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3110 New Bern Avenue

3110 New Bern Avenue, Raleigh, NC 27610
Property in East Raleigh
3110 New Bern Avenue has been categorized by the local assessors in Raleigh, NC as a commercial type of property. The building on the property was first built in 1987 and is 37 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3110 New Bern Avenue has 16,440 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 69,696 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Moving on to the building itself. The condition of the building has been evaluated as good. 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 brick control joints. The building has a gable style roof. The exterior walls of the building are made of brick. 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 3110 New Bern Avenue was last sold in Nov 24, 2021 for $4,350,000. According to our calculations, that's $264.60 per sqft. Prior to that sales transaction, the property was sold for $500,000 in Nov 17, 1992. Current property owners are expected to pay $22,191 in taxes per year. The property on 3110 New Bern Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $2,191,740. To break that down further, the land itself was valued at $1,129,075. While improvements to the property were assessed at a total of $1,062,665. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Building Condition: Good
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Business/Commerical Units Count: 9
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 69,696
  • Total Building Area: 16,440
  • Building Area: 16,440
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 16,440
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Subdivision: WAKEFIELD
  • Land Acres: 1.6
  • Standard Land Use Code: Retail stores (personal services, photography, travel)
  • Legal Description 1: REC LTS A1 & A2 WAKEFIELD BLD BM1987-007

Ownership

  • Current Owner : 3110 NEW BERN COMMERCIAL OWNERS LLC
  • Previous Owner : 3110 NEW BERN LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052001

Zoning

  • Zoning: CX-3

Geography

  • Account Number: 0145111
  • District: 01
  • Parcel: 1724.18-22-5186 0145111
  • Lot: A1,A2
  • Municipality: RALEIGH
  • Latitude: 35.7886
  • Longitude: -78.5866

    Address

  • Full Address: 3110 New Bern Ave
  • Address - House Number: 3110
  • Address - Street Name: New Bern
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C035
  • 4-Digit Zip Code: 1200
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,191

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,175,000
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: Nov 24, 2021
  • First Open Lien Mortgage Loan Amount: $3,175,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $2,191,740
  • Market Land Value: $1,129,075
  • Market Improvement Value: $1,062,665

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,191,740
  • Assessed Land Value: $1,129,075
  • Assessed Improvements Value: $1,062,665

    Sales

  • Current Sale Contract Date: Nov 24, 2021
  • Current Sale Recording Date: Nov 24, 2021
  • Current Sale Transaction ID: 11870162690
  • Current Sale Price: $4,350,000
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Nov 17, 1992
  • Previous Sale Contract Date: Nov 17, 1992
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COGENT BANK
  • First Mortgage Transaction Date: Nov 24, 2021
  • First Mortgage Loan Amount: $3,175,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About East Raleigh



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Frequently Asked Questions

What neighborhood is 3110 New Bern Avenue located in?
The 3110 New Bern Avenue is a located in the neighborhood of East Raleigh in East Raleigh, Raleigh.
What is the average sales price for listings in 3110 New Bern Avenue?
The average sales price for units in 3110 New Bern Avenue is $0 currently.

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