tomo logo

$849,000

Beds
3
Baths
2.0
sq ft
2,491

601 East Lane Street, Raleigh, NC 27601

601 East Lane Street

Raleigh, NC 27601

  • 33 days on market
    • Price drop $30,375↓
This Neoclassical Revival cottage offers the perfect blend of historic charm and modern convenience on a cool, shady corner lot oasis in the Historic Oakwood district in Downtown Raleigh. The Ogden-Kline House (c. 1909) has 3 bedrooms, 2 baths, an updated kitchen with granite countertops, tile backsplash, and a separate dining room, a sunroom, and a remodeled daylight basement area with a modern look and feel featuring exposed brick walls and an open floor plan. Gleaming heart pine floors, decorative fireplaces with tile surrounds and oak mantels, high ceilings, a clawfoot tub, and so many windows are just some of the special features of this gorgeous home. The HVAC and water heater are new, and there is attic storage and a basement workshop area. The lovely front porch is perfect for a quiet evening relaxing with a cold drink, entertaining, or chatting with the neighbors, and is a fine starting point for enjoying all the perks of living in Historic Oakwood and Downtown Raleigh, close to restaurants, festivals, museums, shopping, the Oakwood dog park, and the North Person Street District dining and nightlife.

Details

Property type

Single Family Residence

Est. home value

$685,124

Lot size

5,662.8 sq ft

Price per sq ft

$341

Year built

1912

Annual property taxes

$5,471

Price History

06/24/2024
TriangleMLS

TriangleMLS #10032912

Price change
$849,000
-3.45%
06/01/2024
TriangleMLS

TriangleMLS #10032912

Listed
$879,375
+80.38%
03/15/2019
TriangleMLS

TriangleMLS #2235834

Sold
$487,500

Schools & Community

Neighborhood: 

North Central

Elementary school: 

Wake - Conn

Middle school: 

Wake - Oberlin

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

$502,708
Asking price
$849,000
Closing costs (~8% of asking)
-$67,920
Est. remaining loan balance
-$278,372
Cash to seller
$502,708

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

Seller’s Loan History

Lender

Corporate Investors Mortgage Group Inc

Loan start date

March 2019

Original loan amount

$390,000

Est. remaining balance

$278,372

Interest rate

3.88%

Loan type

New Conventional, 15 year

Seller

Kimberly B Weitkamp and Robin J Weitkamp

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: Active

Tomo last checked: 07/04/2024 at 10:35 PM

Listing updated: 07/01/2024 at 3:54 AM

Listed by: Richard G Callahan, Raleigh Homes Realty Phone #: (919) 946-3256

MLS: TriangleMLS #10032912

TriangleMLS logo

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