tomo logo

$424,500

Beds
3
Baths
2.0
sq ft
1,487

2216 Lawrence Drive, Raleigh, NC 27603

2216 Lawrence Drive

Raleigh, NC 27603

  • 87 days on market
    • Price drop $5,500↓
This beautifully renovated split-level home has been expertly converted into two separate Airbnb units. Each unit offers unique charm while providing modern amenities and comfort for guests. The property presents a turnkey investment opportunity in a prime location, just minutes from downtown Raleigh's attractions and restaurants. The successful Airbnb operation provides immediate cash flow with the potential for further growth. Unit A - 2 bedrooms, 1 bathroom - Full kitchen with an eat-in dining room - Living room with office space - Private porch & fenced in yard - Occupancy: Up to 5 guests Unit B - 1 bedroom, 1 bathroom - Kitchenette with an eat-in dining room - Living room with extra sleeping space - Private fenced in yard - Occupancy: Up to 4 guests Recent Upgrades & Features - Shared access utility room for laundry facilities & maintenance crews - Kitchenette Buildout in Unit B - Bathroom renovation in Unit B - New roof (2021) - Off-street parking for 3 vehicles - Keyless entry systems for both units

Details

Property type

Single Family Residence

Est. home value

$380,926

Lot size

0.34 acres

Price per sq ft

$286

Year built

1983

Annual property taxes

$3,110.99

Price History

02/07/2025
TriangleMLS

TriangleMLS #10065262

Price change
$424,500
-1.28%
11/27/2024
TriangleMLS

TriangleMLS #10065262

Listed
$430,000
+19.78%
02/17/2022
TriangleMLS

TriangleMLS #2418373

Sold
$359,000
+187.43%

Schools & Community

Neighborhood: 

Southwest Raleigh

Elementary school: 

Wake County Schools

Middle school: 

Wake County Schools

High school: 

Wake County Schools

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

$87,942
Asking price
$424,500
Closing costs (~8% of asking)
-$33,960
Est. remaining loan balance
-$302,598
Cash to seller
$87,942

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 Inc

Loan start date

February 2022

Original loan amount

$323,100

Est. remaining balance

$302,598

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Stephen R Fernandez

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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Price drop
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Status: Active

Tomo last checked: 02/22/2025 at 9:25 PM

Listing updated: 02/20/2025 at 3:06 PM

Listed by: Courtney Aiken Andrews, Real Broker, LLC Phone #: (919) 348-2585

MLS: TriangleMLS #10065262

TriangleMLS logo

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