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2615 Grant Avenue

2615 Grant Avenue, Raleigh, NC 27608
Sold Oct 06, 2020
$1,293,500
$510,400 by Towne Mortgage Of The Carolina
Mortgage Due Nov 01, 2050
Sold Sep 26, 2019
$357,500
$975,000 by Farmers & Merchants Bank
Mortgage
Local assessors in Raleigh, NC have categorized 2615 Grant Avenue as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 11,326 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2615 Grant Avenue has a total of 3,773 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 504 sqft. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 2615 Grant Avenue sold most recently in Oct 6, 2020 for a total of $1,293,500. If you work out the math, that's approximately a cost of $342.83 per sqft. Before that, the property was also sold for $357,500 in Sep 26, 2019. 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 $12,580 in taxes each year. 2615 Grant Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,240,495. If we break it down further, the land itself was valued at $369,750. Improvements to the property, however, were assessed at a total of $870,745. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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

Condition

New Construction

Parking

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

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 504
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 3,773
  • Building Area: 3,773
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,773
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WINSTON LAND SUB
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO25 R.W. WINSTON LAND SUB

Ownership

  • Current Owner : LEVINSON MARC J
  • Previous Owner : DJF BUILDERS INC
  • Owner Before Previous Owner: TRENTON HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0445177
  • District: 01
  • Parcel: 0794.12-87-5173 0445177
  • Lot: 25
  • Municipality: RALEIGH
  • Latitude: 35.8024
  • Longitude: -78.6676

    Address

  • Full Address: 2615 Grant Ave
  • Address - House Number: 2615
  • Address - Street Name: Grant
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C001
  • 4-Digit Zip Code: 1933
  • Zip Code: 27608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,580

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 1,623,452
  • High Value: 1,824,403
  • Low Value: 1,422,500

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,400
  • First Open Lien Mortgage Lender: TOWNE MORTGAGE OF THE CAROLINA
  • First Open Lien Mortgage Recording Date: Oct 06, 2020
  • First Open Lien Mortgage Loan Amount: $510,400
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $1,240,495
  • Market Land Value: $369,750
  • Market Improvement Value: $870,745

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,240,495
  • Assessed Land Value: $369,750
  • Assessed Improvements Value: $870,745

    Sales

  • Current Sale Contract Date: Oct 06, 2020
  • Current Sale Recording Date: Oct 06, 2020
  • Current Sale Transaction ID: 11817055260
  • Current Sale Price: $1,293,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 26, 2019
  • Previous Sale Contract Date: Sep 26, 2019
  • Previous Sale Amount: $357,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNE MORTGAGE OF THE CAROLINA
  • First Mortgage Transaction Date: Oct 06, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FARMERS & MERCHANTS BANK
  • Previous Mortgage Transaction Date: Sep 26, 2019
  • Previous Mortgage Loan Amount: $975,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About University



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Nearby Rentals

Unit for rent at

$1,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,146 ft²
Listing by Ann-Cabell Baum
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$1,950 /mo

  • 3 Beds
  • 2 Baths
Listing by Christine Dillard
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$1,900 /mo

  • 1 Bed
  • 1 Bath
  • 660 ft²
Listing by Manager
Unit for rent at

$1,795 /mo

  • 3 Beds
  • 2 Baths
  • 1,400 ft²
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Unit for rent at

$1,795 /mo

  • 4 Beds
  • 4 Baths
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Frequently Asked Questions

What neighborhood is 2615 Grant Avenue located in?
The 2615 Grant Avenue is a house located in the neighborhood of Sunset Hills in University, Raleigh.
What is the average sales price for listings in 2615 Grant Avenue?
The average sales price for units in 2615 Grant Avenue is $1,290,000 , or $335/sqft. currently.

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