tomo logo

$449,900

Beds
3
Baths
2.5
sq ft
2,183

601 Democracy Street, Raleigh, NC 27603

601 Democracy Street

Raleigh, NC 27603

  • 11 days on market
Exquisite and beautifully maintained end-unit townhome in the highly desirable Renaissance Park community. This turn-key property features over 2,100 square feet of living space, including 3 bedrooms and 2.5 baths. Situated along the peaceful green commons of Democracy Street, the home offers both privacy and tranquility. Recent updates include new carpet (2022), granite countertops in the kitchen (2021), updated kitchen appliances (2021), fresh paint throughout, and a tankless water heater. The open floorplan is perfect for modern living, while the primary suite, conveniently located on the main floor, provides a serene retreat with a luxurious bathroom. Upstairs, you'll find two additional bedrooms, along with a bonus room and a spacious loft, offering versatile space for an office or other uses. Additional highlights include a private 2-car garage with convenient rear alley access. Location is everything! Just 5 minutes from downtown Raleigh, 1.5 miles from I-40, and close to Walnut Creek, shopping, dining, and more! Renaissance Park also offers outstanding amenities like a pool with a swim team, tennis courts, and a fitness center, all with maintenance-free living—no lawn care needed! This property offers the perfect blend of luxury, comfort, and prime location!

Details

Property type

Townhouse

Est. home value

$444,654

Lot size

4,356 sq ft

Price per sq ft

$207

Year built

2013

Annual property taxes

$3,750.81

Monthly HOA fee

$137.5

Price History

10/24/2024
TriangleMLS

TriangleMLS #10059902

Listed
$449,900
+8.41%
11/02/2021
TriangleMLS

TriangleMLS #2408007

Sold
$415,000

Schools & Community

Neighborhood: 

Southwest Raleigh

Elementary school: 

Wake - Smith

Middle school: 

Wake - North Garner

High school: 

Wake - Garner

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

$133,642
Asking price
$449,900
Closing costs (~8% of asking)
-$35,992
Est. remaining loan balance
-$280,266
Cash to seller
$133,642

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

Seller’s Loan History

Lender

State Employees Cu

Loan start date

October 2021

Original loan amount

$300,000

Est. remaining balance

$280,266

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Timothy J Hogan and Mary H Hogan

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?

Similar Homes Nearby

Price drop
TriangleMLS
$432,000
3 bd
|
2.5 ba
|
2,180 sq ft
|
Townhouse

1355 Still Monument Way, Raleigh, NC 27603

Sold
TriangleMLS
$295,000
3 bd
|
2.5 ba
|
1,941 sq ft
|
Townhouse

1312 Still Monument Way, Raleigh, NC 27603

Price drop
TriangleMLS
$389,750
3 bd
|
2.5 ba
|
1,957 sq ft
|
Townhouse

1329 Still Monument Way, Raleigh, NC 27603

Status: Active

Tomo last checked: 11/05/2024 at 6:35 AM

Listing updated: 10/27/2024 at 3:01 AM

Listed by: Tina Caul, EXP Realty LLC Phone #: (888) 584-9831

MLS: TriangleMLS #10059902

TriangleMLS logo

Recently listed in Raleigh

$599,900|3 bd|2.0 ba|House
$295,000|2 bd|2.5 ba|Townhouse
$417,490|4 bd|2.5 ba|House
$475,000|3 bd|2.5 ba|House
$452,490|5 bd|3.0 ba|House
$302,000|3 bd|2.5 ba|House
$1,090,000|3 bd|3.5 ba|House
$300,000|3 bd|2.5 ba|Townhouse