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2403 Memory Ridge Drive

2403 Memory Ridge Drive, Raleigh, NC 27606
Sold May 04, 2021
$325,000
$243,750 by Movement Mortgage
Mortgage Due Jun 01, 2051
Sold Oct 31, 2012
$189,500
2403 Memory Ridge Drive in Raleigh, NC was first built in 2012 and is 12 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse 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. 2403 Memory Ridge Drive has 1,811 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 1,307 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 212 sqft. 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. 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. 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, 2403 Memory Ridge Drive sold most recently in May 3, 2021 for a total of $325,000. If you work out the math, that's approximately a cost of $179.46 per sqft. Before that, the property was also sold for $189,500 in Oct 31, 2012. 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 $3,019 in taxes each year. 2403 Memory Ridge Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $296,231. If we break it down further, the land itself was valued at $57,000. Improvements to the property, however, were assessed at a total of $239,231. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

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

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Townhouse
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 212
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,307
  • Total Building Area: 1,811
  • Building Area: 1,811
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,811
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SILVER LAKE BLUFFS
  • Land Acres: 0.03
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO2 SILVER LAKE BLUFFS PH1 BM2010-00852

Ownership

  • Current Owner : PATEL JYOTI
  • Current Owner 2: PATEL PARESHKUMAR
  • Previous Owner : CABALLERO DENISE G
  • Previous Owner 2: DAY RICHARD
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053008

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: BK 2010 PG 852
  • Account Number: 0380118
  • District: 18
  • Subdivision Phase Number: 1
  • Parcel: 0782.09-06-6976 0380118
  • Lot: 2
  • Municipality: SWIFT CREEK
  • Latitude: 35.7471
  • Longitude: -78.7281

    Address

  • Full Address: 2403 Memory Ridge Dr
  • Address - House Number: 2403
  • Address - Street Name: Memory Ridge
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C027
  • 4-Digit Zip Code: 4885
  • Zip Code: 27606

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,019

    Appraisal Valuation

  • Standard Deviation: 0.1317
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 462,796
  • High Value: 523,751
  • Low Value: 401,841

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $243,750
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: May 04, 2021
  • First Open Lien Mortgage Loan Amount: $243,750
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $296,231
  • Market Land Value: $57,000
  • Market Improvement Value: $239,231

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $296,231
  • Assessed Land Value: $57,000
  • Assessed Improvements Value: $239,231

    Sales

  • Current Sale Contract Date: May 03, 2021
  • Current Sale Recording Date: May 04, 2021
  • Current Sale Transaction ID: 11843658248
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 31, 2012
  • Previous Sale Contract Date: Oct 31, 2012
  • Previous Sale Amount: $189,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: May 04, 2021
  • First Mortgage Loan Amount: $243,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

About Southwest Raleigh



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Frequently Asked Questions

What neighborhood is 2403 Memory Ridge Drive located in?
The 2403 Memory Ridge Drive is a townhouse located in the neighborhood of Silver Lake Townhomes in Southwest Raleigh, Raleigh.
What is the average sales price for listings in 2403 Memory Ridge Drive?
The average sales price for units in 2403 Memory Ridge Drive is $0 currently.

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