tomo logo

$505,000

Beds
3
Baths
1.5
sq ft
1,465

2118 Timberlake Drive, Raleigh, NC 27604

2118 Timberlake Drive

Raleigh, NC 27604

  • 18 days on market
Stunning Lakefront Property on Over an Acre! Nestled just 10 minutes from downtown Raleigh, this serene oasis offers the perfect blend of nature, convenience, and modern living. Surrounded by lush greenery and close to shopping and dining, this beautiful block-built home is located in a private, tranquil setting.The home features sleek stainless steel appliances, stylish faucets, and countertops. Step outside to the expansive concrete exterior and screened-in patio, ideal for enjoying your morning coffee or unwinding in the evening. Inside, the exquisite stained wood ceilings and wall panels, along with a dual-sided gas fireplace, create a warm and inviting atmosphere—perfect for both entertaining and cozy nights in. For outdoor enjoyment, the 16x16 dock is perfect for fishing, sunbathing, or stargazing. Your guests will be reluctant to leave this peaceful retreat. Plus, enjoy the benefit of no city taxes! Conveniently located near I-440, downtown Raleigh, and Cameron Village, this home offers the best of both worlds—privacy and easy access to everything Raleigh has to offer. Call soon for a showing. Lourdes 9102862903..Showings start Saturday 29 March at 11:00am.

Details

Property type

Single Family Residence

Est. home value

$495,480

Lot size

1.26 acres

Price per sq ft

$345

Year built

1955

Annual property taxes

$1,993.56

Monthly HOA fee

$25

Price History

03/28/2025
TriangleMLS

TriangleMLS #10081569

Listed
$505,000
+12.72%
10/08/2021
TriangleMLS

TriangleMLS #2401866

Sold
$448,000
+79.2%
08/16/2019
TriangleMLS

TriangleMLS #2268588

Sold
$250,000

Schools & Community

Neighborhood: 

Northeast Raleigh

Elementary school: 

Wake County Schools

Middle school: 

Wake County Schools

High school: 

Wake County Schools

Community features: 

Lake

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

$169,719
Asking price
$505,000
Closing costs (~8% of asking)
-$40,400
Est. remaining loan balance
-$294,881
Cash to seller
$169,719

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

September 2021

Original loan amount

$320,000

Est. remaining balance

$294,881

Interest rate

2.78%

Loan type

New Conventional, 30 year

Seller

Berenice Malagon Luna and Ivan Alexander Aviles Dominguez

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?

Status: Active

Tomo last checked: 03/30/2025 at 8:15 PM

Listing updated: 03/30/2025 at 4:07 AM

Listed by: Lourdes Yanes-Reefer, Chanticleer Properties LLC Phone #: (919) 275-5741

MLS: TriangleMLS #10081569

TriangleMLS logo

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