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$877,083Estimated home value

Beds
5
Baths
5.0
sq ft
7,152

802 South Main Street, Reidsville, NC 27320

802 South Main Street

Reidsville, NC 27320

  • Sold On 8/15/2024
    • Price drop $50,000↓
Splendid historic gem, built in 1909, spanning 7000+ sqft on nearly 3 acres. Meticulously restored, it blends modern elegance with its timeless charm. Grand wraparound porch leads to stunning entryway. Inside, 12-ft ceilings, custom trim, beautiful hardwood floors and 9 custom fireplaces await. Main level offers spacious rooms, formal dining, and bedroom with en suite bath. Gourmet kitchen with oversized island, coffered ceiling, custom cabinetry, 3 sinks, Thermador induction cooktop, double oven, two dishwashers and pot filler. Mahogany staircase winds around Tiffany-style stained glass feature to second-level landing. Primary suite has renovated bath, heated tile floors, walk-in shower, dual vanity w/ quartz countertops. Two of three 2nd level bedrooms feature en suite baths. Huge third floor flex space. Unfinished basement w/ workshop, exercise room & storage area. New electrical, updated plumbing, high SEER HVAC, tankless water heater. Full feature list attached. See agent remarks.

Details

Property type

Single Family Residence

Est. home value

$877,083

Lot size

2.96 acres

Price per sq ft

$112

Year built

1909

Annual property taxes

$6,012

Price History

08/14/2024
TriadMLS

TriadMLS #1115920

Sold
$737,000
-7.3%
07/16/2024
TriadMLS

TriadMLS #1115920

Pending
$795,000
05/28/2024
TriadMLS

TriadMLS #1115920

Price change
$795,000
-5.92%

Schools & Community

Elementary school: 

South End

Middle school: 

Reidsville

High school: 

Reidsville

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

$437,972
Asking price
$795,000
Closing costs (~8% of asking)
-$63,600
Est. remaining loan balance
-$293,428
Cash to seller
$437,972

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

Seller’s Loan History

Lender

Cogent Bank

Loan start date

March 2019

Original loan amount

$420,000

Est. remaining balance

$293,428

Interest rate

3.88%

Loan type

New Conventional, 15 year

Seller

Ryan Bobbitt Sanford and Christie Ann Sanford

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 10:45 PM

Listing updated: 08/15/2024 at 8:45 PM

Listed by: Matt Ingram, Real Broker LLC Phone #: (678) 634-2169

MLS: TriadMLS #1115920

TriadMLS logo

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