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$275,000

Beds
2
Baths
1.0
sq ft
880

3174 Tom Burke Lane, Graham, NC 27253

3174 Tom Burke Lane

Graham, NC 27253

  • Pending
    • Price drop $24,000↓
ENDLESS potential! While this 1890's farmhouse is recently renovated, there is a BUILDABLE lot already approved for new well with a 4 bedroom perk and is rough cleared! Existing home has preliminary plat to separate house and acreage of 1.10, should buyer choose to do so! This property is surrounded by a stunning 10.9 acres of woods and fields! 400 feet of privacy fence and an adorably remodeled farm house! The upstairs is ready for finishing and could add bedrooms, bathroom OR a bonus! Those beautiful exposed logs in the bathroom are from the original log cabin that was added on to. Young orchard recently planted includes peaches, apples, pears and pecans! Chicken coop and run, outdoor pad/workout platform with equipment, two LARGE storage buildings-one is brand new! ATT Fiber internet is wired and ready! Sweps-Sax road frontage available to be used as alternate entrance-rough cleared currently. Whatever your vision may be, this property is perfect!

Details

Property type

Single Family Residence

Est. home value

$176,008

Lot size

10.9 acres

Price per sq ft

$313

Year built

1890

Annual property taxes

$556.19

Price History

09/13/2024
TriangleMLS

TriangleMLS #10043708

Pending
$275,000
09/11/2024
TriangleMLS

TriangleMLS #10043708

Price change
$275,000
-8.03%
09/11/2024
TriangleMLS

TriangleMLS #10043708

Price change
$299,000
-14.33%

Schools & Community

Elementary school: 

Alamance - Alexander Wilson

Middle school: 

Alamance - Hawfields

High school: 

Alamance - Southeast Alamance

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

$76,079
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$176,921
Cash to seller
$76,079

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

February 2023

Original loan amount

$180,000

Est. remaining balance

$176,921

Interest rate

6.48%

Loan type

New Conventional, 30 year

Seller

Stephen Morris and Shannon Thompson

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: Pending/Under Contract

Tomo last checked: 09/19/2024 at 5:20 AM

Listing updated: 09/13/2024 at 3:22 AM

Listed by: Carol Maddox, Elevation Realty, LLC Phone #: (336) 212-1054

MLS: TriangleMLS #10043708

TriangleMLS logo

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