tomo logo

$1,250,000

Beds
5
Baths
2.5
sq ft
4,161

7520 Rainwater Road, Raleigh, NC 27615

7520 Rainwater Road

Raleigh, NC 27615

  • 42 days on market
    • Price drop $49,000↓
    • Open house Nov 09
Incredible departure from the ordinary in the middle of coveted North Ridge. This home features designer touches yet provides for cozy and comfortable living. Upon entering in the foyer you will note the study with built in bookshelves and library ladder. The spacious dining room easily fits an oversized table and will surely provide memorable dinner parties and views of the vibrant blooming side yard in spring. The well appointed kitchen with center island opens to family room with new top of the line gas long fireplace. There is endless possibilities for outdoor entertaining in the screened porch with vaulted tongue in groove ceiling, opening to the deck and patio with novelty lighting and feature tree uplighting. Upstairs you will find the large primary bedroom with floating bedside cabinets, walk in closet and private luxury bath. The fourth bedroom has been modified for use as a closet and dressing room, the closet system can convey, or can easily be converted back to a sizable bedroom. The nursery is fitted with a murphy bed which can convey or be removed. With two staircases, The rear staircase leads to the fifth bonus bedroom or one of two oversized bonus spaces which is perfect for multi use. The laundry room is complete with built in ironing board, utility sink and drying racks. The finished third floor provides more living space for crafting, game room or office use. You will not lack for storage in the oversize garage that easily fits two cars, Trucks and SUVs, huge pantry and third floor walk in attic. The property is fenced on both sides and in the rear with remote control gate at the driveway for your private oasis complete with hedges, beautiful flowering plants & landscaping that includes remote control irrigation& drip lines, mature trees and up lighting. Roof (2013) HVAC (2021,2022, Furnace/ AirHandler in 2021 all with annual check & tuneups maintained) Recessed lighting(2021) Landscaping, Grading & Drainage (2022) Wi-Fi Irrigation(2022)Tankless WaterHeater(2022) Fence & Automatic Gate (2022)

Details

Property type

Single Family Residence

Est. home value

$996,251

Lot size

0.37 acres

Price per sq ft

$301

Year built

1990

Annual property taxes

$8,515.38

Price History

10/21/2024
TriangleMLS

TriangleMLS #10055198

Price change
$1,250,000
-3.77%
09/27/2024
TriangleMLS

TriangleMLS #10055198

Listed
$1,299,000
+89.64%
02/25/2021
TriangleMLS

TriangleMLS #2361942

Sold
$685,000
+15.51%

Schools & Community

Neighborhood: 

North Raleigh

Elementary school: 

Wake - North Ridge

Middle school: 

Wake - West Millbrook

High school: 

Wake - Millbrook

Community features: 

Curbs, Sidewalks, Street Lights

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

$663,617
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$486,383
Cash to seller
$663,617

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

Seller’s Loan History

Lender

Townebank

Loan start date

February 2021

Original loan amount

$530,875

Est. remaining balance

$486,383

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Casey Monaghan and Kelsey Werder

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: 11/08/2024 at 3:45 PM

Listing updated: 11/06/2024 at 7:30 PM

Listed by: Brian Wolborsky, Allen Tate/Raleigh-Falls Neuse Phone #: (919) 866-4600

MLS: TriangleMLS #10055198

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