tomo logo

$365,000

Beds
4
Baths
2.5
sq ft
1,357

1615 Malta Avenue, Raleigh, NC 27610

1615 Malta Avenue

Raleigh, NC 27610

  • 39 days on market
    • Price drop $4,900↓
Just painted + cleaned. This is FOUR bedrooms under $400k in Downtown Raleigh! This rare 4-bedroom ranch has been updated to be move-in ready or as an income-producing rental property. With a fresh coat of paint inside, the kitchen and bathrooms recently updated and 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, this home offers the perfect blend of city convenience and peace. Whether you're hosting on the back deck or relaxing in the very secluded yard, this home gives you room to grow in style. A great opportunity for both first time homebuyers or investors at this price and in this prime location—don't miss your chance to make 1615 Malta yours! Kitchen + bathrooms updated in 2023. New roof (2024), new fence (2024), and french drains + sump pump in crawlspace (2024). Special financing + credit available for qualified buyers - see Docs.

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

$269

Year built

1950

Annual property taxes

$2,457.01

Price History

10/24/2024
TriangleMLS

TriangleMLS #10055226

Price change
$365,000
-1.32%
10/17/2024
TriangleMLS

TriangleMLS #10055226

Price change
$369,900
-1.36%
09/27/2024
TriangleMLS

TriangleMLS #10055226

Listed
$375,000
+27.55%

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

$105,324
Asking price
$365,000
Closing costs (~8% of asking)
-$29,200
Est. remaining loan balance
-$230,476
Cash to seller
$105,324

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

$230,476

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: 11/05/2024 at 7:15 PM

Listing updated: 11/04/2024 at 3:25 AM

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

MLS: TriangleMLS #10055226

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