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$334,800

Beds
4
Baths
2.5
sq ft
1,357

1615 Malta Avenue, Raleigh, NC 27610

1615 Malta Avenue

Raleigh, NC 27610

  • 75 days on market
    • Price drop $100↓
These *motivated sellers* want to share that this home is eligible for a special financing credit for qualified buyers up to $20,000; contact listing agent for more information. The Sellers have made improvements all throughout the property. This home was painted, deep cleaned, and more. 1615 Malta is a rare 4 BR move-in ready ranch in Downtown Raleigh. With the kitchen and bathrooms recently updated, a new roof, plumbing, and fence all added in 2024, this is a worry-free home. Updated flooring + hardwoods throughout. Tucked away in a serene spot, yet just minutes from downtown. A great opportunity for both first time homebuyers or investors at this price and in this prime location! New countertop and dishwasher installed - looks and works great! New roof (2024), new fence (2024), french drains + sump pump in crawl (2024). Ongoing foundation repairs (2025).

Details

Property type

Single Family Residence

Est. home value

$315,174

Property condition

Updated/Remodeled

Lot size

6,098.4 sq ft

Price per sq ft

$247

Year built

1950

Annual property taxes

$2,457.01

Price History

03/18/2025
TriangleMLS

TriangleMLS #10070733

Price change
$334,800
-0.03%
02/27/2025
TriangleMLS

TriangleMLS #10070733

Price change
$334,900
-6.14%
02/18/2025
TriangleMLS

TriangleMLS #10070733

Price change
$356,800
-0.03%

Schools & Community

Neighborhood: 

South Central

Elementary school: 

Wake - SE Raleigh

Middle school: 

Wake - Centennial Campus

High school: 

Wake - Broughton

Community features: 

None

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

$78,746
Asking price
$334,800
Closing costs (~8% of asking)
-$26,784
Est. remaining loan balance
-$229,270
Cash to seller
$78,746

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

Seller’s Loan History

Lender

Cornerstone Home Lending

Loan start date

January 2023

Original loan amount

$235,200

Est. remaining balance

$229,270

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

Amy Irene Hart and Patrick Allen Hart

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: 03/30/2025 at 8:10 PM

Listing updated: 03/18/2025 at 5:25 PM

Listed by: Ryan Daniel Sabatini, Rich Realty Group Phone #: (919) 710-0256

MLS: TriangleMLS #10070733

TriangleMLS logo