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$325,000

Beds
3
Baths
2.0
sq ft
1,824

7118 Martin Lake Road, Summerfield, NC 27358

7118 Martin Lake Road

Summerfield, NC 27358

  • 4 days on market
Adorable house offers location, many updates and almost an acre! Roof new in 2020, new vinyl windows, new flooring, refinished hardwoods, granite countertops. The oversize Den/Bonus room even has space for your ping pong table! The wood burning fireplace is the perfect spot for those coming cozy nights. Northern schools, close to 220, easy access to 73 and 840 make this the perfect spot. AND, a new basketball court! Ready to move in. Come and see your new home.

Details

Property type

Single Family Residence

Est. home value

$322,013

Lot size

0.94 acres

Price per sq ft

$179

Year built

1967

Annual property taxes

$2,026.92

Price History

09/13/2024
TriadMLS

TriadMLS #1155404

Listed
$325,000
+42.54%
02/26/2021
TriadMLS

TriadMLS #997462

Sold
$228,000
+42.06%
08/17/2020
TriadMLS

TriadMLS #969408

Sold
$160,500

Schools & Community

Elementary school: 

Summerfield

Middle school: 

Northern

High school: 

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

$209,766
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$89,234
Cash to seller
$209,766

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

Seller’s Loan History

Lender

Carolina Farm Credit Aca

Loan start date

February 2021

Original loan amount

$97,000

Est. remaining balance

$89,234

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Martha G Clark

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: 09/17/2024 at 11:25 PM

Listing updated: 09/15/2024 at 4:17 AM

Listed by: Becky Mills, Allen Tate Oak Ridge Commons Phone #: (336) 644-1238

MLS: TriadMLS #1155404

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