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228 William Drummond Way

228 William Drummond Way, Raleigh, NC 27604
Townhouse in Central Raleigh
Sold Jul 08, 2021
$423,000
$385,000 by Amerisave Mortgage Corp
Mortgage Due Aug 01, 2051
Sold Aug 16, 2017
$323,000
$290,250 by Ark-la-tex Finance Services Ll
Mortgage Due Sep 01, 2047
228 William Drummond Way has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 2014 and is 10 years old. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 228 William Drummond Way has 1,181 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 871 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 228 William Drummond Way sold most recently in Jul 7, 2021 for a total of $423,000. If you work out the math, that's approximately a cost of $358.17 per sqft. Before that, the property was also sold for $323,000 in Aug 15, 2017. 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 $3,951 in taxes each year. 228 William Drummond Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $360,297. If we break it down further, the land itself was valued at $140,000. Improvements to the property, however, were assessed at a total of $220,297. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Brick
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 871
  • Total Building Area: 1,181
  • Building Area: 1,181
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,181
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CORRECTION PEACE STREET TOWNES
  • Land Acres: 0.02
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO14 PEACE STREET TOWNES BM2013-01507

Ownership

  • Current Owner : SALOMON MATT
  • Previous Owner : MARTINI KEVIN
  • Previous Owner 2: MARTINI RONNI
  • Owner Before Previous Owner: CLAGGETT KATHRYN S
  • Owner Before Previous Owner 2: DAME JEREME LYNDON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: RML
  • Census Tract: 050100

Zoning

  • Zoning: PD

Geography

  • Account Number: 0418944
  • District: 01
  • Parcel: 1704.20-81-1719 0418944
  • Lot: 14
  • Municipality: RALEIGH
  • Latitude: 35.7876
  • Longitude: -78.6355

    Address

  • Full Address: 228 William Drummond Way
  • Address - House Number: 228
  • Address - Street Name: William Drummond
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C002
  • 4-Digit Zip Code: 1154
  • Zip Code: 27604

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,951

    Appraisal Valuation

  • Standard Deviation: 0.0687
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 96
  • Final Value: 445,484
  • High Value: 476,091
  • Low Value: 414,877

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $385,000
  • First Open Lien Mortgage Lender: AMERISAVE MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 08, 2021
  • First Open Lien Mortgage Loan Amount: $385,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $360,297
  • Market Land Value: $140,000
  • Market Improvement Value: $220,297

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $360,297
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $220,297

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Transaction ID: 11844816437
  • Current Sale Price: $423,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 16, 2017
  • Previous Sale Contract Date: Aug 15, 2017
  • Previous Sale Amount: $323,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERISAVE MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 08, 2021
  • First Mortgage Loan Amount: $385,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ARK-LA-TEX FINANCE SERVICES LL
  • Previous Mortgage Transaction Date: Aug 16, 2017
  • Previous Mortgage Loan Amount: $290,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2047

About Central Raleigh



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Frequently Asked Questions

What neighborhood is 228 William Drummond Way located in?
The 228 William Drummond Way is a townhouse located in the neighborhood of Central Raleigh in Central Raleigh, Raleigh.
What is the average sales price for listings in 228 William Drummond Way?
The average sales price for units in 228 William Drummond Way is $423,000 , or $358/sqft. currently.

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