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$675,000

Beds
4
Baths
3.5
sq ft
2,730

160 Rivers Edge Drive, Youngsville, NC 27596

160 Rivers Edge Drive

Youngsville, NC 27596

  • 28 days on market
    • Price drop $25,000↓
Welcome to 160 Rivers Edge Drive in Youngsville, North Carolina,. This listing is a Certified Pre-Owned Home. It has had an appraisal, a pre-listing inspection of the major systems including HVAC, electrical, plumbing, roof and foundation/crawlspace. Any major items have been repaired by the seller in advance of listing. The Rivers Edge subdivision is located only minutes from downtown Youngsville and downtown Wake Forest, but lies in Franklin County outside of any city limits. As a result, the taxes on the property are significantly less than if located in the city limits. This incredible custom-built home has tons of living space in the four bedrooms and 3.5 bathrooms. The owners' suite is located on the second floor and has windows with plantation shutters and a trey ceiling with recessed lighting. There is plenty of space for king sized bed and large bedroom furniture. In the owners' bath, you will find a jetted tub and stand-up shower. The water closet is separate and private, and the closet has plenty of storage. The laundry room is located across from the owners' suite and has plenty of space for either top load or front load washer and dryer. There is also a utility sink to rinse items if needed or to do delicates by hand. There are two additional bedrooms upstairs that share a full bath with fiberglass tub/shower combination and dual vanities along with plenty of storage underneath. The Bonus Room currently houses a game room and TV room for the current occupants. It includes a half bath for guests that come over. This room could be used as a theater, game room, home office or an arts and crafts room. It is very versatile and offers tons of natural light with plantation shutters on each window. Adjacent to the Bonus Room is an office. The office could also be used as a Zoom Room for school or work from home. There is broadband services available at this home. The outdoor living areas start with a screened porch off the living room, overlooking the huge back yard. Exit the screened porch onto the large deck that is perfect for the grill master of the family. There is ample space for a six-seat table and grills on the deck as you can see in the photos. Go down the lighted deck steps to the stone patio that has a hot tub to enjoy. Yes, that hot tub is included with the house and has been properly maintained. If you are in more of a social mood, you can enjoy the neighborhood pool in Rivers Edge. Located less than a quarter mile away, it is easily within walking distance. This home has it all and is ready for new owners.

Details

Property type

Single Family Residence

Est. home value

$628,062

Lot size

1.11 acres

Price per sq ft

$248

Year built

2007

Annual property taxes

$3,886.57

Monthly HOA fee

$50.42

Price History

10/04/2024
TriangleMLS

TriangleMLS #10051260

Price change
$675,000
-3.57%
09/06/2024
TriangleMLS

TriangleMLS #10051260

Listed
$700,000
+79.49%
08/09/2017
TriangleMLS

TriangleMLS #2134413

Sold
$390,000
+2.37%

Schools & Community

Elementary school: 

Franklin - Youngsville

Middle school: 

Franklin - Cedar Creek

High school: 

Franklin - Franklinton

Community features: 

Clubhouse, Pool

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

$346,900
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$274,100
Cash to seller
$346,900

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

Seller’s Loan History

Lender

North State Bank

Loan start date

October 2020

Original loan amount

$355,000

Est. remaining balance

$274,100

Interest rate

2.37%

Loan type

New Conventional, 15 year

Seller

John Nicholas Morgan and Jennifer Whitt Morgan

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: 10/05/2024 at 12:25 AM

Listing updated: 10/04/2024 at 10:35 AM

Listed by: Brian M Pate, Pate Realty Group Phone #: (919) 669-4575

MLS: TriangleMLS #10051260

TriangleMLS logo

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