tomo logo

$500,000

Beds
3
Baths
2.5
sq ft
3,796

852 Terrace Drive, Lexington, NC 27295

852 Terrace Drive

Lexington, NC 27295

  • Pending
    • Price drop $10,000↓
New Price Adjustment! PLUS the seller is offering $5,000 in seller-paid concessions with an acceptable offer! Use this towards upgrades or updates to make the home truly your own – whether it’s fresh paint, new floors, or whatever your vision may be! This charming home features 3 bedrooms, 2.5 baths, office space and a spacious finished basement, perfect for a home office, gym, or recreation room. On the main level, enjoy a bright and open living room, a well-equipped kitchen with modern appliances, and a dining area ideal for gatherings. The three bedrooms provide ample space, with the primary bedroom on the main level offering an en-suite bathroom for added privacy and convenience. Step outside to your backyard oasis, where you can relax by the pool or unwind on the large deck area. Located in Meadow Lily, this home is just minutes from local amenities, shops, and restaurants, and only a short drive to Winston-Salem. Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$546,954

Lot size

0.80 acres

Price per sq ft

$132

Year built

1995

Annual property taxes

$2,457.8

HOA

No

Price History

04/03/2025
TriadMLS

TriadMLS #1162841

Pending
$500,000
03/04/2025
TriadMLS

TriadMLS #1162841

Price change
$500,000
-1.96%
01/11/2025
TriadMLS

TriadMLS #1162841

Price change
$510,000
-2.86%

Schools & Community

Elementary school: 

Friedberg

Middle school: 

Oak Grove

High school: 

Oak Grove

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

$181,220
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$278,780
Cash to seller
$181,220

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

Seller’s Loan History

Lender

Primary Residential Mortgage Inc

Loan start date

July 2019

Original loan amount

$314,204

Est. remaining balance

$278,780

Interest rate

3.82%

Loan type

FHA, 30 year

Seller

Andrea Mesa and Grant Lahaie

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?

Similar Homes Nearby

TriadMLS
$470,000
3 bd
|
3 ba
|
2,560 sq ft
|
House

525 David Smith Road, Winston Salem, NC 27127

TriadMLS
$553,064
3 bd
|
3 ba
|
2,716 sq ft
|
House

133 Owl Lane, Winston Salem, NC 27127

TriadMLS
$464,900
3 bd
|
2.5 ba
|
2,265 sq ft
|
House

4624 Orchard Grove Dr, Clemmons, NC 27012

Status: Pending/Under Contract

Tomo last checked: 04/09/2025 at 8:00 AM

Listing updated: 04/03/2025 at 1:11 PM

Listed by: Karmen Quakenbush, RE/MAX Realty Consultants Phone #: (336) 217-9300

MLS: TriadMLS #1162841

TriadMLS logo

Recently listed in Lexington

$280,000|3 bd|2.0 ba|House
$215,000|2 bd|1.0 ba|House
$284,900|3 bd|2.5 ba|House
$239,000|3 bd|2.0 ba|House
$1,375,000|4 bd|3.5 ba|House
$220,000|3 bd|2.0 ba|Manufactured
$389,000|2 bd|2.0 ba|House