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$425,000

Beds
3
Baths
2.0
sq ft
2,155

404 Imperial Way, Albemarle, NC 28001

404 Imperial Way

Albemarle, NC 28001

  • 4 days on market
Check out this beautiful 3bed + Bonus, 2 full bath home sitting on .92 acres of peace and quiet. This home greets you with a perfect rocking chair front porch to soak up the beautiful view. Many homes claim an open concept but this house delivers! The kitchen is a culinary dream come true with custom cabinets, a large island, granite and stainless appliances. The living room is a great size with a modern country fireplace and true open floor plan. The dining room brings it all together to connect the whole family together no matter what room you are in. The master bedroom boasts coffered ceilings and is large enough for any kings size bedroom suit. The master bath is incredible with a large walk in shower and amazing counter top space. The other bedrooms are large and spacious and there is plenty of space for storage. The bonus room is the perfect size to utilize as a 4th bedroom or second living room. Don't miss out on this wonderful house. It is priced to sell quickly.

Details

Property type

Single Family Residence

Est. home value

$397,646

Lot size

Unknown

Price per sq ft

$198

Year built

2021

Price History

02/19/2025
CanopyMLS

CanopyMLS #4224803

Listed
$425,000
+30.77%
08/18/2021
CanopyMLS

CanopyMLS #3749182

Sold
$325,000

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

$283,540
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$107,460
Cash to seller
$283,540

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

Seller’s Loan History

Lender

American Security Mortgage Corp

Loan start date

August 2021

Original loan amount

$135,000

Est. remaining balance

$107,460

Interest rate

2.26%

Loan type

New Conventional, 15 year

Seller

Gerald C Gibson Jr and Lynn Mason Gibson

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: 02/23/2025 at 4:35 PM

Listing updated: 02/20/2025 at 5:05 AM

Listed by: Matt Huffman, NorthGroup Real Estate LLC Phone #: (704) 412-2804

MLS: CanopyMLS #4224803

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Recently listed in Albemarle