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$620,725Estimated home value

Beds
3
Baths
2.0
sq ft
2,014

725 South State Street, Raleigh, NC 27601

725 South State Street

Raleigh, NC 27601

  • Sold On 8/28/2020
Impressive 2000+ sqft Ranch in Hot Area of Downtown! Light & Bright Open Floorplan w/10' Ceilings, Gorgeous Hardwoods & Molding thruout! Kitchen w/Beautiful Backsplash, Gas Stove & Island designed for Entertaining! Huge Dining w/Butler's Pantry! Spacious Master w/Tray Ceiling, Stunning Ensuite &WIC! Sizable Secondary BRs! Enjoy Relaxing on Deck in Private Fenced BY! Fridge, W&D Included! Tankless H2O Heater! No HOA! Walk .5 Mile to Transfer Food Hall/Less than 1 Mile to City Market/Moore Sq. Lots to Love!

Details

Property type

Single Family Residence

Est. home value

$620,725

Lot size

7,840.8 sq ft

Price per sq ft

$249

Year built

2017

Annual property taxes

$3,905

Price History

03/20/2025
TriangleMLS

TriangleMLS #10067536

Removed
$634,500
02/13/2025
TriangleMLS

TriangleMLS #10067536

Price change
$634,500
-1.55%
01/09/2025
TriangleMLS

TriangleMLS #10067536

Price change
$644,500
-1.53%

Schools & Community

Neighborhood: 

South Central

Elementary school: 

Wake - Hunter

Middle school: 

Wake - Ligon

High school: 

Wake - Enloe

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

$124,822
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$335,178
Cash to seller
$124,822

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

Seller’s Loan History

Lender

Sofi Lending Corp

Loan start date

March 2020

Original loan amount

$374,000

Est. remaining balance

$335,178

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Mak Troutman and Anastasia Pankow

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: Off Market

Tomo last checked: 04/01/2025 at 2:00 PM

Listing updated: 02/20/2025 at 2:50 PM

Listed by: Leslie Douglas, The Douglas Realty Group Phone #: (919) 377-8423

MLS: TriangleMLS #2331451

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