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2607 Wade Avenue

2607 Wade Avenue, Raleigh, NC 27607
House in Rigney
Sold May 20, 2021
$485,000
Sold Aug 01, 2017
$270,000
$250,000 by Matt Parson Etal
Mortgage Due Aug 01, 2022
2607 Wade Avenue 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 1946 and is 78 years old. However, we must point out that the home was most recently renovated and altered in 1960. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2607 Wade Avenue has 968 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 28,314 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. 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 frame control joints. The building has a gable style roof. The inside of the home is being cooled with no 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. 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, 2607 Wade Avenue sold most recently in May 19, 2021 for a total of $485,000. If you work out the math, that's approximately a cost of $501.03 per sqft. Before that, the property was also sold for $270,000 in Jul 29, 2017. 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 $2,487 in taxes each year. 2607 Wade Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $243,690. If we break it down further, the land itself was valued at $231,000. Improvements to the property, however, were assessed at a total of $12,690. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1960
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Building Style: Conventional
  • 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: 28,314
  • Total Building Area: 968
  • Building Area: 968
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 968
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RIGNEY PROP
  • Land Acres: 0.65
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO2 REC RIGNEY PROP BM2001-00928

Ownership

  • Current Owner : CABA PROPERTIES II LLC
  • Previous Owner : JOHNSON CHARLES H
  • Owner Before Previous Owner: PARSON MATT AARON
  • Owner Before Previous Owner 2: PARSON MICHELLE HIGHT
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051400

Zoning

  • Zoning: RX-3

Geography

  • Account Number: 0060060
  • District: 01
  • Parcel: 0794.12-86-4184 0060060
  • Lot: 2
  • Municipality: RALEIGH
  • Latitude: 35.7997
  • Longitude: -78.6677

    Address

  • Full Address: 2607 Wade Ave
  • Address - House Number: 2607
  • Address - Street Name: Wade
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C006
  • 4-Digit Zip Code: 4115
  • Zip Code: 27607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,487

    Appraisal Valuation

  • Standard Deviation: 0.1211
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 86
  • Final Value: 471,508
  • High Value: 528,635
  • Low Value: 414,380

    Market Valuation

  • Market Total Value: $243,690
  • Market Land Value: $231,000
  • Market Improvement Value: $12,690

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $243,690
  • Assessed Land Value: $231,000
  • Assessed Improvements Value: $12,690

    Sales

  • Current Sale Contract Date: May 19, 2021
  • Current Sale Recording Date: May 20, 2021
  • Current Sale Transaction ID: 11843659787
  • Current Sale Price: $485,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 01, 2017
  • Previous Sale Contract Date: Jul 29, 2017
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: MATT PARSON ETAL
  • Previous Mortgage Transaction Date: Aug 01, 2017
  • Previous Mortgage Loan Amount: $250,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2022

About University



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Frequently Asked Questions

What neighborhood is 2607 Wade Avenue located in?
The 2607 Wade Avenue is a house located in the neighborhood of Rigney in University, Raleigh.
What is the average sales price for listings in 2607 Wade Avenue?
The average sales price for units in 2607 Wade Avenue is $0 currently.

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