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$533,458Estimated home value

Beds
3
Baths
1.5
sq ft
1,457

2035 Timber Drive, Raleigh, NC 27604

2035 Timber Drive

Raleigh, NC 27604

  • Sold On 10/18/2024
This charming ranch-style home features beautiful hardwood floors throughout + a spacious living room perfect for relaxing and entertaining. The updated kitchen with newer appliances makes meal prep a delight. With 3 beds and 1.5 bathrooms, this home offers both functionality and comfort. Step outside to enjoy the large, fenced-in backyard, which includes a huge partially covered patio and a fire pit area, ideal for gatherings and outdoor enjoyment. Additional storage is provided by a handy shed. Don't miss this opportunity to live in an vibrant community with mature trees, that's just a short walk away from Lion's Park, greenways, Gateway Plaza with dining options such as Union Special and Mordecai Bev. Co. and so much more!

Details

Property type

Single Family Residence

Est. home value

$533,458

Lot size

0.26 acres

Price per sq ft

$368

Year built

1959

Annual property taxes

$4,239.17

Price History

10/17/2024
TriangleMLS

TriangleMLS #10047204

Sold
$530,000
-0.93%
09/13/2024
TriangleMLS

TriangleMLS #10047204

Pending
$535,000
08/16/2024
TriangleMLS

TriangleMLS #10047204

Listed
$535,000
+35.44%

Schools & Community

Neighborhood: 

East Raleigh

Elementary school: 

Wake - Conn

Middle school: 

Wake - Ligon

High school: 

Wake - Enloe

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

$204,366
Asking price
$535,000
Closing costs (~8% of asking)
-$42,800
Est. remaining loan balance
-$287,834
Cash to seller
$204,366

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

November 2020

Original loan amount

$316,000

Est. remaining balance

$287,834

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Eric Reithel and Laurel Edwards

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: Off Market

Tomo last checked: 11/03/2024 at 8:00 AM

Listing updated: 10/20/2024 at 1:31 PM

Listed by: Lisa Merritt, Nest Realty of the Triangle Phone #: (919) 493-8383

MLS: TriangleMLS #10047204

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