tomo logo

$410,000

Beds
2
Baths
2.5
sq ft
1,551

505 New Street, New Bern, NC 28560

505 New Street

New Bern, NC 28560

  • 63 days on market
    • Price drop $15,000↓
Welcome to this charming historic home in Downtown New Bern. This beautiful residence features 2 bedrooms and 2 1/2 bathrooms. The covered front porch exudes historic southern charm, inviting you into a cozy living room off the front foyer, complete with a beautiful gas fireplace. Step through to the formal dining room, which is warm and inviting with its own fireplace. The kitchen is a highlight of this amazing home, designed for chefs with plenty of counter space and a stunning natural gas range. The downstairs also includes a laundry closet and a half bath adorned with beautiful wallpaper. As you head upstairs, you'll appreciate the beautifully refinished hardwood floors throughout the home. At the top of the stairs is a full bathroom and a generously sized bedroom and a very large walk-in closet. At the other end of the hallway, you'll find the second full bath and another spacious bedroom. Located right in the heart of downtown New Bern, this home is close to restaurants and all the vibrant community has to offer. Don't miss the opportunity to own a piece of history in this thriving area!

Details

Property type

Single Family Residence

Est. home value

$378,408

Lot size

2,178 sq ft

Price per sq ft

$265

Year built

1904

Annual property taxes

$2,496.43

Price History

08/06/2024
NorthCarolinaRegional

NorthCarolinaRegional #100456686

Price change
$410,000
-3.53%
07/19/2024
NorthCarolinaRegional

NorthCarolinaRegional #100456686

Listed
$425,000
+27.7%
08/17/2022
NorthCarolinaRegional

NorthCarolinaRegional #100333989

Sold
$332,800
+49.57%

Schools & Community

Elementary school: 

Brinson

Middle school: 

Grover C.Fields

High school: 

Unknown

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

$182,782
Asking price
$410,000
Closing costs (~8% of asking)
-$32,800
Est. remaining loan balance
-$194,418
Cash to seller
$182,782

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

Seller’s Loan History

Lender

Affiliated Mortgage Services

Loan start date

August 2022

Original loan amount

$200,000

Est. remaining balance

$194,418

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Sandra H Smith

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?

Similar Homes Nearby

Price drop
NorthCarolinaRegional
$385,000
2 bd
|
1.5 ba
|
1,720 sq ft
|
House

1811 Spencer Avenue, New Bern, NC 28560

Price drop
NorthCarolinaRegional
$399,900
2 bd
|
2 ba
|
1,566 sq ft
|
Condo

313 Middle Street Unit D, New Bern, NC 28560

NorthCarolinaRegional
$372,000
3 bd
|
2.5 ba
|
1,960 sq ft
|
House

2334 Brices Creek Road, New Bern, NC 28562

Status: Active

Tomo last checked: 09/19/2024 at 10:35 PM

Listing updated: 08/06/2024 at 7:39 PM

Listed by: Scott Allenspach, Keller Williams Realty Phone #: (252) 637-2010

MLS: NorthCarolinaRegional #100456686

NorthCarolinaRegional logo

Recently listed in New Bern

$439,211|3 bd|3.0 ba|House
$475,000|3 bd|2.5 ba|House
$282,500|4 bd|2.0 ba|House
$260,000|3 bd|2.0 ba|House
$227,300|2 bd|1.0 ba|House
$218,900|3 bd|2.0 ba|House