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$1,245,000

Beds
5
Baths
4.0
sq ft
4,826

320 Arbutus Road, Southern Pines, NC 28387

320 Arbutus Road

Southern Pines, NC 28387

  • 191 days on market
    • Price drop $50,000↓
Nestled amidst the serene charm of Southern Pines, North Carolina, this exquisite French country home embodies elegance and comfort in every detail. Boasting a generous floor plan of approximately 4800 square feet, this resplendent abode offers ample space for gracious living and entertaining. Set on a sprawling .90-acre parklike setting, this residence enjoys the tranquility of its surroundings while being conveniently located close to town amenities. Stepping inside, guests are greeted by the timeless allure of heart pine flooring, lending warmth and character to every room. The heart of this home is its inviting living spaces, where gatherings are elevated by the ambiance of a stone fireplace and the gentle breeze flowing through the two beautiful back porches. From here, one can savor picturesque views of the meticulously landscaped garden and park, creating an idyllic retreat for relaxation and reflection. With five bedrooms and three full baths, along with two half baths, this home ensures both privacy and convenience for its inhabitants. The primary suite is on the main level. For extended family or guests, the full basement apartment provides a welcoming sanctuary complete with its own full kitchen, offering a seamless blend of independence and connection. Decorated by an interior designer, every corner of this home exudes sophistication and style, with furnishings carefully curated to complement the timeless aesthetic. Whether enjoying a quiet evening by the fireplace or hosting soirées in the elegant dining room, residents will delight in the effortless luxury of this French country haven. In summary, this Southern Pines gem offers a rare opportunity to embrace refined country living without sacrificing the conveniences of modern life. With its spacious layout, parklike surroundings, and impeccable design, this residence beckons discerning buyers to experience the epitome of comfort and sophistication in one of North Carolina's most charming areas.

Details

Property type

Single Family Residence

Est. home value

$1,076,108

Lot size

0.9 acres

Price per sq ft

$258

Year built

2002

Annual property taxes

$7,255.65

Price History

10/04/2024
NorthCarolinaRegional

NorthCarolinaRegional #100441892

Listed
$1,245,000
10/01/2024
NorthCarolinaRegional

NorthCarolinaRegional #100441892

Removed
$1,245,000
08/09/2024
NorthCarolinaRegional

NorthCarolinaRegional #100441892

Price change
$1,245,000
-3.86%

Schools & Community

Elementary school: 

Southern Pines

Middle school: 

Southern

High school: 

Pinecrest

High school district: 

Moore County Schools

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

$820,634
Asking price
$1,245,000
Closing costs (~8% of asking)
-$99,600
Est. remaining loan balance
-$324,766
Cash to seller
$820,634

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

Seller’s Loan History

Lender

American Pacific Mortgage Corp

Loan start date

July 2021

Original loan amount

$350,000

Est. remaining balance

$324,766

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

John E Martin and Jane E Martin

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: 11/08/2024 at 9:20 AM

Listing updated: 10/04/2024 at 6:07 PM

Listed by: Mandy Dennis, Dennis Realty Phone #: (910) 986-3081

MLS: NorthCarolinaRegional #100441892

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