tomo logo

$750,000

Beds
4
Baths
3.0
sq ft
3,377

501 Norwood Street Southwest, Lenoir, NC 28645

501 Norwood Street Southwest

Lenoir, NC 28645

  • 18 days on market
This stunning 1932 Neoclassical home beautifully blends historical elegance with contemporary luxury. Meticulously restored with great attention to detail, it features wallpaper and paint selected from the historical color palette of the era. The main level includes a spacious living room, a music room, a cozy sitting room and a dining room. The kitchen has been fully upgraded with exquisite cherry cabinets, a pantry, and new appliances and countertops. All baths have been completely remodeled, with the main en suite offering dual sinks, a soaking tub and a walk-in shower. The electrical system has been modernized, and all radiators are functional, providing warmth throughout the home. A new tile roof was installed in 2019, and there are over $400,000 in updates detailed in the restoration list. In walking distance to downtown in the community-oriented neighborhood of Maehill Park, this home is an easy commute to Boone/Blowing Rock or Hickory. Please note the listing office must be present for showings, and prequalified buyers are required to provide proof of funds or a prequalification letter to the listing agent.

Details

Property type

Single Family Residence

Est. home value

$556,581

Lot size

0.40 acres

Price per sq ft

$223

Year built

1932

Annual property taxes

$5,482.67

HOA

No

Price History

12/04/2024
HighCountry

HighCountry #252812

Listed
$750,000
+114.29%
01/25/2018
HighCountry

HighCountry #204020

Sold
$350,000

Schools & Community

Elementary school: 

Outside of Area

Middle school: 

William Lenoir

High school: 

Hibriten

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

$433,227
Asking price
$750,000
Closing costs (~8% of asking)
-$60,000
Est. remaining loan balance
-$256,773
Cash to seller
$433,227

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

October 2020

Original loan amount

$338,200

Est. remaining balance

$256,773

Interest rate

2.54%

Loan type

New Conventional, 15 year

Seller

William M Graham Jr and June M Graham

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: 12/23/2024 at 5:30 AM

Listing updated: 12/05/2024 at 9:00 AM

Listed by: Barbara Linnville, Premier Sotheby's Int'l Realty Phone #: (828) 295-0776

MLS: HighCountry #252812

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