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$150,000

Beds
3
Baths
2.0
sq ft
1,240

420 Coggins Avenue, Albemarle, NC 28001

420 Coggins Avenue

Albemarle, NC 28001

  • 25 days on market
    • Price drop $10,000↓
Charming historic home on Corner lot just steps from Downtown Albemarle! Great opportunity for a fix & flip or an investor adding to their portfolio. Home has hardwood floors throughout plus dual living areas and formal dining room w/ focal chandelier. Upstairs is an additional 584 sq ft that include an oversized bath w/ dual vanities & a bedroom. Due to duct location, it's not considered heated living area and yet is very much additional living space for the home. Tons of storage options in the downstairs storage cellar and large backyard ready to create your own retreat! With some TLC this home can truly showcase this historical style while being in an incredibly convenient location!

Details

Property type

Single Family Residence

Est. home value

$158,694

Lot size

Unknown

Price per sq ft

$121

Year built

1940

Price History

09/12/2024
CanopyMLS

CanopyMLS #4174826

Price change
$150,000
-6.25%
08/23/2024
CanopyMLS

CanopyMLS #4174826

Listed
$160,000
+88.24%
08/02/2021
CanopyMLS

CanopyMLS #3749203

Sold
$85,000
+109.88%

Schools & Community

Elementary school: 

Central

Middle school: 

Albemarle

High school: 

Albemarle

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

$28,682
Asking price
$150,000
Closing costs (~8% of asking)
-$12,000
Est. remaining loan balance
-$109,318
Cash to seller
$28,682

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

October 2022

Original loan amount

$112,500

Est. remaining balance

$109,318

Interest rate

5.13%

Loan type

New Conventional, 30 year

Seller

Brenton Daniel

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: 09/17/2024 at 10:45 PM

Listing updated: 09/12/2024 at 9:54 AM

Listed by: Thomas Elrod, Keller Williams Ballantyne Area Phone #: (704) 887-6600

MLS: CanopyMLS #4174826

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Recently listed in Albemarle