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$739,000

Beds
4
Baths
4.0
sq ft
3,537

11709 Falls Of Neuse Road, Wake Forest, NC 27587

11709 Falls Of Neuse Road

Wake Forest, NC 27587

  • <1 day on market
    • Open house Jan 12
Rare Find: Ranch Home with Finished Basement & Income-Producing Detached Cottage! This stunning, hard-to-find ranch home with a finished basement and a fully furnished detached cottage offers endless possibilities for enjoyment and versatility. With 2 master bedrooms, 2 additional bedrooms, and 4 full bathrooms, this home is designed to accommodate various living needs. The renovated open kitchen and dining area serve as the heart of the home, featuring stainless steel appliances, granite countertops with bar seating, a pantry, and cabinetry that flows seamlessly into the dining room. Gleaming hardwood floors extend throughout the main level, complementing the spacious carpeted family room, which opens to a balcony overlooking the peaceful, fully fenced backyard. The walk-out basement has tile floors, oversized bonus/media/recreation room complete with risers for theater-style seating and speakers, a gas log fireplace, and built-ins. The basement also includes a second master suite with an updated bath, a large laundry room, and another full bathroom. Step outside to a covered patio that's perfect for an outdoor kitchen. Hang your towel as you relax in the hot tub. Also, a separate storage/workshop and frog pond. The detached cottage adds incredible value to the property. Fully furnished, it includes a living room, kitchen, 1 bedroom, full bath, and washer/dryer. Currently renting for $1,250 per month, this space offers great income potential or could be used as a guest house, home office, or private retreat. A separate gate entrance from the front courtyard leads you to the cottage, providing added privacy. Set on a .45-acre fully fenced lot, this exceptional property offers both privacy and convenience, just minutes from I-540, shopping, and dining. Whether you're looking for a multi-generational living space, an investment opportunity, or additional living space for guests or entertainment, this home with its rental cottage is a rare opportunity you won't want to miss!

Details

Property type

Single Family Residence

Est. home value

$675,223

Lot size

0.45 acres

Price per sq ft

$209

Year built

1973

Annual property taxes

$5,312.64

Price History

01/10/2025
TriangleMLS

TriangleMLS #10070145

Listed
$739,000
+27.41%
11/30/2021
TriangleMLS

TriangleMLS #2412478

Sold
$580,000
+46.84%
06/14/2019
TriangleMLS

TriangleMLS #2247211

Sold
$395,000
+25.4%

Schools & Community

Neighborhood: 

North Raleigh

Elementary school: 

Wake - Brassfield

Middle school: 

Wake - Wakefield

High school: 

Wake - Wakefield

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

$270,340
Asking price
$739,000
Closing costs (~8% of asking)
-$59,120
Est. remaining loan balance
-$409,540
Cash to seller
$270,340

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

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

November 2021

Original loan amount

$464,000

Est. remaining balance

$409,540

Interest rate

3.05%

Loan type

New Conventional, 20 year

Seller

Andrea Boynton

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: 01/10/2025 at 8:15 AM

Listing updated: 01/10/2025 at 7:45 AM

Listed by: Deb Brown, Century 21 Triangle Group Phone #: (919) 720-4217

MLS: TriangleMLS #10070145

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