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$259,900

Beds
4
Baths
2.5
sq ft
2,000

616 Faith Road, Salisbury, NC 28146

616 Faith Road

Salisbury, NC 28146

  • 73 days on market
    • Price drop $5,100↓
MOTIVATED SELLER! Newly installed HVAC system. This 4 BD 2.5 BA home is situated on approximately .64 acres. Conveniently located to shopping, restaurants and entertainment. Approximately 2 miles from the beautiful Bell Tower Green Park located in Downtown Salisbury. Hop right on I-85 for commuting to larger cities. This spacious home offers a primary suite on the main level with 3 additional bedrooms and full bath on the upper level. Fenced in back yard. HVAC unit August 2024. Roof less than 5 years old per seller. Circle drive for easy access. Large garage with additional shop/storage area.

Details

Property type

Single Family Residence

Est. home value

$264,958

Lot size

Unknown

Price per sq ft

$130

Year built

1947

Price History

09/18/2024
CanopyMLS

CanopyMLS #4158327

Price change
$259,900
-1.92%
08/30/2024
CanopyMLS

CanopyMLS #4158327

Price change
$265,000
-3.64%
08/27/2024
CanopyMLS

CanopyMLS #4158327

Price change
$275,000
-5.14%

Schools & Community

Elementary school: 

Granite Quarry

Middle school: 

C.C. Erwin

High school: 

East Rowan

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

$163,938
Asking price
$259,900
Closing costs (~8% of asking)
-$20,792
Est. remaining loan balance
-$75,170
Cash to seller
$163,938

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

October 2004

Original loan amount

$140,000

Est. remaining balance

$75,170

Interest rate

5.81%

Loan type

Not Provided, 30 year

Seller

Maximus Ordonez

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: 09/19/2024 at 5:35 PM

Listing updated: 09/18/2024 at 2:34 PM

Listed by: John Walser, Home Realty and Mortgage LLC Phone #: (704) 633-2900

MLS: CanopyMLS #4158327

CanopyMLS logo

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