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304 Penn Oak Circle

304 Penn Oak Circle, Raleigh, NC 27615
Sold Aug 07, 2018
$210,000
$202,000 by State Employees Cu
Mortgage Due Sep 01, 2048
Sold Jul 06, 2016
$162,000
$159,065 by Caliber Home Loans Inc
Mortgage Due Aug 01, 2046
304 Penn Oak Circle in Raleigh, NC was first built in 1979 and is 45 years old. Although, the building on the property was most recently renovated and altered in 1984. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a split foyer style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 304 Penn Oak Circle has 1,594 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 469 sqft and has been categorized as a full basement. In total, the area measurement of the land is 17,860 square feet.

Learn more about the property and building on this page. The home has a gable style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. 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, 304 Penn Oak Circle sold most recently in Jul 20, 2018 for a total of $210,000. If you work out the math, that's approximately a cost of $131.74 per sqft. Before that, the property was also sold for $162,000 in Jul 5, 2016. 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 $2,280 in taxes each year. 304 Penn Oak Circle was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $223,254. If we break it down further, the land itself was valued at $107,000. Improvements to the property, however, were assessed at a total of $116,254. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1984
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Split foyer
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 469
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,860
  • Total Building Area: 1,594
  • Building Area: 1,594
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,594
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SIX FORKS NORTH
  • Land Acres: 0.41
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO70 SIX FORKS NORTH SE5-B

Ownership

  • Current Owner : MITIL ISLAND
  • Previous Owner : LITTLE GLENN BRANHAM
  • Owner Before Previous Owner: JONES RICHARD HARRISON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053723

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0109352
  • District: 07
  • Parcel: 1707.10-37-4434 0109352
  • Lot: 70
  • Municipality: HOUSE CREEK
  • Latitude: 35.8855
  • Longitude: -78.6509

    Address

  • Full Address: 304 Penn Oak Cir
  • Address - House Number: 304
  • Address - Street Name: Penn Oak
  • Address - Suffix Type: Cir
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C005
  • 4-Digit Zip Code: 4918
  • Zip Code: 27615

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,280

    Appraisal Valuation

  • Standard Deviation: 0.1392
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 83
  • Final Value: 379,982
  • High Value: 432,895
  • Low Value: 327,070

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $252,000
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Aug 07, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $202,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2048
  • Second Open Lien Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Aug 25, 2022
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $223,254
  • Market Land Value: $107,000
  • Market Improvement Value: $116,254

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $223,254
  • Assessed Land Value: $107,000
  • Assessed Improvements Value: $116,254

    Sales

  • Current Sale Contract Date: Jul 20, 2018
  • Current Sale Recording Date: Aug 07, 2018
  • Current Sale Transaction ID: 11491051430
  • Current Sale Price: $210,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 06, 2016
  • Previous Sale Contract Date: Jul 05, 2016
  • Previous Sale Amount: $162,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Aug 07, 2018
  • First Mortgage Loan Amount: $202,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Sep 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CALIBER HOME LOANS INC
  • Previous Mortgage Transaction Date: Jul 06, 2016
  • Previous Mortgage Loan Amount: $159,065
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2046

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Frequently Asked Questions

What neighborhood is 304 Penn Oak Circle located in?
The 304 Penn Oak Circle is a house located in the neighborhood of Six Forks North in North Raleigh, Raleigh.
What is the average sales price for listings in 304 Penn Oak Circle?
The average sales price for units in 304 Penn Oak Circle is $0 currently.

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