tomo logo

$550,000

Beds
4
Baths
3.5
sq ft
2,136

5501 Advancing Avenue, Raleigh, NC 27616

5501 Advancing Avenue

Raleigh, NC 27616

  • 32 days on market
Welcome to a home that offers the perfect balance of style, convenience, and modern living in one of the most desirable neighborhoods! 2136 sq.ft. PLUS 457 sq.ft. *detached* bedroom located above the detached 2-car garage—perfect for guests, remote work, gym, teen suite, art studio (the light is incredible), etc! A concrete walkway enhances accessibility between the home and garage. Inside this like-new home, you'll love the kitchen, complete with an island, Electrolux gas range, lots of counter seating, under-cabinet lighting — perfect for cooking and entertaining. Thoughtful upgrades like pull-out drawers in the pantry and kitchen cabinets maximize storage and efficiency. The durable LVP flooring on the main level adds a touch of elegance while keeping maintenance simple. The screened porch adds another room, great for relaxing and watching all the doggies going on their walks! Upstairs, you will find the primary bedroom and bath + 2 additional bedrooms that share a hall bath. (The 4th bedroom + full bath is detached above the garage.) Step outside and enjoy everything this vibrant neighborhood has to offer—community pool, scenic trails, parks, local pub, retail shopping, even a pocket park outside the front door —all just moments from your doorstep. And with HOA-covered lawn maintenance, you can spend more time enjoying life and less time on yard work! Don't miss this rare opportunity to own a home that truly has it all. Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$508,340

Lot size

5,227.2 sq ft

Price per sq ft

$258

Year built

2019

Annual property taxes

$3,965

Monthly HOA fee

$114.4

Price History

02/27/2025
TriangleMLS

TriangleMLS #10078800

Listed
$550,000
+5.77%
07/28/2023
TriangleMLS

TriangleMLS #2516831

Sold
$520,000

Schools & Community

Elementary school: 

Wake - River Bend

Middle school: 

Wake - River Bend

High school: 

Wake - Rolesville

Community features: 

Pool, Clubhouse, Curbs, Park, Playground, Restaurant, Sidewalks, Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Benchmark Community Bank

Loan start date

July 2023

Original loan amount

$520,000

Est. remaining balance

Not provided

Interest rate

6.71%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Ahmad Farhad Ghaznawi and Zahra Abasyar

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: 04/01/2025 at 2:10 PM

Listing updated: 03/30/2025 at 12:11 AM

Listed by: Cindy Roberts, Merriment Realty Phone #: (919) 457-8181

MLS: TriangleMLS #10078800

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