tomo logo

$735,000

Beds
4
Baths
3.5
sq ft
3,606

7601 Matherly Drive, Wake Forest, NC 27587

7601 Matherly Drive

Wake Forest, NC 27587

  • 80 days on market
    • Price drop $4,900↓
Stately brick front colonial is nestled in the highly desired town of Wake Forest spanning over one acre on a beautifully landscaped corner lot. The expansive drive leads you up to a 2-car side facing garage with pathway to a cozy covered porch for an inviting entry into the main estate. Offset staircase gives room to greet guests with bamboo flooring and an open and airy floorplan that expands to view the second-floor catwalk. An elegant formal dining room features tray ceiling and detailed molding with arched doorway. A spacious great room with gas log fireplace and a 2 story wall of windows provide an abundance of natural light. An incredible kitchen is complete with Butler's pantry, drink fridge, Stainless Steel appliances, recessed lighting, granite countertops, pantry for added storage, and a bright, cozy breakfast nook for casual dining. An adjacent sunroom creates a lovely space to entertain or relax after a long week. First floor owner's suite serves as a private retreat showcasing tray ceiling, walk-in closet, and a luxurious bath equipped with walk-in glass shower, jetted garden tub, double vanities, and a private water closet. The laundry room with convenient utility sink is also on the first floor. The 2nd floor features another suite, perfect as an in-law or guest suite, 2 more bedrooms, and a bonus room, perfect for hosting games, a private study station, or home gym. The 3rd floor is finished and completely open offering a multitude of options to fit your needs. Storage is available off the 2nd floor suite on both sides as well as the back bedroom. The backyard boasts an over-sized deck and fully established vegetable garden. Located 1 Mile From US-1 and 10 Miles from I-540, this property Is ideally located for access to dining, boutique and retail shopping, commuting, recreational, and entertainment options.

Details

Property type

Single Family Residence

Est. home value

$708,630

Lot size

1.12 acres

Price per sq ft

$204

Year built

2002

Annual property taxes

$4,712.03

Price History

12/02/2024
TriangleMLS

TriangleMLS #10055962

Listed
$735,000
11/11/2024
TriangleMLS

TriangleMLS #10055962

Pending
$735,000
11/04/2024
TriangleMLS

TriangleMLS #10055962

Price change
$735,000
-0.66%

Schools & Community

Elementary school: 

Wake - North Forest

Middle school: 

Wake - Wake Forest

High school: 

Wake - Wake Forest

Community features: 

None

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

$366,673
Asking price
$735,000
Closing costs (~8% of asking)
-$58,800
Est. remaining loan balance
-$309,527
Cash to seller
$366,673

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

Seller’s Loan History

Lender

First Citizens Bank & Trust Co

Loan start date

November 2021

Original loan amount

$332,000

Est. remaining balance

$309,527

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Byung S Lee and Im Soon Lee

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

New
TriangleMLS
$630,000
4 bd
|
3.5 ba
|
3,435 sq ft
|
House

1101 Trammel Court, Wake Forest, NC 27587

Price drop
TriangleMLS
$612,000
4 bd
|
3.5 ba
|
3,243 sq ft
|
House

1113 Chilmark Avenue, Wake Forest, NC 27587

Price drop
TriangleMLS
$739,900
4 bd
|
3.5 ba
|
3,654 sq ft
|
House

12420 Fieldmist Drive, Raleigh, NC 27614

Status: Active

Tomo last checked: 12/22/2024 at 11:50 AM

Listing updated: 12/18/2024 at 1:55 PM

Listed by: Erica Anderson, Team Anderson Realty Phone #: (919) 610-5126

MLS: TriangleMLS #10055962

TriangleMLS logo

Recently listed in Wake Forest

$1,599,900|5 bd|5.5 ba|House
$378,400|3 bd|2.5 ba|Townhouse
$322,990|3 bd|2.5 ba|Townhouse
$310,990|3 bd|2.5 ba|Townhouse
$310,990|3 bd|2.5 ba|Townhouse
$310,990|3 bd|2.5 ba|Townhouse
$322,990|3 bd|2.5 ba|Townhouse