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$355,000

Beds
3
Baths
2.5
sq ft
1,360

501 Cove Hollow Drive, Durham, NC 27703

501 Cove Hollow Drive

Durham, NC 27703

  • 35 days on market
    • Price drop $10,000↓
Welcome to this impressive property that combines charm and beauty. Upon entering, you will find a spacious design and a serene atmosphere. The floors, kitchen, and all spaces have been completely renovated and are ready to move in. The home features a new roof installed in 2024 and is situated on a corner lot within an established neighborhood in the Triangle area, offering both convenience and appeal. Additionally, the property qualifies for Google Fiber, providing the opportunity for high-speed connectivity. The open-concept layout allows for a seamless transition from the spacious living room to the dining area and modern kitchen. The kitchen is equipped with a stylish granite countertop, a large sink, and brand-new appliances, including a refrigerator. A half-bathroom with gold accents adds a touch of sophistication on the main floor. As you make your way upstairs, you will find generous spaces, freshly painted walls, and gold-finished details on the closets and bathrooms. The bathrooms have been remodeled with granite finishes and are equipped with support bars, offering enhanced accessibility and comfort. Let yourself be enchanted by every detail and make this ready-to-move-in house your new home.

Details

Property type

Single Family Residence

Est. home value

$305,416

Property condition

Updated/Remodeled

Lot size

6,534 sq ft

Price per sq ft

$262

Year built

2003

Annual property taxes

$1,645.58

Monthly HOA fee

$20

Price History

12/10/2024
TriangleMLS

TriangleMLS #10063754

Price change
$355,000
-2.74%
11/16/2024
TriangleMLS

TriangleMLS #10063754

Listed
$365,000
+35.19%
08/15/2024
TriangleMLS

TriangleMLS #10044181

Sold
$270,000
-6.9%

Schools & Community

Elementary school: 

Durham - Oakgrove

Middle school: 

Durham - Neal

High school: 

Durham - Southern

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

$262,790
Asking price
$355,000
Closing costs (~8% of asking)
-$28,400
Est. remaining loan balance
-$63,810
Cash to seller
$262,790

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

Seller’s Loan History

Lender

Corporate Investors Mortgage Group Inc

Loan start date

December 2003

Original loan amount

$127,357

Est. remaining balance

$63,810

Interest rate

6.05%

Loan type

FHA, 30 year

Seller

Samuel Garcia Luna

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: 12/22/2024 at 11:35 AM

Listing updated: 12/18/2024 at 1:55 PM

Listed by: Angelica Alejandra Jimenez Martinez, JA REALTY & CONSULTING LLC Phone #: (336) 848-2326

MLS: TriangleMLS #10063754

TriangleMLS logo

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