tomo logo

$610,000

Beds
2
Baths
2.0
sq ft
1,730

948 Cherokee Road, Charlotte, NC 28207

948 Cherokee Road

Charlotte, NC 28207

  • 111 days on market
    • Price drop $15,000↓
Back on market after buyers terminated due to personal reasons. This is your second chance to acquire a light-filled, gracious condo in the heart of Eastover. Located on the top floor of its area of the building, this comfortable floor plan affords a perfect blend of open living space and privacy. Hardwood floors flow throughout beautifully decorated spaces as large windows offer views of Charlotte's premier neighborhood and a canopy of mature trees. Living is easy and quiet in this steel and concrete building. All kitchen appliances (with the exception of the wall oven) are less than a year old. Multiple closets feature custom shelving and ample storage. A generously sized storage unit with built-in shelving is conveniently located on the same floor. Few condominiums in Charlotte offer this combination of location, parking, a pool and club room, and expansive grounds. HOA dues include Spectrum cable and internet, gas, water, night time security guard, and part-time sited management.

Details

Property type

Condominium

Est. home value

$637,010

Lot size

Unknown

Price per sq ft

$353

Year built

1974

Monthly HOA fee

$750.47

Price History

06/25/2024
CanopyMLS

CanopyMLS #4113746

Price change
$610,000
-2.4%
05/10/2024
CanopyMLS

CanopyMLS #4113746

Listed
$625,000
03/23/2024
CanopyMLS

CanopyMLS #4113746

Pending
$625,000

Schools & Community

Neighborhood: 

Eastover

Elementary school: 

Eastover

Middle school: 

Sedgefield

High school: 

Myers Park

Community features: 

Clubhouse

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

$300,419
Asking price
$610,000
Closing costs (~8% of asking)
-$48,800
Est. remaining loan balance
-$260,781
Cash to seller
$300,419

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

Seller’s Loan History

Lender

South State Bank Na

Loan start date

April 2021

Original loan amount

$280,000

Est. remaining balance

$260,781

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Felipe Gonzalez Edmiston

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: 07/02/2024 at 7:45 PM

Listing updated: 06/25/2024 at 2:53 PM

Listed by: Tom Fisher, Corcoran HM Properties Phone #: (704) 552-9292

MLS: CanopyMLS #4113746

CanopyMLS logo

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