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1506 East Lane Street

1506 East Lane Street, Raleigh, NC 27610
Sold Feb 02, 2021
$470,000
$431,000 by Quicken Loans Llc
Mortgage Due Mar 01, 2051
Sold Jul 11, 2019
$398,000
Local assessors in Raleigh, NC have categorized 1506 East Lane 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 Lane Street has a total of 2,114 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. 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. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jan 27, 2021 for $470,000. That's $222.33 per sqft. Prior to that sales transaction, the property was also sold in Jul 9, 2019 for $398,000. 1506 East Lane Street was last assessed in 2022. The total value of the property was assessed at $435,482. Specifically, the land the property is located on was valued at $115,000. While improvements on the property were assessed at a total of $320,482. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,429. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 2,114
  • Building Area: 2,114
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,114
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO110 SRVY FOR E&F PROPERTIES INC BM2019-01151

Ownership

  • Current Owner : COMER JENNIFER
  • Previous Owner : E & F PROPERTIES INC
  • Owner Before Previous Owner: HOCK HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0090631
  • District: 01
  • Parcel: 1714.18-30-1164 0090631
  • Lot: 110
  • Municipality: RALEIGH
  • Latitude: 35.7831
  • Longitude: -78.6185

    Address

  • Full Address: 1506 E Lane St
  • Address - House Number: 1506
  • Street Direction: E
  • Address - Street Name: Lane
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C026
  • 4-Digit Zip Code: 2326
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,429

    Appraisal Valuation

  • Standard Deviation: 0.1328
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 695,062
  • High Value: 787,415
  • Low Value: 602,708

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $431,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Feb 02, 2021
  • First Open Lien Mortgage Loan Amount: $431,000
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $435,482
  • Market Land Value: $115,000
  • Market Improvement Value: $320,482

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $435,482
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $320,482

    Sales

  • Current Sale Contract Date: Jan 27, 2021
  • Current Sale Recording Date: Feb 02, 2021
  • Current Sale Transaction ID: 11832647174
  • Current Sale Price: $470,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 11, 2019
  • Previous Sale Contract Date: Jul 09, 2019
  • Previous Sale Amount: $398,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Feb 02, 2021
  • First Mortgage Loan Amount: $431,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

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Frequently Asked Questions

What neighborhood is 1506 East Lane Street located in?
The 1506 East Lane 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 Lane Street?
The average sales price for units in 1506 East Lane Street is $0 currently.

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