tomo logo

$302,000

Beds
3
Baths
2.0
sq ft
1,429

297 Lane Store Road, Franklinton, NC 27525

297 Lane Store Road

Franklinton, NC 27525

  • <1 day on market
    • Open house Apr 05
Don't miss this remodeled ranch home, renovated in 2020 by a licensed contractor! Highlights include a roof installed in 2019, new HVAC in 2023, modern kitchen with granite counter tops and stainless steel appliances. The home boasts an open layout, a master bedroom with a large walk-in closet, and a spacious deck and patio. Paved driveway can fit your boat, RV, or about 5 cars! No HOA. USDA financing eligible. Please note that the living room floor has a noticeable slope, and the sellers are repairing the dishwasher due to a leak.

Details

Property type

Single Family Residence

Est. home value

$284,243

Property condition

Updated/Remodeled

Lot size

0.84 acres

Price per sq ft

$212

Year built

1950

Annual property taxes

$1,414.65

Price History

04/03/2025
TriangleMLS

TriangleMLS #10086526

Listed
$302,000
+7.47%
05/05/2022
TriangleMLS

TriangleMLS #2437838

Sold
$281,000
+37.07%
04/23/2020
TriangleMLS

TriangleMLS #2294056

Sold
$205,000
+412.5%

Schools & Community

Elementary school: 

Franklin - Franklinton

Middle school: 

Franklin - Franklinton

High school: 

Franklin - Franklinton

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

$81,548
Asking price
$302,000
Closing costs (~8% of asking)
-$24,160
Est. remaining loan balance
-$196,292
Cash to seller
$81,548

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

Seller’s Loan History

Lender

Midland Mortgage Corp

Loan start date

May 2022

Original loan amount

$207,061

Est. remaining balance

$196,292

Interest rate

4.16%

Loan type

FHA, 30 year

Seller

Shante Henderson

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?

Status: Active

Tomo last checked: 04/04/2025 at 5:20 AM

Listing updated: 04/03/2025 at 4:12 PM

Listed by: Kelly D Lutchman, Allen Tate / Durham Phone #: (919) 913-4990

MLS: TriangleMLS #10086526

TriangleMLS logo

Recently listed in Franklinton