tomo logo

$410,000

Beds
4
Baths
2.5
sq ft
1,947

5723 Wallace Cabin Drive, Charlotte, NC 28212

5723 Wallace Cabin Drive

Charlotte, NC 28212

  • Pending
    • Price drop $2,500↓
Stunning 2023 new construction 4 bedroom single family home located between Uptown Charlotte, Matthews and Mint Hill. Open floorplan featuring 9 foot ceilings and luxurious finishes such as granite countertops, white shaker cabinetry with soft close doors and dovetail drawers, subway tiled backsplash, and pendant lighting. Loaded with upgrades including luxury vinyl plank flooring throughout, Pella windows and doors, stainless steel appliances including side by side fridge, and black hardware/plumbing fixtures. Primary suite offers huge walk in closet and ensuite bath with shower & dual vanity. Complete with 2 car garage, a covered rear patio overlooking flat back yard with a brand new fence. Superb connectivity to Uptown and I-485 via Albemarle Road and Independence Blvd. Don’t miss out on this one!

Details

Property type

Single Family Residence

Est. home value

$401,861

Lot size

Unknown

Price per sq ft

$211

Year built

2023

Monthly HOA fee

$15

Price History

02/20/2025
CanopyMLS

CanopyMLS #4201329

Pending
$410,000
02/13/2025
CanopyMLS

CanopyMLS #4201329

Price change
$410,000
-0.61%
01/30/2025
CanopyMLS

CanopyMLS #4201329

Price change
$412,500
-0.6%

Schools & Community

Neighborhood: 

Farm Pond

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

-$6,008
Asking price
$410,000
Closing costs (~8% of asking)
-$32,800
Est. remaining loan balance
-$383,208
Cash to seller
-$6,008

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

Seller’s Loan History

Lender

American Security Mortgage Corp

Loan start date

November 2023

Original loan amount

$388,000

Est. remaining balance

$383,208

Interest rate

7.19%

Loan type

New Conventional, 30 year

Seller

Patrick Thompson and Brianna Farley

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: Pending/Under Contract

Tomo last checked: 02/22/2025 at 10:30 PM

Listing updated: 02/20/2025 at 5:24 PM

Listed by: Jonathan Diianni, COMPASS Phone #: (704) 234-7880

MLS: CanopyMLS #4201329

CanopyMLS logo

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