tomo logo

$600,000

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

  • 40 days on market
    • Price drop $20,000↓
    • Open house Nov 23
This home offers the perfect location within walking distance to a variety of restaurants and Food Halls. Nearby you'll find YMCAs, an array of museums, the North Carolina State Farmers Market, and highly rated magnet schools. Inside, you'll find an open-concept living space with a cozy fireplace and wet bar. Kitchen is equipped with quartz countertops, new stainless steel appliances, and shaker-style cabinets offering plenty of storage Step out onto the balcony and enjoy beautiful views of Raleigh's skyline. Other standout features include a two-car garage with an epoxy floor, an enlarged paved driveway, custom blinds, a cozy fireplace, abundant sunlight, zoned heating and cooling, tankless water heater, and a gas stove. Conveniently located with easy highway access, just 19 miles from RDU Airport and 2 miles from the Amtrak station, this home brings together comfort, style, and prime city living.

Details

Property type

Single Family Residence

Est. home value

$551,491

Lot size

2,613.6 sq ft

Price per sq ft

$390

Year built

2023

Annual property taxes

$5,568.72

Price History

11/18/2024
TriangleMLS

TriangleMLS #10057310

Price change
$600,000
-3.23%
10/09/2024
TriangleMLS

TriangleMLS #10057310

Listed
$620,000
+12.73%
05/25/2023
TriangleMLS

TriangleMLS #2489083

Sold
$550,000
+6775%

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

$14,567
Asking price
$600,000
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$537,433
Cash to seller
$14,567

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

$537,433

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?

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Status: Active

Tomo last checked: 11/19/2024 at 8:40 AM

Listing updated: 11/18/2024 at 12:51 PM

Listed by: Nay Hydro, Fathom Realty NC Phone #: (888) 455-6040

MLS: TriangleMLS #10057310

TriangleMLS logo

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