tomo logo

$859,900

Beds
4
Baths
3.0
sq ft
2,231

1607 Lorraine Road, Raleigh, NC 27607

1607 Lorraine Road

Raleigh, NC 27607

  • 91 days on market
    • Price drop $39,100↓
Nestled in convenient and highly desirable 'inside-the-beltline'' location, this charming bungalow , originally crafted in the 1950's exudes charm with its full-width covered front porch and its beadboard ceiling. The front living room, featuring a gas fireplace with a brick surround, invites relaxation. The remodeled urban-style kitchen is a chef's delight, boasting a large central island with concrete countertops, butcher block countertops over cabinets and drawers, gas cooktop, suspended range hood, stainless steel appliances, farmhouse sink, and a stylish barn door off the dining area. This space was previously used by the homeowner as a bar area for entertaining friends and family. The adjacent family room offers easy access to the deck through sliding glass doors, perfect for indoor-outdoor living. The first floor hosts two comfortable bedrooms and two full baths, while the second floor includes the primary bedroom with a full bath and an additional secondary bedroom. There are 2 walk-in attics on the 2nd floor for your storage needs. The fenced private backyard is perfect for fun and games or a safe playspace for pets. In the back of the yard you will find a charming detached workshop with power and plumbing!Home is within walking distance to Lacy Elementary School, making it an ideal choice for so many! In addition to the kitchen remodel, upgrades include a new roof in 2015 and a new HVAC system in 2022, ensuring peace of mind for years to come.

Details

Property type

Single Family Residence

Est. home value

$819,439

Lot size

0.28 acres

Price per sq ft

$386

Year built

1952

Annual property taxes

$6,386.11

Price History

10/25/2024
TriangleMLS

TriangleMLS #10048566

Price change
$859,900
-4.35%
08/23/2024
TriangleMLS

TriangleMLS #10048566

Listed
$899,000
-4.87%
08/16/2024
TriangleMLS

TriangleMLS #10037914

Removed
$945,000

Schools & Community

Neighborhood: 

Glenwood

Elementary school: 

Wake - Lacy

Middle school: 

Wake - Martin

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

$539,429
Asking price
$859,900
Closing costs (~8% of asking)
-$68,792
Est. remaining loan balance
-$251,679
Cash to seller
$539,429

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

Seller’s Loan History

Lender

Corporate Investors Mortgage Group Inc

Loan start date

August 2021

Original loan amount

$316,500

Est. remaining balance

$251,679

Interest rate

2.26%

Loan type

New Conventional, 14 year

Seller

Jeffrey Whiteside and Melia Whiteside

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: 11/22/2024 at 9:35 PM

Listing updated: 11/18/2024 at 3:11 AM

Listed by: Kimberly Conroy, Howard Perry & Walston Realtor Phone #: (919) 847-6767

MLS: TriangleMLS #10048566

TriangleMLS logo

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