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$293,000

Beds
3
Baths
2.0
sq ft
1,087

505 Durham Road, Stanley, NC 28164

505 Durham Road

Stanley, NC 28164

  • 5 days on market
ASSUMABLE MORTGAGE with 3.25% interest for qualified buyers!!! This renovated home is just what you have been looking for! New HVAC unit in 2023, new windows in 2022, new tankless water heater in 2023. Other upgrades that have been done in the past four years include: total remodel of both bathrooms, custom kitchen island, luxury vinyl tile, new paint, exterior doors, patio, shed, new plumbing under the home, and crawl space liner. Electrical updates include copallum connectors, updated electrical box, exterior outlets, power for a hot tub, and syncing smoke alarms. You will love the open floorplan, the beautiful kitchen, and the large fenced-in backyard. This home has everything you need, and no HOA!

Details

Property type

Single Family Residence

Est. home value

$262,133

Lot size

Unknown

Price per sq ft

$270

Year built

1973

Price History

09/13/2024
CanopyMLS

CanopyMLS #4182555

Listed
$293,000
+77.58%
08/03/2020
CanopyMLS

CanopyMLS #3624297

Sold
$165,000

Schools & Community

Elementary school: 

Kiser

Middle school: 

Stanley

High school: 

East Gaston

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

$117,493
Asking price
$293,000
Closing costs (~8% of asking)
-$23,440
Est. remaining loan balance
-$152,067
Cash to seller
$117,493

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

August 2020

Original loan amount

$166,666

Est. remaining balance

$152,067

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Danah Al Subagha

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: 09/18/2024 at 12:00 AM

Listing updated: 09/13/2024 at 7:03 PM

Listed by: Cynthia Hughes, ERA Live Moore Phone #: (704) 892-7373

MLS: CanopyMLS #4182555

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