tomo logo

$235,000

Beds
3
Baths
1.0
sq ft
1,669

507 South Elm Street, Cherryville, NC 28021

507 South Elm Street

Cherryville, NC 28021

  • 233 days on market
    • Price drop $10,000↓
Welcome to your charming three-bedroom, one-bathroom home nestled in the heart of Cherryville, North Carolina. This quaint residence offers the perfect blend of cozy comfort and modern convenience, making it an ideal haven for anyone seeking a tranquil retreat. Upon entering, you are greeted by a warm and inviting living space which has tons of natural light. Moving into the kitchen, you are greeted with a open concept space which makes this house perfect for entertaining. The three bedrooms offer comfortable accommodations for rest and relaxation. The shared bathroom exudes classic elegance with its clean lines and modern fixtures, creating a serene oasis for daily rejuvenation. Outside, you'll find a spacious backyard, perfect for hosting summer barbecues or enjoying leisurely afternoons in the sunshine. A charming front porch offers a welcoming spot to unwind with a cup of coffee or greet neighbors passing by. Do not miss your chance to own this incredible home!

Details

Property type

Single Family Residence

Est. home value

$240,282

Lot size

Unknown

Price per sq ft

$141

Year built

1924

Price History

12/11/2024
CanopyMLS

CanopyMLS #4136359

Price change
$235,000
-4.08%
12/05/2024
CanopyMLS

CanopyMLS #4136359

Price change
$245,000
-3.92%
12/05/2024
CanopyMLS

CanopyMLS #4136359

Listed
$255,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Community features: 

None

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

$25,149
Asking price
$235,000
Closing costs (~8% of asking)
-$18,800
Est. remaining loan balance
-$191,051
Cash to seller
$25,149

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

Seller’s Loan History

Lender

T2 Financial Llc

Loan start date

July 2023

Original loan amount

$194,000

Est. remaining balance

$191,051

Interest rate

6.79%

Loan type

New Conventional, 30 year

Seller

Andrey Avery and Stacey Stevenson

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
CanopyMLS
$230,000
3 bd
|
1 ba
|
1,386 sq ft
|
House

1012 Linwood Rd, Kings Mountain, NC 28086

Price drop
CanopyMLS
$219,900
3 bd
|
1 ba
|
1,307 sq ft
|
House

210 North Hoyle Street, Cherryville, NC 28021

CanopyMLS
$265,000
3 bd
|
1 ba
|
1,485 sq ft
|
House

1924 Lincolnton Highway, Cherryville, NC 28021

Status: Active

Tomo last checked: 12/24/2024 at 7:15 AM

Listing updated: 12/11/2024 at 2:24 PM

Listed by: Preston Richardson, RE/MAX Select Phone #: (704) 487-7653

MLS: CanopyMLS #4136359

CanopyMLS logo

Recently listed in Cherryville