tomo logo

$525,000

Beds
3
Baths
2.0
sq ft
1,351

357 Stillwater Road, Troutman, NC 28166

357 Stillwater Road

Troutman, NC 28166

  • 140 days on market
    • Price drop $20,000↓
**Turning up the heat! Reduced 50K!!*Great STR opportunity with a years worth of Data! There has not been many opportunities to invest in Lake Norman Waterfront property at this price for a while! This property has already developed a track record on Airbnb and provided an NOI of almost $23,000 in the last 12 months, listing this offering at a 4% Cap Rate. Sellers also have data showing they have kept pricing within the lower 20-30 percentile, offering potential growth. At $525,000, you are hard pressed to find any other opportunity on Lake Norman whether you are looking to invest or move in and we'd love to discuss further, INCLUDING FURNISHINGS! Bookings will continue throughout the listing and contract period unless requested by contracted buyer, so please do not disturb the tenants stay or go on the property without an approved scheduled showing. Lets get you in to take a look at this Fantastic opportunity!

Details

Property type

Single Family Residence

Est. home value

$487,678

Lot size

Unknown

Price per sq ft

$389

Year built

2017

Price History

07/08/2024
CanopyMLS

CanopyMLS #4140726

Price change
$525,000
-3.67%
06/04/2024
CanopyMLS

CanopyMLS #4140726

Price change
$545,000
-5.22%
05/20/2024
CanopyMLS

CanopyMLS #4140726

Listed
$575,000
+19.92%

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$106,718
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$376,282
Cash to seller
$106,718

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

Seller’s Loan History

Lender

Deere Employees Cu

Loan start date

January 2023

Original loan amount

$383,600

Est. remaining balance

$376,282

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

Joe Robert Dilling and Rachel Ann Dilling

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: 10/05/2024 at 9:35 PM

Listing updated: 09/29/2024 at 4:06 PM

Listed by: Sunni Lauten, Coldwell Banker Advantage Phone #: (336) 996-3971

MLS: CanopyMLS #4140726

CanopyMLS logo

Recently listed in Troutman