See Home Value
$540,000 - $658,000
House - Off Market

1500 Favorwood Court

Raleigh, NC 27615
bedrooms
4 Beds
bathrooms
3 Baths
Sold Dec 03, 1986
$113,000
$1,435,000 by North State Bank
Mortgage Due Jun 25, 2025

About This Property

Amazing chance to own a home in desirable North Ridge community! This 3-sides-brick charmer sits on a beautiful, wooded, cul-de-sac lot just off Harps Mill Rd across from the 11th hole of the NRCC golf course. With 4 bedrooms and 3 full baths, this home is ready for you to move into today! Hardwood floors through most of the upper level. Primary bedroom and a second bedroom, each with their own full bath can be found upstairs. Nice kitchen with granite countertops and stainless appliances opens to the eat-in breakfast area. Kitchen/ breakfast has ample storage space in the raised panel cherry cabinets, and plenty of natural light coming in from the windows. Bathrooms feature tile floors and solid surface vanities. Lower level, you'll find a huge flex-space with a fireplace and built-in corner cabinet. Bedroom features custom built-in headboard. Smooth ceilings throughout. There is a large unfinished storage space/utility room which is perfect for off-season storage. The expansive deck and large patio under the deck are perfect for entertaining while overlooking the lovely backyard. Oversized driveway is great for extra parking when having guests! Welcome Home to North Ridge!
Unit Size
-
Days on Market
-
Land Size
0.59 acres
Price per sqft
-
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1978

Price History

Date / Event Date Event Price
Mar 22, 2024 No longer available -
No longer available
Jan 22, 2024 In contract -
In contract
Jan 17, 2024 Listed $599,900
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Split foyer
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 875
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 25,700
  • Total Building Area: 2,275
  • Building Area: 2,275
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,275
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NORTH RDG
  • Land Acres: 0.59
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO37 NRTH RDG SC4 PT D HYMKT BL37

Ownership

  • Current Owner : GOFF RUSSELL W
  • Current Owner 2: GOFF SHEILA A
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054011

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0082481
  • District: 13
  • Parcel: 1717.06-48-4868 0082481
  • Lot: 37
  • Municipality: NEUSE
  • Latitude: 35.8894
  • Longitude: -78.6134

    Address

  • Full Address: 1500 Favorwood Ct
  • Address - House Number: 1500
  • Address - Street Name: Favorwood
  • Address - Suffix Type: Ct
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C012
  • 4-Digit Zip Code: 3602
  • Zip Code: 27615

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,432

    Appraisal Valuation

  • Standard Deviation: 0.0681
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 96
  • Final Value: 605,839
  • High Value: 647,129
  • Low Value: 564,549

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,435,000
  • First Open Lien Mortgage Lender: NORTH STATE BANK
  • First Open Lien Mortgage Recording Date: Mar 21, 2024
  • First Open Lien Mortgage Loan Amount: $1,435,000
  • First Open Lien Mortgage Term: 14
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jun 25, 2025

    Market Valuation

  • Market Total Value: $312,998
  • Market Land Value: $200,000
  • Market Improvement Value: $112,998

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $312,998
  • Assessed Land Value: $200,000
  • Assessed Improvements Value: $112,998

    Sales

  • Current Sale Contract Date: Dec 03, 1986
  • Current Sale Recording Date: Dec 03, 1986
  • Current Sale Transaction ID: 1688806887
  • Current Sale Price: $113,000
  • Current Sale Document Type: Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2.5 Baths
2,750 ft²
$225/ft²
$620,000 Jan 5, 2024
-
$311/mo
House
4 Beds
3.5 Baths
2,354 ft²
$293/ft²
$689,000 Jan 19, 2024
-
$413/mo
In Contract
House
4 Beds
3 Baths
2,510 ft²
$211/ft²
$529,000 Sep 18, 2023
-
$278/mo
House
3 Beds
2 Baths
2,365 ft²
$244/ft²
$577,840 Sep 15, 2023
-
-
House
3 Beds
3 Baths
2,400 ft²
$213/ft²
$509,990 Jun 19, 2023
-
-
House
3 Beds
2 Baths
2,564 ft²
$199/ft²
$508,990 Jun 19, 2023
-
-
House
3 Beds
2 Baths
2,365 ft²
$209/ft²
$493,990 Jun 19, 2023
-
-

About North Raleigh


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Frequently Asked Questions

When was property at 1500 Favorwood Court built and last sold?
The property at 1500 Favorwood Court was built in 1978 and last sold on Dec 3, 1986 for $113,000.
How much is this home worth?
The estimated value of the home located at 1500 Favorwood Court is $605,899.
What are some comparable homes to 1500 Favorwood Court?
Homes that are comparable to 1500 Favorwood Court include a house property at 8805 Colesbury Drive, 7912 Haymarket Lane, 2304 Big Sky Lane.

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