tomo logo

$720,000

Beds
4
Baths
2.5
sq ft
2,223

1537 The Arts Drive, Raleigh, NC 27603

1537 The Arts Drive

Raleigh, NC 27603

  • 36 days on market
Location, Location, Location! This is a beautiful 4 bedroom home located in the popular Renaissance Park and only 5 minutes from downtown Raleigh's culture and dining! The main level offers an open floor plan that is perfect for entertaining & equipped with a large kitchen filled with counter space & great storage. A sliding door that leads to a beautiful, private, and fenced yard with a covered pergola perfect for entertaining! The 2nd floor offers a master suite that is a true sanctuary, complete with trey ceilings and an ensuite bathroom that includes a large soaking tub, perfect for unwinding after a long day. And another 3 generous size bedrooms. New roof 2024! Beautiful hardwood floors throughout! Enjoy the abundance of community amenities Renaissance Park has to offer featuring a tremendous recreation center, fitness center, pool, lighted tennis courts, sand volleyball court, and playgrounds. Amazing location with 5 minutes from the fast growing Downtown Raleigh! RGA Golf Course, Dorothea Dix Park, Lake Johnson, and NC State University.

Details

Property type

Single Family Residence

Est. home value

$478,379

Lot size

6,969.6 sq ft

Price per sq ft

$324

Year built

2012

Annual property taxes

$3,428.43

Monthly HOA fee

$77

Price History

05/29/2024
TriangleMLS

TriangleMLS #10031985

Listed
$720,000
+140%
06/29/2016
TriangleMLS

TriangleMLS #2069329

Sold
$300,000

Schools & Community

Neighborhood: 

Southwest Raleigh

Elementary school: 

Wake - Smith

Middle school: 

Wake - North Garner

High school: 

Wake - Garner

Community features: 

Clubhouse, Playground, Pool, Sidewalks, Street Lights, Tennis Court(s)

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

$505,551
Asking price
$720,000
Closing costs (~8% of asking)
-$57,600
Est. remaining loan balance
-$156,849
Cash to seller
$505,551

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

Seller’s Loan History

Lender

Equity Resources Inc

Loan start date

January 2021

Original loan amount

$170,000

Est. remaining balance

$156,849

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Bearta R Alchacar

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: 07/04/2024 at 10:55 PM

Listing updated: 07/03/2024 at 7:53 PM

Listed by: Shadia Hamzy, Allen Tate/Wake Forest Phone #: (919) 453-5700

MLS: TriangleMLS #10031985

TriangleMLS logo

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