tomo logo

$585,000

Beds
2
Baths
2.0
sq ft
956

903 Southwest Drive Unit 903, Davidson, NC 28036

903 Southwest Drive Unit 903

Davidson, NC 28036

  • 35 days on market
    • Price drop $25,000↓
    • Open house Nov 09
Experience luxury Lake Norman living at its finest in the Southpoint complex's top-floor end unit. Unmatched lake views from every angle, enhanced by the abundant natural light. The open concept design includes high vaulted ceilings, built-ins, a wine cooler, & a beautifully tiled fireplace. The modern kitchen is equipped with Shaker-style cabinets, marble countertops, & stainless steel appliances. Fully furnished with luxury items like three TVs, a king-sized bed, a glass table, and all artwork, ensuring a turnkey living experience. This property represents a lucrative investment opportunity with strong rental demand generating $3,500+ a month over the last 2.5 years. Amenities include exclusive lakefront pool access, options for leasing a boat slip, and game courts, along with walking trails. Its location is within walking distance to the North Harbour Club and close proximity to everything that Davidson has to offer. Don’t miss your chance to call this waterfront paradise home!

Details

Property type

Condominium

Est. home value

$456,212

Lot size

Unknown

Price per sq ft

$612

Year built

1988

Monthly HOA fee

$306

Price History

11/06/2024
CanopyMLS

CanopyMLS #4188812

Price change
$585,000
-4.1%
10/18/2024
CanopyMLS

CanopyMLS #4188812

Price change
$610,000
-2.4%
10/08/2024
CanopyMLS

CanopyMLS #4188812

Listed
$625,000
+107.64%

Schools & Community

Elementary school: 

Davidson K-8

Middle school: 

Bailey

High school: 

William Amos Hough

Community features: 

Sidewalks, Street Lights

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

$276,898
Asking price
$585,000
Closing costs (~8% of asking)
-$46,800
Est. remaining loan balance
-$261,302
Cash to seller
$276,898

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

Seller’s Loan History

Lender

First Farmers Bank & Trust

Loan start date

June 2020

Original loan amount

$288,000

Est. remaining balance

$261,302

Interest rate

3.31%

Loan type

New Conventional, 30 year

Seller

Brandi Flittner and Cole Flittner

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: 11/08/2024 at 10:45 AM

Listing updated: 11/07/2024 at 7:39 PM

Listed by: Sandy McAlpine, RE/MAX EXECUTIVE Phone #: (704) 815-3200

MLS: CanopyMLS #4188812

CanopyMLS logo

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