tomo logo

$368,000

Beds
3
Baths
2.0
sq ft
1,688

517 Patrick Road, Bahama, NC 27503

517 Patrick Road

Bahama, NC 27503

  • 50 days on market
    • Price drop $7,000↓
Welcome to this charming Cape Cod home featuring three bedrooms and two bathrooms, set on nearly an acre of land. With brand-new LVP flooring on the first floor and fresh paint inside and out, this home is ready for you to move in! The sellers have conducted a home inspection and addressed most recommendations for a smooth transition to the new owners. On the first floor, you'll find an enjoyable family room, an eat-in kitchen, bedroom, and a full bath. The second floor offers two additional bedrooms and another full bath. Step outside to the updated, spacious deck, perfect for enjoying the tranquility of your beautiful backyard. All appliances will remain, including a new microwave that will be installed soon. Additionally, the seller is offering $5,000 towards closing costs or buyer assistance. Don't miss out on this wonderful opportunity!

Details

Property type

Single Family Residence

Est. home value

$355,879

Lot size

0.93 acres

Price per sq ft

$219

Year built

1985

Annual property taxes

$2,000.67

Price History

12/02/2024
TriangleMLS

TriangleMLS #10061464

Price change
$368,000
-1.87%
11/02/2024
TriangleMLS

TriangleMLS #10061464

Listed
$375,000
+82.93%
10/13/2016
TriangleMLS

TriangleMLS #2086409

Sold
$205,000
+26.54%

Schools & Community

Elementary school: 

Durham - Mangum

Middle school: 

Durham - Carrington

High school: 

Durham - Northern

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

$175,482
Asking price
$368,000
Closing costs (~8% of asking)
-$29,440
Est. remaining loan balance
-$163,078
Cash to seller
$175,482

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

Seller’s Loan History

Lender

Geneva Financial

Loan start date

October 2016

Original loan amount

$198,850

Est. remaining balance

$163,078

Interest rate

3.43%

Loan type

New Conventional, 30 year

Seller

Nian Chen

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: 12/23/2024 at 5:20 AM

Listing updated: 12/18/2024 at 1:55 PM

Listed by: Phillip DeMuth, Keller Williams Realty Phone #: (919) 676-0600

MLS: TriangleMLS #10061464

TriangleMLS logo

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