tomo logo

$482,000

Beds
2
Baths
2.0
sq ft
944

944 Southwest Drive, Davidson, NC 28036

944 Southwest Drive

Davidson, NC 28036

  • 38 days on market
    • Price drop $18,000↓
!!PRICE REDUCTION!! Welcome to lakefront living in Davidson Landing at Lake Norman’s sought-after Southpoint Community. Do not miss your opportunity to enjoy the BEST lake views and stunning sunsets from this cute waterfront, 2 bedroom, 2 full bath condo! Upgrades include bathroom remodels, new refrigerator, crown moldings, and more. Additionally, the roofing for the complex was replaced within the last 4 years. Outdoor activities abound with a community dock, lakeside pool, tennis courts, pickleball courts, and walking trails. If you enjoy kayaking and/or paddleboarding, storage is available with walk-in access right into the lake! The community at Southpoint boasts comradery with community potlucks and live music at the pool for Holidays. Whether dining in or out, there are multiple shopping, restaurant, and pub options right around the corner. Welcome to your oasis of simplicity with a vacation lifestyle in a wonderful Davidson community!

Details

Property type

Condominium

Est. home value

$433,059

Lot size

Unknown

Price per sq ft

$511

Year built

1988

Monthly HOA fee

$287

Price History

07/02/2024
CanopyMLS

CanopyMLS #4145573

Price change
$482,000
-3.6%
05/30/2024
CanopyMLS

CanopyMLS #4145573

Listed
$500,000
+74.28%
09/04/2020
CanopyMLS

CanopyMLS #3642828

Sold
$286,900

Schools & Community

Elementary school: 

Davidson K-8

Middle school: 

Davidson K-8

High school: 

William Amos Hough

Community features: 

Sidewalks, Street Lights, Tennis Court(s)

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

$193,725
Asking price
$482,000
Closing costs (~8% of asking)
-$38,560
Est. remaining loan balance
-$249,715
Cash to seller
$193,725

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

Seller’s Loan History

Lender

Newrez Llc

Loan start date

September 2020

Original loan amount

$272,555

Est. remaining balance

$249,715

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Deressa Prater and Michael Borgstrom

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: 07/07/2024 at 6:40 PM

Listing updated: 07/03/2024 at 10:13 AM

Listed by: Chelsea Hill, Southern Charm Realty & Retreats INC Phone #: (704) 340-2022

MLS: CanopyMLS #4145573

CanopyMLS logo

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