tomo logo

$569,000

Beds
5
Baths
3.0
sq ft
2,894

1021 Traditions Meadow Drive, Wake Forest, NC 27587

1021 Traditions Meadow Drive

Wake Forest, NC 27587

  • 2 days on market
Recent upgrades include new hardware flooring throughout the home, fresh paint on the interior and exterior, and a fantastic family floor plan with four bedrooms and a loft upstairs, as well as a guest bedroom on the main floor. The desirable location offers quick access to downtown historic Wake Forest, shopping, restaurants, and outdoor recreation opportunities including the Wake Forest Reservoir , hiking trails, and biking paths.

Details

Property type

Single Family Residence

Est. home value

$542,623

Lot size

7,840.8 sq ft

Price per sq ft

$197

Year built

2013

Annual property taxes

$5,206.53

Monthly HOA fee

$80.67

Price History

03/01/2025
TriangleMLS

TriangleMLS #10079418

Listed
$569,000
-3.4%
01/28/2025
TriangleMLS

TriangleMLS #10052127

Removed
$589,000
11/06/2024
TriangleMLS

TriangleMLS #10052127

Price change
$589,000
-1.67%

Schools & Community

Elementary school: 

Wake - Richland Creek

Middle school: 

Wake - Wake Forest

High school: 

Wake - Wake Forest

Community features: 

Pool

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

$295,870
Asking price
$569,000
Closing costs (~8% of asking)
-$45,520
Est. remaining loan balance
-$227,610
Cash to seller
$295,870

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

March 2017

Original loan amount

$270,000

Est. remaining balance

$227,610

Interest rate

4.17%

Loan type

New Conventional, 30 year

Seller

Bnlin Lin and Meixia Huang

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?

Status: Active

Tomo last checked: 03/04/2025 at 3:15 AM

Listing updated: 03/01/2025 at 1:30 PM

Listed by: Cindy Phifer, Allen Tate/Wake Forest Phone #: (919) 453-5700

MLS: TriangleMLS #10079418

TriangleMLS logo

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