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$286,452Estimated home value

Beds
3
Baths
2.0
sq ft
2,219

8 Arbor Drive, Lexington, NC 27292

8 Arbor Drive

Lexington, NC 27292

  • Sold On 9/4/2024
    • Price drop $25,000↓
Charming & spacious 3 bedroom, 2 bath brick ranch home conveniently located near I85 in a quaint, well established neighborhood. You'll proudly enter this spacious home into a stately foyer and continue to an oversized living/dining combo featuring hardwood floors, a large bay window and a cozy fireplace. Enjoy new, easy-care vinyl plank flooring in the kitchen & den/breakfast area with a 2nd fireplace. The kitchen boasts tons of cabinet and counter space for all your culinary needs. The bonus sunroom/flex room & full unfinished basement offer endless possibilities. The basement has both an interior and exterior entrances. Situated on 1.25 acres, the fully fenced massive backyard boasts a gazebo perfect for entertaining. There is a 2-car garage plus extra concreted areas for parking. There is a crack in the basement wall and home needs some TLC, priced accordingly. Property is being sold as is.

Details

Property type

Single Family Residence

Est. home value

$286,452

Lot size

Unknown

Price per sq ft

$102

Year built

1956

Price History

09/03/2024
CanopyMLS

CanopyMLS #4119968

Sold
$230,000
+2.22%
08/05/2024
CanopyMLS

CanopyMLS #4119968

Pending
$225,000
07/24/2024
CanopyMLS

CanopyMLS #4119968

Price change
$225,000
-10%

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

$101,905
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$105,095
Cash to seller
$101,905

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

November 2019

Original loan amount

$127,900

Est. remaining balance

$105,095

Interest rate

3.73%

Loan type

New Conventional, 20 year

Seller

Beyra C Gamez and Francisco O Gutorrez Rodriguez

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: Off Market

Tomo last checked: 10/05/2024 at 9:05 PM

Listing updated: 09/04/2024 at 12:46 PM

Listed by: Robin Saine, Main Realty LLC Phone #: (704) 469-6246

MLS: CanopyMLS #4119968

CanopyMLS logo

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