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$455,000

Beds
4
Baths
3.5
sq ft
1,949

816 Peyton Street, Raleigh, NC 27610

816 Peyton Street

Raleigh, NC 27610

  • 44 days on market
Beautifully updated income producing property. This property has a special use permit so you could do assisted living, group home, or as is currently an ABNB. The potential on this property is amazing! You will want to see this 4 bedroom stunner that is leased through 12/24. The lease will transfer to the new owner. The home features four bedrooms, three full bathrooms, one 1/2 bath, a fenced in back yard with fire pit and a location that is worth every penny to be close to all downtown Raleigh offers. On the the bus line for easy transit options.

Details

Property type

Single Family Residence

Est. home value

$375,692

Property condition

Updated/Remodeled

Lot size

0.24 acres

Price per sq ft

$234

Year built

1960

Annual property taxes

$1,797.79

Price History

08/05/2024
TriangleMLS

TriangleMLS #10045187

Listed
$455,000
+23.64%
07/12/2023
TriangleMLS

TriangleMLS #2484084

Sold
$368,000
+22.26%
04/12/2022
TriangleMLS

TriangleMLS #2432822

Sold
$301,000

Schools & Community

Neighborhood: 

Southeast Raleigh

Elementary school: 

Wake - SE Raleigh

Middle school: 

Wake - Centennial Campus

High school: 

Wake - S E Raleigh

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

$164,333
Asking price
$455,000
Closing costs (~8% of asking)
-$36,400
Est. remaining loan balance
-$254,267
Cash to seller
$164,333

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

July 2023

Original loan amount

$257,600

Est. remaining balance

$254,267

Interest rate

6.57%

Loan type

New Conventional, 30 year

Seller

Dipak Patel and Bijal Patel

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: 09/19/2024 at 5:25 AM

Listing updated: 09/12/2024 at 11:19 PM

Listed by: Carrie Guerreiro, HEARTHSTRING REALTY INC. Phone #: (919) 539-3894

MLS: TriangleMLS #10045187

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