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$1,899,000

Beds
8
Baths
8.0
sq ft
2,696

3816 Thelma Street, Raleigh, NC 27610

3816 Thelma Street

Raleigh, NC 27610

  • 123 days on market
    • Price drop $101,000↓
Income producing Duplex includes two adjacent vacant land lots: 3900 and 3904 Thelma St. The three contiguous parcels have a combined size of 1.54 +/- Acres. SELLER FINANCING AVAILABLE. Zoning and Planning Overlays include the Transit Overlay District (TOD) and RX-4 zoning. SELLER IS OPEN TO SELLING EITHER THE DUPLEX, OR THE LAND SEPARATELY. The TOD allows up to 6 story building height with minimal parking or frontage requirements. A rent by room, 8 bed / 8 bath fully leased Duplex, is in place.

Details

Property type

Duplex

Est. home value

$241,353

Lot size

1.75 acres

Price per sq ft

$705

Year built

1969

Annual property taxes

$2,711.51

Price History

10/28/2024
TriangleMLS

TriangleMLS #10047999

Price change
$1,899,000
-5.05%
08/20/2024
TriangleMLS

TriangleMLS #10047999

Listed
$2,000,000
+135.29%
02/13/2024
TriangleMLS

TriangleMLS #2483780

Removed
$850,000

Schools & Community

Neighborhood: 

Northeast Raleigh

Elementary school: 

Wake - Partnership

Middle school: 

Wake - Moore Square Museum

High school: 

Wake - S E Raleigh

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Terri L Vernon

Loan start date

February 2009

Original loan amount

$75,000

Est. remaining balance

Not provided

Interest rate

5.19%

Loan type

Seller take-back, 5 year

Seller

Vernon J Vernon

Lender

Argent Mortgage Company Llc

Loan start date

January 2006

Original loan amount

$121,500

Est. remaining balance

Not provided

Interest rate

9.95%

Loan type

Fannie Mae/Freddie Mac, 30 year

Seller

Vernon Jay Vernon and Terri L Vernon

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: 12/21/2024 at 11:50 PM

Listing updated: 12/18/2024 at 1:54 PM

Listed by: Marianne Mansour, Compass -- Raleigh Phone #: (919) 726-6548

MLS: TriangleMLS #10047999

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