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315 Shepherd Street

315 Shepherd Street, Raleigh, NC 27607
Property in Wilmont
Sold Aug 10, 2021
$675,000
$540,000 by Movement Mortgage
Mortgage Due Sep 01, 2051
Sold Jul 01, 1981
$13,500
315 Shepherd Street in Raleigh, NC was first built in 1983 and is 41 years old. Although, the building on the property was most recently renovated and altered in 1990. 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. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 315 Shepherd Street has 1,896 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 8,276 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 central 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, 315 Shepherd Street sold most recently in Aug 5, 2021 for a total of $675,000. If you work out the math, that's approximately a cost of $356.01 per sqft. Before that, the property was also sold for $13,500 in Jul 1, 1981. 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 $5,069 in taxes each year. 315 Shepherd Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $498,639. If we break it down further, the land itself was valued at $308,750. Improvements to the property, however, were assessed at a total of $189,889. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1983
  • Effective Year Built: 1990
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,896
  • Building Area: 1,896
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,896
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WILMONT
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO407 WILMONT REV BM1981-295

Ownership

  • Current Owner : LEVY RACHEL
  • Current Owner 2: KOME SAMUEL
  • Previous Owner : THOMAS ARTHUR CHESTER
  • Previous Owner 2: PATRICIA T NEWMAN LIVING TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051400

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0115958
  • District: 01
  • Parcel: 0794.15-54-5772 0115958
  • Lot: 407
  • Municipality: RALEIGH
  • Latitude: 35.7958
  • Longitude: -78.6777

    Address

  • Full Address: 315 Shepherd St
  • Address - House Number: 315
  • Address - Street Name: Shepherd
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C011
  • 4-Digit Zip Code: 4031
  • Zip Code: 27607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,069

    Appraisal Valuation

  • Standard Deviation: 0.1274
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 85
  • Final Value: 721,370
  • High Value: 813,300
  • Low Value: 629,439

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $540,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 10, 2021
  • First Open Lien Mortgage Loan Amount: $540,000
  • 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, 2051

    Market Valuation

  • Market Total Value: $498,639
  • Market Land Value: $308,750
  • Market Improvement Value: $189,889

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $498,639
  • Assessed Land Value: $308,750
  • Assessed Improvements Value: $189,889

    Sales

  • Current Sale Contract Date: Aug 05, 2021
  • Current Sale Recording Date: Aug 10, 2021
  • Current Sale Transaction ID: 11850746474
  • Current Sale Price: $675,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 01, 1981
  • Previous Sale Contract Date: Jul 01, 1981
  • Previous Sale Amount: $13,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Aug 10, 2021
  • First Mortgage Loan Amount: $540,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About University



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Frequently Asked Questions

What neighborhood is 315 Shepherd Street located in?
The 315 Shepherd Street is a located in the neighborhood of Wilmont in University, Raleigh.
What is the average sales price for listings in 315 Shepherd Street?
The average sales price for units in 315 Shepherd Street is $0 currently.

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