tomo logo

$1,100,000

Beds
6
Baths
3.0
sq ft
2,690

701 Glascock Street, Raleigh, NC 27604

701 Glascock Street

Raleigh, NC 27604

  • 34 days on market
OUTSTANDING INVESTMENT OPPORTUNITY! Discover the charm of neighborhood living with this stunning downtown 3-unit duplex + ADU located in the Mordecai neighborhood, steps from Brookside Market and The Optimist coffee shop! Featuring three spacious 1-story, 2-bedroom/1-bath units. This property is currently a very successful and fully occupied long term rental. This location and unit type could be a great option for midterm or short term rentals. There are $1.5M+ new builds across the street from this property, showcasing how highly desirable this location is in Mordecai. Contact for current financials and to schedule a showing. Take advantage of this rare opportunity today!

Details

Property type

Apartment

Est. home value

$772,414

Lot size

9,147.6 sq ft

Price per sq ft

$409

Year built

2020

Annual property taxes

$6,803.88

Price History

10/15/2024
TriangleMLS

TriangleMLS #10058372

Listed
$1,100,000
+201.37%
12/24/2020
TriangleMLS

TriangleMLS #2352072

Sold
$365,000
+37.74%
02/16/2017
TriangleMLS

TriangleMLS #2104929

Sold
$265,000
+70.97%

Schools & Community

Neighborhood: 

East Raleigh

Elementary school: 

Wake - Conn

Middle school: 

Wake - Ligon

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

$430,197
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$581,803
Cash to seller
$430,197

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

Seller’s Loan History

Lender

Milo Credit Llc

Loan start date

May 2022

Original loan amount

$607,500

Est. remaining balance

$581,803

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

High East Llc

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: 11/19/2024 at 10:25 AM

Listing updated: 10/24/2024 at 9:45 AM

Listed by: Matthew Tomasulo, Elm Partners Phone #: (860) 836-4891

MLS: TriangleMLS #10058372

TriangleMLS logo

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