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$379,000

Beds
3
Baths
2.5
sq ft
2,299

806 Colonial Drive, Burlington, NC 27215

806 Colonial Drive

Burlington, NC 27215

  • 95 days on market
    • Price drop $5,900↓
Located in the heart of beautiful and convenient West Burlington, this charming Cape Cod exudes timeless elegance and modern comfort. Boasting 3 bedrooms and 2.5 baths with an additional flex room, this meticulously maintained home offers a den with fireplace, spacious living room, dining room, and a bright breakfast room providing a delightful start to your day and perfect for casual dining. The upper level with 3 beds and 2 baths features a great layout with a bonus and versatile office/study, ideal for remote work or creative pursuits. Outside, a sprawling, fenced-in yard with a newer storage building complements the beautifully landscaped exterior space. Entertain or unwind on the gorgeous deck, perfect for enjoying the serene views and outdoor gatherings. Recent upgrades include a new downstairs Central Air-cooling system and electrical panel. Take the opportunity to experience firsthand the charm and convenience of this adorable colonial Cape Code gem.

Details

Property type

Single Family Residence

Est. home value

$378,286

Lot size

0.35 acres

Price per sq ft

$165

Year built

1981

Annual property taxes

$2,854

Price History

09/07/2024
TriangleMLS

TriangleMLS #10038956

Price change
$379,000
-1.53%
08/22/2024
TriangleMLS

TriangleMLS #10038956

Pending
$384,900
07/29/2024
TriangleMLS

TriangleMLS #10038956

Price change
$384,900
-1.05%

Schools & Community

Elementary school: 

Alamance - Marvin B Smith

Middle school: 

Alamance - Turrentine

High school: 

Alamance - Walter Williams

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

$151,373
Asking price
$379,000
Closing costs (~8% of asking)
-$30,320
Est. remaining loan balance
-$197,307
Cash to seller
$151,373

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

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

April 2020

Original loan amount

$217,000

Est. remaining balance

$197,307

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Michael C Vicary and Banner Burleson Vicary

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: 10/05/2024 at 10:40 PM

Listing updated: 09/27/2024 at 9:29 AM

Listed by: Kristy Smith, Allen Tate/Burlington Phone #: (336) 227-3666

MLS: TriangleMLS #10038956

TriangleMLS logo

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