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$164,900

Beds
3
Baths
1.0
sq ft
1,100

502 Monroe Street, Shelby, NC 28150

502 Monroe Street

Shelby, NC 28150

  • 8 days on market
Welcome to 502 Monroe St, Shelby, NC 28150—a 3-bedroom, 1-bathroom home offering 1,100 sq. ft. of living space on a 0.28-acre lot. With a solid structure and an HVAC system replaced in 2020, this home is move-in ready but offers an excellent opportunity for cosmetic updates to make it truly shine. The spacious lot provides room for outdoor activities, gardening, or future enhancements. Located in a convenient Shelby neighborhood, this home is just minutes from shopping, dining, and local amenities.

Details

Property type

Single Family Residence

Est. home value

$175,567

Lot size

Unknown

Price per sq ft

$150

Year built

1972

Price History

03/27/2025
CanopyMLS

CanopyMLS #4240036

Listed
$164,900
+50.05%
04/27/2020
CanopyMLS

CanopyMLS #3576858

Sold
$109,900

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

$52,165
Asking price
$164,900
Closing costs (~8% of asking)
-$13,192
Est. remaining loan balance
-$99,543
Cash to seller
$52,165

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 Inc

Loan start date

April 2020

Original loan amount

$111,010

Est. remaining balance

$99,543

Interest rate

3.36%

Loan type

New Conventional, 30 year

Seller

Linda Steele

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?

Status: Active

Tomo last checked: 04/05/2025 at 12:20 AM

Listing updated: 03/28/2025 at 5:06 AM

Listed by: Andrea Ochoa, Collective Realty LLC Phone #: (704) 705-8008

MLS: CanopyMLS #4240036

CanopyMLS logo

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