tomo logo

$1,199,999

Beds
3
Baths
2.0
sq ft
2,313

5301 Peden Point Road, Wilmington, NC 28409

5301 Peden Point Road

Wilmington, NC 28409

  • 32 days on market
Discover a prime R15 development opportunity in the heart of Wilmington. This 3.50-acre parcel features a beautifully updated 2300sqft single-family home, ideal as an investment property or primary residence. The one-level home boasts three spacious bedrooms, flooded with natural light, fresh designer paint, and brand-new flooring. Two large living areas provide ample space for relaxation or working from home. The formal dining room, adjacent to the kitchen, is adorned with elegant lighting and new flooring, perfect for entertaining. The open kitchen showcases solid hardwood cabinetry, stainless steel appliances, and a generous breakfast area. Enjoy afternoons on the screened porch or explore the gardens and trail leading to the creek. A new 1200 sqft steel barn, built to withstand winds up to 155 mph, is perfect for horses, boat, and RV storage. Additionally, a separate garage with a lift crane offers ample workspace for auto enthusiasts. Included in the sale is a separate three-acre parcel zoned R15, with an easement in place, suitable for an 8-home site community or building your dream house next to the oak trees. Ask about the available 4000 sqft home plan. Don't miss this exceptional opportunity at 5301 Peden Point Road.

Details

Property type

Single Family Residence

Est. home value

$532,618

Lot size

3.5 acres

Price per sq ft

$519

Year built

1974

Annual property taxes

$1,730

Price History

06/09/2024
NorthCarolinaRegional

NorthCarolinaRegional #100448036

Listed
$1,199,999
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100448036

Removed
$1,199,999
06/03/2024
NorthCarolinaRegional

NorthCarolinaRegional #100448036

Listed
$1,199,999
+9.09%

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

$990,644
Asking price
$1,199,999
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$113,355
Cash to seller
$990,644

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

Seller’s Loan History

Lender

First Bank

Loan start date

August 2014

Original loan amount

$142,400

Est. remaining balance

$113,355

Interest rate

4.15%

Loan type

New Conventional, 30 year

Seller

Michael Howell

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: 07/04/2024 at 11:20 PM

Listing updated: 06/09/2024 at 3:01 AM

Listed by: Tara English Real Estate Group, Berkshire Hathaway HomeServices Carolina Premier Properties Phone #: (910) 256-0021

MLS: NorthCarolinaRegional #100448036

NorthCarolinaRegional logo

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