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$495,000

Beds
4
Baths
2.0
sq ft
1,732

602 Quarry Street, Raleigh, NC 27601

602 Quarry Street

Raleigh, NC 27601

  • 25 days on market
Great Investment Opportunity or Perfect First Home! This income-producing 4-bedroom, 2-bathroom home is a fantastic opportunity for investors or first-time buyers. Currently rented until August as a successful Airbnb with a strong rental history, it's generating steady income from day one. Situated just minutes from Downtown Raleigh in a rapidly revitalizing neighborhood, this property offers both convenience and strong potential for future value appreciation. The main level features 2 bedrooms and 1 full bathroom, while the recently finished walk-out basement adds 2 additional bedrooms, a full bathroom, a kitchenette, and a private entrance—ideal for use as a separate apartment, in-law suite, or additional rental unit.

Details

Property type

Single Family Residence

Est. home value

$311,274

Lot size

5,227.2 sq ft

Price per sq ft

$286

Year built

1952

Annual property taxes

$2,302.15

Price History

03/05/2025
TriangleMLS

TriangleMLS #10080063

Listed
$495,000
+70.69%
02/17/2022
TriangleMLS

TriangleMLS #2389461

Sold
$290,000

Schools & Community

Neighborhood: 

South Central

Elementary school: 

Wake - Hunter

Middle school: 

Wake - Ligon

High school: 

Wake - Enloe

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

$265,656
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$189,744
Cash to seller
$265,656

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

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

February 2022

Original loan amount

$203,000

Est. remaining balance

$189,744

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

P Shaluka Perera and Pragya Luintel

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: 03/30/2025 at 8:10 PM

Listing updated: 03/16/2025 at 5:31 AM

Listed by: Colleen Patricia Pirozzi, Coldwell Banker HPW Phone #: (919) 467-1882

MLS: TriangleMLS #10080063

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