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$320,000

Beds
3
Baths
2.0
sq ft
1,843

501 Old Cypress Drive, Winston Salem, NC 27127

501 Old Cypress Drive

Winston-Salem, NC 27127

  • Pending
Offer Deadline, Saturday 12/21 at 6:00 pm - Well maintained one level single family home located in Davidson County with lower taxes and in the Oak Grove school district. You are met by a rocking chair front porch and one very small step into the home. Wide entryway leads into an open concept living space. Fireplace for cozy evenings. Dedicated dining room and also a breakfast area, granite counters with new microwave and spacious pantry, large laundry room, split bedroom floor plan offers privacy and a place to unwind. Extra shelving added to all bedroom closets for ample storage space. Oversized backyard patio in the backyard and sprawling, sloped fenced in back yard. Two generous new wired storage buildings with lifetime warranties. Large garage has removable ramp if help is needed to access home . HVAC serviced November 2024. All of this offered in a friendly, quiet neighborhood with no HOA fees

Details

Property type

Single Family Residence

Est. home value

$299,350

Lot size

0.43 acres

Price per sq ft

$174

Year built

2014

Annual property taxes

$1,497.51

Price History

12/22/2024
TriadMLS

TriadMLS #1164856

Pending
$320,000
12/19/2024
TriadMLS

TriadMLS #1164856

Listed
$320,000
+6.67%
10/26/2023
TriadMLS

TriadMLS #1118313

Sold
$300,000
+59.57%

Schools & Community

Elementary school: 

Friedberg

Middle school: 

Oak Grove

High school: 

Oak Grove

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

$176,751
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$117,649
Cash to seller
$176,751

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

July 2014

Original loan amount

$149,944

Est. remaining balance

$117,649

Interest rate

4.2%

Loan type

New Conventional, 30 year

Seller

Christine M Evans

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: Pending/Under Contract

Tomo last checked: 12/22/2024 at 9:40 PM

Listing updated: 12/21/2024 at 8:41 PM

Listed by: Angela Tomes, NorthGroup Real Estate Phone #: (704) 412-2804

MLS: TriadMLS #1164856

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