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1023 West South Street

1023 West South Street, Raleigh, NC 27603
Sold Jul 01, 2021
$685,000
$548,250 by Prosperity Home Mortgage Llc
Mortgage Due Aug 01, 2051
Sold Sep 30, 2019
$415,000
1023 West South Street in Raleigh, NC was first built in 1920 and is 104 years old. Although, the building on the property was most recently renovated and altered in 1985. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1023 West South Street has 2,050 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,276 square feet.

Learn more about the property and building on this page. The home has a hip style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1023 West South Street was last sold in Jul 1, 2021 for $685,000. According to our calculations, that's $334.15 per sqft. Prior to that sales transaction, the property was sold for $415,000 in Sep 30, 2019. Current property owners are expected to pay $5,326 in taxes per year. The property on 1023 West South Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $524,020. To break that down further, the land itself was valued at $300,000. While improvements to the property were assessed at a total of $224,020. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1985
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Business/Commerical Units Count: 61
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,050
  • Building Area: 2,050
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,050
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BOYLAN HEIGHTS
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO219 BOYLAN HEIGHTS

Ownership

  • Current Owner : ELLARD JULIA
  • Current Owner 2: ELLARD HUGH
  • Previous Owner : COLLINS LESLIE
  • Owner Before Previous Owner: JOHNSON MARK ALAN LAMONTE
  • Owner Before Previous Owner 2: JOHNSON JENNIFER LAMONTE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051000

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0004968
  • District: 01
  • Parcel: 1703.09-26-4669 0004968
  • Lot: 219
  • Municipality: RALEIGH
  • Latitude: 35.7737
  • Longitude: -78.6545

    Address

  • Full Address: 1023 W South St
  • Address - House Number: 1023
  • Street Direction: W
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C029
  • 4-Digit Zip Code: 2161
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,326

    Appraisal Valuation

  • Standard Deviation: 0.1326
  • Valuation Date: Sep 21, 2022
  • Confidence Score: 84
  • Final Value: 753,383
  • High Value: 853,326
  • Low Value: 653,441

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $650,750
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 01, 2021
  • First Open Lien Mortgage Loan Amount: $548,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051
  • Second Open Lien Mortgage Lender: COASTAL FCU
  • Second Open Lien Mortgage Recording Date: Jul 01, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $102,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $524,020
  • Market Land Value: $300,000
  • Market Improvement Value: $224,020

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $524,020
  • Assessed Land Value: $300,000
  • Assessed Improvements Value: $224,020

    Sales

  • Current Sale Contract Date: Jul 01, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Transaction ID: 11844745238
  • Current Sale Price: $685,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 30, 2019
  • Previous Sale Contract Date: Sep 30, 2019
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 01, 2021
  • First Mortgage Loan Amount: $548,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

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Frequently Asked Questions

What neighborhood is 1023 West South Street located in?
The 1023 West South Street is a house located in the neighborhood of Boylan Heights in Central Raleigh, Raleigh.
What is the average sales price for listings in 1023 West South Street?
The average sales price for units in 1023 West South Street is $0 currently.

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