tomo logo

$1,499,000

Beds
5
Baths
6.5
sq ft
5,467

717 Penn Road, Raleigh, NC 27604

717 Penn Road

Raleigh, NC 27604

  • 163 days on market
    • Price drop $51,000↓
Welcome to this stunning newly built Single Family home located at 717 Penn Rd, Raleigh, NC. This modern masterpiece was completed in June 2023 with meticulous attention to detail and high-end finishes throughout. With 6 bathrooms, 1 half bathroom, and a spacious finished area of 5,467 sq.ft., this home offers plenty of room for comfortable living and entertaining. As you enter the home, you are greeted by a grand two-story foyer that leads into the open concept living area. The complete first floor with its 10 ft ceiling height has a gourmet kitchen and is a chef's dream, featuring top-of-the-line appliances, custom cabinetry, and a large island with seating. The kitchen flows seamlessly into the dining area and family room, creating the ideal space for gatherings with family and friends. The primary suite is a true retreat, boasting a luxurious en-suite bathroom with a soaking tub, dual vanities, and a walk-in shower. With five additional bedrooms, each with their own en-suite bathroom, there is plenty of room for guests or a growing family. The garage is large and can park 2 full sized suburbans and still have room. The third floor features a spacious loft area that can be used as a media room, home office, or playroom. The home also includes a laundry room, mudroom, and attached garage for added convenience. Situated on a generous lot size of 9,583 sq.ft., the outdoor space is just as impressive as the interior. The backyard offers ample space for outdoor entertaining, gardening, or simply enjoying the beautiful North Carolina weather. The backyard is surrounded with a 8 ft customized fence for privacy and entertaining. Located in a recommendable neighborhood in Raleigh, this home is conveniently located near shopping, dining, parks, and top-rated schools. A family park is located only a block away and a pet friendly park as well. Don't miss your opportunity to own this brand new, impeccably designed home in a prime location. Book your showing today and experience luxury living at its finest at 717 Penn Rd. The property is priced below tax value, and appraised value giving a new owner a great equity position in this custom first class home. The home comes with a builders 1 year warranty after purchase .

Details

Property type

Single Family Residence

Est. home value

$1,505,271

Property condition

Updated/Remodeled

Lot size

9,583.2 sq ft

Price per sq ft

$275

Year built

2022

Annual property taxes

$9,577

Price History

02/12/2025
TriangleMLS

TriangleMLS #10052091

Price change
$1,499,000
-3.29%
09/12/2024
TriangleMLS

TriangleMLS #10052091

Listed
$1,550,000
08/28/2024
TriangleMLS

TriangleMLS #10039041

Removed
$1,550,000

Schools & Community

Neighborhood: 

North Central

Elementary school: 

Wake - Conn

Middle school: 

Wake - Ligon

High school: 

Wake - Enloe

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

The Fidelity Bank

Loan start date

July 2021

Original loan amount

$111,750

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

Building or Construction Loan

Seller

Lloyd L Nichols 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?

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Status: Active

Tomo last checked: 02/22/2025 at 9:35 PM

Listing updated: 02/18/2025 at 9:30 AM

Listed by: Nicholas Huscroft, Chosen Real Estate Group Phone #: (330) 249-3499

MLS: TriangleMLS #10052091

TriangleMLS logo

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