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$310,000

Beds
3
Baths
2.0
sq ft
1,607

502 Cherry Street, Belmont, NC 28012

502 Cherry Street

Belmont, NC 28012

  • 30 days on market
Discover this charming ranch-style home in the desirable Belmont/Mount Holly area, conveniently close to Belmont Abbey College. This home features an open floor plan with a spacious master bedroom and walk-in closet. This 3 bedroom, 2 bath home offers ample living space with an additional versatile room perfect for an office, playroom, or den. Enjoy the privacy of a fenced backyard, ideal for relaxation and outdoor activities. This could be the perfect home for you!

Details

Property type

Single Family Residence

Est. home value

$324,763

Lot size

Unknown

Price per sq ft

$193

Year built

1962

Price History

06/09/2024
CanopyMLS

CanopyMLS #4147340

Listed
$310,000
+98.72%
03/29/2019
CanopyMLS

CanopyMLS #3472265

Sold
$156,000

Schools & Community

Elementary school: 

Catawba Heights

Middle school: 

Mount Holly

High school: 

South Point (NC)

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

$137,890
Asking price
$310,000
Closing costs (~8% of asking)
-$24,800
Est. remaining loan balance
-$147,310
Cash to seller
$137,890

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

Seller’s Loan History

Lender

Net 1 Funding Corp

Loan start date

February 2020

Original loan amount

$161,000

Est. remaining balance

$147,310

Interest rate

3.74%

Loan type

VA, 30 year

Seller

Michael Schultz

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: 07/07/2024 at 5:55 PM

Listing updated: 06/30/2024 at 3:13 PM

Listed by: Rikki Magwood, ERA Live Moore Phone #: (704) 393-0048

MLS: CanopyMLS #4147340

CanopyMLS logo

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