tomo logo

$328,000

Beds
2
Baths
2.0
sq ft
1,613

368 Cardinal Bay, Sanford, NC 27332

368 Cardinal Bay

Sanford, NC 27332

  • 11 days on market
Discover the epitome of lakefront living along the shores of Lake Trace. Nestled within the desirable Carolina Trace Community, this 2-bedroom, 2-bathroom gem offers breathtaking water views, sunsets, and access to a host of amenities. Step inside to find an open-concept layout flooded with natural light, beam vaulted ceilings, and a cozy living area that opens to a private deck overlooking the lake. Outside, indulge in a STAYCATION with direct access to the private marina, sparkling pool, playground, and beautifully maintained common areas. Whether you're relaxing on your deck, enjoying a day on the water, or exploring the neighborhood, this home is your personal retreat. Carolina Trace has 2 golf courses designed by Robert Trent Jones, plenty of amenities, and it located just minutes from shopping and downtown. Welcome to your lakeside paradise in Carolina Trace!

Details

Property type

Single Family Residence

Est. home value

$255,927

Lot size

Unknown

Price per sq ft

$204

Year built

1977

Monthly HOA fee

$59.58

Price History

06/21/2024
LongleafPine

LongleafPine #727727

Listed
$328,000
+106.29%
06/19/2018
LongleafPine

LongleafPine #532851

Sold
$159,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

East Lee Middle

High school: 

Lee County High

Community features: 

Pool, Gated, Golf

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

$188,765
Asking price
$328,000
Closing costs (~8% of asking)
-$26,240
Est. remaining loan balance
-$112,995
Cash to seller
$188,765

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

Seller’s Loan History

Lender

Suntrust Mortgage Inc

Loan start date

June 2018

Original loan amount

$127,200

Est. remaining balance

$112,995

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Brooks A Cunningham and Sally F Horton

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?

Status: Active

Tomo last checked: 07/02/2024 at 7:35 PM

Listing updated: 06/21/2024 at 1:54 PM

Listed by: LEONARD "BEAU" BEAUDRY, MIDNIGHT REALTY, LLC. Phone #: (704) 608-8081

MLS: LongleafPine #727727

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