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308 Marlowe Road

308 Marlowe Road, Raleigh, NC 27609
Sold Jun 03, 2019
$1,905,000
Sold Jun 09, 2017
$1,500,000
$750,000 by Paragon Commercial Bank
Mortgage Due Jul 01, 2024
308 Marlowe Road in Raleigh, NC was first built in 1995 and is 29 years old. Although, the building on the property was most recently renovated and altered in 2010. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 308 Marlowe Road has 8,346 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. In total, the area measurement of the land is 19,602 square feet.

Learn more about the property and building on this page. The home has a hip 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 brick control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 308 Marlowe Road was last sold in Jun 3, 2019 for $1,905,000. According to our calculations, that's $228.25 per sqft. Prior to that sales transaction, the property was sold for $1,500,000 in Jun 7, 2017. Current property owners are expected to pay $19,012 in taxes per year. The property on 308 Marlowe Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,875,726. To break that down further, the land itself was valued at $455,000. While improvements to the property were assessed at a total of $1,420,726. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2010
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,602
  • Total Building Area: 8,346
  • Building Area: 8,346
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 8,346
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MARLOWE COURT SUB
  • Land Acres: 0.45
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO3 MARLOWE COURT SUB BM1993-1265

Ownership

  • Current Owner : THOMPSON HILDRETH LYNNE
  • Current Owner 2: HILDRETH TROY HAROLD
  • Previous Owner : BENEDICT MICHAEL
  • Owner Before Previous Owner: JOYNER G THOMAS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052603

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0200173
  • District: 01
  • Parcel: 1705.15-64-7834 0200173
  • Lot: 3
  • Municipality: RALEIGH
  • Latitude: 35.8235
  • Longitude: -78.6399

    Address

  • Full Address: 308 Marlowe Rd
  • Address - House Number: 308
  • Address - Street Name: Marlowe
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C062
  • 4-Digit Zip Code: 7064
  • Zip Code: 27609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,012

    Appraisal Valuation

  • Standard Deviation: 0.1417
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 71
  • Final Value: 2,579,999
  • High Value: 2,945,731
  • Low Value: 2,214,266

    Market Valuation

  • Market Total Value: $1,875,726
  • Market Land Value: $455,000
  • Market Improvement Value: $1,420,726

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,875,726
  • Assessed Land Value: $455,000
  • Assessed Improvements Value: $1,420,726

    Sales

  • Current Sale Contract Date: Jun 03, 2019
  • Current Sale Recording Date: Jun 03, 2019
  • Current Sale Transaction ID: 11617396855
  • Current Sale Price: $1,905,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 09, 2017
  • Previous Sale Contract Date: Jun 07, 2017
  • Previous Sale Amount: $1,500,000
  • Previous Sale Document Type: Special Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: PARAGON COMMERCIAL BANK
  • Previous Mortgage Transaction Date: Jun 09, 2017
  • Previous Mortgage Loan Amount: $750,000
  • Previous Mortgage Term: 84
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2024

About North Hills



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Frequently Asked Questions

What neighborhood is 308 Marlowe Road located in?
The 308 Marlowe Road is a house located in the neighborhood of Marlowe Court in North Hills, Raleigh.
What is the average sales price for listings in 308 Marlowe Road?
The average sales price for units in 308 Marlowe Road is $0 currently.

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