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$290,000

Beds
3
Baths
2.0
sq ft
1,507

502 Cherry Street, Belmont, NC 28012

502 Cherry Street

Belmont, NC 28012

  • 69 days on market
    • Price drop $4,000↓
Welcome to this charming 3-bedroom ranch nestled on a spacious lot, offering the perfect combination of comfort and convenience. With large rooms and an open floorplan, this home is ideal for both everyday living and entertaining. The bright and airy living areas flow seamlessly, creating a welcoming atmosphere. Enjoy outdoor relaxation or gatherings in the fenced backyard, providing a private retreat for you and your loved ones. Don’t miss the opportunity to make this home yours—schedule a tour today!

Details

Property type

Single Family Residence

Est. home value

$324,763

Lot size

Unknown

Price per sq ft

$193

Year built

1962

Price History

04/03/2025
CanopyMLS

CanopyMLS #4218374

Price change
$290,000
-1.36%
03/06/2025
CanopyMLS

CanopyMLS #4218374

Price change
$294,000
-2%
02/13/2025
CanopyMLS

CanopyMLS #4218374

Price change
$300,000
-0.99%

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$122,092
Asking price
$290,000
Closing costs (~8% of asking)
-$23,200
Est. remaining loan balance
-$144,708
Cash to seller
$122,092

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

$144,708

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: 04/10/2025 at 9:50 PM

Listing updated: 04/08/2025 at 1:35 PM

Listed by: Lisa Belk, Mark Spain Real Estate Phone #: (704) 992-7000

MLS: CanopyMLS #4218374

CanopyMLS logo

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