tomo logo

$375,000

Beds
3
Baths
2.5
sq ft
1,758

322 Locust Road, Newland, NC 28657

322 Locust Road

Newland, NC 28657

  • 12 days on market
***MAKE AN OFFER***Investor special. Flip or buy and hold. Short term rentals allowed. Excellent opportunity for the right buyer. Hurricane damaged driveway but not to home. Property is sold as is. Home is a 3 bedroom and 2.5 bath home located on an oversized lot located in Linville Land Harbor. Neighborhood offers lake, pool, parks, trails, tennis, golf, pickleball and more. Area attractions include: Blue Ridge Pkwy/Jonas Tubing, Wilderness Coaster/Linville Falls, Sugar Mountain skiing, Grandfather Mountain. Buyer is to pay off retaining wall lien of $55,000. Broker owned property

Details

Property type

Single Family Residence

Est. home value

$408,506

Lot size

0.45 acres

Price per sq ft

$214

Year built

1998

Annual property taxes

$891.2

Monthly HOA fee

$266.83

Price History

12/10/2024
HighCountry

HighCountry #252931

Listed
$375,000
-17.22%
09/18/2024
CanopyMLS

CanopyMLS #4164496

Removed
$453,000
08/15/2024
CanopyMLS

CanopyMLS #4164496

Price change
$453,000
-0.22%

Schools & Community

Elementary school: 

Crossnore

Middle school: 

Avery

High school: 

Avery County

Community features: 

Pool, Clubhouse, Fishing, Golf, Lake, Tennis Court(s)

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

$241,118
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$103,882
Cash to seller
$241,118

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

January 2024

Original loan amount

$104,296

Est. remaining balance

$103,882

Interest rate

6.95%

Loan type

Not Provided, 40 year

Seller

Sandi Dascoulias

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: 12/23/2024 at 4:35 AM

Listing updated: 12/10/2024 at 12:10 PM

Listed by: Sandi Dascoulias, Realty One Group Results-Banner Elk Phone #: (828) 278-7448

MLS: HighCountry #252931

HighCountry logo

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