tomo logo

$420,000

Beds
5
Baths
3.0
sq ft
2,501

3316 Arrowwood Drive, Raleigh, NC 27604

3316 Arrowwood Drive

Raleigh, NC 27604

  • 4 days on market
Looking for a home with options? This single-family 5-bedroom, 3-bathroom split-level home in Raleigh, NC, is full of potential and flexibility! Whether you're searching for a home to call your own, a property that generates rental income, or a smart investment opportunity, this one has you covered. This versatile home is perfect for families, house hacking, or multi-generational living. If you qualify for a mortgage but want to ease the financial burden of today's higher monthly payments, this home offers a practical solution. Live in the upper level while renting out the lower level to offset your expenses. The lower level has a private exterior entrance through the backyard, making it ideal for extended family, tenants, or even a home office. Additionally, there is interior access between the two levels if desired, offering even more flexibility. The upper level features 3 bedrooms, 2 bathrooms, a cozy living room, and a spacious kitchen and dining area. The lower level includes 2 bedrooms, 1 bathroom, a living room, and a fully equipped kitchen. Use the home as one large single-family space or keep the two levels separate for rental income—the choice is yours! Recent updates include a roof, HVAC, and water heater, all replaced within the last seven years. Inside, you'll find modern LVP flooring on the lower level, updated tile in the bathrooms, and newer carpet upstairs (with possible hardwood underneath!). The outdoor spaces are just as versatile, with a deck off the main level and a patio below, perfect for relaxing or entertaining. Conveniently located in Raleigh, NC, just minutes from the Beltline and downtown, this home offers easy access to everything you need. Whether you're looking for your next home, an investment property, or a creative way to reduce housing costs, this property is worth a look!

Details

Property type

Single Family Residence

Est. home value

$371,507

Lot size

0.3 acres

Price per sq ft

$168

Year built

1968

Annual property taxes

$2,953

Price History

01/16/2025
TriangleMLS

TriangleMLS #10071084

Listed
$420,000
+23.53%
08/17/2023
TriangleMLS

TriangleMLS #2504697

Sold
$340,000

Schools & Community

Neighborhood: 

Northeast Raleigh

Elementary school: 

Wake - Brentwood

Middle school: 

Wake - Centennial Campus

High school: 

Wake - S E Raleigh

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

$61,689
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$324,711
Cash to seller
$61,689

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2023

Original loan amount

$329,800

Est. remaining balance

$324,711

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

Helena Wu

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: 01/21/2025 at 3:35 AM

Listing updated: 01/16/2025 at 3:19 PM

Listed by: Alicia Rivera, Real Broker, LLC Phone #: (919) 348-2585

MLS: TriangleMLS #10071084

TriangleMLS logo

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