tomo logo

$598,000

Beds
4
Baths
3.0
sq ft
2,609

517 Cottage Lane, Southern Pines, NC 28387

517 Cottage Lane

Southern Pines, NC 28387

  • 5 days on market
Lock and leave lifestyle! Beautiful golf front home at the Meadows Cottages at Longleaf County Club. This home has many recent updates, including a gourmet kitchen with custom cabinets, Kitchen-Aid pro series appliances, 5-burner gas cooktop, wall convection oven + combo microwave/oven, warming drawer, and Miele built-in coffee maker. Newer master bath with Kohler fixtures is a wall-to-wall wet room with handicap accessible shower, and soaking tub with heated air jets. The open-concept floor plan has a vaulted great room with gas log fireplace, which is open to the second floor and a vaulted Carolina room with great views of the golf course. Luxurious first floor master suite with trayed ceiling. Guest bedroom with ensuite on main level with two additional bedrooms and bath on the second floor along with a loft, flex/media room and walk-in floored storage. Laundry room has a sink, pantry and cabinets. Natural gas hot water. Newer light fixtures. Note there is extra/guest parking directly across the street. The current owner finished storage space into a flex/media room.

Details

Property type

Condominium

Est. home value

$481,940

Lot size

Unknown

Price per sq ft

$230

Year built

2011

Annual property taxes

$2,977

HOA fee

$4,020

Price History

10/01/2024
NorthCarolinaRegional

NorthCarolinaRegional #100468747

Listed
$598,000
08/17/2024
NorthCarolinaRegional

NorthCarolinaRegional #100450917

Removed
$598,000
07/27/2024
NorthCarolinaRegional

NorthCarolinaRegional #100450917

Pending
$598,000

Schools & Community

Elementary school: 

McDeeds Creek Elementary

Middle school: 

Crain's Creek Middle

High school: 

Pinecrest

High school district: 

Moore County 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

$267,799
Asking price
$598,000
Closing costs (~8% of asking)
-$47,840
Est. remaining loan balance
-$282,361
Cash to seller
$267,799

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 2019

Original loan amount

$313,500

Est. remaining balance

$282,361

Interest rate

4.55%

Loan type

New Conventional, 30 year

Seller

Robert A Harold and Barbara C Harold

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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House

610 West Maine Avenue, Southern Pines, NC 28387

Status: Active

Tomo last checked: 10/06/2024 at 2:30 AM

Listing updated: 10/01/2024 at 2:53 PM

Listed by: Tammy O Lyne, Keller Williams Pinehurst Phone #: (910) 603-5300

MLS: NorthCarolinaRegional #100468747

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Recently listed in Southern Pines