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1515 Summerville Circle

1515 Summerville Circle, Raleigh, NC 27610
Property in Madonna Acres
Sold Feb 24, 2022
$360,000
$342,000 by Highlands Residential Mortgage
Mortgage Due Mar 01, 2052
Local assessors in Raleigh, NC have categorized 1515 Summerville Circle as a residential type of property. The home was built in 1963 and is 61 years old. It was most recently renovated and altered in 1970. The property's lot size has been calculated to be 12,197 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 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1515 Summerville Circle has a total of 1,825 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 good. 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. Lots of brick were used in the construction of the exterior walls of the home. 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, 1515 Summerville Circle was last sold in Feb 23, 2022 for $360,000. According to our calculations, that's $197.26 per sqft. Current property owners are expected to pay $2,705 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 1515 Summerville Circle was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $265,216. To break that down further, the land itself was valued at $115,000. While improvements to the property were assessed at a total of $150,216. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1970
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • 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: 12,197
  • Total Building Area: 1,825
  • Building Area: 1,825
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,825
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO12 MADONNA ACS BLC

Ownership

  • Current Owner : BOLTON EVERETT M
  • Current Owner 2: HOBSON JOHN
  • Previous Owner : JONES DORIS E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0074930
  • District: 01
  • Parcel: 1714.14-43-2470 0074930
  • Lot: 12
  • Municipality: RALEIGH
  • Latitude: 35.792
  • Longitude: -78.6147

    Address

  • Full Address: 1515 Summerville Cir
  • Address - House Number: 1515
  • Address - Street Name: Summerville
  • Address - Suffix Type: Cir
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C023
  • 4-Digit Zip Code: 1633
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,705
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1349
  • Valuation Date: Oct 12, 2022
  • Confidence Score: 84
  • Final Value: 455,072
  • High Value: 516,502
  • Low Value: 393,641

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $342,000
  • First Open Lien Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Feb 24, 2022
  • First Open Lien Mortgage Loan Amount: $342,000
  • 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, 2052

    Market Valuation

  • Market Total Value: $265,216
  • Market Land Value: $115,000
  • Market Improvement Value: $150,216

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $265,216
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $150,216

    Sales

  • Current Sale Contract Date: Feb 23, 2022
  • Current Sale Recording Date: Feb 24, 2022
  • Current Sale Transaction ID: 11880559457
  • Current Sale Price: $360,000
  • Current Sale Document Type: Deed of Guardian

    Last Sale Mortgage

  • First Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Feb 24, 2022
  • First Mortgage Loan Amount: $342,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052

About Central Raleigh



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Frequently Asked Questions

What neighborhood is 1515 Summerville Circle located in?
The 1515 Summerville Circle is a located in the neighborhood of Madonna Acres in Central Raleigh, Raleigh.
What is the average sales price for listings in 1515 Summerville Circle?
The average sales price for units in 1515 Summerville Circle is $0 currently.

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