tomo logo

$185,000

Beds
3
Baths
2.0
sq ft
1,504

406 South 16th Street, Erwin, NC 28339

406 South 16th Street

Erwin, NC 28339

  • 88 days on market
    • Price drop $14,900↓
This charming home is a haven of comfort and style, offering three spacious bedrooms and two full baths. The welcoming front porch and the serene back patio provide the perfect spaces for entertaining guests or simply unwinding after a long day. This home also offers a fairly new roof and HVAC system ensuring comfort for this wonderful home. The heart of the home is the family room, which boasts a cozy fireplace, making it an ideal spot for relaxation and gatherings. The separate dining room and kitchen offer ample space for culinary adventures and socializing, enhancing the home's appeal. This gem of a home is a must-see, promising a blend of comfort and elegance that is sure to impress. Whether you're looking for a your first home or an investment opportunity, this property could be the perfect fit for you. This hoime is close to restuarunts and shopping.

Details

Property type

Ranch

Est. home value

$174,394

Lot size

7,405.2 sq ft

Price per sq ft

$124

Year built

1925

Annual property taxes

$1,318.77

Price History

09/09/2024
TriangleMLS

TriangleMLS #10040158

Price change
$185,000
-7.45%
08/26/2024
TriangleMLS

TriangleMLS #10040158

Price change
$199,900
-2.01%
07/29/2024
TriangleMLS

TriangleMLS #10040158

Price change
$204,000
-2.86%

Schools & Community

Elementary school: 

Harnett - Erwin

Middle school: 

Harnett - Coats - Erwin

High school: 

Harnett - Triton

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

$76,007
Asking price
$185,000
Closing costs (~8% of asking)
-$14,800
Est. remaining loan balance
-$94,193
Cash to seller
$76,007

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

Seller’s Loan History

Lender

Usda

Loan start date

October 2019

Original loan amount

$100,902

Est. remaining balance

$94,193

Interest rate

3.58%

Loan type

USDA, 38 year

Seller

Lillian P Melvin

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: 10/06/2024 at 1:20 AM

Listing updated: 09/30/2024 at 8:19 AM

Listed by: Beverly Robinson, Grason Realty, LLC Phone #: (919) 801-9662

MLS: TriangleMLS #10040158

TriangleMLS logo

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