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$440,000

Beds
3
Baths
2.0
sq ft
2,452

5517 Labrador Drive, Hope Mills, NC 28348

5517 Labrador Drive

Hope Mills, NC 28348

  • 4 days on market
Beautiful custom built home in thew highly sought after Cypress Lakes Golf Community and Grays Creek School District. Three bedrooms down with a bonus upstairs which serves as a 4th bedroom. Since purchasing, the sellers have made updates: new kitchen sink, granite countertops, ceiling fans, attractive cast iron air registers, added exterior electrical receptacle, painted a some of the rooms, new garage light fixture & additional backyard landscaping. HVAC for bonus room was replaced 4 years ago and the main floor unit is only 7 years old. Exterior was freshly painted in 2023. New vapor barrier added in 2021. Roof was installed in 2016. Gorgeous backyard includes a large screened porch, patio with pergola, 12x12 and 12x8 storage sheds, and swing. From the front porch you get a clear view of the lake across the road. Conveniently located near HWY 87 and I-95.

Details

Property type

Single Family Residence

Est. home value

$393,266

Lot size

Unknown

Price per sq ft

$180

Year built

1997

HOA

No

Price History

03/07/2025
LongleafPine

LongleafPine #739921

Listed
$440,000
+8.64%
06/01/2023
TriangleMLS

TriangleMLS #LP699978

Sold
$405,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Grays Creek Middle School

High school: 

Grays Creek Senior High

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Lumbee Guaranty Bank

Loan start date

June 2023

Original loan amount

$40,000

Est. remaining balance

Not provided

Interest rate

5.71%

Loan type

Credit Line (Revolving), 15 year

Seller

Terry Anthony Powell

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: 03/12/2025 at 12:05 AM

Listing updated: 03/07/2025 at 9:38 AM

Listed by: JULISSA JUMPER, SELECT PROPERTIES OF FAYETTEVILLE Phone #: (910) 797-5533

MLS: LongleafPine #739921

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