tomo logo

$1,199,900

Beds
5
Baths
4.5
sq ft
3,618

1417 Westmoreland Drive, Raleigh, NC 27612

1417 Westmoreland Drive

Raleigh, NC 27612

  • 298 days on market
    • Price drop $50,100↓
Home is priced $100k UNDER appraised value - Instant Equity! Brand new home inside the beltline, on a beautifully flat .31 acre lot! This home offers 5 bedrooms with a 1st floor guest suite & study! Open-concept floorplan, kitchen overlooking great room with modern floor-to-ceiling stone fireplace, & formal dining. The spacious kitchen features a large island, walk-in pantry & stainless steel appliances. Large 2nd floor owner's suite w/ tray ceiling, master bath w/ gorgeous free standing tub & spa shower. Large loft on second floor! Desirable neighborhood in highly sought after school district! Rent-to-Own and Seller Financing Options Available - terms negotiable! Some photos are virtually staged.

Details

Property type

Single Family Residence

Est. home value

$113,955

Property condition

New Construction

Lot size

0.31 acres

Price per sq ft

$332

Year built

2024

Annual property taxes

$872

Price History

06/13/2024
TriangleMLS

TriangleMLS #2531317

Price change
$1,199,900
-4.01%
06/04/2024
TriangleMLS

TriangleMLS #2531317

Price change
$1,250,000
-3.84%
01/05/2024
TriangleMLS

TriangleMLS #2531317

Listed
$1,299,900
+1633.2%

Schools & Community

Neighborhood: 

Glenwood

Elementary school: 

Wake - Lacy

Middle school: 

Wake - Oberlin

High school: 

Wake - Broughton

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

$806,030
Asking price
$1,199,900
Closing costs (~8% of asking)
-$95,992
Est. remaining loan balance
-$297,878
Cash to seller
$806,030

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 2023

Original loan amount

$700,000

Est. remaining balance

$297,878

Interest rate

7.31%

Loan type

New Conventional, 1 year

Seller

Rene Langford Inc

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: 07/02/2024 at 6:50 PM

Listing updated: 07/01/2024 at 2:43 PM

Listed by: Brette Davis, eXp Realty, LLC - C Phone #: (888) 584-9431

MLS: TriangleMLS #2531317

TriangleMLS logo

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