tomo logo

$634,000

Beds
2
Baths
1.5
sq ft
1,971

614 Capital Boulevard Unit 224, Raleigh, NC 27603

614 Capital Boulevard Unit 224

Raleigh, NC 27603

  • 175 days on market
    • Price drop $15,900↓
Experience the allure of historic living at The Cotton Mill, where savvy owners benefit from a unique historic tax credit, generously slashing their property taxes in half. This exceptional corner unit invites you to revel in panoramic northern views through expansive windows, casting a golden hue during your morning coffee ritual and showcasing breathtaking purple evening skies as you prepare dinner. Step inside and be captivated by the grandeur of tall ceilings, original brick walls, and an open layout that effortlessly lends itself to both relaxation and entertaining. A vision for refinement awaits, as local architects have crafted plans to introduce an en suite bathroom, an upstairs media room, and a home office, ensuring an optimal living experience. Beyond the confines of your home, The Cotton Mill fosters a sense of community, with residents converging in the expansive backyard for convivial gatherings, grilling sessions, and amiable conversations, all while their four-legged companions frolic together. Engage in the camaraderie of a delightful book club hosted by friendly neighbors, adding a literary touch to your social calendar. Practicality meets elegance with dedicated basement storage and ample outdoor parking for both you and your guests. Effortlessly explore downtown Raleigh's vibrant scene, with its popular restaurants, bars, shops, and bakeries just minutes away, eliminating the need for parking hassles. Embrace a farm-to-table lifestyle by sourcing your vegetables from Raleigh City Farm around the corner, and contribute to sustainability with the building's complimentary compost service. Convenience is at your doorstep, with Publix offering easy access to everyday essentials. Anticipate future enjoyment with the upcoming Smoky Hollow Park, set to enhance the appeal of your new home's surroundings. Immerse yourself in the unparalleled charm and convenience that The Cotton Mill has to offer, where history meets contemporary living in the heart of downtown Raleigh.

Details

Property type

Condominium

Est. home value

$660,880

Lot size

Unknown

Price per sq ft

$322

Year built

1896

Annual property taxes

$2,679.7

Monthly HOA fee

$363

Price History

07/01/2024
TriangleMLS

TriangleMLS #10005755

Listed
$634,000
07/01/2024
TriangleMLS

TriangleMLS #10005755

Removed
$634,000
04/25/2024
TriangleMLS

TriangleMLS #10005755

Price change
$634,000
-2.45%

Schools & Community

Neighborhood: 

Mordecai

Elementary school: 

Wake - Conn

Middle school: 

Wake - Oberlin

High school: 

Unknown

High school district: 

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

$293,548
Asking price
$634,000
Closing costs (~8% of asking)
-$50,720
Est. remaining loan balance
-$289,732
Cash to seller
$293,548

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

September 2016

Original loan amount

$348,650

Est. remaining balance

$289,732

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Sarah Angela Parvanta and David Harry Rogoff

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: 07/05/2024 at 1:00 AM

Listing updated: 07/01/2024 at 6:43 PM

Listed by: Gonzalo Esteban Arriagada, Fogata Realty Phone #: (919) 260-0173

MLS: TriangleMLS #10005755

TriangleMLS logo

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