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$1,197,500

Beds
4
Baths
4.0
sq ft
4,694

277 Tradition Drive, Mount Gilead, NC 27306

277 Tradition Drive

Mount Gilead, NC 27306

  • 171 days on market
Amazing detail in this luxurious home in the Tillery Tradition Country Club on Lake Tillery. Beautiful 2 story foyer with marble flooring & stunning circular staircase which opens up to formal dining & gorgeous kitchen with 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. Another stone fireplace & cathedral ceiling with wood beams in the den, all overlooking the 14th green. Master suite features lots of windows & door leading to covered terrace & lavish bath with 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 the large game room,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. Magnificent golf course !!

Details

Property type

Single Family Residence

Est. home value

$904,259

Lot size

Unknown

Price per sq ft

$256

Year built

2008

Monthly HOA fee

$50

Price History

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: 

Clubhouse, Golf, Street Lights

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

$623,404
Asking price
$1,197,500
Closing costs (~8% of asking)
-$95,800
Est. remaining loan balance
-$478,296
Cash to seller
$623,404

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

$478,296

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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Status: Active

Tomo last checked: 02/23/2025 at 11:00 PM

Listing updated: 02/14/2025 at 4:10 PM

Listed by: Mark McRae, McRae Properties Phone #: (910) 439-9600

MLS: CanopyMLS #4180483

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