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1508 Medfield Road

1508 Medfield Road, Raleigh, NC 27607
Sold Apr 20, 2022
$589,000
$530,100 by State Employees Credit Union
Mortgage Due May 01, 2052
Sold Dec 04, 2020
$422,000
$409,900 by Union Home Mortgage Corp
Mortgage Due Jan 01, 2051
1508 Medfield Road 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 1967 and is 57 years old. However, we must point out that the home was most recently renovated and altered in 1987. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1508 Medfield Road has 2,995 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 1,220 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 33,106 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. For the features and amenities located on the property. There is a carport for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. 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 gable 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. There is a single fireplace in the home. Perfect for those wintery nights. 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, 1508 Medfield Road was last sold in Apr 14, 2022 for $589,000. According to our calculations, that's $196.66 per sqft. Prior to that sales transaction, the property was sold for $422,000 in Nov 30, 2020. Current property owners are expected to pay $2,675 in taxes per year. The property on 1508 Medfield Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $405,908. To break that down further, the land itself was valued at $138,000. While improvements to the property were assessed at a total of $267,908. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Covered Parking
Garage Parking
Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1987
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 1,220
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 33,106
  • Total Building Area: 2,995
  • Building Area: 2,995
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,995
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ADDN MEDFIELD ESTS
  • Land Acres: 0.76
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO153 ADDN MEDFIELD ESTS

Ownership

  • Current Owner : PARKER WILLIAM
  • Current Owner 2: PARKER MOLLY BENSON
  • Previous Owner : CHRISTOPHER HENSHAW STEPHEN
  • Previous Owner 2: CHRISTOPHER KATHERINE
  • Owner Before Previous Owner: HOCKADAY BENNY R
  • Owner Before Previous Owner 2: HOCKADAY FRANCES O
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053521

Zoning

  • Zoning: R20

Geography

  • Account Number: 0031525
  • District: 04
  • Parcel: 0774.09-27-0201 0031525
  • Lot: 153
  • Municipality: CARY
  • Latitude: 35.8029
  • Longitude: -78.7573

    Address

  • Full Address: 1508 Medfield Rd
  • Address - House Number: 1508
  • Address - Street Name: Medfield
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C020
  • 4-Digit Zip Code: 4724
  • Zip Code: 27607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,675

    Appraisal Valuation

  • Standard Deviation: 0.1193
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 87
  • Final Value: 590,187
  • High Value: 660,623
  • Low Value: 519,751

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $530,100
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • First Open Lien Mortgage Recording Date: Apr 20, 2022
  • First Open Lien Mortgage Loan Amount: $530,100
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $405,908
  • Market Land Value: $138,000
  • Market Improvement Value: $267,908

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $405,908
  • Assessed Land Value: $138,000
  • Assessed Improvements Value: $267,908

    Sales

  • Current Sale Contract Date: Apr 14, 2022
  • Current Sale Recording Date: Apr 20, 2022
  • Current Sale Transaction ID: 11886067152
  • Current Sale Price: $589,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 04, 2020
  • Previous Sale Contract Date: Nov 30, 2020
  • Previous Sale Amount: $422,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • First Mortgage Transaction Date: Apr 20, 2022
  • First Mortgage Loan Amount: $530,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: UNION HOME MORTGAGE CORP
  • Previous Mortgage Transaction Date: Dec 04, 2020
  • Previous Mortgage Loan Amount: $409,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2051

About Medfield Estates



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Frequently Asked Questions

What neighborhood is 1508 Medfield Road located in?
The 1508 Medfield Road is a house located in the neighborhood of Medfield Estates in Medfield Estates, Raleigh.
What is the average sales price for listings in 1508 Medfield Road?
The average sales price for units in 1508 Medfield Road is $0 currently.

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