tomo logo

$799,000

Beds
4
Baths
2.5
sq ft
2,104

3424 Monadnock Ridge, Efland, NC 27243

3424 Monadnock Ridge

Efland, NC 27243

  • 88 days on market
    • Price drop $10,000↓
This gorgeous home is a secluded oasis situated on 11 enchanted acres and yet only 7 minutes from I-40 making for an easy commute to Durham, Chapel Hill, RTP, RDU, or the Triad. The quality of craftsmanship and attention to detail are evident as you step through the front door and long associated with the local and reputable Zinn Design Builders. The natural light throughout the home make for an inviting atmosphere that allows for maximum enjoyment of the beautiful and peaceful surroundings. Intentionally updated and cared for with a fully renovated kitchen that includes custom cabinets, a 5-burner stove, elegant quartz counters, tile backspace, and an incredibly convenient butler's pantry. Modern fireplace. Site finished hardwoods in the living areas and LVP flooring on the second level - no carpet! Second story laundry. The over-sized deck (composite decking) is the perfect place to enjoy the tranquility or host a gathering. Crawlspace recently sealed and climate controlled. Two car garage with shop area has fresh epoxy floor coating and ready for all the projects! Half bath recently updated as well. Enjoy miles and miles of hiking trails in the surrounding woods. Horses are allowed on the property as well! Nature, peace, quiet modern comforts, and convenience are on full display here - come and experience it for yourself!

Details

Property type

Single Family Residence

Est. home value

$750,710

Lot size

11.0 acres

Price per sq ft

$380

Year built

1999

Annual property taxes

$2,743

Monthly HOA fee

$8.33

Price History

08/27/2024
TriangleMLS

TriangleMLS #10036857

Price change
$799,000
-1.24%
07/25/2024
TriangleMLS

TriangleMLS #10036857

Price change
$809,000
-0.74%
06/20/2024
TriangleMLS

TriangleMLS #10036857

Listed
$815,000
+7.95%

Schools & Community

Elementary school: 

Orange - Efland Cheeks

Middle school: 

Orange - Gravelly Hill

High school: 

Orange - Cedar Ridge

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

$156,086
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$578,994
Cash to seller
$156,086

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2023

Original loan amount

$604,000

Est. remaining balance

$578,994

Interest rate

6.3%

Loan type

New Conventional, 15 year

Seller

Vikram Raju Kanteti and Praveena Mailika Kanteti

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: 09/16/2024 at 4:05 PM

Listing updated: 09/12/2024 at 11:40 AM

Listed by: Thomas Kortus, Nest Realty of the Triangle Phone #: (919) 493-8383

MLS: TriangleMLS #10036857

TriangleMLS logo

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