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$320,000

Beds
2
Baths
1.0
sq ft
720

905 Carbon City Road, Morganton, NC 28655

905 Carbon City Road

Morganton, NC 28655

    • Price drop $69,000↓
Price Cut!! Opportunity and potential cash-flow await with this 2 bedroom, 1 bath, 720 hsf short-term vacation rental along with growing and retail greenhouse and garden in Morganton NC! Sitting between Historic Morganton and the quaint town of Glen-Alpine on US 70/Carbon City Rd is this long-standing converted garden shop into a turn-key, with décor and furnishings, successful short-term vacation rental along with a growing and retail greenhouse/garden. Healthy cash flow is in place with around 85% occupancy rate on the vacation rental. The greenhouse has been recently recovered with new plastic and includes a retractable rear panel that can be opened for expanded opportunities. Additional income could potentially be produced with an existing RV site with electric, water and sewer hook-ups. AND/OR host parties and small events in the beautiful rear pond and waterfall area of the property! See it soon before it's too late!

Details

Property type

Single Family Residence

Est. home value

$199,256

Lot size

1.38 acres

Price per sq ft

$445

Year built

1900

HOA

No

Price History

04/04/2024
CanopyMLS

CanopyMLS #3926389

Removed
$320,000
01/31/2024
CanopyMLS

CanopyMLS #3926389

Listed
$320,000
01/02/2024
CanopyMLS

CanopyMLS #3926389

Listed
$320,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Community features: 

None

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

$184,269
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$110,131
Cash to seller
$184,269

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

Seller’s Loan History

Lender

Atlantic Bay Mortgage Group Llc

Loan start date

December 2020

Original loan amount

$120,700

Est. remaining balance

$110,131

Interest rate

2.84%

Loan type

New Conventional, 30 year

Seller

David W Crossan and Rebecca Crossan

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: 12/23/2024 at 7:00 AM

Listing updated: 06/21/2024 at 1:43 PM

Listed by: Allen Curtis, C Shane Cook & Associates Phone #: (828) 437-7400

MLS: CanopyMLS #3926389

CanopyMLS logo

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