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1514 East Lane Street

1514 East Lane Street, Raleigh, NC 27610
Sold Jul 08, 2019
$453,000
$339,750 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2039
Sold Dec 29, 2017
$110,000
$215,000 by Specialized Ira Services Fbo
Mortgage Due Jan 01, 2019
1514 East Lane Street 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 2018 and is 6 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1514 East Lane Street has 2,322 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 4,356 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. 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 frame control joints. 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. The property was last sold in Jul 8, 2019 for $453,000. That's $195.09 per sqft. Prior to that sales transaction, the property was also sold in Dec 12, 2017 for $110,000. 1514 East Lane Street was last assessed in 2022. The total value of the property was assessed at $452,671. Specifically, the land the property is located on was valued at $115,000. While improvements on the property were assessed at a total of $337,671. 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 $4,603. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 2
  • 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: 4,356
  • Total Building Area: 2,322
  • Building Area: 2,322
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,322
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: COLLEGE PARK
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO118 COLLEGE PARK BM1911-00015

Ownership

  • Current Owner : SIERRA TITO
  • Current Owner 2: SIERRA LESLIE
  • Previous Owner : HOCK HOLDING LLC
  • Owner Before Previous Owner: JENNIFER SOLD IT LLC

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: BK 1911 PG 15
  • Account Number: 0053054
  • District: 01
  • Parcel: 1714.18-30-3124 0053054
  • Lot: 118
  • Municipality: RALEIGH
  • Latitude: 35.783
  • Longitude: -78.6179

    Address

  • Full Address: 1514 E Lane St
  • Address - House Number: 1514
  • 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: $4,603

    Appraisal Valuation

  • Standard Deviation: 0.1328
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 730,685
  • High Value: 827,772
  • Low Value: 633,598

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $339,750
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 08, 2019
  • First Open Lien Mortgage Loan Amount: $339,750
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2039

    Market Valuation

  • Market Total Value: $452,671
  • Market Land Value: $115,000
  • Market Improvement Value: $337,671

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $452,671
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $337,671

    Sales

  • Current Sale Contract Date: Jul 08, 2019
  • Current Sale Recording Date: Jul 08, 2019
  • Current Sale Transaction ID: 11633582298
  • Current Sale Price: $453,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 29, 2017
  • Previous Sale Contract Date: Dec 12, 2017
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jul 08, 2019
  • First Mortgage Loan Amount: $339,750
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2039

    Previous Mortgages

  • Previous Mortgage Lender: SPECIALIZED IRA SERVICES FBO
  • Previous Mortgage Transaction Date: Dec 29, 2017
  • Previous Mortgage Loan Amount: $215,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2019

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Frequently Asked Questions

What neighborhood is 1514 East Lane Street located in?
The 1514 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 1514 East Lane Street?
The average sales price for units in 1514 East Lane Street is $0 currently.

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