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205 Ashe Avenue

205 Ashe Avenue, Raleigh, NC 27605
Multifamily in University
Local assessors in Raleigh, NC have categorized 205 Ashe Avenue as a residential type of property. The home was built in 1926 and is 98 years old. It was most recently renovated and altered in 2006. The property's lot size has been calculated to be 6,970 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex 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 205 Ashe Avenue has a total of 2,795 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 hip 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. The property was last sold in May 13, 2020 for $505,000. That's $180.68 per sqft. Prior to that sales transaction, the property was also sold in Mar 7, 2014 for $55,000. 205 Ashe Avenue was last assessed in 2022. The total value of the property was assessed at $374,987. Specifically, the land the property is located on was valued at $233,750. While improvements on the property were assessed at a total of $141,237. 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 $3,837. 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! 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

Parking

Off Street Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20191106
11/06/2019
Studio
-
2987 ft²
$540,000
bedrooms
Studio
bathrooms
-
square feet
2987 ft²
$505,000 -6.48%
05/15/2020
Jamie Dawson

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 2006
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 2,795
  • Building Area: 2,795
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,795
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PARK AVE LAND CO
  • Land Acres: 0.16
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LO20 PARK AVE LD CO

Ownership

  • Current Owner : PATEL HONEY
  • Current Owner 2: PATEL VINAY
  • Previous Owner : 205 ASHE AVENUE LLC
  • Owner Before Previous Owner: MOFFAT ANDREA L
  • Owner Before Previous Owner 2: MOFFAT KEITH E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051000

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0004970
  • District: 01
  • Parcel: 1703.05-19-2524 0004970
  • Lot: 20
  • Municipality: RALEIGH
  • Latitude: 35.7816
  • Longitude: -78.6587

    Address

  • Full Address: 205 Ashe Ave
  • Address - House Number: 205
  • Address - Street Name: Ashe
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C004
  • 4-Digit Zip Code: 1907
  • Zip Code: 27605

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,837

    Appraisal Valuation

  • Standard Deviation: 0.1313
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 749,031
  • High Value: 847,413
  • Low Value: 650,649

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $404,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: May 15, 2020
  • First Open Lien Mortgage Loan Amount: $404,000
  • 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: Jun 01, 2050

    Market Valuation

  • Market Total Value: $374,987
  • Market Land Value: $233,750
  • Market Improvement Value: $141,237

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $374,987
  • Assessed Land Value: $233,750
  • Assessed Improvements Value: $141,237

    Sales

  • Current Sale Contract Date: May 13, 2020
  • Current Sale Recording Date: May 15, 2020
  • Current Sale Transaction ID: 11767754088
  • Current Sale Price: $505,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Mar 10, 2014
  • Previous Sale Contract Date: Mar 07, 2014
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: May 15, 2020
  • First Mortgage Loan Amount: $404,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Mar 10, 2014
  • Previous Mortgage Loan Amount: $289,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About University



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Frequently Asked Questions

What neighborhood is 205 Ashe Avenue located in?
The 205 Ashe Avenue is a multifamily located in the neighborhood of University in University, Raleigh.
What is the average sales price for listings in 205 Ashe Avenue?
The average sales price for units in 205 Ashe Avenue is $540,000 , or $181/sqft. currently.

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