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$370,000

Beds
2
Baths
1.0
sq ft
1,048

410 South 8th Street, Wilmington, NC 28401

410 South 8th Street

Wilmington, NC 28401

  • 29 days on market
    • Price drop $5,000↓
Prepare to be charmed! This 1903 bungalow, lovingly named Lorelei, greets you with an idyllic rocking chair front porch. It provides the comforts of modern living and keeps the character of the era. Step inside to the wide hallway, with tall ceilings and original hardwood floors, it will draw you to see more. From the front living room, past the 2 bedrooms, the oversized windows fill the spaces with natural light. 2 original (now, decorative) fireplaces turn up the beauty even more. The recently renovated bathroom is dreamy- includes a freestanding soaking tub shower combo with tile surround and refurbished vanity for extra glam. An almost new kitchen delivers updated cabinetry, stainless appliances, including gas range, wood countertops and even more stained glass. The nearby laundry closet allows for a little more storage and a tankless water heater. Step out back to the fully fenced backyard and patio. It's big enough for the kids, the pets and your friends. Settle in knowing the plumbing and electrical have been updated, plus a nearly new roof, HVAC, insulation, siding and termite bond. This gem of a property even has convenient, paved, off street parking so you never have to search for a parallel parking spot. Robert Strange Park, located directly across the street has courts, pool, playground, kids play place, and adult fitness center. Neighboring one of Wilmington's lively locals, Castle Street Arts & Antiques District, you'll find it a short jaunt to casual or fine dining, cool shops and entertainment. It's still only minutes away from Wilmington downtown riverwalk, the Cargo district, or South Front district; setting you up for recreation, relaxation, and ease. Whether you're enjoying your morning coffee on the front porch or grilling out on the back patio with loved ones, this home welcomes your story. Thinking about making this an income producing property? It's furnished, all set and ready to go!

Details

Property type

Single Family Residence

Est. home value

$313,009

Lot size

2,744 sq ft

Price per sq ft

$354

Year built

1903

Price History

11/06/2024
NorthCarolinaRegional

NorthCarolinaRegional #100471356

Price change
$370,000
-1.33%
10/23/2024
NorthCarolinaRegional

NorthCarolinaRegional #100471356

Listed
$375,000
+22.95%
08/22/2022
NorthCarolinaRegional

NorthCarolinaRegional #100339253

Sold
$305,000
+579.29%

Schools & Community

Elementary school: 

Snipes

Middle school: 

Williston

High school: 

New Hanover

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

$118,305
Asking price
$370,000
Closing costs (~8% of asking)
-$29,600
Est. remaining loan balance
-$222,095
Cash to seller
$118,305

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2022

Original loan amount

$228,750

Est. remaining balance

$222,095

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Jeffrey C Brewer and Montana Brewer

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: 11/14/2024 at 5:20 PM

Listing updated: 11/05/2024 at 7:12 PM

Listed by: Aleisha Nassef, Salt and Stone Property Group Phone #: (910) 231-7377

MLS: NorthCarolinaRegional #100471356

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