tomo logo

$5,900,000

Beds
5
Baths
8.0
sq ft
9,408

15508 Possum Track Road, Raleigh, NC 27614

15508 Possum Track Road

Raleigh, NC 27614

  • 197 days on market
    • Price drop $900,000↓
Hidden gem bordering Falls Lake- 15.73 acre compound with a Private Gate for unparalleled privacy. Feels like 100+ acres, since it is buffered by Falls Lake/US Army Corp of Eng land, it promises an uninterrupted and picturesque wooded view. There's no estate like it on the market. Price includes three separate lots (15508, 15500, 15516 Possum Track). Additional homes can be added (parents, kids-Would make a great family compound), ample impervious soil for future expansion (See attached septic permit & plat), and horses allowed. Multigenerational living with a separate outside entrance for the In-law or Nanny Suite. Captivating backyard haven, featuring a heated saltwater pool with a cascading waterfall, hot tub, pergola, fire pit, a covered patio kitchen equipped with a grill station, cooktop burner, stainless steel appliances, pool bath with a walk-in steam shower. 8 Car Garage - 2 Attached, 3 Car Detached adjacent + 3 Car Detached garage on lower level. Room for multiple car lifts and a boat, RV parking pad on the lower level, courtyard driveway ideal for helipad. This culinary haven boasts six burners, a griddle, three ovens, a walk-in pantry, an island featuring an eat-at bar, a butler's pantry w/ beverage cooler & Miele coffee maker. Multigenerational living (3 owner suites) with a separate outside entrance is ideal for the In-law or nanny. The main floor Owner's suite boasts spacious custom his/her walk-in closets, an opulent spa bath with vaulted ceilings, an abundance of cabinets, a sizable walk-in shower, and a plethora of natural light. The family room showcases a breathtaking 2-story stone FP, hearth, exposed wood beam ceiling, custom cabinetry enhanced with accent lighting, a chandelier, along with an expansive wall of windows that provide captivating views of the scenic backyard. The upper level presents a second owner's suite, along with generously sized guest bedrooms, each boasting a walk-in closet and its own private en-suite bathroom. Finished Daylight Basement with in-law suite, tons of windows, kitchen, restaurant-style Wine Cellar, 3-tiered Theater, game room, stone FP, mechanical rm. Energy Star rated, NAHB Green Builder; Former Parade Home built by multiple award-winning builder, Don Collins Builder. Lives like 6 bedrooms. Ideal for the astute buyer who values luxury and sophistication. This impeccable property's allure lies in its architectural charm, warmth, and attention to detail. **NO YARD SIGN**

Details

Property type

Single Family Residence

Est. home value

$3,007,537

Lot size

15.73 acres

Price per sq ft

$628

Year built

2012

Annual property taxes

$22,546.35

Price History

02/18/2024
TriangleMLS

TriangleMLS #10002923

Price change
$5,900,000
-13.24%
12/20/2023
TriangleMLS

TriangleMLS #10002923

Listed
$6,800,000

Schools & Community

Elementary school: 

Wake - Brassfield

Middle school: 

Wake - West Millbrook

High school: 

Wake - Millbrook

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

$5,063,873
Asking price
$5,900,000
Closing costs (~8% of asking)
-$472,000
Est. remaining loan balance
-$364,127
Cash to seller
$5,063,873

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

January 2013

Original loan amount

$1,320,000

Est. remaining balance

$364,127

Interest rate

2.63%

Loan type

New Conventional, 15 year

Seller

Christopher R Arbutina and Deann Arbutina

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 11:35 PM

Listing updated: 07/02/2024 at 3:43 PM

Listed by: Shawn Britt, Realty World-Triangle Living Phone #: (919) 786-3321

MLS: TriangleMLS #10002923

TriangleMLS logo

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