Check Availability
$2,900,000
House - For Sale

2522 Medway Drive

Raleigh, NC 27608
bedrooms
6 Beds
bathrooms
6.5 Baths, 1 Half Bath
square feet
5831 Sqft
$14,661
Estimated Monthly
$0
HOA / Fees

About This Property

A rare presale opportunity for the buyer that has an appreciation for architectural design. The first ever Alvarez Morris house plan is finally coming to Raleigh bringing a welcome elevated style to Raleigh's streetscape with LTB bringing it to life in the rarely available, highly sought after Anderson Heights.  A stunning, thoughtful plan that simultaneously encompasses simplicity & luxury with hand selected designer finishes.  A collaborative effort from the best in the business for a first-of-its-kind home in Raleigh.

The manager has listed the unit size as 5831 square feet.
Unit Size
5,831Ft²
Days on Market
19 days
Land Size
0.33 acres
Price per sqft
$497
Property Type
House
Property Taxes
$421
HOA Dues
-
Year Built
1958
Listed By
Last updated: 18 days ago (TRIANGLE #10021907)

Price History

Date / Event Date Event Price
Apr 9, 2024 Listed by Rich Realty Group, Inc $2,900,000
Listed by Rich Realty Group, Inc
Apr 3, 2024 No longer available -
No longer available
Jan 4, 2024 Relisted $2,900,000
Relisted
Jan 3, 2024 No longer available -
No longer available
Aug 17, 2023 Price Decreased $2,900,000
↓ $600K (17.1%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Brick
Building Details
New Construction

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1970
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Excellent
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 1,526
  • Building Area: 1,526
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,526
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: OXFORD PARK
  • Land Acres: 0.33
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO72 OXFORD PARK BM1956-00116

Ownership

  • Current Owner : LTB DEVELOPMENT LLC
  • Previous Owner : REED CYNTHIA HIANNANT
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051800

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0026474
  • District: 01
  • Parcel: 1705.20-82-4171 0026474
  • Lot: 72
  • Municipality: RALEIGH
  • Latitude: 35.816
  • Longitude: -78.6342

    Address

  • Full Address: 2522 Medway Dr
  • Address - House Number: 2522
  • Address - Street Name: Medway
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C009
  • 4-Digit Zip Code: 1615
  • Zip Code: 27608

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,057

    Appraisal Valuation

  • Standard Deviation: 0.1315
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 85
  • Final Value: 685,833
  • High Value: 776,034
  • Low Value: 595,632

    Market Valuation

  • Market Total Value: $462,133
  • Market Land Value: $435,000
  • Market Improvement Value: $27,133

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $462,133
  • Assessed Land Value: $435,000
  • Assessed Improvements Value: $27,133

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11871014289
  • Current Sale Price: $570,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 06, 1988
  • Previous Sale Contract Date: May 06, 1988
  • Previous Sale Amount: $7,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUSAN B REED
  • First Mortgage Transaction Date: Nov 30, 2021
  • First Mortgage Loan Amount: $456,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Seller take-back
  • First Mortgage Loan Due Date: Nov 30, 2022

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
5,270 ft²
$512/ft²
$2,700,000 Dec 1, 2022
-
$5,248/mo

About University


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Nearby Rentals

Unit for rent at 207 W Drewry Lane, Raleigh, NC, 27609

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,073 ft²
207 W Drewry Lane, Raleigh, NC, 27609 Listing by John Hartofelis


Frequently Asked Questions

When was property at 2522 Medway Drive built and last sold?
The property at 2522 Medway Drive was built in 1958 and last sold on Nov 30, 2021 for $570,000.
How much is this home worth?
The estimated value of the home located at 2522 Medway Drive is $2,929,000.
What are some comparable homes to 2522 Medway Drive?
There are currently no comparable homes to 2522 Medway Drive.

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