tomo logo

$305,000

Beds
4
Baths
2.0
sq ft
1,500

605 Essington Place, Raleigh, NC 27603

605 Essington Place

Raleigh, NC 27603

  • 1 day on market
Excellent investment opportunity just outside the beltline. 4 bedrooms 2 bath, with large wooded lot, 5 minutes from the heart of downtown Raleigh. Hardwood flooring throughout most of the house for low maintenance upkeep. Large deck overlooking the secluded, mostly fenced back yard. Home has been a rental for 10 years, most recently getting $2280/mo. House is rent ready, and able to cash flow even with todays rates, or an excellent blank canvas for an owner occupant to move in and make their own.

Details

Property type

Single Family Residence

Est. home value

$272,933

Lot size

0.27 acres

Price per sq ft

$204

Year built

1968

Annual property taxes

$2,157.98

Price History

02/20/2025
TriangleMLS

TriangleMLS #10077686

Listed
$305,000
+211.22%
11/05/2014
TriangleMLS

TriangleMLS #1973252

Sold
$98,000
+11.36%
06/14/2007
TriangleMLS

TriangleMLS #911467

Sold
$88,000

Schools & Community

Neighborhood: 

Southwest Raleigh

Elementary school: 

Wake County Schools

Middle school: 

Wake County Schools

High school: 

Wake County Schools

Community features: 

Suburban

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

Full Spectrum Lending Inc

Loan start date

August 2004

Original loan amount

$111,695

Est. remaining balance

Not provided

Interest rate

7.75%

Loan type

New Conventional, 30 year

Seller

Joseph Alston and Glendora Alston

Lender

American Mtg Source

Loan start date

October 1997

Original loan amount

$47,150

Est. remaining balance

Not provided

Interest rate

7.12%

Loan type

Balloon, 15 year

Seller

Joseph Alston and Joseph Austin

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: 02/22/2025 at 12:50 PM

Listing updated: 02/21/2025 at 9:10 PM

Listed by: Rane Gretsch, Sound Mind Realty Phone #: (919) 439-2387

MLS: TriangleMLS #10077686

TriangleMLS logo

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