tomo logo

$1,725,000

Beds
4
Baths
4.0
sq ft
3,905

5004 Lakemont Drive, Raleigh, NC 27609

5004 Lakemont Drive

Raleigh, NC 27609

  • <1 day on market
    • Open house Apr 06
Stunning modern Tudor home built in 2019 in prime location near North Hills! Meticulously designed by renowned architect Tony Frazier and nestled on a spacious .51-acre lot, this remarkable property offers luxury and comfort at every turn. Step into the open-concept family room, where 10-foot ceilings and tons of natural light create a bright, airy atmosphere. The space seamlessly flows into a chef-inspired kitchen and a charming breakfast room, perfect for both everyday living and entertaining. Sliding glass doors open to a screened-in porch with a cozy fireplace, offering an ideal spot to relax or host guests. The home boasts four generously sized bedrooms and four beautifully appointed bathrooms including a first-floor guest suite. The primary suite is a true retreat, with a spacious bedroom complete with a third fireplace, creating a serene ambiance. The spa-like bathroom offers dual vanities, a huge walk-in shower, a separate soaking tub, and an expansive walk-in closet. The large bonus room with soaring ceilings provides a flexible space for a home theater, playroom, or office, offering endless possibilities. For those who appreciate convenience, the second-floor laundry room is an absolute highlight, featuring a sink, abundant countertop space, and plenty of cabinetry for storage. Outside, the home continues to impress with a sprawling patio perfect for outdoor dining or lounging. A tranquil water feature and hot tub complete the outdoor oasis, while the fenced-in back yard provides security. Other exceptional features include an oversized two-car garage and proximity to vibrant North Hills, offering easy access to shopping, dining, and entertainment. Don't miss the opportunity to make this exceptional property your own!

Details

Property type

Single Family Residence

Est. home value

$1,503,432

Lot size

0.51 acres

Price per sq ft

$442

Year built

2019

Annual property taxes

$12,279.3

Price History

04/03/2025
TriangleMLS

TriangleMLS #10086704

Listed
$1,725,000
+82.99%
11/15/2019
TriangleMLS

TriangleMLS #2241106

Sold
$942,650
+242.78%
10/15/2018
TriangleMLS

TriangleMLS #2216684

Sold
$275,000

Schools & Community

Neighborhood: 

Falls of Neuse

Elementary school: 

Wake - Douglas

Middle school: 

Wake - Carroll

High school: 

Wake - Sanderson

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

$905,268
Asking price
$1,725,000
Closing costs (~8% of asking)
-$138,000
Est. remaining loan balance
-$681,732
Cash to seller
$905,268

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

Seller’s Loan History

Lender

Coastal Fcu

Loan start date

March 2021

Original loan amount

$750,000

Est. remaining balance

$681,732

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Mark Caverly and Aimee E Caverly

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: 04/04/2025 at 5:45 AM

Listing updated: 04/03/2025 at 4:12 PM

Listed by: J. Michael Jackson, Hodge & Kittrell Sotheby's Int Phone #: (919) 876-7411

MLS: TriangleMLS #10086704

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