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$341,628Estimated home value

Beds
3
Baths
2.5
sq ft
1,642

518 Retreat Lane, Wake Forest, NC 27587

518 Retreat Lane

Wake Forest, NC 27587

  • Sold On 7/25/2022
Adorable like-new townhome in Creek View at Traditions. Easy walk to clubhouse and pool. Immaculate home w/numerous upgrades: new lighting throughout, Kit Aid dishwasher, commercial style electric range, cabinet hardware, custom closets & microwave. Large owner's suite w/sitting area and ample closet space. First floor offers completely open floor plan with island kitchen and pantry, powder room and 1 car garage. Second floor with 3 bedrooms, 2 full baths and laundry. Easy access to everything.

Details

Property type

Townhouse

Est. home value

$341,628

Lot size

1,742.4 sq ft

Price per sq ft

$214

Year built

2017

Annual property taxes

$2,558

Monthly HOA fee

$86.5

Price History

03/10/2025
TriangleMLS

TriangleMLS #10070023

Removed
$364,900
03/01/2025
TriangleMLS

TriangleMLS #10070023

Price change
$364,900
-1.35%
01/09/2025
TriangleMLS

TriangleMLS #10070023

Listed
$369,900
+8.79%

Schools & Community

Elementary school: 

Wake - Richland Creek

Middle school: 

Wake - Wake Forest

High school: 

Wake - Wake Forest

Community features: 

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

$93,525
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$228,383
Cash to seller
$93,525

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

Seller’s Loan History

Lender

Alcova Mortgage Llc

Loan start date

July 2022

Original loan amount

$238,000

Est. remaining balance

$228,383

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Thao Pham Nguyen and Thuy Thanh Do

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: Off Market

Tomo last checked: 04/02/2025 at 5:20 AM

Listing updated: 02/18/2025 at 4:31 AM

Listed by: Karen Machikas, TME Premier Properties, LLC Phone #: (919) 538-3926

MLS: TriangleMLS #2456130

TriangleMLS logo

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