tomo logo

$840,000

Beds
5
Baths
3.5
sq ft
3,347

1416 Brown Velvet Lane, Apex, NC 27523

1416 Brown Velvet Lane

Apex, NC 27523

  • 32 days on market
Discover the luxury of modern living in the highly sought-after Sweetwater community! This stunning 5-bedroom, 4-bathroom home is filled with top-tier upgrades and boasts an open floor plan that's perfect for today's lifestyle. The gourmet kitchen features two large islands and bar seating, ideal for entertaining. The spacious family room includes a cozy fireplace, while the first-floor bedroom and bath offer convenience for guests. Retreat to the oversized owner's suite or use the versatile third-floor space as a bedroom, bonus room, or office with its own bath. The fenced backyard, complete with a stone fireplace, is perfect for outdoor gatherings. Enjoy resort-style amenities, including a pool, gym, parks, and an extensive trail system. Plus, you're just minutes away 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

$251

Year built

2018

Annual property taxes

$6,319.68

Monthly HOA fee

$73.67

Price History

09/06/2024
TriangleMLS

TriangleMLS #10047350

Listed
$840,000
08/19/2024
TriangleMLS

TriangleMLS #10047350

Pending
$840,000
08/16/2024
TriangleMLS

TriangleMLS #10047350

Listed
$840,000
+84.99%

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

$502,615
Asking price
$840,000
Closing costs (~8% of asking)
-$67,200
Est. remaining loan balance
-$270,185
Cash to seller
$502,615

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

$270,185

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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1007 Lylebourne Court, Apex, NC 27502

Status: Active

Tomo last checked: 09/17/2024 at 11:15 PM

Listing updated: 09/15/2024 at 3:20 AM

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

MLS: TriangleMLS #10047350

TriangleMLS logo

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