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$333,020Estimated home value

Beds
4
Baths
2.5
sq ft
2,100

504 Elm Avenue, Wake Forest, NC 27587

504 Elm Avenue

Wake Forest, NC 27587

  • Sold On 8/15/2024
    • Price drop $15,000↓
Amazing location 2 blocks from downtown, neighborhood park with trails and less than 1 mile to seminary. Beautifully updated former model home conveniently located near downtown Wake Forest, shopping centers and dining areas. Main level of the house features hardwood floors & newer carpet upstairs. Kitchen boasts granite countertops & island, pantry, and newer stainless-steel appliances, including a refrigerator. There is a separate dining room and a family room with a corner gas log fireplace. First floor office & a third-floor bonus/bedroom. Primary suite has a private bathroom & a walk-in closet. New roof 2023. Washer & dryer included. The private patio in the fenced yard overlooks the woods.

Details

Property type

Townhouse

Est. home value

$333,020

Property condition

Updated/Remodeled

Lot size

1,306.8 sq ft

Price per sq ft

$143

Year built

2004

Annual property taxes

$2,258.01

Monthly HOA fee

$140

Price History

08/15/2024
TriangleMLS

TriangleMLS #10028551

Sold
$300,000
07/14/2024
TriangleMLS

TriangleMLS #10028551

Pending
$300,000
07/11/2024
TriangleMLS

TriangleMLS #10028551

Price change
$300,000
-4.76%

Schools & Community

Elementary school: 

Wake - Wake Forest

Middle school: 

Wake - Wake Forest

High school: 

Wake - Wake Forest

Community features: 

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

$229,189
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$46,811
Cash to seller
$229,189

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

Seller’s Loan History

Lender

Branch Banking And Trust Co

Loan start date

February 2015

Original loan amount

$112,875

Est. remaining balance

$46,811

Interest rate

3.05%

Loan type

New Conventional, 15 year

Seller

Nancy Jane Benoit and Walter Esdras Benoit

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: Off Market

Tomo last checked: 10/05/2024 at 8:45 PM

Listing updated: 09/12/2024 at 11:31 AM

Listed by: Lisa Jackson, Keller Williams Realty Phone #: (919) 676-0600

MLS: TriangleMLS #10028551

TriangleMLS logo

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