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2402 Lake Drive

2402 Lake Drive, Raleigh, NC 27609
Sold Apr 16, 2021
$1,500,000
$545,000 by Prosperity Home Mortgage Llc
Mortgage Due May 01, 2051
Sold Feb 01, 2019
$1,477,000
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Local assessors in Raleigh, NC have categorized 2402 Lake Drive as a residential type of property. The home was built in 2018 and is 6 years old. The property's lot size has been calculated to be 10,454 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2402 Lake Drive has a total of 4,208 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 garage for those who need a place to park their vehicle. The garage on the property is 506 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 2402 Lake Drive sold most recently in Apr 16, 2021 for a total of $1,500,000. If you work out the math, that's approximately a cost of $356.46 per sqft. Before that, the property was also sold for $1,477,000 in Jan 28, 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 $14,615 in taxes each year. The initial year of tax delinquency occurred in 2019. 2402 Lake Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,441,457. If we break it down further, the land itself was valued at $451,250. Improvements to the property, however, were assessed at a total of $990,207. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

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

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Excellent
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Business/Commerical Units Count: 8
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 506
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 4,208
  • Building Area: 4,208
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,208
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ANDERSON HEIGHTS
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO15 ANDERSON HEIGHTS BM2017-01576

Ownership

  • Current Owner : CAMPBELL JULIE BLANKENSHIP
  • Current Owner 2: HAM BRUCE B
  • Previous Owner : LANGDON ROBERT E
  • Previous Owner 2: ELIZABETH HILL QSST TRUST
  • Owner Before Previous Owner: DJF BUILDERS INC
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051700

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: BK 2017 PG 1576
  • Account Number: 0003718
  • District: 01
  • Parcel: 1705.18-41-6520 0003718
  • Lot: 15
  • Municipality: RALEIGH
  • Latitude: 35.8143
  • Longitude: -78.6471

    Address

  • Full Address: 2402 Lake Dr
  • Address - House Number: 2402
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C001
  • 4-Digit Zip Code: 7668
  • Zip Code: 27609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,615
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 78
  • Final Value: 1,357,741
  • High Value: 1,590,358
  • Low Value: 1,125,124

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $545,000
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 16, 2021
  • First Open Lien Mortgage Loan Amount: $545,000
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $1,441,457
  • Market Land Value: $451,250
  • Market Improvement Value: $990,207

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,441,457
  • Assessed Land Value: $451,250
  • Assessed Improvements Value: $990,207

    Sales

  • Current Sale Contract Date: Apr 16, 2021
  • Current Sale Recording Date: Apr 16, 2021
  • Current Sale Transaction ID: 11840682434
  • Current Sale Price: $1,500,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Feb 01, 2019
  • Previous Sale Contract Date: Jan 28, 2019
  • Previous Sale Amount: $1,477,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Apr 16, 2021
  • First Mortgage Loan Amount: $545,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

About North Hills



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Frequently Asked Questions

What neighborhood is 2402 Lake Drive located in?
The 2402 Lake Drive is a house located in the neighborhood of Anderson Heights in North Hills, Raleigh.
What is the average sales price for listings in 2402 Lake Drive?
The average sales price for units in 2402 Lake Drive is $0 currently.

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