tomo logo

$375,000

Beds
3
Baths
2.5
sq ft
2,014

506 Farm House Lane, Durham, NC 27703

506 Farm House Lane

Durham, NC 27703

  • 29 days on market
    • Price drop $4,900↓
NEW PRICE! Gorgeous, well cared for home, located in the convenient subdivision of Ganyard Farm. This home provides great living spaces and nice flexible spaces, for various uses. There are three spacious bedrooms Plus a large loft. NEW Interior Paint, NEW Carpet, NEW Wood Laminate flooring, NEW Blinds, Lots of natural light and GREAT STORAGE. Well appointed kitchen has stainless steel appliances, range with double ovens, kitchen island with storage, granite countertops, and a huge pantry. Dining area is adjacent to the kitchen and has space for a large table. Bright family room is partially open to the kitchen and dining area. First floor laundry room. There is a bedroom on the main floor with a very large walk in closet. Owner's suite is nicely sized with a huge walk in closet, Owner's bath has double sinks, soaking tub and separate shower. Upstairs also has the third bedroom, another full bathroom, and a spacious loft. 2 car garage is fitted with a high voltage outlet for charging an electric vehicle. Beautifully landscaped front yard. Backyard is fully fenced, providing privacy and a great space for relaxing, playing, gardening, or entertaining. REFREGERATOR, WASHER, AND DRYER CONVEY!

Details

Property type

Single Family Residence

Est. home value

$357,861

Lot size

5,227.2 sq ft

Price per sq ft

$187

Year built

2009

Annual property taxes

$2,429.41

HOA fee

$231

Price History

10/31/2024
TriangleMLS

TriangleMLS #10057418

Price change
$375,000
-1.29%
10/25/2024
TriangleMLS

TriangleMLS #10057418

Price change
$379,900
-0.81%
10/10/2024
TriangleMLS

TriangleMLS #10057418

Listed
$383,000
+123.98%

Schools & Community

Elementary school: 

Durham - Oakgrove

Middle school: 

Durham - Neal

High school: 

Durham - Southern

Community features: 

Playground

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

$222,764
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$122,236
Cash to seller
$222,764

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

March 2016

Original loan amount

$150,000

Est. remaining balance

$122,236

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Katherine Rose Baker and Dustin Baker

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: 11/08/2024 at 8:20 PM

Listing updated: 10/31/2024 at 11:00 AM

Listed by: Geannie Kinlaw, Keystone Properties Phone #: (919) 612-5503

MLS: TriangleMLS #10057418

TriangleMLS logo

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