tomo logo

$285,000

Beds
3
Baths
2.0
sq ft
1,941

407 King Street, Monroe, NC 28110

407 King Street

Monroe, NC 28110

  • 20 days on market
    • Price drop $15,000↓
This charming classic ranch-style home beautifully blends period details with modern features. Highlights include ceiling fans, newer plumbing, an encapsulated crawl space, and attractive kitchen cabinets. The versatile sunroom boasts a built-in sink, while the home maintains its timeless appeal with a tiled entry, mosaic inlay, arched hallway, bay windows, original wood flooring, a fireplace, and French doors. The office/study/nursery features a removable faux wall that opens to a French door entry. Additionally, there are second living quarters with one bedroom, a bathroom, and a sunroom. With handicap-accessible entrances and a spacious, fenced backyard, this home is conveniently located near Hwy 74 and downtown Monroe for shopping and entertainment. The owner is selling "as is, where is," and a washer and dryer are included. Notably, the main sewer line was replaced in 2020.

Details

Property type

Single Family Residence

Est. home value

$276,360

Lot size

Unknown

Price per sq ft

$147

Year built

1948

Price History

12/15/2024
CanopyMLS

CanopyMLS #4204316

Price change
$285,000
-5%
12/03/2024
CanopyMLS

CanopyMLS #4204316

Listed
$300,000
+66.67%
08/03/2020
CanopyMLS

CanopyMLS #3611843

Sold
$180,000

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

$99,063
Asking price
$285,000
Closing costs (~8% of asking)
-$22,800
Est. remaining loan balance
-$163,137
Cash to seller
$99,063

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

July 2020

Original loan amount

$180,000

Est. remaining balance

$163,137

Interest rate

3.24%

Loan type

VA, 30 year

Seller

Josten Savage

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?

Similar Homes Nearby

Price drop
CanopyMLS
$319,900
3 bd
|
2 ba
|
1,337 sq ft
|
House

2815 Faircroft Way, Monroe, NC 28110

CanopyMLS
$265,000
3 bd
|
2 ba
|
1,311 sq ft
|
House

426 English Street, Monroe, NC 28110

CanopyMLS
$310,000
3 bd
|
2 ba
|
1,242 sq ft
|
House

6014 Windsong Way, Wingate, NC 28174

Status: Active

Tomo last checked: 12/23/2024 at 4:30 AM

Listing updated: 12/14/2024 at 7:59 PM

Listed by: William Spann, Expand Legacy Worldwide LLC Phone #: (704) 292-0479

MLS: CanopyMLS #4204316

CanopyMLS logo

Recently listed in Monroe