tomo logo

$439,900

Beds
3
Baths
2.5
sq ft
1,546

62 Fernwood Ln, Chapel Hill, NC 27516

62 Fernwood Ln

Chapel Hill, NC 27516

  • 20 days on market
Come and cozy up to this prime 3 bedroom 2.5 bath townhome with Multiple Skylights and Wood Burning Fireplace. 62 Fernwood is located minutes from downtown Chapel Hill with bus stops walking distance from the property. The kitchen has granite countertops, stainless steel appliances and an inviting breakfast nook! The first floor has gorgeous hardwood floors while the upstairs boast Luxury Vinyl Planks. Village West amenities include a community pool, tennis, and basketball. Umstead park is minutes from the townhome and has a playground, walking trails, basketball courts, and several beach volleyball courts! Road is private and maintained by the HOA. Please see associated documents Owner currently uses property as a rental. Buyer is to confirm with the Town of Chapel Hill any town ordinances pertaining to Short Term Rentals.

Details

Property type

Townhouse

Est. home value

$355,833

Lot size

Unknown

Price per sq ft

$285

Year built

1978

Annual property taxes

$3,808.49

Monthly HOA fee

$300

Price History

10/15/2024
TriangleMLS

TriangleMLS #10058298

Listed
$439,900
+233.26%
06/04/2001
TriangleMLS

TriangleMLS #589255

Sold
$132,000
+9.54%
05/22/1998
TriangleMLS

TriangleMLS #473768

Sold
$120,500

Schools & Community

Elementary school: 

CH/Carrboro - Northside

Middle school: 

CH/Carrboro - Smith

High school: 

CH/Carrboro - Chapel Hill

Community features: 

Pool, Tennis Court(s)

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

$216,768
Asking price
$439,900
Closing costs (~8% of asking)
-$35,192
Est. remaining loan balance
-$187,940
Cash to seller
$216,768

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

Seller’s Loan History

Lender

Royal United Mortgage Llc

Loan start date

July 2022

Original loan amount

$194,500

Est. remaining balance

$187,940

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Jennifer M Bell

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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416 Dairy Glen Road, Chapel Hill, NC 27516

Status: Active

Tomo last checked: 11/05/2024 at 7:35 AM

Listing updated: 10/20/2024 at 1:45 PM

Listed by: Adam Stiffler, Carolina Realty of Chapel Hill Phone #: (919) 967-6408

MLS: TriangleMLS #10058298

TriangleMLS logo

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