tomo logo

$587,500

Beds
4
Baths
2.5
sq ft
3,136

5205 Longwood Drive, Durham, NC 27713

5205 Longwood Drive

Durham, NC 27713

  • 38 days on market
Lovely home in convenient Hope Valley Farms subdivision. Over 3000 sq ft with plenty of flex space to meet your family's needs. Priced at under $200/sq ft. Hardwoods throughout. Eat-in kitchen with granite counters, stainless appliances. Bright, relaxing sunroom with double-sided fireplace and skylights. Deck and firepit for indoor/outdoor living. Completing main level are FDR,LR, den, and 2 flex rooms (office/guest space/playroom?). 3 BR + MBR upstairs (HW floors in all), along with bonus room. Large private backyard. Wonderful community near walking trails, YMCA, shopping, and freeways. Seller is a licensed RE professional.

Details

Property type

Single Family Residence

Est. home value

$599,142

Lot size

0.32 acres

Price per sq ft

$188

Year built

1988

Annual property taxes

$4,028.18

Monthly HOA fee

$20

Price History

11/22/2024
TriangleMLS

TriangleMLS #10064613

Listed
$587,500
-0.41%
11/09/2024
TriangleMLS

TriangleMLS #10042292

Removed
$589,900
09/22/2024
TriangleMLS

TriangleMLS #10042292

Price change
$589,900
-1.67%

Schools & Community

Neighborhood: 

Hope Valley Farms

Elementary school: 

Durham - Southwest

Middle school: 

Durham - Githens

High school: 

Durham - Jordan

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

-$19,583
Asking price
$587,500
Closing costs (~8% of asking)
-$47,000
Est. remaining loan balance
-$560,083
Cash to seller
-$19,583

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

Seller’s Loan History

Lender

Equity Resources Inc

Loan start date

June 2023

Original loan amount

$570,000

Est. remaining balance

$560,083

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

Matalaba Napier and Richard Rowell

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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TriangleMLS
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6506 Garrett Road, Durham, NC 27707

Status: Active

Tomo last checked: 12/31/2024 at 4:25 AM

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

Listed by: Monti Napier, Pink Pineapple Realty LLC Phone #: (919) 522-8846

MLS: TriangleMLS #10064613

TriangleMLS logo

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