tomo logo

$499,500

Beds
2
Baths
2.0
sq ft
1,474

515 East Indiana Avenue, Southern Pines, NC 28387

515 East Indiana Avenue

Southern Pines, NC 28387

  • 4 days on market
Escape to this delightful 2+ bedroom, 2-bath cottage, tucked away just minutes from the charming boutiques and restaurants of downtown Southern Pines. Originally built in 1948, this home has been carefully updated while preserving its timeless character. Step inside to discover a spacious kitchen, ideal for entertaining, featuring granite countertops, stainless steel appliances, and plenty of cabinet space. The open floor plan invites gatherings and cozy nights in, blending original details seamlessly with modern conveniences, giving you the best of both worlds. Looking for extra room? The unfinished basement offers ample storage opportunities. The detached garage/workshop provides even more versatility—perfect as a home gym, art studio, tool shed, or he/she shed. Outside, the fenced backyard includes a patio and firepit, creating the ideal setting for relaxing evenings under the stars or entertaining friends and family. This charming cottage is a true gem—don't miss your chance to see it! Currently operating successfully as a monthly VRBO/rental. Furnishings are negotiable or available for purchase along with the home, depending on the offer.

Details

Property type

Single Family Residence

Est. home value

$416,652

Lot size

7,841 sq ft

Price per sq ft

$339

Year built

1946

Annual property taxes

$2,152.84

HOA

No

Price History

04/04/2025
NorthCarolinaRegional

NorthCarolinaRegional #100499199

Listed
$499,500
+11.02%
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100443714

Removed
$449,900
-3.25%
06/05/2024
NorthCarolinaRegional

NorthCarolinaRegional #100443714

Sold
$465,000
+3.36%

Schools & Community

Elementary school: 

Southern Pines Elementary

Middle school: 

Crain's Creek Middle

High school: 

Pinecrest High

High school district: 

Moore County Schools

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Spring Eq Llc

Loan start date

February 2022

Original loan amount

$82,000

Est. remaining balance

Not provided

Interest rate

2.45%

Loan type

Credit Line (Revolving), 30 year

Seller

Scott Kavan

Lender

Quicken Loans Llc

Loan start date

March 2021

Original loan amount

$297,913

Est. remaining balance

$270,446

Interest rate

2.79%

Loan type

VA, 30 year

Seller

Scott A Kavan

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: 04/09/2025 at 7:40 AM

Listing updated: 04/04/2025 at 5:21 PM

Listed by: Abraham Saldana Jr., Keller Williams Pinehurst Phone #: (407) 902-9561

MLS: NorthCarolinaRegional #100499199

NorthCarolinaRegional logo