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1506 East Jones Street

1506 East Jones Street, Raleigh, NC 27610
Sold Jul 19, 2019
$509,000
$480,263 by Loandepot.com Llc
Mortgage Due Jun 01, 2051
Sold Jul 26, 2017
$138,000
$103,500 by Movement Mortgage
Mortgage Due Aug 01, 2047
Local assessors in Raleigh, NC have categorized 1506 East Jones Street as a residential type of property. The home was built in 2018 and is 6 years old. The property's lot size has been calculated to be 4,792 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1506 East Jones Street has a total of 2,453 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. 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 average. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1506 East Jones Street was last sold in Jul 19, 2019 for $509,000. According to our calculations, that's $207.50 per sqft. Prior to that sales transaction, the property was sold for $138,000 in Jul 25, 2017. Current property owners are expected to pay $4,738 in taxes per year. The property on 1506 East Jones Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $511,016. To break that down further, the land itself was valued at $115,000. While improvements to the property were assessed at a total of $396,016. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

Condition

New Construction
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 2,453
  • Building Area: 2,453
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,453
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: COLLEGE PARK
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO67 & PT 69 COLLEGE PARK BM1911-00015

Ownership

  • Current Owner : PALKO DAVID
  • Previous Owner : GUJARTHI DEVANG
  • Previous Owner 2: GUJARTHI CHAITALI J
  • Owner Before Previous Owner: GRACE AFRICAN METHODIST EPISCOPAL ZION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050600

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: BK 1911 PG 15
  • Account Number: 0027596
  • District: 01
  • Parcel: 1713.06-39-1643 0027596
  • Lot: 67
  • Municipality: RALEIGH
  • Latitude: 35.7817
  • Longitude: -78.6185

    Address

  • Full Address: 1506 E Jones St
  • Address - House Number: 1506
  • Street Direction: E
  • Address - Street Name: Jones
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C026
  • 4-Digit Zip Code: 2320
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,738

    Appraisal Valuation

  • Standard Deviation: 0.1216
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 86
  • Final Value: 759,007
  • High Value: 851,344
  • Low Value: 666,671

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $480,263
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: May 13, 2021
  • First Open Lien Mortgage Loan Amount: $480,263
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $511,016
  • Market Land Value: $115,000
  • Market Improvement Value: $396,016

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $511,016
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $396,016

    Sales

  • Current Sale Contract Date: Jul 19, 2019
  • Current Sale Recording Date: Jul 19, 2019
  • Current Sale Transaction ID: 11635313266
  • Current Sale Price: $509,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 26, 2017
  • Previous Sale Contract Date: Jul 25, 2017
  • Previous Sale Amount: $138,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BNC NATIONAL BANK
  • First Mortgage Transaction Date: Jul 19, 2019
  • First Mortgage Loan Amount: $502,837
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: MOVEMENT MORTGAGE
  • Previous Mortgage Transaction Date: Jul 26, 2017
  • Previous Mortgage Loan Amount: $103,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2047

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Frequently Asked Questions

What neighborhood is 1506 East Jones Street located in?
The 1506 East Jones Street is a house located in the neighborhood of College Park in Central Raleigh, Raleigh.
What is the average sales price for listings in 1506 East Jones Street?
The average sales price for units in 1506 East Jones Street is $0 currently.

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