tomo logo

$1,340,000

Beds
5
Baths
4.5
sq ft
3,888

5012 Mankoma Terrace, Raleigh, NC 27612

5012 Mankoma Terrace

Raleigh, NC 27612

  • 94 days on market
    • Price drop $10,000↓
MOTIVATED SELLER! MUST SEE IN PERSON! Welcome to a luxurious home nestled in the prestigious Hamptons at Umstead neighborhood. This stunning brick residence boasts 5 bedrooms, 5 bathrooms, and an array of exquisite features throughout. With a rocking chair porch, overlooking the neighborhood, step inside to discover a thoughtfully designed floor plan that seamlessly blends elegance with functionality. Main level offers a 1st floor guest suite, ideal for accommodating visitors or multi-generational living arrangements, a gourmet kitchen with top-of-the-line appliances, sleek cabinetry, and granite countertops. On the second floor, the lavish master suite includes a private oasis featuring a spa-like ensuite bathroom and walk-in closet. 3 additional bedrooms on the second floor provide comfort and convenience for family members or guests. Enjoy access to a host of amenities, including walking trails, parks, and proximity to shopping, dining, and entertainment options. Yard extends back into trees. Can create your own backyard.

Details

Property type

Single Family Residence

Est. home value

$1,278,915

Lot size

0.46 acres

Price per sq ft

$345

Year built

2013

Annual property taxes

$8,926.27

Monthly HOA fee

$110

Price History

06/28/2024
TriangleMLS

TriangleMLS #10020729

Price change
$1,340,000
-0.74%
05/13/2024
TriangleMLS

TriangleMLS #10020729

Price change
$1,350,000
-2.88%
04/19/2024
TriangleMLS

TriangleMLS #10020729

Price change
$1,390,000
-0.71%

Schools & Community

Neighborhood: 

Northwest Raleigh

Elementary school: 

Wake - Stough

Middle school: 

Wake - Oberlin

High school: 

Wake - Broughton

Community features: 

Clubhouse, Pool

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

$905,711
Asking price
$1,340,000
Closing costs (~8% of asking)
-$107,200
Est. remaining loan balance
-$327,089
Cash to seller
$905,711

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

Seller’s Loan History

Lender

Vantagesouth Bank

Loan start date

December 2013

Original loan amount

$417,000

Est. remaining balance

$327,089

Interest rate

4.35%

Loan type

New Conventional, 30 year

Seller

Thomas H Cho and Ji Hyun G Cho

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: 07/07/2024 at 5:05 PM

Listing updated: 06/30/2024 at 4:33 PM

Listed by: Craig M Kasek, Choice Residential Real Estate Phone #: (919) 720-4991

MLS: TriangleMLS #10020729

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