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2405 Clark Avenue

2405 Clark Avenue, Raleigh, NC 27607
Property in Fairmont
Sold Apr 29, 2022
$800,000
Sold Sep 28, 2005
$280,000
$200,000 by Terrace Mortgage Co
Mortgage Due Oct 01, 2035
2405 Clark Avenue in Raleigh, NC was first built in 1920 and is 104 years old. Although, the building on the property was most recently renovated and altered in 1965. 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. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2405 Clark Avenue has 2,576 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 7,841 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 frame control joints. The condition of the building has been evaluated as good. The exterior walls of the home are made of rock and stone. 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. 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. 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, 2405 Clark Avenue was last sold in Apr 29, 2022 for $800,000. According to our calculations, that's $310.56 per sqft. Prior to that sales transaction, the property was sold for $280,000 in Sep 27, 2005. Current property owners are expected to pay $5,551 in taxes per year. The property on 2405 Clark Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $507,395. To break that down further, the land itself was valued at $300,000. While improvements to the property were assessed at a total of $207,395. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1965
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Rock and stone
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 2,576
  • Building Area: 2,576
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,576
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FAIRMONT
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PT LTS 101-102-103 FAIRMONT BM1926-8

Ownership

  • Current Owner : MERTES TIMOTHY ROBERT
  • Previous Owner : KIM KYUNG SOOK
  • Previous Owner 2: KIM TIMOTHY ROBERT
  • Owner Before Previous Owner: HURWITZ FAMILY LP
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: RX-3

Geography

  • Account Number: 0041200
  • District: 01
  • Parcel: 0794.20-82-9385 0041200
  • Lot: 101-103
  • Municipality: RALEIGH
  • Latitude: 35.7893
  • Longitude: -78.6662

    Address

  • Full Address: 2405 Clark Ave
  • Address - House Number: 2405
  • Address - Street Name: Clark
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C013
  • 4-Digit Zip Code: 7211
  • Zip Code: 27607

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,551

    Appraisal Valuation

  • Standard Deviation: 0.1318
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 85
  • Final Value: 867,437
  • High Value: 981,790
  • Low Value: 753,084

    Market Valuation

  • Market Total Value: $507,395
  • Market Land Value: $300,000
  • Market Improvement Value: $207,395

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $507,395
  • Assessed Land Value: $300,000
  • Assessed Improvements Value: $207,395

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: Apr 29, 2022
  • Current Sale Transaction ID: 11900660969
  • Current Sale Price: $800,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 28, 2005
  • Previous Sale Contract Date: Sep 27, 2005
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SHAMROCK HOME LOANS INC
  • First Mortgage Transaction Date: Apr 29, 2022
  • First Mortgage Loan Amount: $640,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: TERRACE MORTGAGE CO
  • Previous Mortgage Transaction Date: Sep 28, 2005
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Oct 01, 2035

About University



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Frequently Asked Questions

What neighborhood is 2405 Clark Avenue located in?
The 2405 Clark Avenue is a located in the neighborhood of Fairmont in University, Raleigh.
What is the average sales price for listings in 2405 Clark Avenue?
The average sales price for units in 2405 Clark Avenue is $0 currently.

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