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2316 Falls River Avenue

2316 Falls River Avenue, Raleigh, NC 27614
House in Falls River
Sold Sep 03, 2021
$650,000
$455,000 by United Community Bank
Mortgage Due Oct 01, 2051
Sold Mar 29, 2007
$348,000
$150,000 by Equity Services Inc
Mortgage Due Apr 01, 2037
2316 Falls River Avenue 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 2004 and is 20 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2316 Falls River Avenue has 2,653 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 7,405 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 485 sqft. 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 frame control joints. 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 and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 2316 Falls River Avenue was last sold in Aug 30, 2021 for $650,000. According to our calculations, that's $245.01 per sqft. Prior to that sales transaction, the property was sold for $348,000 in Jan 30, 2007. Current property owners are expected to pay $4,451 in taxes per year. The property on 2316 Falls River Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $406,489. To break that down further, the land itself was valued at $90,000. While improvements to the property were assessed at a total of $316,489. 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. 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!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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 485
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,653
  • Building Area: 2,653
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,653
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FALLS RIVER SUB
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO5 FALLS RIVER SUB PH15 BM2003-01430

Ownership

  • Current Owner : DARDARI MATTHEW AL
  • Current Owner 2: ASFARI HADIL
  • Previous Owner : ROSBROOK SHERRY
  • Owner Before Previous Owner: TURNER STEVEN L
  • Owner Before Previous Owner 2: TURNER KATHERINE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054020

Zoning

  • Zoning: PD

Geography

  • Account Number: 0309976
  • District: 13
  • Subdivision Phase Number: 15
  • Parcel: 1728.02-79-5089 0309976
  • Lot: 5
  • Municipality: NEUSE
  • Latitude: 35.9174
  • Longitude: -78.5692

    Address

  • Full Address: 2316 Falls River Ave
  • Address - House Number: 2316
  • Address - Street Name: Falls River
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R064
  • 4-Digit Zip Code: 1108
  • Zip Code: 27614

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,451

    Appraisal Valuation

  • Standard Deviation: 0.1208
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 86
  • Final Value: 642,412
  • High Value: 720,056
  • Low Value: 564,768

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $455,000
  • First Open Lien Mortgage Lender: UNITED COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Sep 03, 2021
  • First Open Lien Mortgage Loan Amount: $455,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $406,489
  • Market Land Value: $90,000
  • Market Improvement Value: $316,489

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $406,489
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $316,489

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Sep 03, 2021
  • Current Sale Transaction ID: 11859858799
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Mar 29, 2007
  • Previous Sale Contract Date: Jan 30, 2007
  • Previous Sale Amount: $348,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED COMMUNITY BANK
  • First Mortgage Transaction Date: Sep 03, 2021
  • First Mortgage Loan Amount: $455,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: EQUITY SERVICES INC
  • Previous Mortgage Transaction Date: Mar 29, 2007
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Apr 01, 2037

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Frequently Asked Questions

What neighborhood is 2316 Falls River Avenue located in?
The 2316 Falls River Avenue is a house located in the neighborhood of Falls River in North Raleigh, Raleigh.
What is the average sales price for listings in 2316 Falls River Avenue?
The average sales price for units in 2316 Falls River Avenue is $0 currently.

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