tomo logo

$370,000

Beds
3
Baths
3.5
sq ft
2,036

4916 Southern Magnolia Drive, Raleigh, NC 27604

4916 Southern Magnolia Drive

Raleigh, NC 27604

  • 49 days on market
Welcome to this stunning end-unit townhouse Magnolia Trace! This turn-key home was built in 2020, offers over 3 bed/ 3.5 baths and over 2,000 square feet of elegant living space! The main floor boasts a convenient entrance through the one-car garage. Through the entry is a spacious suite complete with LVP flooring, a walk-in closet, a full ensuite bath, and direct walkout access. The second floor great room is a showstopper, featuring crown molding and recessed lighting. The modern kitchen is equipped with a large island, quartz countertops, a gas range, stainless steel appliances, 42-inch kitchen cabinets, and a subway tile backsplash. The bright dining area includes shelving, and the expansive living room provides access to an exterior deck, perfect for entertaining! Oak stairs lead to the third floor, where the spacious primary suite awaits. This private retreat includes recessed lighting, a walk-in closet, a luxurious bathroom with dual vanity, and a tiled walk-in shower with a bench. A third bedroom, also with an ensuite full bath and walk-in closet, and a laundry closet complete the top floor. Magnolia Trace offers a community dog park and is ideally located close to shopping, dining, and entertainment. With easy access to the beltline, you're just 15 minutes from downtown Raleigh, Wake Med, and NC State. Don't miss your chance to experience the ease of townhome living in Magnolia Trace!

Details

Property type

Townhouse

Est. home value

$365,824

Lot size

2,613.6 sq ft

Price per sq ft

$182

Year built

2020

Annual property taxes

$3,240.5

Monthly HOA fee

$130

Price History

08/01/2024
TriangleMLS

TriangleMLS #10044470

Listed
$370,000

Schools & Community

Neighborhood: 

Northeast Raleigh

Elementary school: 

Wake - Beaverdam

Middle school: 

Wake - River Bend

High school: 

Wake - Rolesville

Community features: 

Curbs, Sidewalks, Street Lights

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

$109,858
Asking price
$370,000
Closing costs (~8% of asking)
-$29,600
Est. remaining loan balance
-$230,542
Cash to seller
$109,858

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

Seller’s Loan History

Lender

Cornerstone Home Lending Inc

Loan start date

December 2020

Original loan amount

$251,688

Est. remaining balance

$230,542

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Brittani Karissa Zink

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: 09/19/2024 at 3:05 PM

Listing updated: 08/23/2024 at 9:44 AM

Listed by: Shruti Desai, RE/MAX EXECUTIVE Phone #: (919) 828-1830

MLS: TriangleMLS #10044470

TriangleMLS logo

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