tomo logo

$590,000

Beds
3
Baths
2.5
sq ft
1,541

727 Martin Luther King Jr Boulevard, Raleigh, NC 27601

727 Martin Luther King Jr Boulevard

Raleigh, NC 27601

  • <1 day on market
    • Open house Feb 01
Experience modern city living at its finest in this custom-built gem perfectly situated in the heart of Raleigh. Located within walking distance to trendy restaurants, lively food halls, and cultural hotspots, this home offers a lifestyle of convenience and excitement. Nearby attractions include the NC State Farmers Market, renowned museums, and highly rated magnet schools. Step inside and fall in love with the open-concept design, perfect for entertaining or relaxing by the cozy fireplace. The chef-inspired kitchen boasts quartz countertops, brand-new stainless steel appliances, and sleek shaker cabinets with ample storage. The private balcony offers breathtaking views—a perfect spot for morning coffee or evening wine. Additional highlights include a wet bar for entertaining, two-car garage with epoxy flooring and an enlarged driveway, custom blinds and abundant natural light, zoned heating and cooling for year-round comfort, an energy-efficient tankless water heater, and a gas stove. With easy access to highways, this home is a commuter's dream—just 19 miles from RDU Airport and 2 miles from the Amtrak station. Situated at the intersection of MLK Jr. Blvd and State Street, and neighboring Ligon Middle School Yard, this property combines style, convenience, and prime location into one perfect package.

Details

Property type

Single Family Residence

Est. home value

$551,491

Lot size

2,613.6 sq ft

Price per sq ft

$383

Year built

2023

Annual property taxes

$5,568.7

Price History

01/23/2025
TriangleMLS

TriangleMLS #10072292

Listed
$590,000
-1.67%
12/21/2024
TriangleMLS

TriangleMLS #10057310

Removed
$600,000
11/18/2024
TriangleMLS

TriangleMLS #10057310

Price change
$600,000
-3.23%

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

$6,497
Asking price
$590,000
Closing costs (~8% of asking)
-$47,200
Est. remaining loan balance
-$536,303
Cash to seller
$6,497

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

May 2023

Original loan amount

$546,575

Est. remaining balance

$536,303

Interest rate

6.28%

Loan type

VA, 30 year

Seller

Debra Santiago and Cesar A Santiago

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: 01/23/2025 at 2:05 PM

Listing updated: 01/23/2025 at 10:10 AM

Listed by: Nay Hydro, Choice Residential Real Estate Phone #: (919) 720-4991

MLS: TriangleMLS #10072292

TriangleMLS logo

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