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$650,000

Beds
4
Baths
2.5
sq ft
2,574

7660 Reed Mine Road, Midland, NC 28107

7660 Reed Mine Road

Midland, NC 28107

  • 60 days on market
THIS is the Beautiful Farmhouse you have been waiting for, imagine coming home to your very own 15-acre mini farm made up of 2 partials, with 3 bedrooms upstairs, not including the Large Primary bedroom and bathroom with Large walk in closet and jacuzzi tub. Lots of room throughout including a living room, den/office, large utility/laundry room off of the 2-car garage, and a dining room. Enjoy a Nice cup of coffee in the sunroom listening to the birds chirping in the spring or cozy up by the fireplace in the winter. Beautiful views throughout the property equip with walking/riding trails, Creek Access, almost 2 acres pasture with 3 strand electric fencing, and a shed in the back. Also, as a bonus theres Barn to be finished to your liking, 3 stalls partially finished, 6 walls up currently, Wood left over for 2 more stalls, but if horses are not your cup of tea the possibilities are endless. This home is tucked away for your privacy but conveniently located near all your amenities.

Details

Property type

Single Family Residence

Est. home value

$724,668

Lot size

Unknown

Price per sq ft

$253

Year built

1995

Price History

11/01/2024
CanopyMLS

CanopyMLS #4194008

Listed
$650,000
+11.11%
03/31/2022
CanopyMLS

CanopyMLS #3827194

Sold
$585,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$71,305
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$526,695
Cash to seller
$71,305

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

Seller’s Loan History

Lender

Amerifirst Financial Corp

Loan start date

March 2022

Original loan amount

$555,750

Est. remaining balance

$526,695

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Robin Lynn Stegall and Paul Curtis Perault

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: 12/23/2024 at 9:50 AM

Listing updated: 11/12/2024 at 1:29 PM

Listed by: Brittany Lowder, Lowder Homes Realty LLC Phone #: (704) 960-6902

MLS: CanopyMLS #4194008

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