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$429,900

Beds
3
Baths
3.0
sq ft
2,205

508 Gibson Drive Northwest, Concord, NC 28025

508 Gibson Drive Northwest

Concord, NC 28025

  • 55 days on market
    • Price drop $5,000↓
Full brick home that exudes charm with all of the modern conveniences nestled in the desirable Gibson Village. Step onto its inviting, rocking chair front porch , the essence of southern living. Original hardwood floors are in run throughout most of the home and in pristine condition. The lovely living room welcomes you into this home with a cozy fireplace & tons of natural light. The kitchen features stainless appliances, custom cabinets & tile backsplash that opens to a dining room, currently used as a sitting/music room. The primary is on the 2nd floor with a very large walk in closet (that could easily be converted into a 4th bedroom or office). On a double lot, newly fenced in, with plenty of room for outdoor living. Attached carport, detached garage and workshop with power. Only .25 miles from Gibson Mills with shops, restaurants, breweries and more. Close to downtown Concord and just minutes from I-85. Come see this amazing home today!

Details

Property type

Single Family Residence

Est. home value

$406,750

Lot size

Unknown

Price per sq ft

$195

Year built

1956

Price History

06/19/2024
CanopyMLS

CanopyMLS #4130309

Price change
$429,900
-1.15%
05/17/2024
CanopyMLS

CanopyMLS #4130309

Listed
$434,900
+14.45%
02/10/2022
CanopyMLS

CanopyMLS #3815692

Sold
$380,000

Schools & Community

Neighborhood: 

Gibson Village

Elementary school: 

Beverly Hills

Middle school: 

Concord

High school: 

Concord

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

$106,498
Asking price
$429,900
Closing costs (~8% of asking)
-$34,392
Est. remaining loan balance
-$289,010
Cash to seller
$106,498

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

February 2022

Original loan amount

$304,000

Est. remaining balance

$289,010

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Jennifer N Ivie and Jeffrey Thomas Faulkner

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: 07/07/2024 at 9:00 PM

Listing updated: 07/06/2024 at 10:13 AM

Listed by: Kristen Foxx, Coldwell Banker Realty Phone #: (704) 541-5111

MLS: CanopyMLS #4130309

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