tomo logo

$550,000

Beds
2
Baths
2.5
sq ft
1,426

725 Parkham Lane, Raleigh, NC 27603

725 Parkham Lane

Raleigh, NC 27603

  • 2 days on market
Downtown Living with a Private Outdoor Paradise - Just Minutes from the Heart of the City! This beautifully updated home features a spacious open floor plan with 9 ft. ceilings, crown molding, and an abundance of natural light. It offers dual master suites, each with its own full bathroom and walk-in closet, making it ideal for various living situations. The fully refurbished kitchen boasts granite countertops, white cabinets, all-new stainless-steel appliances, and a stunning herringbone marble backsplash. The bathrooms have been upgraded with new countertops, toilets, and fixtures for a fresh, modern feel. Hardwood floors flow throughout the home, with the stairs seamlessly blending the refinished downstairs (2019) with newly installed hardwoods upstairs (2020). Both upstairs bathrooms and the laundry room have been tiled for added durability and style. Custom shelves and cabinets in all closets and the laundry room maximize organization. Step outside to the low-maintenance private patio, designed for relaxation, featuring artificial turf, a brick skirt extending the concrete pad, and a full fence for added privacy. Enjoy year-round comfort with a new HVAC system (2021), complete with dual-zone temperature control, Google Nest smart thermostats, and an enhanced air filtration system. Smart home features, including ceiling fans, a doorbell, and a Yale Google Smart Lock, offer convenience and security. Walkable to Glenwood South, Fayetteville Street, Boylan Heights, and Hillsborough Street, this home is ideally located in the heart of downtown living!

Details

Property type

Townhouse

Est. home value

$545,061

Property condition

Updated/Remodeled

Lot size

1,306.8 sq ft

Price per sq ft

$386

Year built

1999

Annual property taxes

$3,753

Monthly HOA fee

$148

Price History

02/20/2025
TriangleMLS

TriangleMLS #10077563

Listed
$550,000
+33.5%
08/17/2020
TriangleMLS

TriangleMLS #2331173

Sold
$412,000
+30.79%
06/01/2017
TriangleMLS

TriangleMLS #2118545

Sold
$315,000

Schools & Community

Neighborhood: 

Hillsborough

Elementary school: 

Wake - Wiley

Middle school: 

Wake - Oberlin

High school: 

Wake - Broughton

Community features: 

Street Lights

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

$152,635
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$353,365
Cash to seller
$152,635

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2020

Original loan amount

$391,400

Est. remaining balance

$353,365

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Robin Parente

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: 02/22/2025 at 1:35 PM

Listing updated: 02/21/2025 at 5:11 PM

Listed by: Shelley Allen, Carolina's Choice Real Estate Phone #: (919) 788-9525

MLS: TriangleMLS #10077563

TriangleMLS logo

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