tomo logo

$625,000

Beds
3
Baths
2.5
sq ft
3,094

701 South Fifth Street, Mebane, NC 27302

701 South Fifth Street

Mebane, NC 27302

  • 5 days on market
Step into history with modern charm! This beautifully renovated 1930s home in the heart of downtown Mebane's historic district offers timeless character with contemporary upgrades. Just steps from local shops, dining, and entertainment—don't miss your chance to own a piece of history! This home boasts 3 bedrooms and 2.5 baths, the oversized Owner's Suite is conveniently located on the main level. Original hardwoods throughout, double Living Room with fireplace, completely renovated Kitchen with custom made cabinets, Quartz counter tops, large farmhouse sink, gold fixtures, ALL NEW Cafe appliances & beautiful range hood. Formal dining room, breakfast nook with fireplace, two guest bedrooms upstairs with open loft area and fully renovated bathroom. This home sits on half an acre, spacious fenced in backyard with outdoor entertainment area and shed for extra storage!

Details

Property type

Single Family Residence

Est. home value

$501,424

Lot size

0.52 acres

Price per sq ft

$203

Year built

1932

Annual property taxes

$4,536

Price History

02/21/2025
TriangleMLS

TriangleMLS #10077257

Listed
$625,000
+24.88%
06/07/2021
TriangleMLS

TriangleMLS #2377774

Sold
$500,500
+112.98%
09/04/2003
TriangleMLS

TriangleMLS #39531

Sold
$235,000

Schools & Community

Elementary school: 

Alamance - S Mebane

Middle school: 

Alamance - Woodlawn

High school: 

Alamance - Eastern Alamance

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

$240,148
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$334,852
Cash to seller
$240,148

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

Seller’s Loan History

Lender

Citizens Bank Na

Loan start date

June 2021

Original loan amount

$364,000

Est. remaining balance

$334,852

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Allison Louise Tate and Pascal Franziskus Werner

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?

Status: Active

Tomo last checked: 02/23/2025 at 9:40 PM

Listing updated: 02/23/2025 at 5:11 AM

Listed by: Kaila Pettigrew Phillips, eXp Realty, LLC #2 Phone #: (888) 584-9431

MLS: TriangleMLS #10077257

TriangleMLS logo

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