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2320 Clark Avenue

2320 Clark Avenue, Raleigh, NC 27607
Multifamily in Oberlin Village
2320 Clark Avenue in Raleigh, NC was first built in 1949 and is 75 years old. Although, the building on the property was most recently renovated and altered in 2005. 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. 2320 Clark Avenue has 5,732 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 10,019 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. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a central heating system and 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, 2320 Clark Avenue sold most recently in Sep 26, 2019 for a total of $1,495,000. If you work out the math, that's approximately a cost of $260.82 per sqft. Before that, the property was also sold for $540,000 in Jul 31, 2006. 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 $11,260 in taxes each year. 2320 Clark Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,096,252. If we break it down further, the land itself was valued at $420,000. Improvements to the property, however, were assessed at a total of $676,252. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190802
08/02/2019
Studio
-
-
$1,495,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Building Condition: Good
  • Construction Type: Concrete block
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 8
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 5,732
  • Building Area: 5,732
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,732
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PARKER-HUNTER
  • Land Acres: 0.23
  • Standard Land Use Code: Garden apt, court apt (5+ units)
  • Legal Description 1: LO7 & PT LTS 5-6 PARKER HUNTER

Ownership

  • Current Owner : 2320 CLARK LLC
  • Previous Owner : PAPPAS INVESTMENTS LLC
  • Owner Before Previous Owner: HEDSPETH MATTHEW
  • Owner Before Previous Owner 2: HEDSPETH MISTY
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051200

Zoning

  • Zoning: RX-3

Geography

  • Account Number: 0036316
  • District: 01
  • Parcel: 0794.16-92-4524 0036316
  • Lot: 5-7
  • Municipality: RALEIGH
  • Latitude: 35.7897
  • Longitude: -78.6648

    Address

  • Full Address: 2320 Clark Ave
  • Address - House Number: 2320
  • Address - Street Name: Clark
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C013
  • 4-Digit Zip Code: 0011
  • Zip Code: 27607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,260

    Appraisal Valuation

  • Standard Deviation: 0.1417
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 71
  • Final Value: 687,488
  • High Value: 784,944
  • Low Value: 590,031

    Market Valuation

  • Market Total Value: $1,096,252
  • Market Land Value: $420,000
  • Market Improvement Value: $676,252

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,096,252
  • Assessed Land Value: $420,000
  • Assessed Improvements Value: $676,252

    Sales

  • Current Sale Contract Date: Sep 26, 2019
  • Current Sale Recording Date: Sep 26, 2019
  • Current Sale Transaction ID: 11657748787
  • Current Sale Price: $1,495,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 31, 2006
  • Previous Sale Contract Date: Jul 31, 2006
  • Previous Sale Amount: $540,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST BANK
  • Previous Mortgage Transaction Date: Jul 31, 2006
  • Previous Mortgage Loan Amount: $506,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About University



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Frequently Asked Questions

What neighborhood is 2320 Clark Avenue located in?
The 2320 Clark Avenue is a multifamily located in the neighborhood of Oberlin Village in University, Raleigh.
What is the average sales price for listings in 2320 Clark Avenue?
The average sales price for units in 2320 Clark Avenue is $0 currently.

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