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$691,900

Beds
4
Baths
3.5
sq ft
3,225

1201 Rivermead Lane, Wake Forest, NC 27587

1201 Rivermead Lane

Wake Forest, NC 27587

  • 62 days on market
    • Price drop $1,000↓
    • Open house Apr 05
SELLER OFFERING 15k in ALLOWANCES!!!! Nestled in a serene neighborhood, this stunning 4-bedroom, 3.5-bath home offers an exceptional blend of comfort, style, and modern conveniences. Step inside to find an inviting open floor plan with high vaulted ceilings that create a spacious, airy feel throughout. The living room, featuring a cozy fireplace, serves as the perfect gathering spot for family and friends. With large windows allowing natural light to flood the space, this area is ideal for both relaxation and entertaining. The gourmet kitchen boasts beautiful granite countertops, custom cabinetry, and ample counter spaceâ€''perfect for preparing meals and hosting guests. Adjacent to the kitchen, a formal dining area offers an elegant setting for meals, while the convenient bonus room provides flexibility for a home office, playroom, or media room. The luxurious master suite is conveniently located on the main floor, offering ultimate privacy and comfort. It features a generous walk-in closet and an en-suite bath with a dual vanity, soaking tub, and separate shower. Upstairs, three additional spacious bedrooms and two well-appointed bathrooms provide ample space for family or guests. Step outside to the screened-in porch, where you can unwind while overlooking a peaceful creek that flows through the backyard. Whether you're enjoying a morning coffee or hosting a summer barbecue, this tranquil outdoor space is sure to impress. This home also includes a 2-car garage, offering plenty of storage and parking, and an unfinished attic space, providing additional storage or future expansion potential. With its charming details, prime location, and thoughtful layout, this home is truly a rare find. Don't miss your chance to make it yours!

Details

Property type

Single Family Residence

Est. home value

$681,156

Lot size

0.72 acres

Price per sq ft

$215

Year built

2003

Annual property taxes

$4,359.55

Monthly HOA fee

$33.33

Price History

03/31/2025
TriangleMLS

TriangleMLS #10073274

Price change
$691,900
-0.14%
03/24/2025
TriangleMLS

TriangleMLS #10073274

Price change
$692,900
-0.14%
03/17/2025
TriangleMLS

TriangleMLS #10073274

Price change
$693,900
-0.14%

Schools & Community

Elementary school: 

Wake - North Forest

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

$222,252
Asking price
$691,900
Closing costs (~8% of asking)
-$55,352
Est. remaining loan balance
-$414,296
Cash to seller
$222,252

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

Seller’s Loan History

Lender

Wintrust Mortgage

Loan start date

November 2020

Original loan amount

$458,815

Est. remaining balance

$414,296

Interest rate

2.87%

Loan type

VA, 30 year

Seller

Paul M Garbe and Amanda J Lozier

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: 04/02/2025 at 5:15 AM

Listing updated: 03/31/2025 at 8:06 PM

Listed by: Jet Hatu, 1st Class Real Estate Triangle Phone #: (252) 955-1350

MLS: TriangleMLS #10073274

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