tomo logo

$299,000

Beds
2
Baths
1.0
sq ft
1,082

724 Gales Avenue, Winston Salem, NC 27103

724 Gales Avenue

Winston Salem, NC 27103

  • 45 days on market
Introducing the MOST CHARMING ARDMORE COTTAGE, boasting a warm, cozy and comfortable atmosphere. Lovingly renovated, the home features an efficient use of space throughout, tons of storage nooks, wood floors, plantation blinds, built-in shelves, and a living room with a gas fireplace. The dream kitchen includes a center island, custom cabinetry, a farm sink, and a vintage-inspired refrigerator, as well as a cozy breakfast nook. Additionally, its convenient location places it between two excellent medical centers, downtown Winston-Salem and excellent dining and shopping options. Don’t miss this excellent opportunity!

Details

Property type

Single Family Residence

Est. home value

$211,803

Lot size

3,920 sq ft

Price per sq ft

$277

Year built

1929

Annual property taxes

$1,782

Price History

06/21/2024
TriadMLS

TriadMLS #1142982

Listed
$299,000
05/29/2024
TriadMLS

TriadMLS #1142982

Pending
$299,000
05/20/2024
TriadMLS

TriadMLS #1142982

Listed
$299,000
+264.63%

Schools & Community

Neighborhood: 

Ardmore

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$213,027
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$62,053
Cash to seller
$213,027

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

Seller’s Loan History

Lender

James C Monroe Jr Etux

Loan start date

September 2015

Original loan amount

$75,791

Est. remaining balance

$62,053

Interest rate

3.98%

Loan type

Not Provided, 30 year

Seller

Lee Chappell Monroe

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: 07/04/2024 at 10:10 PM

Listing updated: 07/02/2024 at 4:25 PM

Listed by: Cindy Rosenberg, Berkshire Hathaway HomeServices Carolinas Realty Phone #: (336) 768-3300

MLS: TriadMLS #1142982

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