tomo logo

$600,000

Beds
2
Baths
1.5
sq ft
1,061

309 North East Street, Raleigh, NC 27601

309 North East Street

Raleigh, NC 27601

  • 6 days on market
THIS is what we talk about when we realtors talk about ''character.'' You cannot fake character. It's intangible and fleeting but when it's there, you FEEL it. So, old-home-lovers, this charming Victorian cottage is for you. It sits on one of the prettiest blocks in downtown Raleigh's Historic Oakwood and has as neighbors some of the oldest homes in all of Raleigh. Make your way up via the brick stairs that give it (and its partner at 311 N East) a positively regal entry. You'll be enchanted by the large front porch and its old-time swing. Inside, it's pretty much impossible not to notice first the shockingly beautiful heart-of-pine hardwood floors, and then your eyes move to the open space of the entry foyer and delightful living room that even has a secret space (you'll need to find it yourself when you arrive). Super-high ceilings, gorgeous trim and detail, authentic transom windows, an updated modern kitchen, a second bedroom or study and dining space round out this amazing little home. While we cannot put it in the official square footage due to ceiling height (tax records say this house is 1213 square feet), the upstairs room could sleep a guest, host an office, or simply provide storage space. Out back, there's a shady and secluded patio for hanging out. You know it feels like a real home when the mail is delivered right to the front door and here the postal service has been bringing the mail to this front door for 115 years and counting. Welcome to Historic Oakwood and walking amongst legends, stories, and the oldest homes in Raleigh. Nearby, the tongue-in-cheek ''Halloween House,'' the beautiful Oakwood Cemetery dating back to 1869, the best dog park in town, and all that the Person Street district has to offer. Or walk to the epicenter of downtown in right around 12 minutes flat. Brand-new HVAC in 2024; entire exterior repainted in 2021; wired and ready for Google Fiber.

Details

Property type

Single Family Residence

Est. home value

$649,164

Lot size

2,178 sq ft

Price per sq ft

$566

Year built

1909

Annual property taxes

$4,557

Price History

06/28/2024
TriangleMLS

TriangleMLS #10038283

Listed
$600,000
+57.89%
06/08/2017
TriangleMLS

TriangleMLS #2124560

Sold
$380,000
+24.59%
05/09/2014
TriangleMLS

TriangleMLS #1938102

Sold
$305,000

Schools & Community

Neighborhood: 

North Central

Elementary school: 

Wake - Conn

Middle school: 

Wake - Oberlin

High school: 

Wake - Broughton

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

$290,560
Asking price
$600,000
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$261,440
Cash to seller
$290,560

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

Seller’s Loan History

Lender

Pnc Mortgage Llc

Loan start date

June 2017

Original loan amount

$304,000

Est. remaining balance

$261,440

Interest rate

3.97%

Loan type

New Conventional, 30 year

Seller

Michael M Berrier

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: Active

Tomo last checked: 07/04/2024 at 10:10 PM

Listing updated: 07/01/2024 at 3:53 AM

Listed by: David Worters, Compass -- Raleigh Phone #: (919) 726-6548

MLS: TriangleMLS #10038283

TriangleMLS logo

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