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$272,500

Beds
2
Baths
2.0
sq ft
1,116

541 Mahanes Rd, Gordonsville, VA 22942

541 Mahanes Rd

GORDONSVILLE, VA 22942

  • 53 days on market
    • Price drop $17,500↓
***PRICE IMPROVEMENT*** This property is offering endless possibilities for those with a creative vision. Bring your ideas and turn this charming cottage into a cozy heaven. There is a block structure, w/no roof, perfect for workshop or storage. With a little TLC, this home could transform into a beautiful unique homestead. Home is on 1.560 acres (Lot A) and a 5.116 acre (Lot B) parcel located behind home that is separated by abandoned railroad tracks. Don't miss this opportunity to craft a one-of-a-kind sanctuary on the spacious 5.116 acre lot! Live on Lot A to build on Lot B. Located within a short drive to nearby shops and dining.

Details

Property type

Single Family Residence

Est. home value

$245,741

Lot size

6.68 acres

Price per sq ft

$245

Year built

1940

Annual property taxes

$920.16

HOA

No

Price History

12/14/2024
Bright

Bright #658328

Price change
$272,500
-6.03%
12/03/2024
Bright

Bright #658328

Listed
$290,000
11/06/2024
Bright

Bright #658328

Pending
$290,000

Schools & Community

Elementary school: 

TREVILIANS

Middle school: 

LOUISA

High school: 

LOUISA

School district: 

LOUISA COUNTY PUBLIC SCHOOLS

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

$74,085
Asking price
$272,500
Closing costs (~8% of asking)
-$21,800
Est. remaining loan balance
-$176,615
Cash to seller
$74,085

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

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

January 2021

Original loan amount

$193,903

Est. remaining balance

$176,615

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Nolan De Four and Courtney De Four

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: Active

Tomo last checked: 12/21/2024 at 8:55 PM

Listing updated: 12/15/2024 at 2:14 PM

Listed by: TAMMY KUMER, Phone #: (703) 330-2222

MLS: Bright #658328

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