tomo logo

$335,000

Beds
2
Baths
1.5
sq ft
1,000

1035 Nichols Drive, Raleigh, NC 27605

1035 Nichols Drive

Raleigh, NC 27605

  • Pending
    • Price drop $14,000↓
Great Condo in convenient Raleigh Location. Hardwoods throughout Family Room and Separate Dining Room. Kitchen just updated with new flooring, new cabinets, and new counters. Stainless appliances. Two bedrooms and one full bath upstairs. Back patio for relaxing and enjoying the shade. HOA responsible for most exterior repairs and maintenance, including the roof. Water is also included in the HOA dues. Great for primary residence or investment home! This home won't last!

Details

Property type

Condominium

Est. home value

$345,545

Lot size

Unknown

Price per sq ft

$335

Year built

1949

Annual property taxes

$2,295.99

Monthly HOA fee

$375

Price History

10/10/2024
TriangleMLS

TriangleMLS #10010401

Pending
$335,000
09/09/2024
TriangleMLS

TriangleMLS #10010401

Price change
$335,000
-4.01%
07/31/2024
TriangleMLS

TriangleMLS #10010401

Listed
$349,000

Schools & Community

Neighborhood: 

Hillsborough

Elementary school: 

Wake County Schools

Middle school: 

Wake County Schools

High school: 

Wake County Schools

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

$204,281
Asking price
$335,000
Closing costs (~8% of asking)
-$26,800
Est. remaining loan balance
-$103,919
Cash to seller
$204,281

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

Seller’s Loan History

Lender

Joe R Michael Etux

Loan start date

October 2008

Original loan amount

$149,500

Est. remaining balance

$103,919

Interest rate

6.47%

Loan type

Not Provided, 30 year

Seller

Amy L Michael

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?

Similar Homes Nearby

Price drop
TriangleMLS
$325,000
2 bd
|
1.5 ba
|
996 sq ft
|
Condo

1032 Nichols Drive, Raleigh, NC 27605

TriangleMLS
$340,000
2 bd
|
1.5 ba
|
881 sq ft
|
Condo

1001 Brighthurst Drive Unit 204, Raleigh, NC 27605

TriangleMLS
$352,500
2 bd
|
1 ba
|
875 sq ft
|
Condo

700 Bishops Park Drive Unit 104, Raleigh, NC 27605

Status: Pending/Under Contract

Tomo last checked: 11/03/2024 at 7:20 AM

Listing updated: 10/20/2024 at 1:10 PM

Listed by: Jeff Gillespie, Block & Associates Realty Phone #: (919) 459-6300

MLS: TriangleMLS #10010401

TriangleMLS logo

Recently listed in Raleigh