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$282,500

Beds
3
Baths
2.5
sq ft
1,400

5005 Rainmaker Drive, Durham, NC 27704

5005 Rainmaker Drive

Durham, NC 27704

  • 92 days on market
    • Price drop $2,500↓
Great Location in North Durham. 3 Bedrooms and 2.5 Bath with 1400 square feet. Convenient to Duke Hospital, Duke University, downtown Durham and I85. Breakfast Room in Kitchen with SS Appliances. Refrigerator and Washer are Included. Open Dining and Family Room wth Gas Fireplace. Awning at Patio with Storage Closet. As must see.

Details

Property type

Townhouse

Est. home value

$295,442

Lot size

1,742.4 sq ft

Price per sq ft

$202

Year built

2006

Annual property taxes

$1,775.87

Monthly HOA fee

$140

Price History

05/27/2024
TriangleMLS

TriangleMLS #10020546

Price change
$282,500
-0.88%
04/03/2024
TriangleMLS

TriangleMLS #10020546

Listed
$285,000
+69.95%
02/21/2020
TriangleMLS

TriangleMLS #2289988

Sold
$167,700

Schools & Community

Neighborhood: 

Summer Meadow

Elementary school: 

Durham - Eno Valley

Middle school: 

Durham - Carrington

High school: 

Durham - Northern

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

$168,429
Asking price
$282,500
Closing costs (~8% of asking)
-$22,600
Est. remaining loan balance
-$91,471
Cash to seller
$168,429

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

Seller’s Loan History

Lender

Resource Financial Services Inc

Loan start date

February 2020

Original loan amount

$100,000

Est. remaining balance

$91,471

Interest rate

3.72%

Loan type

New Conventional, 30 year

Seller

Linvelle Laidley and Dwaine A Laidley

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: 07/04/2024 at 11:15 PM

Listing updated: 05/27/2024 at 12:33 PM

Listed by: Jim C Press, Northside Realty Inc. Phone #: (919) 784-0101

MLS: TriangleMLS #10020546

TriangleMLS logo

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