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1802 Reaves Drive

1802 Reaves Drive, Raleigh, NC 27608
Property in Five Points East
Sold Feb 21, 2020
$443,000
$763,000 by First-citizens Bank & Trust Co
Mortgage Due May 01, 2052
Sold Jul 08, 2005
$294,000
$205,800 by Option One Mortgage Corp
Mortgage Due Jul 01, 2035
Local assessors in Raleigh, NC have categorized 1802 Reaves Drive as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 6,098 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 1802 Reaves Drive has a total of 2,904 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 average. 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. 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, 1802 Reaves Drive was last sold in Feb 21, 2020 for $443,000. According to our calculations, that's $152.55 per sqft. Prior to that sales transaction, the property was sold for $294,000 in Jul 7, 2005. Current property owners are expected to pay $5,468 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 1802 Reaves Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $586,323. To break that down further, the land itself was valued at $304,000. While improvements to the property were assessed at a total of $282,323. 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. 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.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: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 2,904
  • Building Area: 2,904
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,904
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: QT 35B

Ownership

  • Current Owner : BREWER GARRETT T
  • Current Owner 2: MANESS ELIZABETH B
  • Previous Owner : BAKER LAUREN GREGORY
  • Previous Owner 2: BAKER CHRISTOPHER SCOTT
  • Owner Before Previous Owner: PRENTICE WILLIAM H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051800

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0007976
  • District: 01
  • Parcel: 1704.08-78-9331 0007976
  • Municipality: RALEIGH
  • Latitude: 35.8056
  • Longitude: -78.636

    Address

  • Full Address: 1802 Reaves Dr
  • Address - House Number: 1802
  • Address - Street Name: Reaves
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C012
  • 4-Digit Zip Code: 2546
  • Zip Code: 27608

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,468
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1314
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 85
  • Final Value: 888,551
  • High Value: 1,005,319
  • Low Value: 771,784

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $763,000
  • First Open Lien Mortgage Lender: FIRST-CITIZENS BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Apr 27, 2022
  • First Open Lien Mortgage Loan Amount: $763,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $586,323
  • Market Land Value: $304,000
  • Market Improvement Value: $282,323

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $586,323
  • Assessed Land Value: $304,000
  • Assessed Improvements Value: $282,323

    Sales

  • Current Sale Contract Date: Feb 21, 2020
  • Current Sale Recording Date: Feb 21, 2020
  • Current Sale Transaction ID: 11745670683
  • Current Sale Price: $443,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 08, 2005
  • Previous Sale Contract Date: Jul 07, 2005
  • Previous Sale Amount: $294,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Feb 21, 2020
  • First Mortgage Loan Amount: $420,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: OPTION ONE MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jul 08, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $205,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2035

About University



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Frequently Asked Questions

What neighborhood is 1802 Reaves Drive located in?
The 1802 Reaves Drive is a located in the neighborhood of Five Points East in University, Raleigh.
What is the average sales price for listings in 1802 Reaves Drive?
The average sales price for units in 1802 Reaves Drive is $0 currently.

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