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$600,000

Beds
4
Baths
4.5
sq ft
2,892

501 New Street, New Bern, NC 28560

501 New Street

New Bern, NC 28560

  • 415 days on market
    • Price drop $25,000↓
Step into the rich tapestry of The Stanly-Bishop House, where history intertwines seamlessly with modern comfort. Nestled in the heart of a city steeped in legacy, this Federal-period gem invites you to embark on a journey through 225 years of architectural evolution. Preserving its historic charm while embracing contemporary updates, this residence offers a glimpse into the past while catering to present-day needs. From the dignified six-panel doors to the intricate moldings adorning each room, every detail speaks of the home's rich heritage. Recent improvements further enhance the living experience, ensuring a harmonious blend of old-world charm and modern convenience. Step into the comfort of new HVAC units installed in Aug. 2023, promising year-round comfort, while freshly sealed lower roof surfaces in October of the same year guarantee longevity. The interior of the 3rd floor apartment received a fresh coat of paint in Oct. 2023, revitalizing its ambiance (house is not described as a 3 story since this apt. space does not meet the definition of ''heated living area'' given the 7' height requirement). In the upstairs Master Bedroom, a zero-entry tiled shower, installed in 2022, offers a touch of luxury and accessibility. Discover convenience at every turn with new comfort height toilets installed throughout the residence in 2021. Other updates include the conversion of fireplaces, HVAC furnaces, and major appliances to natural gas, ensuring efficiency and sustainability (dual fuel stove). The kitchen stands as a testament to modern functionality, boasting butcher block and granite countertops (w/ an island). Meanwhile, the built-in Dining Room bookcase and coatrack at the rear door add both style and practicality. But, perhaps one of the most enticing features is the off-street parking, offering convenience in a historic setting. And with a second-floor laundry room and a 3rd floor apartment with a separate entrance, the possibilities are endless, whether you seek a cozy retreat or an income opportunity. Embrace the past, seize the present, and make history your own as you step into The Stanly-Bishop House. From its illustrious ownership to its modern comforts, this residence is more than just a homeit's a living testament to the enduring spirit of New Bern's legacy. ***House is next to train tracks and has activity maybe twice a day, if at all; no loud whistle, just a bell is rung. Also, a structural engineer inspected the foundation on 12/2/24 and, in summary, "...found that settlement is due to age...and...no recent movement is likely to have occurred."

Details

Property type

Single Family Residence

Est. home value

$686,754

Lot size

4,922 sq ft

Price per sq ft

$208

Year built

1799

Annual property taxes

$4,032.03

Price History

10/28/2024
NorthCarolinaRegional

NorthCarolinaRegional #100409735

Price change
$600,000
-4%
06/12/2024
NorthCarolinaRegional

NorthCarolinaRegional #100409735

Listed
$625,000
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100409735

Removed
$625,000

Schools & Community

Elementary school: 

Brinson

Middle school: 

Grover C.Fields

High school: 

New Bern

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

$349,394
Asking price
$600,000
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$202,606
Cash to seller
$349,394

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

Seller’s Loan History

Lender

First Citizens Bank & Trust Co

Loan start date

November 2021

Original loan amount

$217,000

Est. remaining balance

$202,606

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Mark David Atkinson and Lois Ann Atkinson

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: 12/25/2024 at 8:15 PM

Listing updated: 12/06/2024 at 2:02 PM

Listed by: JUDD PRICE, Keller Williams Realty Phone #: (252) 637-2010

MLS: NorthCarolinaRegional #100409735

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