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$200,000

Beds
2
Baths
1.0
sq ft
1,030

700 Berwyn Avenue, Durham, NC 27704

700 Berwyn Avenue

Durham, NC 27704

  • 28 days on market
    • Price drop $20,000↓
GREAT OPPORTUNITY AWAITS!!! This 2 bedroom 1 bath ranch home located near downtown Durham has a little something for everyone! With the already easy flow living space options you also have an additional bonus area upstairs which offers endless possibilities of use. Perfect for investors or first time home buyers that don't mind a few fixes here and there to make this house a home! *There are 2 separate lots located directly behind property (MLS#10060167 and MLS#10060168) that can be sold separately or in combination with this parcel. Total .89 lot potential if all 3 lots purchased. Each has separate access off of Berwyn Ave. Note combined plat map in documents.

Details

Property type

Single Family Residence

Lot size

6,534 sq ft

Price per sq ft

$195

Year built

1950

Annual property taxes

$1,237.04

Price History

10/30/2024
TriangleMLS

TriangleMLS #10060164

Price change
$200,000
-9.09%
10/25/2024
TriangleMLS

TriangleMLS #10060164

Listed
$220,000

Schools & Community

Elementary school: 

Durham - Holt

Middle school: 

Durham - Carrington

High school: 

Durham - Northern

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

$161,312
Asking price
$200,000
Closing costs (~8% of asking)
-$16,000
Est. remaining loan balance
-$22,688
Cash to seller
$161,312

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 Home Mortgage Corp

Loan start date

January 2005

Original loan amount

$42,000

Est. remaining balance

$22,688

Interest rate

5.81%

Loan type

Not Provided, 30 year

Seller

Lansing B Mcclain and Doris D Mcclain

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: 11/23/2024 at 10:35 AM

Listing updated: 10/30/2024 at 7:01 PM

Listed by: Angela Yvette Hill, DASH Carolina Phone #: (984) 205-2279

MLS: TriangleMLS #10060164

TriangleMLS logo

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