tomo logo

$395,000

Beds
5
Baths
2.5
sq ft
2,347

701 Cherry Tree Drive, Mebane, NC 27302

701 Cherry Tree Drive

Mebane, NC 27302

  • 63 days on market
    • Price drop $5,000↓
Wonderful 4/5 bedroom home on corner lot in desirable Manorfield is move-in-ready. NO STEPS to walk right inside this beautiful home. Large open kitchen has granite counters, backsplash, lots of cabinet storage, breakfast bar, and eat in area. Step outside into your screened porch and the perfect low maintenance back yard with large deck for entertaining. Hardwoods throughout downstairs and carpet/vinyl plank upstairs. Convenient primary suite on main level with large walk-in closet and double vanity. 5th bedroom could also be a second hang out flex space for gaming/or work from home. Small shed to convey. Don't miss out on this great property.

Details

Property type

Single Family Residence

Est. home value

$392,854

Lot size

5,662.8 sq ft

Price per sq ft

$169

Year built

2016

Annual property taxes

$3,244.57

HOA fee

$125

Price History

08/09/2024
TriangleMLS

TriangleMLS #10041752

Price change
$395,000
-1.25%
07/17/2024
TriangleMLS

TriangleMLS #10041752

Listed
$400,000
+95.03%
06/17/2016
TriangleMLS

TriangleMLS #2051155

Sold
$205,093

Schools & Community

Elementary school: 

Alamance - Garrett

Middle school: 

Alamance - Hawfields

High school: 

Alamance - Southeast Alamance

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

State Employees Cu

Loan start date

October 2023

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

5.87%

Loan type

New Conventional, 30 year

Seller

Daniel C Watson

Lender

North State Bank

Loan start date

June 2015

Original loan amount

$198,940

Est. remaining balance

Not provided

Interest rate

3.68%

Loan type

New Conventional

Seller

Daniel C Watson and Alarie E Watson

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: 09/18/2024 at 8:50 PM

Listing updated: 09/18/2024 at 8:52 AM

Listed by: David Carter, Allen Tate/Burlington Phone #: (336) 227-3666

MLS: TriangleMLS #10041752

TriangleMLS logo

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