tomo logo

$800,000

Beds
4
Baths
3.5
sq ft
3,347

1416 Brown Velvet Lane, Apex, NC 27523

1416 Brown Velvet Lane

Apex, NC 27523

  • 81 days on market
    • Price drop $25,000↓
    • Open house Nov 08
Explore the ultimate in modern luxury living in the desirable Sweetwater community! This impressive 4-bedroom, 4-bathroom home features high-end upgrades and a spacious open floor plan, ideal for contemporary lifestyles. The gourmet kitchen boasts two large islands and bar seating, perfect for entertaining guests. The bright family room offers a cozy fireplace, and the convenient first-floor bedroom and bathroom are great for visitors. Unwind in the oversized owner's suite, or transform the versatile third-floor space into an additional bedroom, bonus room, or office with its own bathroom. The fenced backyard, complete with a stunning stone fireplace, is perfect for outdoor gatherings. Enjoy resort-style amenities, including a pool, fitness center, parks, and extensive walking trails. Plus, you're just minutes from downtown, RTP, and the new Sweetwater Town Center!

Details

Property type

Single Family Residence

Est. home value

$707,320

Lot size

4,791.6 sq ft

Price per sq ft

$240

Year built

2018

Annual property taxes

$6,319.68

Monthly HOA fee

$73.67

Price History

10/10/2024
TriangleMLS

TriangleMLS #10047350

Price change
$800,000
-3.03%
09/25/2024
TriangleMLS

TriangleMLS #10047350

Price change
$825,000
-1.79%
09/06/2024
TriangleMLS

TriangleMLS #10047350

Listed
$840,000

Schools & Community

Elementary school: 

Wake - Olive Chapel

Middle school: 

Wake - Lufkin Road

High school: 

Wake - Apex Friendship

Community features: 

Pool, Clubhouse, Curbs, Fitness Center, Park, Playground, Sidewalks, Street Lights

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

$466,866
Asking price
$800,000
Closing costs (~8% of asking)
-$64,000
Est. remaining loan balance
-$269,134
Cash to seller
$466,866

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

Seller’s Loan History

Lender

Branch Banking And Trust Co

Loan start date

June 2018

Original loan amount

$304,000

Est. remaining balance

$269,134

Interest rate

4.55%

Loan type

New Conventional, 30 year

Seller

Joshua Fairhurst and Amanda L Fairhurst

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: 11/05/2024 at 11:35 AM

Listing updated: 11/03/2024 at 7:01 AM

Listed by: Alli Pepperling, Compass -- Cary Phone #: (919) 769-1956

MLS: TriangleMLS #10047350

TriangleMLS logo

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