tomo logo

$530,000

Beds
3
Baths
2.5
sq ft
1,447

1014 Tipton Street, Raleigh, NC 27610

1014 Tipton Street

Raleigh, NC 27610

  • 116 days on market
This modern urban townhome, constructed in 2022 and conveniently located near Downtown Raleigh, presents an enticing opportunity. Nestled close to the historic Chavis Park, it offers a blend of contemporary living with proximity to the city's vibrant center. Boasting three bedrooms, this townhome features a remarkable rooftop deck providing panoramic views of Raleigh's evolving skyline. With large windows and lofty 10-foot ceilings, natural light floods the interior spaces, creating an inviting atmosphere. The modern light fixtures accentuate the sleek design, while engineered hardwood floors throughout the living areas add warmth and elegance. The kitchen serves as a focal point, featuring a stylish tile backsplash, a spacious island, and stainless steel appliances—all included with the property. The versatility of the first-floor bedroom allows for various uses, whether as a guest suite or a convenient home office space. Additionally, the community-run homeowners association permits short-term rentals, offering potential for additional income streams. This townhome presents an exceptional opportunity to relish the proximity to downtown Raleigh while also benefiting from the area's ongoing revitalization. With its modern amenities, stunning rooftop deck, and strategic location, it promises a lifestyle of convenience and urban sophistication. HOA PERMITS SHORT TERM RENTALS Purchase may qualify for $5,000 credit from lender.

Details

Property type

Townhouse

Est. home value

$527,028

Lot size

1,306.8 sq ft

Price per sq ft

$367

Year built

2022

Annual property taxes

$3,734

Monthly HOA fee

$185

Price History

03/13/2024
TriangleMLS

TriangleMLS #10016872

Listed
$530,000
+7.07%
08/23/2022
TriangleMLS

TriangleMLS #2426718

Sold
$495,000
+560%
11/18/2016
TriangleMLS

TriangleMLS #2082945

Sold
$75,000

Schools & Community

Neighborhood: 

South Central

Elementary school: 

Wake - Hunter

Middle school: 

Wake - Ligon

High school: 

Wake - Enloe

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

$101,255
Asking price
$530,000
Closing costs (~8% of asking)
-$42,400
Est. remaining loan balance
-$386,345
Cash to seller
$101,255

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2022

Original loan amount

$396,000

Est. remaining balance

$386,345

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Ana Oropeza and Abraham Vargas Garcia

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 6:00 PM

Listing updated: 05/07/2024 at 6:44 AM

Listed by: Melanie B Jones, Hodge & Kittrell Sotheby's Int Phone #: (919) 876-7411

MLS: TriangleMLS #10016872

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