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$2,400,000

Beds
4
Baths
3.5
sq ft
3,895

526 Lorimer Road, Davidson, NC 28036

526 Lorimer Road

Davidson, NC 28036

  • Coming soon
This historic Dutch-Colonial Revival home was completed May 1929 by George Watts, a professor at Davidson College. The property was beautifully restored and expanded in 2016, by CM Knight Fine Homes to 3895 sf which includes 4 bedrooms, 3.5 baths, spacious great room with fireplace and a wall of windows! The kitchen is accented with marble counters, walnut top island, Wolfe range, walk-in pantry, built-in pantry cabinets which provide ample storage plus beverage bar for convenience. Natural light engulfs entire home. Private library-study, sunroom and office give added balance to the main living floor. Outdoor stone patio, brick fireplace, quaint garden area with fountain surrounded by mature trees and flowers makes entertaining a pleasure. The detached garage features built-in shelving and flex area. Plans for garage to raise roof for addition bonus/guest suite are available. ***several fixtures do not remain*** Due to recent storms, interior pics delayed*** we love buyer agents***

Details

Property type

Single Family Residence

Est. home value

$1,853,495

Lot size

Unknown

Price per sq ft

$617

Year built

1929

Price History

01/27/2021
CanopyMLS

CanopyMLS #3644500

Sold
$1,490,000
+365.63%
08/08/2014
CanopyMLS

CanopyMLS #3019448

Sold
$320,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$1,251,887
Asking price
$2,400,000
Closing costs (~8% of asking)
-$192,000
Est. remaining loan balance
-$956,113
Cash to seller
$1,251,887

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

January 2021

Original loan amount

$1,043,000

Est. remaining balance

$956,113

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Brian Vaccarino and Joah Brown

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: Coming Soon

Tomo last checked: 09/28/2024 at 11:20 PM

Listing updated: 09/28/2024 at 4:46 PM

Listed by: Terri Mayhew, Southern Homes of the Carolinas, Inc Phone #: (704) 896-2000

MLS: CanopyMLS #4187746

CanopyMLS logo

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