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$904,259Estimated home value

Beds
4
Baths
4.0
sq ft
4,694

277 Tradition Drive, Mount Gilead, NC 27306

277 Tradition Drive

Mount Gilead, NC 27306

  • Sold On 6/28/2021
    • Price drop $10,000↓
Unforgettable Home w/ luxurious amenities! Boat slip lease included, located within the neighborhood, just a golf cart ride away! Beautiful 2 story foyer w marble flooring & stunning curved staircase which opens up to formal dining & gorgeous kitchen w custom cabinetry, granite counters & island. Breakfast area w wall of glass overlooking hand-laid flagstone covered veranda. Limestone fireplace & magnificent coffered ceiling in family room. Lrg stone fireplace & cathedral ceiling w wood beams in the den, all overlooking the 14th green. Master suite features lots of windows & door leading to covered terrace & lavish bath w 2 custom vanities, Air jet soaking tub, travertine shower & 2 walk-in closets w built-in shelves. 2 staircases, 1 directly off the kitchen, leads upstairs to lrg media room w built-ins, 3 bdrms & 2 full baths. Outdoor grilling area w built-in grill & granite counter tops. 3 car garage + golf cart garage, all w mahogany doors. Beautiful landscaping, circular drive.

Details

Property type

Single Family Residence

Est. home value

$904,259

Lot size

0.69 acres

Price per sq ft

$166

Year built

2008

Monthly HOA fee

$50

Price History

03/24/2025
CanopyMLS

CanopyMLS #4180483

Removed
$1,197,500
09/26/2024
CanopyMLS

CanopyMLS #4180483

Listed
$1,197,500
+59.67%
06/28/2021
CanopyMLS

CanopyMLS #3498635

Sold
$750,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Community features: 

Golf

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$239,385
Asking price
$779,000
Closing costs (~8% of asking)
-$62,320
Est. remaining loan balance
-$477,295
Cash to seller
$239,385

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Atlantic Bay Mortgage Group Llc

Loan start date

June 2021

Original loan amount

$520,000

Est. remaining balance

$477,295

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Kenny Lee Gaddis and Lynn M Gaddis

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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337 Tradition Drive, Mount Gilead, NC 27306

Status: Off Market

Tomo last checked: 04/01/2025 at 4:15 PM

Listing updated: 02/08/2023 at 3:24 PM

Listed by: Lynn Norman, Lake Tillery Properties LLC Phone #: (910) 439-2030

MLS: CanopyMLS #3498635

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