tomo logo

$551,491Estimated home value

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

  • Sold On 5/25/2023
Gorgeous new construction in downtown Raleigh! Easy walk to Transfer Co. Food Hall! Sip coffee on your upstairs balcony while taking in Raleigh's skyline. This 3 bed/2.5 bath home features an open concept main living space with fireplace and wet bar. Great for entertaining! Kitchen features quartz countertops, stainless steel brand new appliances, and shaker style cabinets with tons of storage (Please note a change in the Decorative Selections document: it states that the upper kitchen cabinets will be white. In actuality all kitchen cabinets are grey.)! Two-car garage!! No HOA; great opportunity for short-term or mid-term rental investors (see city of Raleigh's short-term rental regulations).

Details

Property type

Single Family Residence

Est. home value

$551,491

Property condition

New Construction

Lot size

2,613.6 sq ft

Price per sq ft

$357

Year built

2023

Price History

12/21/2024
TriangleMLS

TriangleMLS #10057310

Removed
$600,000
11/18/2024
TriangleMLS

TriangleMLS #10057310

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

TriangleMLS #10057310

Listed
$620,000
+12.73%

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

-$30,961
Asking price
$549,900
Closing costs (~8% of asking)
-$43,992
Est. remaining loan balance
-$536,869
Cash to seller
-$30,961

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

$536,869

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?

Similar Homes Nearby

Price drop
TriangleMLS
$645,000
3 bd
|
2.5 ba
|
1,648 sq ft
|
House

27 Summit Avenue, Raleigh, NC 27603

Price drop
TriangleMLS
$545,000
3 bd
|
2.5 ba
|
1,751 sq ft
|
House

412 Bragg Street, Raleigh, NC 27601

Price drop
TriangleMLS
$499,000
3 bd
|
2.5 ba
|
1,762 sq ft
|
House

421 Rose Ln, Raleigh, NC 27610

Status: Off Market

Tomo last checked: 12/22/2024 at 5:00 AM

Listing updated: 02/22/2024 at 9:54 PM

Listed by: Joe S Kolousek, Society Real Estate, LLC Phone #: (919) 825-0292

MLS: TriangleMLS #2489083

TriangleMLS logo

Recently listed in Raleigh