tomo logo

$5,995,000

Beds
5
Baths
7.0
sq ft
7,110

401 Marlowe Road, Raleigh, NC 27609

401 Marlowe Road

Raleigh, NC 27609

  • 66 days on market
Welcome to 401 Marlowe Road, an English Country Estate of unparalleled luxury, meticulously crafted by Dougher Development Company and designed by the renowned Carter Skinner. This executive residence exudes elegance and sophistication while seamlessly merging traditional design with the modern open concept. Bespoke chef's kitchen is a masterpiece with professional grade appliances, true custom cabinetry, dual center islands, separate scullery/prep kitchen, and Butlers Pantry. The main floor owner's suite offers a private retreat with one of four masonry fireplaces, a spa bath, and dual closets. Dual studys, staircases, and laundry rooms, in addition to an elevator shaft and three-car garage, add to this home's functionality. Unrivaled covered outdoor living with an outdoor kitchen overlooking a custom designed swimming pool. The second floor features 4 oversized private ensuite bedrooms and a large bonus room. Get involved now to select all design selections!

Details

Property type

Single Family Residence

Est. home value

$1,223,374

Property condition

New Construction
Under Construction

Lot size

0.6 acres

Price per sq ft

$844

Year built

2025

Price History

09/17/2024
TriangleMLS

TriangleMLS #10053132

Listed
$5,995,000
-7.77%
04/25/2024
TriangleMLS

TriangleMLS #10013333

Removed
$6,500,000
02/23/2024
TriangleMLS

TriangleMLS #10013333

Listed
$6,500,000
+464.24%

Schools & Community

Neighborhood: 

Six Forks

Elementary school: 

Wake - Root

Middle school: 

Wake - Oberlin

High school: 

Wake - Broughton

Community features: 

Street Lights, Suburban

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

$4,875,972
Asking price
$5,995,000
Closing costs (~8% of asking)
-$479,600
Est. remaining loan balance
-$639,428
Cash to seller
$4,875,972

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

Seller’s Loan History

Lender

North State Bank

Loan start date

January 2024

Original loan amount

$860,000

Est. remaining balance

$639,428

Interest rate

7.22%

Loan type

Not Provided, 3 year

Seller

James E Allen Llc

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: 11/22/2024 at 9:50 PM

Listing updated: 10/19/2024 at 11:31 AM

Listed by: Jim Allen, Coldwell Banker HPW Phone #: (919) 876-8824

MLS: TriangleMLS #10053132

TriangleMLS logo

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