tomo logo

$350,000

Beds
3
Baths
2.5
sq ft
2,022

1117 Penncross Drive, Raleigh, NC 27610

1117 Penncross Drive

Raleigh, NC 27610

  • <1 day on market
This East Raleigh home, nestled in a quiet cul-de-sac, offers a fantastic opportunity for both savvy investors and first-time homebuyers. Priced $20K below recent tax value, this property boasts fresh interior paint, a new roof (July 2023), and a new water heater (June 2024). The main floor flex/office space provides versatility, while the great room with hardwood floors and a corner gas fireplace creates a warm and inviting atmosphere. The kitchen features a center island, huge pantry and maple cabinets. Upstairs, the spacious primary suite, two secondary bedrooms, and a hall bath with double vanities offer comfortable living. Enjoy the outdoors on the covered front porch or the large back patio with panoramic glass sliding doors. Conveniently located near shopping, healthcare, restaurants, and major highways (I40 and I540), this home offers it all at an unbeatable value.

Details

Property type

Single Family Residence

Est. home value

$367,974

Lot size

9,583.2 sq ft

Price per sq ft

$174

Year built

2005

Annual property taxes

$3,242.14

Monthly HOA fee

$51.67

Price History

11/15/2024
TriangleMLS

TriangleMLS #10063477

Listed
$350,000
+112.12%
11/24/2005
TriangleMLS

TriangleMLS #809301

Sold
$165,000

Schools & Community

Neighborhood: 

Southeast Raleigh

Elementary school: 

Wake - Rogers Lane

Middle school: 

Wake - River Bend

High school: 

Wake - S E Raleigh

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

$308,056
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$13,944
Cash to seller
$308,056

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

Seller’s Loan History

Lender

State Employees Cu

Loan start date

June 2012

Original loan amount

$65,550

Est. remaining balance

$13,944

Interest rate

3.05%

Loan type

New Conventional, 15 year

Seller

Hong Hoa Thi Trinh and Yenly Thi Nguyen

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: 11/15/2024 at 1:30 PM

Listing updated: 11/15/2024 at 9:25 AM

Listed by: Dennis de Jong, Redfin Corporation Phone #: (919) 816-5981

MLS: TriangleMLS #10063477

TriangleMLS logo

Recently listed in Raleigh

$389,900|2 bd|2.5 ba|Townhouse
$375,000|3 bd|1.5 ba|Condo
$1,915,000|4 bd|4.5 ba|House
$395,000|4 bd|3.5 ba|Townhouse
$379,900|3 bd|2.5 ba|Townhouse
$350,000|3 bd|2.5 ba|House
$240,000|2 bd|2.5 ba|Townhouse