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225 Freeman Street

225 Freeman Street, Raleigh, NC 27601
Property in Central Raleigh
Sold Aug 14, 2018
$440,000
$426,800 by Ovm Financial Inc
Mortgage Due Sep 01, 2048
Sold Jul 11, 2011
$215,500
$185,500 by Navy Fcu
Mortgage Due Aug 01, 2041
225 Freeman Street in Raleigh, NC was first built in 1924 and is 100 years old. Although, the building on the property was most recently renovated and altered in 2010. 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 2 full bathrooms. There are 3 partial bathrooms. 225 Freeman Street has 2,030 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 6,098 square feet.

Learn more about the property and building on this page. The home has a gable style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. The condition of the building has been evaluated as fair. The exterior walls of the home are made of alum/vinyl siding. 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. 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, 225 Freeman Street was last sold in Aug 10, 2018 for $440,000. According to our calculations, that's $216.75 per sqft. Prior to that sales transaction, the property was sold for $215,500 in Jul 7, 2011. Current property owners are expected to pay $4,577 in taxes per year. The property on 225 Freeman Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $450,094. To break that down further, the land itself was valued at $155,000. While improvements to the property were assessed at a total of $295,094. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1924
  • Effective Year Built: 2010
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: Fair
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • 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: 2,030
  • Building Area: 2,030
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,030
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LULA B GARRETT PHYLLSTINE OUGH
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO104 & NORTHERN PT LT 105

Ownership

  • Current Owner : JONES CATHERINE MICHELLE
  • Previous Owner : ARAI BERNADETTE O
  • Previous Owner 2: CARPENTER JAY
  • Owner Before Previous Owner: FAIR BRANDON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050700

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0027755
  • District: 01
  • Parcel: 1713.05-17-3921 0027755
  • Lot: 104,105
  • Municipality: RALEIGH
  • Latitude: 35.777
  • Longitude: -78.6247

    Address

  • Full Address: 225 Freeman St
  • Address - House Number: 225
  • Address - Street Name: Freeman
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C012
  • 4-Digit Zip Code: 1627
  • Zip Code: 27601

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,577

    Appraisal Valuation

  • Standard Deviation: 0.1247
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 86
  • Final Value: 681,544
  • High Value: 766,554
  • Low Value: 596,533

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $426,800
  • First Open Lien Mortgage Lender: OVM FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Aug 14, 2018
  • First Open Lien Mortgage Loan Amount: $426,800
  • 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: Sep 01, 2048

    Market Valuation

  • Market Total Value: $450,094
  • Market Land Value: $155,000
  • Market Improvement Value: $295,094

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $450,094
  • Assessed Land Value: $155,000
  • Assessed Improvements Value: $295,094

    Sales

  • Current Sale Contract Date: Aug 10, 2018
  • Current Sale Recording Date: Aug 14, 2018
  • Current Sale Transaction ID: 11498074099
  • Current Sale Price: $440,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 11, 2011
  • Previous Sale Contract Date: Jul 07, 2011
  • Previous Sale Amount: $215,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OVM FINANCIAL INC
  • First Mortgage Transaction Date: Aug 14, 2018
  • First Mortgage Loan Amount: $426,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: NAVY FCU
  • Previous Mortgage Transaction Date: Jul 11, 2011
  • Previous Mortgage Loan Amount: $185,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2041

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Frequently Asked Questions

What neighborhood is 225 Freeman Street located in?
The 225 Freeman Street is a located in the neighborhood of Central Raleigh in Central Raleigh, Raleigh.
What is the average sales price for listings in 225 Freeman Street?
The average sales price for units in 225 Freeman Street is $0 currently.

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