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304 South Tarboro Street

304 South Tarboro Street, Raleigh, NC 27601
Sold Aug 29, 2019
$650,000
$493,500 by Primelending
Mortgage Due Jun 01, 2050
Sold Aug 11, 2017
$130,000
304 South Tarboro Street 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 2019 and is 5 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 304 South Tarboro Street has 2,541 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 7,405 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary 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. For the features and amenities located on the property. There is a carport for those who require parking. 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 inside of the home is being cooled with central 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, 304 South Tarboro Street sold most recently in Aug 19, 2019 for a total of $650,000. If you work out the math, that's approximately a cost of $255.80 per sqft. Before that, the property was also sold for $130,000 in Aug 4, 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 $6,608 in taxes each year. 304 South Tarboro Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $650,715. If we break it down further, the land itself was valued at $146,475. Improvements to the property, however, were assessed at a total of $504,240. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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

Carport
Covered Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Contemporary
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,541
  • Building Area: 2,541
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,541
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: THE BANKS HOLT PROPERTY
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO6 PALO INVESTMENT PROP RCMB BM2018-01438

Ownership

  • Current Owner : PEADEN MICHAEL
  • Current Owner 2: PEADEN HANNAH
  • Previous Owner : PALO INVESTMENTS PROPERTIES LLC
  • Owner Before Previous Owner: BARAKAT NAMEE
  • Owner Before Previous Owner 2: BARAKAT LAYLA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050700

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0068343
  • District: 01
  • Parcel: 1713.05-17-9525 0068343
  • Lot: 6
  • Municipality: RALEIGH
  • Latitude: 35.776
  • Longitude: -78.6227

    Address

  • Full Address: 304 S Tarboro St
  • Address - House Number: 304
  • Street Direction: S
  • Address - Street Name: Tarboro
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C010
  • 4-Digit Zip Code: 2666
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,608

    Appraisal Valuation

  • Standard Deviation: 0.1328
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 962,446
  • High Value: 1,090,327
  • Low Value: 834,565

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $743,500
  • First Open Lien Mortgage Lender: PRIMELENDING
  • First Open Lien Mortgage Recording Date: May 15, 2020
  • First Open Lien Mortgage Loan Amount: $493,500
  • 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: Jun 01, 2050
  • Second Open Lien Mortgage Lender: TOWER FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jul 08, 2022
  • Second Open Lien Mortgage Loan Amount: $250,000
  • Second Open Lien Mortgage Term: 347
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 25, 2051

    Market Valuation

  • Market Total Value: $650,715
  • Market Land Value: $146,475
  • Market Improvement Value: $504,240

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $650,715
  • Assessed Land Value: $146,475
  • Assessed Improvements Value: $504,240

    Sales

  • Current Sale Contract Date: Aug 19, 2019
  • Current Sale Recording Date: Aug 29, 2019
  • Current Sale Transaction ID: 11644012168
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 11, 2017
  • Previous Sale Contract Date: Aug 04, 2017
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAY CAPITAL MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 29, 2019
  • First Mortgage Loan Amount: $484,350
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2049

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Frequently Asked Questions

What neighborhood is 304 South Tarboro Street located in?
The 304 South Tarboro Street is a house located in the neighborhood of Central Raleigh in Central Raleigh, Raleigh.
What is the average sales price for listings in 304 South Tarboro Street?
The average sales price for units in 304 South Tarboro Street is $0 currently.

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