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126 Groveland Avenue

126 Groveland Avenue, Raleigh, NC 27605
Multifamily in Cameron Park
Sold Oct 07, 2021
$1,300,000
$800,000 by Townebank
Mortgage
Sold Jun 16, 2014
$700,000
$700,000 by Laura Kilpatrick Hales Etal
Mortgage
126 Groveland Avenue has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 1935 and is 89 years old. However, we must point out that the home was most recently renovated and altered in 2007. The building has a total of 2 stories. In addition, 126 Groveland Avenue has 4,478 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,177 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 8,276 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The building has a hip style roof. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 126 Groveland Avenue was last sold in Oct 6, 2021 for $1,300,000. According to our calculations, that's $290.31 per sqft. Prior to that sales transaction, the property was sold for $700,000 in Jun 16, 2014. Current property owners are expected to pay $6,563 in taxes per year. The property on 126 Groveland Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $561,155. To break that down further, the land itself was valued at $165,354. While improvements to the property were assessed at a total of $395,801. 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. 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. 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.

Building Features

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 2007
  • Total Rooms: 12
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Good
  • Construction Type: Brick
  • Building Style: Duplex
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Full basement
  • Basement Area: 1,177
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 4,478
  • Building Area: 4,478
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,478
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CAMERON PARK
  • Land Acres: 0.19
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LO10 CAMERON PARK BL4 BM1911-00009

Ownership

  • Current Owner : ELM STREET CAFE LLC
  • Previous Owner : FRIGG LLC
  • Owner Before Previous Owner: HALES LAURA KILPATRICK
  • Owner Before Previous Owner 2: CRAIGE HALES W
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag Date: Nov 10, 2022

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: HMD
  • Census Tract: 051200

Zoning

  • Zoning: OX-3

Geography

  • Assessors Map Reference: BK 1911 PG 9
  • Account Number: 0062315
  • District: 01
  • Parcel: 1704.17-01-6424 0062315
  • Block: 4
  • Lot: 10
  • Municipality: RALEIGH
  • Latitude: 35.7868
  • Longitude: -78.6607

    Address

  • Full Address: 126 Groveland Ave
  • Address - House Number: 126
  • Address - Street Name: Groveland
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C009
  • 4-Digit Zip Code: 1629
  • Zip Code: 27605

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,563

    Appraisal Valuation

  • Standard Deviation: 0.1173
  • Valuation Date: Nov 02, 2022
  • Confidence Score: 87
  • Final Value: 836,730
  • High Value: 934,948
  • Low Value: 738,513

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $800,000
  • First Open Lien Mortgage Lender: TOWNEBANK
  • First Open Lien Mortgage Recording Date: Dec 02, 2021
  • First Open Lien Mortgage Loan Amount: $800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $561,155
  • Market Land Value: $165,354
  • Market Improvement Value: $395,801

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $561,155
  • Assessed Land Value: $165,354
  • Assessed Improvements Value: $395,801

    Sales

  • Current Sale Contract Date: Oct 06, 2021
  • Current Sale Recording Date: Oct 07, 2021
  • Current Sale Transaction ID: 11865723614
  • Current Sale Price: $1,300,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 16, 2014
  • Previous Sale Contract Date: Jun 16, 2014
  • Previous Sale Amount: $700,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: LAURA KILPATRICK HALES ETAL
  • Previous Mortgage Transaction Date: Jun 16, 2014
  • Previous Mortgage Loan Amount: $700,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About University



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$1,695 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,438 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 126 Groveland Avenue located in?
The 126 Groveland Avenue is a multifamily located in the neighborhood of Cameron Park in University, Raleigh.
What is the average sales price for listings in 126 Groveland Avenue?
The average sales price for units in 126 Groveland Avenue is $0 currently.

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