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$429,000

Beds
2
Baths
2.5
sq ft
1,285

523 South Front Street, Wilmington, NC 28401

523 South Front Street

Wilmington, NC 28401

  • 51 days on market
    • Price drop $20,000↓
Welcome to 523 S Front. This back half of a duplex is a unique yet charming find in the downtown historic district. Just a block away from Live at Teds and a dew blocks from Waterline Brewing. Featuring 2 bedrooms and 2.5 baths, this townhome faces the rear of the property overlooking the rear courtyard. This well appointed unit has hardwood floors, a fireplace, updated kitchen with granite, solid wood cabinetry and a pantry. Upstairs is the laundry, and the 2 bedrooms, each with their own full bathroom and walk in closets. All appliances including washer, dryer and refrigerator convey. 523 S Front is perfectly packaged with 2 dedicated off street parking spaces. Updated home with historic charm yet built in 1987, conveniently located downtown. Whether you walk bike or drive you have everything downtown living was meant to be. Home has been a well maintained rental and could be convey partially or fully furnished with acceptable offer. Has been used as a short-term and mid-term and midterm rental since 2021.

Details

Property type

Single Family Residence

Est. home value

$479,637

Lot size

1,699 sq ft

Price per sq ft

$334

Year built

1987

HOA fee

$1,500

Price History

07/02/2024
NorthCarolinaRegional

NorthCarolinaRegional #100445220

Listed
$429,000
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100445220

Removed
$429,000
05/17/2024
NorthCarolinaRegional

NorthCarolinaRegional #100445220

Listed
$429,000
+38.39%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$165,548
Asking price
$429,000
Closing costs (~8% of asking)
-$34,320
Est. remaining loan balance
-$229,132
Cash to seller
$165,548

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

Seller’s Loan History

Lender

Fifth Third Bank Na

Loan start date

February 2021

Original loan amount

$248,000

Est. remaining balance

$229,132

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Roger L Rossetti and Marcela L Rossetti

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: 07/07/2024 at 6:05 PM

Listing updated: 07/01/2024 at 9:29 PM

Listed by: Ed H Wagenseller, Keller Williams Innovate-Wilmington Phone #: (910) 777-2200

MLS: NorthCarolinaRegional #100445220

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