tomo logo

$2,750,000

Beds
5
Baths
4.5
sq ft
5,877

1001 Welch Lane, Raleigh, NC 27614

1001 Welch Lane

Raleigh, NC 27614

  • 51 days on market
This exceptional home in a private GATED community was built with the utmost attention to design, detail, and function on a private 1.85-acre oasis. With its newly-installed and site-finished red oak flooring, exquisite millwork, timeless finishes, and decorative ceilings, you can entertain with ease in the open flow of the formal dining room, the beautifully-appointed kitchen/breakfast room and living room where an abundance of natural light streams in from the bow windows. The living room also features a shiplap ceiling with beams and custom cabinetry and shelving flanking a gas fireplace with floor-to-ceiling stone surround. The thoughtfully-designed kitchen boasts custom cabinetry, quartz countertops, high-end Thermador appliances, an enormous Electrolux refrigerator/freezer, and a generous center island with ample seating. Add to that the butler's pantry, with wet bar and wine fridge, and you have the perfect gathering space for family and friends. Also on the main level is a study and a guest suite adjoined seamlessly with its own private living space that could serve beautifully for in-laws or aging parents. On the second floor you'll find a fabulous owner's retreat including a large sitting room with a beautiful stone accent wall and gas fireplace, a luxurious spa bath featuring a walk-in shower, elegant tub, an expansive double vanity, heated floors, and a huge walk-in closet with custom built-in shelving, dressers, and full-length mirror. The abundance of function continues with three more spacious bedrooms each with an ensuite bath, a fitness room, and a game room. Outside there is also much to enjoy. Dine under the spacious covered porch with gas fireplace, watch your favorite show or catch a game under the lower-level covered patio with wood-burning fireplace, or relax around the fire pit or on the sprawling stone patio surrounding the heated, salt-water pool and spa. The home also includes an outdoor kitchen and a 3-car garage with epoxy flooring as well as cabinets and slatwall panels for great organization. You must see this gorgeous home to fully appreciate all it has to offer.

Details

Property type

Single Family Residence

Est. home value

$2,124,803

Lot size

1.85 acres

Price per sq ft

$468

Year built

2016

Annual property taxes

$11,498.45

Monthly HOA fee

$175

Price History

10/01/2024
TriangleMLS

TriangleMLS #10055754

Listed
$2,750,000
+139.08%
03/30/2017
TriangleMLS

TriangleMLS #2085229

Sold
$1,150,247

Schools & Community

Elementary school: 

Wake - Brassfield

Middle school: 

Wake - East Millbrook

High school: 

Wake - Millbrook

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Citizens Bank & Trust Co

Loan start date

January 2022

Original loan amount

$1,283,500

Est. remaining balance

Not provided

Interest rate

3.11%

Loan type

Not Provided

Seller

Michael Lane Brennan and Kimberly Paige Brennan

Lender

First Citizens Bank & Trust Co

Loan start date

June 2019

Original loan amount

$1,125,000

Est. remaining balance

Not provided

Interest rate

3.62%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Michael Lane Brennan and Kimberly Paige Brennan

Lender

First Citizens Bank & Trust Co

Loan start date

June 2019

Original loan amount

$74,000

Est. remaining balance

Not provided

Interest rate

3.63%

Loan type

Commercial

Seller

Michael Lane Brennan and Kimberly Paige Brennan

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 11:45 AM

Listing updated: 10/30/2024 at 7:00 PM

Listed by: Sheri Hagerty, Hodge & Kittrell Sotheby's Int Phone #: (919) 876-7411

MLS: TriangleMLS #10055754

TriangleMLS logo

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