tomo logo

$714,900

Beds
4
Baths
2.5
sq ft
2,730

5405 Cedarwood Drive, Raleigh, NC 27609

5405 Cedarwood Drive

Raleigh, NC 27609

  • 4 days on market
Rare opportunity to own updated ranch with finished basement on fenced, cul-de-sac lot minutes from both North Hills and the heart of North Raleigh! Host friends and family from fantastic, open kitchen with large island and stainless appliances including speed oven and gas cooktop. Storage galore thanks to ample cabinets and custom pantry with barn doors. Sunlight pours through wall of windows into large main living area complete with builtins and masonry fireplace. Basement offers additional family room, bedroom, half bath, and more than 900 SF of unfinished space - perfect for both home gym and workshop! Soak in the afternoon sun from large deck off main living room, or relax in the shade offered by lower level covered patio! Walkable to nearly 40 acre Cedar Hills Park, complete with playgrounds, ball fields, tennis and basketball courts, disc golf, and more!

Details

Property type

Single Family Residence

Est. home value

$627,870

Property condition

Updated/Remodeled

Lot size

0.28 acres

Price per sq ft

$262

Year built

1972

Annual property taxes

$4,570.55

Price History

01/16/2025
TriangleMLS

TriangleMLS #10071112

Listed
$714,900
+32.63%
09/01/2021
TriangleMLS

TriangleMLS #2392842

Sold
$539,000
+58.53%
04/05/2019
TriangleMLS

TriangleMLS #2233537

Sold
$340,000
+10.39%

Schools & Community

Neighborhood: 

North Raleigh

Elementary school: 

Wake - Green

Middle school: 

Wake - Carroll

High school: 

Wake - Sanderson

Community features: 

Park, Sidewalks, Street Lights, Suburban

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

$258,177
Asking price
$714,900
Closing costs (~8% of asking)
-$57,192
Est. remaining loan balance
-$399,531
Cash to seller
$258,177

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

August 2021

Original loan amount

$431,200

Est. remaining balance

$399,531

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Claira Marie Reisner and Phillip Alan Stapp

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: 01/21/2025 at 3:25 AM

Listing updated: 01/19/2025 at 4:46 AM

Listed by: Greyson Sargent, Corcoran DeRonja Real Estate Phone #: (919) 443-3123

MLS: TriangleMLS #10071112

TriangleMLS logo

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