tomo logo

$520,000

Beds
2
Baths
1.5
sq ft
1,160

508 South Swain Street, Raleigh, NC 27601

508 South Swain Street

Raleigh, NC 27601

  • 5 days on market
    • Open house Mar 29
Immaculate cottage, seamlessly blending contemporary amenities with historical charm, nestled in downtown Raleigh just a stroll away from Transfer Food Hall, Chavis Park and Fayetteville Street. Exquisite renovations grace the kitchen and 1.5 baths, showcasing resplendent genuine hardwood floors throughout. A capacious front porch welcomes you. The spacious kitchen includes a gas stove, granite countertops, and stainless steel appliances, exudes modernity while preserving the essence of the past. Traditional nuances are evident in the formal dining room with French doors that flow into the living room adorned with an ornamental fireplace and mantle. Abundant natural light bathes the interior, complementing the enchanting fenced yard.

Details

Property type

Single Family Residence

Est. home value

$535,087

Lot size

5,662.8 sq ft

Price per sq ft

$449

Year built

1920

Annual property taxes

$5,102.07

Price History

03/22/2025
TriangleMLS

TriangleMLS #10084114

Listed
$520,000
+9.47%
06/08/2022
TriangleMLS

TriangleMLS #2443203

Sold
$475,000
+93.88%
08/26/2015
TriangleMLS

TriangleMLS #2011054

Sold
$245,000
+63.44%

Schools & Community

Neighborhood: 

South Central

Elementary school: 

Wake - Olds

Middle school: 

Wake - Ligon

High school: 

Wake - Broughton

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

$114,215
Asking price
$520,000
Closing costs (~8% of asking)
-$41,600
Est. remaining loan balance
-$364,185
Cash to seller
$114,215

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

Seller’s Loan History

Lender

Guardian Mortgage Co Inc

Loan start date

June 2022

Original loan amount

$380,000

Est. remaining balance

$364,185

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Samuel Linton and Kyle Linton

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: 03/27/2025 at 7:50 PM

Listing updated: 03/27/2025 at 9:21 AM

Listed by: Sylvain Dufour, Keller Williams Realty Phone #: (919) 676-0600

MLS: TriangleMLS #10084114

TriangleMLS logo

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