See Home Value
$692,153*
House - Off Market

3040 Falls River Avenue

Raleigh, NC 27614
bedrooms
6 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
4141 Sqft
$554,000 - $676,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Aug 27, 2020
$636,000
$508,800 by Movement Mortgage
Mortgage Due Sep 01, 2050
Sold Oct 07, 2005
$541,000
$400,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2035

About This Property

This custom built beauty nestles within gracious landscaping & beckons relaxation on the huge front porch! With a rare, 3 car, side entry garage & expansive, fenced back yard this home checks the boxes for favorite features.The freshly painted interior boasts large, lovely rooms & an exceptionally functional floorplan. From the secluded, 1st flr guest suite to the oversized 3rd flr rec room w/full bath there is room to spare. PLUS, built in bookcases, butlers pantry, a bath for each bdrm &  scrnd porch!

The manager has listed the unit size as 4141 square feet.
Unit Size
4,141Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$149
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2005

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Aug 27, 2020 Sold to Leslie Terbet, Michael Terbet $636,000
Sold to Leslie Terbet, Michael Terbet
Jul 14, 2020 In contract -
In contract
Jul 10, 2020 Listed $615,000
Listed

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • 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: 492
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 4,116
  • Building Area: 4,116
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,116
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BEDFORD FALLS RIV AND
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO632 BEDFORD @ FLLS RVR P16&17 02-1582

Ownership

  • Current Owner : TERBET LESLIE
  • Current Owner 2: TERBET MICHAEL
  • Previous Owner : SCHIAVO DAVID
  • Previous Owner 2: SCHIAVO MAURA BRIDGET
  • Owner Before Previous Owner: CITYSPACE BUILDERS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: PD

Geography

  • Account Number: 0303723
  • District: 13
  • Parcel: 1739.03-01-1420 0303723
  • Lot: 632
  • Municipality: NEUSE
  • Latitude: 35.9237
  • Longitude: -78.5606

    Address

  • Full Address: 3040 Falls River Ave
  • Address - House Number: 3040
  • Address - Street Name: Falls River
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R090
  • 4-Digit Zip Code: 8647
  • Zip Code: 27614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,970

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 80
  • Final Value: 938,500
  • High Value: 1,088,136
  • Low Value: 788,865

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $608,800
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 27, 2020
  • First Open Lien Mortgage Loan Amount: $508,800
  • 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, 2050
  • Second Open Lien Mortgage Lender: FIRST CITIZENS BANK & TRUST CO
  • Second Open Lien Mortgage Recording Date: Sep 08, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $100,000
  • 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: $587,650
  • Market Land Value: $100,000
  • Market Improvement Value: $487,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $587,650
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $487,650

    Sales

  • Current Sale Contract Date: Aug 12, 2020
  • Current Sale Recording Date: Aug 27, 2020
  • Current Sale Transaction ID: 11795254135
  • Current Sale Price: $636,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 07, 2005
  • Previous Sale Contract Date: Oct 06, 2005
  • Previous Sale Amount: $541,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Aug 27, 2020
  • First Mortgage Loan Amount: $508,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Oct 07, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $400,000
  • 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: Nov 01, 2035



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2.5 Baths
2,681 ft²
$223/ft²
$599,000 Jan 8, 2024
-
$422/mo
House
4 Beds
2.5 Baths
2,580 ft²
$223/ft²
$575,000 Nov 13, 2023
-
$424/mo

About North Raleigh


Similar Homes for Sale

Unit for sale at 3436 Falls River Avenue, Raleigh, NC 27614

$575,000

  • 4 Beds
  • 2.5 Baths
  • 2,580 ft²
3436 Falls River Avenue, Raleigh, NC 27614 Listing by Jennifer Spencer
Unit for sale at 10706 Longholme Way, Raleigh, NC 27614

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Nearby Rentals



Frequently Asked Questions

When was property at 3040 Falls River Avenue built and last sold?
The property at 3040 Falls River Avenue was built in 2005 and last sold on Aug 12, 2020 for $636,000.
How much is this home worth?
The estimated value of the home located at 3040 Falls River Avenue is $623,753.
What are some comparable homes to 3040 Falls River Avenue?
There are currently no comparable homes to 3040 Falls River Avenue.

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