tomo logo

$475,000

Beds
2
Baths
2.0
sq ft
1,281

222 Glenwood Ave Unit 516, Raleigh, NC 27603

222 Glenwood Ave Unit 516

Raleigh, NC 27603

  • 7 days on market
Experience urban sophistication living in this exquisite 2-Bedroom, 2-Bath CONDO in the heart of downtown Raleigh. 5th Floor updated condo with balcony overlooking the Pool, Courtyard & Skyline is a rare find! Secure access with front desk attendant (bldg has secure elevator access plus service elevator). Private parking deck. Enjoy the contemporary elegance of hardwood floors that flow seamlessly throughout the open-concept living space. The kitchen features large island with Quartz counter, tile backsplash, Stainless Steel appliances, including gas range, & pantry. The Master bedroom has a Tray ceiling and spacious walk-in-closet with built-ins. The luxurious owner's bathroom features granite counters, 2 sinks, large soaking tub & separate tiled shower. The second bedroom has a ceiling fan and walk-in-closet. This unparalleled living experience offers modern updates and luxurious amenities such as courtyard with heated saltwater pool, fireplace, picnic & grill area, gym & gathering room, all within walking distance to shopping, Raleigh's top restaurants, trendy cafes, vibrant night life, theaters, art galleries and even a grocery store. Building w/ electric car charger & Google Fiber available. Quick access to major roads makes this property ideal for those with busy lifestyles, offering convenient commutes to RDU Airport, Crabtree Valley Mall, North Hills & NC State.

Details

Property type

Condominium

Est. home value

$463,546

Lot size

Unknown

Price per sq ft

$371

Year built

2007

Annual property taxes

$4,100.24

Monthly HOA fee

$449.71

Price History

09/24/2024
TriangleMLS

TriangleMLS #10054364

Listed
$475,000
+33.8%
12/12/2018
TriangleMLS

TriangleMLS #2222081

Sold
$355,000

Schools & Community

Neighborhood: 

Hillsborough

Elementary school: 

Wake - Wiley

Middle school: 

Wake - Oberlin

High school: 

Wake - Broughton

Community features: 

Pool, Fitness Center, Gated

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

$180,795
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$256,205
Cash to seller
$180,795

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

$256,205

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: 10/01/2024 at 1:30 PM

Listing updated: 09/25/2024 at 11:22 PM

Listed by: Monica Palmer, ValuePlus Properties LLC Phone #: (919) 362-0037

MLS: TriangleMLS #10054364

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