tomo logo

$165,000

Beds
2
Baths
1.0
sq ft
1,545

5951 North Nc 62 Highway, Burlington, NC 27217

5951 North Nc 62 Highway

Burlington, NC 27217

  • 12 days on market
    • Price drop $37,000↓
This charming home is situated on a private 1-acre lot, offering a peaceful and spacious setting just a short distance from shopping and amenities. While the property requires some repairs, it presents a fantastic opportunity to make it your own and add value. The home features 2 cozy bedrooms and 1 bathroom, with an additional bonus area that could easily be transformed into a third bedroom or used as a home office, gym, or extra living space. The home boasts a functional floor plan with plenty of potential to modernize or renovate, allowing you to create a space that fits your unique style. Outside, you'll find a detached 2-car garage, providing ample storage and parking space. The large lot offers privacy, room for outdoor activities, and endless possibilities for landscaping, gardening, or future expansion. With its convenient location near shopping, dining, and other amenities, this property combines the tranquility of rural living with easy access to city conveniences. Perfect for those looking for a fixer-upper with plenty of upside potential! Seller has never lived in the home. Home has no power. Seller to make no repairs

Details

Property type

Single Family Residence

Est. home value

$243,564

Property condition

Fixer

Lot size

1.0 acres

Price per sq ft

$107

Year built

1951

Annual property taxes

$938.55

Price History

12/18/2024
TriangleMLS

TriangleMLS #10066685

Price change
$165,000
-18.32%
12/10/2024
TriangleMLS

TriangleMLS #10066685

Listed
$202,000
+56.71%
01/04/2019
TriangleMLS

TriangleMLS #101718

Sold
$128,900
+14.58%

Schools & Community

Elementary school: 

Alamance - Pleasant Grove

Middle school: 

Alamance - Woodlawn

High school: 

Alamance - Eastern Alamance

Community features: 

None

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

North State Bank

Loan start date

January 2019

Original loan amount

$125,033

Est. remaining balance

Not provided

Interest rate

4.94%

Loan type

New Conventional

Seller

Brandon Sean Gaddy

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?

Similar Homes Nearby

Price drop
TriangleMLS
$164,900
2 bd
|
1 ba
|
1,352 sq ft
|
House

376 Gunn Poole Road, Mebane, NC 27302

Price drop
TriadMLS
$185,000
3 bd
|
1 ba
|
1,051 sq ft
|
House

1704 Glenn Street, Burlington, NC 27217

Price drop
TriangleMLS
$155,000
3 bd
|
1 ba
|
1,300 sq ft
|
House

216 North Logan Street, Burlington, NC 27217

Status: Active

Tomo last checked: 12/23/2024 at 5:55 AM

Listing updated: 12/18/2024 at 1:56 PM

Listed by: Bobbie K Boghosian, RE/MAX One Hundred Phone #: (919) 296-1002

MLS: TriangleMLS #10066685

TriangleMLS logo

Recently listed in Burlington