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$499,000

Beds
4
Baths
3.5
sq ft
2,280

5141 New Line Rd, Gum Spring, VA 23065

5141 New Line Rd

GUM SPRING, VA 23065

  • 13 days on market
    • Price drop $21,000↓
MOTIVATED SELLER! Welcome to 5141 New Line on 7 acres of privacy and lots of space! Located only 20 minutes from Short Pump and 35 minutes from Downtown Richmond. This stunning ranch style home offers one level living. Home was renovated approximately 4 years ago. Beautiful, spacious front porch, Updated windows and doors, kitchen with large island that seats 5, stainless steel appliances, garbage disposal, new microwave, large pantry with shelving, inviting front porch for lots of seating, 2 mud rooms, large laundry room, primary bedroom with separate bath, second bedroom also with separate bath, Security system, Detached 4 car garage with 3 garage doors, one on side and two on front, Shed, 40x40 established garden area, Rear deck to enjoy your favorite beverage in tranquil setting; Newer AC, New well pump, septic alarm, insulated crawl space, attic with pull down stairs, gas fireplace. Circular driveway. Plenty of storage. Ceiling fans. Note there is an additional as-is well on front lot that seller has no knowledge of condition and makes no warranty on it. This home truly is a must see and the description is just an intro to seeing what you could call home!

Details

Property type

Single Family Residence

Est. home value

$452,701

Lot size

7.01 acres

Price per sq ft

$219

Year built

1988

Annual property taxes

$2,534

HOA

No

Price History

11/05/2024
Bright

Bright #VALA2006748

Price change
$499,000
-4.04%
10/30/2024
Bright

Bright #VALA2006748

Price change
$520,000
-0.95%
10/28/2024
Bright

Bright #VALA2006748

Removed
$525,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

LOUISA COUNTY PUBLIC SCHOOLS

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

$143,520
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$315,560
Cash to seller
$143,520

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

Seller’s Loan History

Lender

Pentagon Fcu

Loan start date

January 2022

Original loan amount

$335,000

Est. remaining balance

$315,560

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Wendy Ann Cunningham and Derek E Cunningham

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: 11/08/2024 at 8:50 AM

Listing updated: 11/05/2024 at 9:09 AM

Listed by: Roben Moran, Samson Properties Phone #: (540) 681-1500

MLS: Bright #VALA2006748

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