1024 Lynn Road

Local assessors in Raleigh, NC have categorized 1024 Lynn Road as a commercial type of property. The home was built in 1956 and is 68 years old. It was most recently renovated and altered in 1973. The property's lot size has been calculated to be 42,689 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1024 Lynn Road has a total of 5,704 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 1024 Lynn Road is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1024 Lynn Road sold most recently in Jan 25, 2022 for a total of $1,000,000. If you work out the math, that's approximately a cost of $175.32 per sqft. Before that, the property was also sold for $100,000 in Nov 3, 1986. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,691 in taxes each year. 1024 Lynn Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $613,592. If we break it down further, the land itself was valued at $392,000. Improvements to the property, however, were assessed at a total of $221,592. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.