tomo logo

$1,050,000

Beds
5
Baths
5.0
sq ft
3,573

401 Lakeshore Ln, Chapel Hill, NC 27514

401 Lakeshore Ln

Chapel Hill, NC 27514

  • 77 days on market
    • Price drop $200,000↓
Classic modernist roof line on this wonderful, spacious contemporary home located in the popular Lake Forest neighborhood. Full lake privileges. Built in 1974, then added on to and renovated in 2005, it has soaring ceilings, hardwood floors, and tons of windows. The convenient circular driveway with plenty of parking makes living and entertaining a breeze. The detached two-car garage seamlessly ties into the home and landscaping. The home lives large and has 4 bedrooms and 4 bathrooms on the main level (Primary bedroom and bath included) and 1 bedroom with a wall of built-in bookshelves and bathroom upstairs. On the main level there is a mirrored room that has served mostly recently as a game room but has also been an exercise room. Beyond that room is an office with its own private entrance. The living room has walls of glass and has a small deck off to the side. Off the living room the dining room has a step down into the sunroom. The painted sunroom flooring is engineered wood(?) which had some water stains from a previous roof leak (leak has been fixed) and water stains from plants. Kitchen renovation presumably dates to 2005 and has Corian countertops. All appliances convey as-is but please note that the refrigerator water dispenser is no longer working. The fireplaces in the living room, kitchen, and primary bedroom are not functional. The primary bedroom is private and has a large walk-through closet. The primary bath has double vanities, a comfortable soaking tub, and large walk-in shower. Lovely family room with skylights and many windows offers several seating areas and opens to the screen porch and deck. The fabulous screen porch with tongue and groove wooden ceiling and ceiling fan is a perfect place to gather as we enter the fall season. The home is nestled under mature trees, and you can meander through the back yard on several gravel paths. Note: crawl space is quite damp and we are in the process of having that looked at.

Details

Property type

Single Family Residence

Est. home value

$1,123,907

Lot size

0.63 acres

Price per sq ft

$294

Year built

1974

Annual property taxes

$12,550.15

Monthly HOA fee

$45

Price History

10/21/2024
TriangleMLS

TriangleMLS #10048767

Price change
$1,050,000
-16%
08/23/2024
TriangleMLS

TriangleMLS #10048767

Listed
$1,250,000
+87.55%
02/28/2017
TriangleMLS

TriangleMLS #2098506

Sold
$666,500
+13.54%

Schools & Community

Elementary school: 

CH/Carrboro - Estes Hills

Middle school: 

CH/Carrboro - Guy Phillips

High school: 

CH/Carrboro - East Chapel Hill

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First South Bank

Loan start date

February 2016

Original loan amount

$533,250

Est. remaining balance

Not provided

Interest rate

3.75%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Nicolas Brunel and Susanna Caviglia

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 3:40 PM

Listing updated: 10/28/2024 at 6:01 AM

Listed by: Sally Clark, Berkshire Hathaway HomeService Phone #: (919) 383-4663

MLS: TriangleMLS #10048767

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