tomo logo

$644,500

Beds
3
Baths
2.0
sq ft
2,021

725 South State Street, Raleigh, NC 27601

725 South State Street

Raleigh, NC 27601

  • 34 days on market
    • Price drop $10,000↓
Discover modern living in the heart of downtown Raleigh with this beautifully updated 2,000 sq. ft. ranch! Boasting hardwood floors throughout, this home exudes timeless charm with a sleek, contemporary twist. The chef's kitchen features a gas range, quartz countertops, and ample prep space, plus a bar nook with built-in wine fridge, making it perfect for cooking and entertaining. The backyard is ideal for pets or relaxing outdoor gatherings. The location is ideal. A quick drive or walk from Transfer Co. Food Hall and minutes from Raleigh's vibrant shops and restaurants, this home offers unbeatable convenience. Enjoy a perfect blend of comfort, style, and accessibility in one of the city's most sought-after areas. Don't miss your chance to own this downtown gem! Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$620,725

Lot size

7,840.8 sq ft

Price per sq ft

$319

Year built

2017

Annual property taxes

$5,205.81

Price History

01/09/2025
TriangleMLS

TriangleMLS #10067536

Price change
$644,500
-1.53%
12/17/2024
TriangleMLS

TriangleMLS #10067536

Listed
$654,500
+31.43%
08/28/2020
TriangleMLS

TriangleMLS #2331451

Sold
$498,000
+27.69%

Schools & Community

Neighborhood: 

South Central

Elementary school: 

Wake County Schools

Middle school: 

Wake County Schools

High school: 

Wake County Schools

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

$255,658
Asking price
$644,500
Closing costs (~8% of asking)
-$51,560
Est. remaining loan balance
-$337,282
Cash to seller
$255,658

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

$337,282

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: Active

Tomo last checked: 01/21/2025 at 7:20 AM

Listing updated: 01/09/2025 at 4:31 PM

Listed by: Bobby Bryant, Coldwell Banker Advantage-Smit Phone #: (919) 300-0207

MLS: TriangleMLS #10067536

TriangleMLS logo

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