tomo logo

$299,000

Beds
3
Baths
1.5
sq ft
1,288

615 Locust Lane, Raleigh, NC 27603

615 Locust Lane

Raleigh, NC 27603

  • <1 day on market
This charming 3-bedroom, 1.5-bathroom brick ranch home offers both character and recent updates, all at an incredible value. Built in 1965 this home features a new roof and water heater installed (2024). Additional work has been done on the septic tank (2022) and a vapor barrier and updated vents added to crawl space (2022), providing peace of mind and added value. Nestled on almost an acre private lot with its own well, the property also includes a detached garage and storage shed—ideal for extra storage or a workshop. Sold as-is, this home is move-in ready but provides room to add your personal touch. This is a fantastic opportunity for first-time buyers or anyone seeking great value in Raleigh. Schedule a showing today—this gem won't last long!

Details

Property type

Single Family Residence

Est. home value

$271,278

Lot size

0.47 acres

Price per sq ft

$233

Year built

1965

Annual property taxes

$1,607

Price History

11/05/2024
TriangleMLS

TriangleMLS #10061896

Listed
$299,000
+32.89%
10/28/2022
TriangleMLS

TriangleMLS #2477784

Sold
$225,000

Schools & Community

Elementary school: 

Wake - Smith

Middle school: 

Wake - North Garner

High school: 

Wake - Garner

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

$60,103
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$214,977
Cash to seller
$60,103

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

October 2022

Original loan amount

$220,924

Est. remaining balance

$214,977

Interest rate

5.66%

Loan type

FHA, 30 year

Seller

Lucas Dahrooge and Mark Dahrooge

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: 11/05/2024 at 8:45 PM

Listing updated: 11/05/2024 at 7:31 PM

Listed by: Diane Hayes, Allen Tate/Raleigh-Glenwood Phone #: (919) 719-2900

MLS: TriangleMLS #10061896

TriangleMLS logo

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