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$499,900

Beds
3
Baths
2.0
sq ft
1,651

298 Folk Rd, Chesnee, SC 29323

298 Folk Rd

Chesnee, SC 29323

  • Pending
    • Price drop $20,000↓
SELLER MOTIVATED AND WILLING TO CONSIDER ALL OFFERS. Welcome to Old Folk Farm, a unique property that blends rustic charm with modern amenities. Nestled on 6.91 acres situated the NC/SC border, this 3-bedroom, 2-bathroom home offers a tranquil retreat with plenty of space for your agricultural ambitions. Upon arrival, you'll be greeted by two scenic pastures that frame the driveway, creating a picturesque approach to your new home. The residence features an unfinished walkout basement, stubbed with plumbing and ready for your custom touches. The sliding glass door opens to the backyard, inviting you to enjoy the serene surroundings. For equestrian enthusiasts, this property is ideally located just 15 miles from Tryon International Equestrian Center, a renowned destination for horse lovers, and you're only a 30-minute drive from Harmon Field in Tryon, NC, offering a variety of outdoor activities and events. 298 Folk Road is conveniently located 30 minutes from Spartanburg, 1 hour from the mountains of NC, and 1 hour from Charlotte, NC. . Old Folk Farm is your opportunity to embrace country living with convenient access to all the amenities you need. The run-in shed provides a comfortable space for horses, while the metal garage with two doors is currently used as a barn for goats, showcasing the versatility of this farm. Whether sitting on your front porch, deck or patio you will have country estate views. Don't miss this chance to make Old Folk Farm your own. Schedule a tour today and experience the charm and potential of this unique property.

Details

Property type

Single Family Residence

Est. home value

$397,959

Lot size

6.91 acres

Price per sq ft

$303

Year built

1991

Annual property taxes

$2,407

Price History

09/03/2024
Spartanburg

Spartanburg #310892

Pending
$499,900
08/21/2024
Spartanburg

Spartanburg #310892

Price change
$499,900
-3.85%
08/02/2024
Spartanburg

Spartanburg #310892

Price change
$519,900
-1.89%

Schools & Community

Elementary school: 

2-Chesnee Elem

Middle school: 

2-Chesnee Middle

High school: 

2-Chesnee High

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

$225,192
Asking price
$499,900
Closing costs (~8% of asking)
-$39,992
Est. remaining loan balance
-$234,716
Cash to seller
$225,192

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

Seller’s Loan History

Lender

Cpm Fcu

Loan start date

April 2021

Original loan amount

$254,875

Est. remaining balance

$234,716

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Anthony Brian Riffle and Lauren Kathleen Ladd Riffle

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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977 Sandy Ford Rd, Chesnee, SC 29323

Status: Pending/Under Contract

Tomo last checked: 10/05/2024 at 9:30 PM

Listing updated: 09/03/2024 at 11:37 AM

Listed by: Alicia B Pless, LPT Realty, LLC. Phone #: (864) 504-4110

MLS: Spartanburg #310892

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