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2005 Lowery Farm Lane

2005 Lowery Farm Lane, Raleigh, NC 27614
Property in River Run
Sold Oct 04, 2018
$466,500
$388,686 by Better Mortgage Corporation
Mortgage Due Nov 01, 2041
Sold Jul 19, 2007
$536,000
$417,000 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2037
2005 Lowery Farm Lane in Raleigh, NC was first built in 2005 and is 19 years old. 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. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2005 Lowery Farm Lane has 4,017 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 13,068 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 775 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The exterior walls of the home are made of brick. 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 gas. 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, 2005 Lowery Farm Lane sold most recently in Oct 3, 2018 for a total of $466,500. If you work out the math, that's approximately a cost of $116.13 per sqft. Before that, the property was also sold for $536,000 in Jul 13, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $5,206 in taxes each year. 2005 Lowery Farm Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $512,215. If we break it down further, the land itself was valued at $76,000. Improvements to the property, however, were assessed at a total of $436,215. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 775
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 4,017
  • Building Area: 4,017
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,017
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RIVER RUN
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO58 RIVER RUN PH1 BM2004-02199

Ownership

  • Current Owner : BIRCH BRITTANY BUSSIAN
  • Current Owner 2: BIRCH TYLER
  • Previous Owner : MESSENGER KATHEREN P
  • Previous Owner 2: MESSENGER DAVID B
  • Owner Before Previous Owner: JOHN WIELAND HOMES & NEIGHBORHOODS OF TH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054013

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0325208
  • District: 13
  • Subdivision Phase Number: 1
  • Parcel: 1729.04-54-0823 0325208
  • Lot: 58
  • Municipality: NEUSE
  • Latitude: 35.9331
  • Longitude: -78.5777

    Address

  • Full Address: 2005 Lowery Farm Ln
  • Address - House Number: 2005
  • Address - Street Name: Lowery Farm
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R074
  • 4-Digit Zip Code: 7893
  • Zip Code: 27614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,206

    Appraisal Valuation

  • Standard Deviation: 0.1312
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 798,870
  • High Value: 903,687
  • Low Value: 694,053

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $388,686
  • First Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Oct 19, 2021
  • First Open Lien Mortgage Loan Amount: $388,686
  • 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: Nov 01, 2041

    Market Valuation

  • Market Total Value: $512,215
  • Market Land Value: $76,000
  • Market Improvement Value: $436,215

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $512,215
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $436,215

    Sales

  • Current Sale Contract Date: Oct 03, 2018
  • Current Sale Recording Date: Oct 04, 2018
  • Current Sale Transaction ID: 11511481858
  • Current Sale Price: $466,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 19, 2007
  • Previous Sale Contract Date: Jul 13, 2007
  • Previous Sale Amount: $536,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Oct 04, 2018
  • First Mortgage Loan Amount: $396,525
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jul 19, 2007
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2037

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Frequently Asked Questions

What neighborhood is 2005 Lowery Farm Lane located in?
The 2005 Lowery Farm Lane is a other located in the neighborhood of River Run in North Raleigh, Raleigh.
What is the average sales price for listings in 2005 Lowery Farm Lane?
The average sales price for units in 2005 Lowery Farm Lane is $0 currently.

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