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$475,000

Beds
5
Baths
1.5
sq ft
2,346

735 5th Avenue West, Hendersonville, NC 28739

735 5th Avenue West

Hendersonville, NC 28739

  • 116 days on market
    • Price drop $24,000↓
RARE OPPORTUNITY WITH PRIME LOCATION TO DOWNTOWN HENDERSONVILLE!!! It isn't every day that a property on 5th Ave West is available for purchase, even more rare that the property can be used as commercial or converted back to residential. This traditional style home has all the charm you would expect in a building over 100 years old situated on ~0.21 acres. Current use is commercial featuring front foyer, multiple offices, two conference rooms, break room/kitchen area, printing/storage room, and bathrooms on both levels. The rooms could easily be converted back to residential w/ bedrooms, living room, dining room, kitchen, etc. Plenty of parking space and level. Parking on the front and back of the building. Plumbing and electrical mostly updated. City water, city sewer and natural gas. 2 new HVAC units installed summer 2020. The possibilities are endless on this unique property in a highly visible and convenient location minutes from dowtown. Ask agent for Pre-listing home inspection.

Details

Property type

Single Family Residence

Lot size

Unknown

Price per sq ft

$203

Year built

1890

Price History

09/19/2024
CanopyMLS

CanopyMLS #4155885

Listed
$475,000
08/29/2024
CanopyMLS

CanopyMLS #4155885

Pending
$475,000
08/09/2024
CanopyMLS

CanopyMLS #4155885

Price change
$475,000
-4.81%

Schools & Community

Elementary school: 

Bruce Drysdale

Middle school: 

Hendersonville

High school: 

Hendersonville

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

$396,979
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$40,021
Cash to seller
$396,979

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

Seller’s Loan History

Lender

Wachovia Bank Na

Loan start date

February 2006

Original loan amount

$50,000

Est. remaining balance

$40,021

Interest rate

6.21%

Loan type

New Conventional, 40 year

Seller

Jennifer Elizabeth Murrey and Carlton Wright Murrey

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: 11/04/2024 at 3:55 PM

Listing updated: 09/19/2024 at 12:14 PM

Listed by: Michael Blum, Keller Williams Mtn Partners, LLC Phone #: (828) 290-1000

MLS: CanopyMLS #4155885

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