tomo logo

$425,000

Beds
4
Baths
2.0
sq ft
2,741

529 North Us 25-70 Highway, Hot Springs, NC 28743

529 North Us 25-70 Highway

Hot Springs, NC 28743

  • 173 days on market
    • Price drop $50,000↓
Invest in downtown Hot Springs! This versatile home features a spacious open floor plan with a high-ceiling living room, an open kitchen, three cozy bedrooms, and two extra rooms that can be easily converted into additional bedrooms or a home office. Downstairs you will find a separate one bedroom Airbnb with its own entrance, parking, and kitchenette offering a fantastic income opportunity. But that's not all! The property also includes a separate 256 sq. ft. studio, a detached 519 sq. ft. two-car garage with an attached single-car carport, and a screened-in gazebo. Recent updates ensure modern comfort and efficiency and include a new roof and gutter system, tankless water heater, Rinnai heating, kitchen appliances, French drain, a fully updated bathroom, and a new wood-burning stove. This home is very close to adventures on the French Broad River and access to the Appalachian Trail. Virtual tour available to see for yourself the endless possibilities this home has to offer.

Details

Property type

Single Family Residence

Est. home value

$375,802

Lot size

Unknown

Price per sq ft

$156

Year built

1983

Price History

10/07/2024
CanopyMLS

CanopyMLS #4156994

Listed
$425,000
10/06/2024
CanopyMLS

CanopyMLS #4156994

Removed
$425,000
09/17/2024
CanopyMLS

CanopyMLS #4156994

Price change
$425,000
-10.53%

Schools & Community

Elementary school: 

Hot Springs

Middle school: 

Madison

High school: 

Madison

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

$170,896
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$220,104
Cash to seller
$170,896

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

April 2021

Original loan amount

$239,105

Est. remaining balance

$220,104

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Ryan L Baill and Jessica Sydney Perraud

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 7:30 AM

Listing updated: 10/07/2024 at 1:31 PM

Listed by: Lena D'Giulia, EXP Realty LLC Phone #: (888) 584-9431

MLS: CanopyMLS #4156994

CanopyMLS logo

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