tomo logo

$535,000

Beds
3
Baths
2.5
sq ft
2,582

725 Summer Music Lane, Raleigh, NC 27603

725 Summer Music Lane

Raleigh, NC 27603

  • 70 days on market
    • Price drop $10,000↓
Stunningly charming Charleston Row style home in an unmatched location just 15 mins from DT Raleigh, and 15 min walk to grocery store and restaurants. Community pool, gym, tennis, playgrounds, and volleyball all included in HOA. Open floor plan with screened in porch and rear load 2 car garage. Oversized primary suite, ensuite and walk in closet. A gardeners dream with with newly installed privacy fencing for the side yard that gets full sun, including new raised garden beds for you to grow your own veg and herbs. In addition.. enjoy minimal power bills with the new home solar system.

Details

Property type

Single Family Residence

Est. home value

$521,936

Lot size

5,227.2 sq ft

Price per sq ft

$208

Year built

2013

Annual property taxes

$3,745.62

Monthly HOA fee

$81.5

Price History

09/07/2024
TriangleMLS

TriangleMLS #10040389

Price change
$535,000
-1.83%
07/16/2024
TriangleMLS

TriangleMLS #10040389

Price change
$545,000
-6.03%
07/10/2024
TriangleMLS

TriangleMLS #10040389

Listed
$580,000
+19.59%

Schools & Community

Neighborhood: 

Southwest Raleigh

Elementary school: 

Wake - Smith

Middle school: 

Wake - North Garner

High school: 

Wake - Garner

Community features: 

Pool, Fitness Center, Park, Playground, Tennis Court(s)

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

$125,262
Asking price
$535,000
Closing costs (~8% of asking)
-$42,800
Est. remaining loan balance
-$366,938
Cash to seller
$125,262

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

January 2022

Original loan amount

$388,000

Est. remaining balance

$366,938

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Heather Storm and Luke Storm

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?

Similar Homes Nearby

Price drop
TriangleMLS
$575,000
3 bd
|
2.5 ba
|
2,475 sq ft
|
House

1336 Ileagnes Road, Raleigh, NC 27603

TriangleMLS
$550,000
3 bd
|
2.5 ba
|
2,217 sq ft
|
House

1337 Formal Garden Way, Raleigh, NC 27603

Pending
TriangleMLS
$565,000
3 bd
|
2.5 ba
|
2,516 sq ft
|
House

1428 Palace Garden Way, Raleigh, NC 27603

Status: Active

Tomo last checked: 09/19/2024 at 5:25 AM

Listing updated: 09/06/2024 at 9:43 PM

Listed by: Phillip A Marquis, Marquis Realty Phone #: (919) 805-2664

MLS: TriangleMLS #10040389

TriangleMLS logo

Recently listed in Raleigh