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1509 Montrose Street

1509 Montrose Street, Raleigh, NC 27603
Sold Feb 20, 2006
$64,000
$69,000 by First Citizens Bank & Trust Co
Mortgage Due Mar 01, 2036
1509 Montrose Street in Raleigh, NC was first built in 1910 and is 114 years old. Although, the building on the property was most recently renovated and altered in 1960. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1509 Montrose Street has 1,209 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 10,890 square feet.

Learn more about the property and building on this page. The home has a gable style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. The condition of the building has been evaluated as fair. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with nothing. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1509 Montrose Street sold most recently in Feb 7, 2006 for a total of $64,000. If you work out the math, that's approximately a cost of $52.94 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,707 in taxes each year. 1509 Montrose Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $166,651. If we break it down further, the land itself was valued at $120,000. Improvements to the property, however, were assessed at a total of $46,651. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1960
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,209
  • Building Area: 1,209
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,209
  • Heating Fuel Type: None

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PT LTS 257-258 & PT ALLEY

Ownership

  • Current Owner : KRAUSE CHARLES
  • Current Owner 2: KRAUSE CYNTHIA C
  • Previous Owner : CASEY DANNY ALVIN

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054500

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0012246
  • District: 01
  • Parcel: 1703.18-31-4846 0012246
  • Lot: 257,258
  • Municipality: RALEIGH
  • Latitude: 35.7604
  • Longitude: -78.6514

    Address

  • Full Address: 1509 Montrose St
  • Address - House Number: 1509
  • Address - Street Name: Montrose
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C001
  • 4-Digit Zip Code: 2345
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,707

    Appraisal Valuation

  • Standard Deviation: 0.145
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 82
  • Final Value: 293,885
  • High Value: 336,507
  • Low Value: 251,263

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $69,000
  • First Open Lien Mortgage Lender: FIRST CITIZENS BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Feb 20, 2006
  • First Open Lien Mortgage Loan Amount: $69,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2036

    Market Valuation

  • Market Total Value: $166,651
  • Market Land Value: $120,000
  • Market Improvement Value: $46,651

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $166,651
  • Assessed Land Value: $120,000
  • Assessed Improvements Value: $46,651

    Sales

  • Current Sale Contract Date: Feb 07, 2006
  • Current Sale Recording Date: Feb 20, 2006
  • Current Sale Transaction ID: 11472882993
  • Current Sale Price: $64,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CITIZENS BANK & TRUST CO
  • First Mortgage Transaction Date: Feb 20, 2006
  • First Mortgage Loan Amount: $69,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Mar 01, 2036

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Frequently Asked Questions

What neighborhood is 1509 Montrose Street located in?
The 1509 Montrose Street is a located in the neighborhood of Caraleigh-Fuller Heights in Southwest Raleigh, Raleigh.
What is the average sales price for listings in 1509 Montrose Street?
The average sales price for units in 1509 Montrose Street is $0 currently.

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