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3017 Falls River Avenue

3017 Falls River Avenue, Raleigh, NC 27614
Sold Aug 24, 2018
$585,000
$285,000 by Cornerstone Home Lending Inc
Mortgage Due Sep 01, 2048
Sold May 17, 2005
$540,000
$289,000 by Bank Of America Na
Mortgage Due Jun 01, 2035
Local assessors in Raleigh, NC have categorized 3017 Falls River Avenue as a residential type of property. The home was built in 2005 and is 19 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 10,454 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 3017 Falls River Avenue has a total of 4,278 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 308 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 and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 3017 Falls River Avenue was last sold in Aug 23, 2018 for $585,000. According to our calculations, that's $136.75 per sqft. Prior to that sales transaction, the property was sold for $540,000 in May 16, 2005. Current property owners are expected to pay $6,216 in taxes per year. The property on 3017 Falls River Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $611,994. To break that down further, the land itself was valued at $100,000. While improvements to the property were assessed at a total of $511,994. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 2005
  • Effective Year Built: 2010
  • 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 Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 308
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 4,278
  • Building Area: 4,278
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,278
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BEDFORD FALLS RIVER
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO367 BEDFORD @ FALLS RIVER P9 02-961-4

Ownership

  • Current Owner : FINGER RICHARD W
  • Current Owner 2: TSENG HUI M
  • Previous Owner : BENOIT WALTER ESDRAS
  • Previous Owner 2: BENOIT NANCY JANE
  • Owner Before Previous Owner: BARRINGTON HOMES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054013

Zoning

  • Zoning: PD

Geography

  • Account Number: 0312196
  • District: 13
  • Parcel: 1729.04-91-6410 0312196
  • Lot: 367
  • Municipality: NEUSE
  • Latitude: 35.9237
  • Longitude: -78.5622

    Address

  • Full Address: 3017 Falls River Ave
  • Address - House Number: 3017
  • Address - Street Name: Falls River
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R090
  • 4-Digit Zip Code: 8648
  • Zip Code: 27614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,216

    Appraisal Valuation

  • Standard Deviation: 0.165
  • Valuation Date: Sep 21, 2022
  • Confidence Score: 79
  • Final Value: 949,295
  • High Value: 1,106,018
  • Low Value: 792,573

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $563,000
  • First Open Lien Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Open Lien Mortgage Recording Date: Aug 24, 2018
  • First Open Lien Mortgage Loan Amount: $285,000
  • 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: Sep 01, 2048
  • Second Open Lien Mortgage Lender: CORNERSTONE HOME LENDING INC
  • Second Open Lien Mortgage Recording Date: Jun 26, 2020
  • Second Open Lien Mortgage Loan Amount: $278,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2035

    Market Valuation

  • Market Total Value: $611,994
  • Market Land Value: $100,000
  • Market Improvement Value: $511,994

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $611,994
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $511,994

    Sales

  • Current Sale Contract Date: Aug 23, 2018
  • Current Sale Recording Date: Aug 24, 2018
  • Current Sale Transaction ID: 11501059575
  • Current Sale Price: $585,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 17, 2005
  • Previous Sale Contract Date: May 16, 2005
  • Previous Sale Amount: $540,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Mortgage Transaction Date: Aug 24, 2018
  • First Mortgage Loan Amount: $285,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: May 17, 2005
  • Previous Mortgage Loan Amount: $289,000
  • 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: Jun 01, 2035

About North Raleigh



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Frequently Asked Questions

What neighborhood is 3017 Falls River Avenue located in?
The 3017 Falls River Avenue is a house located in the neighborhood of Bedford at Falls River in North Raleigh, Raleigh.
What is the average sales price for listings in 3017 Falls River Avenue?
The average sales price for units in 3017 Falls River Avenue is $599,000 , or $139/sqft. currently.

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