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$625,000

Beds
3
Baths
2.5
sq ft
1,252

718 East Davie Street, Raleigh, NC 27601

718 East Davie Street

Raleigh, NC 27601

  • 21 days on market
Stunning 2-story home constructed in 2017, gracefully situated on a corner lot within the charming Olde East neighborhood in Downtown Raleigh. Welcoming rocking chair front porch sets the tone for this inviting abode. The open and airy floor plan boasts stainless steel appliances, granite countertops, and abundant natural light, creating a warm and inviting atmosphere. A remarkable backyard oasis, added by the previous owners in 2021, expands the outdoor living space of the home by over 240 square feet, perfect for relaxing or entertaining guests. Gleaming hardwood floors adorn the main level and bedrooms, enhancing the home's elegance. The chef's kitchen is a culinary delight, offering ample space and top-of-the-line amenities. Conveniently located within walking distance to Transfer Food Hall, adding to the vibrant lifestyle this neighborhood offers.

Details

Property type

Single Family Residence

Est. home value

$581,902

Lot size

5,662.8 sq ft

Price per sq ft

$500

Year built

2017

Annual property taxes

$4,487.91

Price History

06/13/2024
TriangleMLS

TriangleMLS #10035374

Listed
$625,000
+5.93%
07/01/2022
TriangleMLS

TriangleMLS #2451419

Sold
$590,000
+73.53%
05/23/2017
TriangleMLS

TriangleMLS #2120785

Sold
$340,000

Schools & Community

Neighborhood: 

South Central

Elementary school: 

Wake - Hunter

Middle school: 

Wake - Ligon

High school: 

Wake - Enloe

Community features: 

None

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

$42,050
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$532,950
Cash to seller
$42,050

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

Seller’s Loan History

Lender

Highlands Residential Mortgage Ltd

Loan start date

June 2022

Original loan amount

$548,700

Est. remaining balance

$532,950

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Emily Catherine Kelly and Philip Stephen Pastor

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: 07/04/2024 at 10:50 PM

Listing updated: 06/13/2024 at 1:07 PM

Listed by: Cathy Reed, Dogwood Properties Phone #: (919) 427-9239

MLS: TriangleMLS #10035374

TriangleMLS logo

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