tomo logo

$475,000

Beds
2
Baths
2.0
sq ft
1,163

222 Glenwood Ave Unit 516, Raleigh, NC 27603

222 Glenwood Ave Unit 516

Raleigh, NC 27603

  • <1 day on market
**Experience Urban Living at Its Best!** Welcome to 222 Glenwood Avenue #516, a stylish and serene condo located in the vibrant heart of Glenwood South. Positioned perfectly to enjoy all that downtown Raleigh has to offer, this 5th-floor gem offers tranquil saltwater pool views from your private balcony. Step inside to discover modern upgrades, including granite countertops, a chic updated backsplash, and gleaming wood floors. This unit boasts a prime location between the elevator and a utility room, providing a peaceful atmosphere with no direct neighbors on the side. With one designated parking space and an additional floating space, convenience is at your fingertips. Two sizable bedrooms, each featuring elegant tray ceilings. The primary suite boasts a luxurious ensuite bathroom with dual sinks, granite countertops, a soaking tub, and a walk-in shower, as well as a custom-designed walk-in closet system that maximizes storage and organization. The second bedroom offers versatility, serving as a cozy retreat for guests or an ideal space for a home office, perfectly suiting your needs. This condo is perfect for young professionals or families seeking a superb downtown lifestyle. The building's top-tier amenities include an in-ground saltwater pool that is open 6 months out of the year, a beautifully landscaped courtyard with a grilling area and outdoor fireplace, a well-appointed fitness center including a Peloton, a pet relief area to accommodate furry friends, a clubroom that can be reserved for events, and the added peace of mind provided by concierge services and building security. Don't miss your chance to live in one of Raleigh's most sought-after locations. Schedule your showing today!

Details

Property type

Condominium

Est. home value

$463,546

Lot size

Unknown

Price per sq ft

$409

Year built

2007

Annual property taxes

$3,803.19

Monthly HOA fee

$449.67

Price History

01/10/2025
TriangleMLS

TriangleMLS #10070262

Listed
$475,000
12/09/2024
TriangleMLS

TriangleMLS #10054364

Removed
$475,000
09/24/2024
TriangleMLS

TriangleMLS #10054364

Listed
$475,000
+33.8%

Schools & Community

Neighborhood: 

Hillsborough

Elementary school: 

Wake - Wiley

Middle school: 

Wake - Oberlin

High school: 

Wake - Broughton

Community features: 

Pool

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

$182,753
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$254,247
Cash to seller
$182,753

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

May 2019

Original loan amount

$284,000

Est. remaining balance

$254,247

Interest rate

4.31%

Loan type

New Conventional, 30 year

Seller

Jawab Shoaib

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: 01/10/2025 at 7:00 PM

Listing updated: 01/10/2025 at 6:15 PM

Listed by: Rebecca Ellis, Keller Williams Preferred Realty Phone #: (919) 471-8000

MLS: TriangleMLS #10070262

TriangleMLS logo

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