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2208 Gilliam Lane

2208 Gilliam Lane, Raleigh, NC 27610
Sold Sep 22, 2020
$204,000
Buyer
Seller
$183,600 by Movement Mortgage
Mortgage Due Oct 01, 2050
Sold May 03, 2019
$130,500
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Local assessors in Raleigh, NC have categorized 2208 Gilliam Lane as a residential type of property. The home was built in 1960 and is 64 years old. It was most recently renovated and altered in 1970. The property's lot size has been calculated to be 15,246 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 2208 Gilliam Lane has a total of 950 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. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. 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 brick 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. 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, 2208 Gilliam Lane sold most recently in Sep 4, 2020 for a total of $204,000. If you work out the math, that's approximately a cost of $214.74 per sqft. Before that, the property was also sold for $130,500 in May 3, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,334 in taxes each year. 2208 Gilliam Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $129,797. If we break it down further, the land itself was valued at $45,000. Improvements to the property, however, were assessed at a total of $84,797. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1960
  • Effective Year Built: 1970
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 950
  • Building Area: 950
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 950
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BILTMORE HILLS
  • Land Acres: 0.35
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO15 BILTMORE HILLS BLK

Ownership

  • Current Owner : GORE ANDREW
  • Previous Owner : STONER JOSHUA
  • Owner Before Previous Owner: RITTER ARTURA C
  • Owner Before Previous Owner 2: EDWARDS JAMES WALTER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052101

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0060115
  • District: 16
  • Parcel: 1712.06-28-5192 0060115
  • Lot: 15
  • Municipality: ST MARY'S
  • Latitude: 35.7501
  • Longitude: -78.6205

    Address

  • Full Address: 2208 Gilliam Ln
  • Address - House Number: 2208
  • Address - Street Name: Gilliam
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C037
  • 4-Digit Zip Code: 4825
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,334

    Appraisal Valuation

  • Standard Deviation: 0.0687
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 96
  • Final Value: 204,787
  • High Value: 218,857
  • Low Value: 190,717

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $183,600
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Sep 22, 2020
  • First Open Lien Mortgage Loan Amount: $183,600
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $129,797
  • Market Land Value: $45,000
  • Market Improvement Value: $84,797

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $129,797
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $84,797

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Sep 22, 2020
  • Current Sale Transaction ID: 11806863833
  • Current Sale Price: $204,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 03, 2019
  • Previous Sale Contract Date: May 03, 2019
  • Previous Sale Amount: $130,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Sep 22, 2020
  • First Mortgage Loan Amount: $183,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

About Southeast Raleigh



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Frequently Asked Questions

What neighborhood is 2208 Gilliam Lane located in?
The 2208 Gilliam Lane is a house located in the neighborhood of Biltmore Hills in Southeast Raleigh, Raleigh.
What is the average sales price for listings in 2208 Gilliam Lane?
The average sales price for units in 2208 Gilliam Lane is $212,500 , or $218/sqft. currently.

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