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2426 East Lake Drive

2426 East Lake Drive, Raleigh, NC 27609
Sold Dec 03, 2019
$1,200,000
$630,000 by Townebank Mortgage
Mortgage Due Jan 01, 2050
Sold Jun 11, 1993
$235,000
2426 East Lake Drive 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 1940 and is 84 years old. However, we must point out that the home was most recently renovated and altered in 2000. 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, 2426 East Lake Drive has 3,554 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 207 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 21,780 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 368 sqft. Moving on to the building itself. The condition of the building has been evaluated as excellent. 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 brick control joints. The building has a gable style roof. The exterior walls of the building are made of brick. 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. The property was last sold in Dec 2, 2019 for $1,200,000. That's $337.65 per sqft. Prior to that sales transaction, the property was also sold in Jun 11, 1993 for $235,000. 2426 East Lake Drive was last assessed in 2022. The total value of the property was assessed at $1,068,364. Specifically, the land the property is located on was valued at $460,000. While improvements on the property were assessed at a total of $608,364. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $10,837. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1940
  • Effective Year Built: 2000
  • Total Rooms: 8
  • 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
  • Basement Type: Partial basement
  • Basement Area: 207
  • Garage Type: Garage
  • Garage Square Area: 368
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 3,554
  • Building Area: 3,554
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,554
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ANDERSON HEIGHTS
  • Land Acres: 0.5
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS 91-92

Ownership

  • Current Owner : BRATTON THEODORE D
  • Current Owner 2: BRATTON KATHERINE ANTHONY
  • Previous Owner : FRANTZ STUART MAYS
  • Previous Owner 2: FRANTZ ELLA PLYLER
  • Owner Generation Identifier: JR

Neighborhood

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

Zoning

  • Zoning: R-2

Geography

  • Account Number: 0067918
  • District: 01
  • Parcel: 1705.19-52-1065 0067918
  • Lot: 91,92
  • Municipality: RALEIGH
  • Latitude: 35.8159
  • Longitude: -78.6451

    Address

  • Full Address: 2426 E Lake Dr
  • Address - House Number: 2426
  • Street Direction: E
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C001
  • 4-Digit Zip Code: 7610
  • Zip Code: 27609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,837

    Appraisal Valuation

  • Standard Deviation: 0.1322
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 1,584,628
  • High Value: 1,794,177
  • Low Value: 1,375,078

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $1,130,000
  • First Open Lien Mortgage Lender: TOWNEBANK MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 03, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $630,000
  • 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: Jan 01, 2050
  • Second Open Lien Mortgage Lender: TOWNEBANK
  • Second Open Lien Mortgage Recording Date: Dec 03, 2019
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $250,000
  • Second Open Lien Mortgage Term: 419
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Dec 03, 2054
  • Third Open Lien Mortgage Lender: WAKE STONE CORPORATION
  • Third Open Lien Mortgage Recording Date: Dec 03, 2019
  • Third Open Lien Mortgage Loan Amount: $250,000
  • Third Open Lien Mortgage Term: 104
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Commercial
  • Third Open Lien Mortgage Loan Due Date: Sep 30, 2028

    Market Valuation

  • Market Total Value: $1,068,364
  • Market Land Value: $460,000
  • Market Improvement Value: $608,364

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,068,364
  • Assessed Land Value: $460,000
  • Assessed Improvements Value: $608,364

    Sales

  • Current Sale Contract Date: Dec 02, 2019
  • Current Sale Recording Date: Dec 03, 2019
  • Current Sale Transaction ID: 11712012359
  • Current Sale Price: $1,200,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 11, 1993
  • Previous Sale Contract Date: Jun 11, 1993
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK MORTGAGE
  • First Mortgage Transaction Date: Dec 03, 2019
  • First Mortgage Loan Amount: $630,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 2426 East Lake Drive located in?
The 2426 East 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 2426 East Lake Drive?
The average sales price for units in 2426 East Lake Drive is $0 currently.

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