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$449,000

Beds
5
Baths
2.0
sq ft
Unknown

501 Buncombe St, Edgefield, SC 29824

501 Buncombe St

Edgefield, SC 29824

  • 368 days on market
    • Price drop $30,900↓
Historical two-story home on Edgefield's premier location, Buncombe Street! Original structure built in 1890, enlarged in 1895 by local lawyer, E.H. Folk, and family owned until 1961. Open the beautiful front door to a graceful hall with a beautiful staircase. Lovely shady front porch with fretwork spindles overlooks lush yard with renowned camellia garden and other flowering trees. Gardens once contained 500 camellia trees. Many century trees including a tea tree believed to be a gift from Russian Czar to Lucy Pickens in the late 1800's.Large country kitchen with new stove, microwave, and refrigerator at rear of home steps out onto its own private porch and access to privacy fenced back yard. Original wood floors, newly refinished, throughout home. Dining room has floor to ceiling, large built in corner cabinet for fine China. Fireplace surround of antique tile. Living room has original coal grate fireplace with cover. Upstairs is another center hall and 4 bedrooms and newly renovated bath. Great metal roof installed 7 years ago. Recent updates to home include two new AC units, insulation, foundation repairs, exterior siding repairs, attic repairs, and re-wiring, and pvc plumbing throughout house. Current owner has completed major restoration for house and garden. Home to be included in upcoming Edgefield County Historical Society Fall Homes Tour. Walking distance to Historic Downtown Edgefield with shops, restaurants, and public square.

Details

Property type

Single Family Residence

Est. home value

$470,187

Lot size

0.76 acres

Price per sq ft

Unknown

Year built

1900

Price History

07/02/2024
CTAR

CTAR #23021184

Price change
$449,000
-6.44%
09/14/2023
CTAR

CTAR #23021184

Listed
$479,900

Schools & Community

Elementary school: 

Out of Area

Middle school: 

Out of Area

High school: 

Out of Area

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

$281,153
Asking price
$449,000
Closing costs (~8% of asking)
-$35,920
Est. remaining loan balance
-$131,927
Cash to seller
$281,153

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

December 2021

Original loan amount

$140,000

Est. remaining balance

$131,927

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Joan L Arrowsmith and The Joan L Arrowsmith Trust

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: 09/16/2024 at 3:25 PM

Listing updated: 09/12/2024 at 3:08 PM

Listed by: Summers Pendarvis, Weichert Realtors - Pendarvis Company Phone #: (803) 637-0079

MLS: CTAR #23021184

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