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$389,500

Beds
2
Baths
2.0
sq ft
1,337

5 Elk Ridge Lane, Southern Pines, NC 28387

5 Elk Ridge Lane

Southern Pines, NC 28387

  • 10 days on market
Fantastic rare opportunity located in Downtown Southern Pines, walking distance to coffee shops, yoga studios, the park, library, boutique shops, local eateries, pubs, breweries and so much more. Charming one level townhome with two bedrooms with New carpet, two full baths, an open airy bright plan boasting handsome wood flooring and New interior paint throughout. Spacious kitchen with modern appliances, an abundance of cabinets, granite countertops and a breakfast bar open to a warm inviting living & dining area ideal for entertaining or relaxing after a busy day. The master suite features a generous walk in closet, and an ensuite bathroom with a soaking tub, step in shower and a large vanity with dual sinks. Just off of the living room area is your own private outdoor oasis where you can enjoy a quiet evening with a cocktail or a bbq with a few friends to watch the game on the weekend. This is a private end unit with a one car garage with space above for more storage. Easy commute to Ft Bragg! Beautiful townhome and perfect for those seeking a primary residence, a second home, or an investment property. Don't miss out on this rare gem in the heart of Southern Pines! New Carpet, New Paint

Details

Property type

Townhouse

Est. home value

$318,037

Lot size

Unknown

Price per sq ft

$292

Year built

2007

Annual property taxes

$1,787.68

HOA fee

$150

Price History

02/13/2025
NorthCarolinaRegional

NorthCarolinaRegional #100488703

Listed
$389,500
+35.95%
03/04/2022
NorthCarolinaRegional

NorthCarolinaRegional #100309489

Sold
$286,500

Schools & Community

Elementary school: 

Southern Pines Elementary

Middle school: 

Crain's Creek Middle

High school: 

Pinecrest High

High school district: 

Moore County Schools

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

$107,268
Asking price
$389,500
Closing costs (~8% of asking)
-$31,160
Est. remaining loan balance
-$251,072
Cash to seller
$107,268

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

Seller’s Loan History

Lender

Nfm Inc

Loan start date

February 2022

Original loan amount

$260,865

Est. remaining balance

$251,072

Interest rate

3.22%

Loan type

VA, 40 year

Seller

Kevin P Murphy

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 4:55 PM

Listing updated: 02/13/2025 at 8:32 PM

Listed by: Deborah J Leonard, Coldwell Banker Advantage-Southern Pines Phone #: (910) 693-3300

MLS: NorthCarolinaRegional #100488703

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