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$385,000

Beds
4
Baths
3.5
sq ft
2,331

912 Spring Garden Street, Greensboro, NC 27403

912 Spring Garden Street

Greensboro, NC 27403

  • 20 days on market
Investor Opportunity! Prime Rental Property Close to UNCG - This spacious 4-bedroom, 3.5-bath home offers an excellent investment opportunity in the College Hill Historic district near UNCG. Generating $2,200 in monthly rental income, this property is currently leased by four tenants, with potential to increase cash flow by converting an existing space into a 5th bedroom. Convenient off-street parking and on-site laundry facilities add to the appeal for tenants. Located just minutes from campus, public transit, and local amenities. SHowings require a 48 hour notice: pre-approval or proof of funds required. This home may qualify for a historical tax credit.

Details

Property type

Single Family Residence

Est. home value

$373,038

Lot size

5,227 sq ft

Price per sq ft

$166

Year built

1905

Annual property taxes

$3,555

Price History

11/01/2024
TriadMLS

TriadMLS #1161673

Listed
$385,000
+49.51%
03/23/2021
TriadMLS

TriadMLS #995389

Sold
$257,500
+39.19%
05/30/2014
TriadMLS

TriadMLS #702834

Sold
$185,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$125,170
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$229,030
Cash to seller
$125,170

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

March 2021

Original loan amount

$249,775

Est. remaining balance

$229,030

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Miguel Antonio Carrillo Baerga

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: 11/22/2024 at 12:15 AM

Listing updated: 11/08/2024 at 5:28 PM

Listed by: Kyle Tyner, Berkshire Hathaway HomeServices Yost & Little Realty Phone #: (336) 272-0151

MLS: TriadMLS #1161673

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