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316 Cutler Street

316 Cutler Street, Raleigh, NC 27603
Property in Boylan Heights
Sold Feb 29, 2016
$402,000
$361,800 by State Employees Cu
Mortgage Due Mar 01, 2046
Sold Nov 16, 2012
$342,000
$256,500 by Suntrust Mortgage Inc
Mortgage Due Dec 01, 2042
316 Cutler 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 1915 and is 109 years old. However, we must point out that the home was most recently renovated and altered in 1985. The building has a total of 2 stories. In addition, 316 Cutler Street has 2,805 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 6,534 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a triplex 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. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a hip style roof. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with no 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. The property was last sold in Feb 29, 2016 for $402,000. That's $143.32 per sqft. Prior to that sales transaction, the property was also sold in Nov 15, 2012 for $342,000. 316 Cutler Street was last assessed in 2022. The total value of the property was assessed at $462,974. Specifically, the land the property is located on was valued at $270,000. While improvements on the property were assessed at a total of $192,974. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,748. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1985
  • Total Rooms: 13
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Building Style: Triplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 3
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 2,805
  • Building Area: 2,805
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,805
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BOYLAN HEIGHTS SUB
  • Land Acres: 0.15
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: LO58 BOYLAN HEIGHTS SUB BM1885-00114

Ownership

  • Current Owner : MURPHY SUE
  • Current Owner 2: RANA JOSEPH M
  • Previous Owner : VILAS MARK W
  • Previous Owner 2: VILAS KATHERINE C
  • Owner Before Previous Owner: PINTO GEORGE JEFFREY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051000

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0038053
  • District: 01
  • Parcel: 1703.06-37-1659 0038053
  • Lot: 58
  • Municipality: RALEIGH
  • Latitude: 35.7764
  • Longitude: -78.6522

    Address

  • Full Address: 316 Cutler St
  • Address - House Number: 316
  • Address - Street Name: Cutler
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C029
  • 4-Digit Zip Code: 2186
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,748

    Appraisal Valuation

  • Standard Deviation: 0.1388
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 83
  • Final Value: 799,534
  • High Value: 910,571
  • Low Value: 688,496

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $361,800
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Feb 29, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $361,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2046

    Market Valuation

  • Market Total Value: $462,974
  • Market Land Value: $270,000
  • Market Improvement Value: $192,974

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $462,974
  • Assessed Land Value: $270,000
  • Assessed Improvements Value: $192,974

    Sales

  • Current Sale Contract Date: Feb 29, 2016
  • Current Sale Recording Date: Feb 29, 2016
  • Current Sale Transaction ID: 11475738021
  • Current Sale Price: $402,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Nov 16, 2012
  • Previous Sale Contract Date: Nov 15, 2012
  • Previous Sale Amount: $342,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Feb 29, 2016
  • First Mortgage Loan Amount: $361,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Mar 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Nov 16, 2012
  • Previous Mortgage Loan Amount: $256,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2042

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Frequently Asked Questions

What neighborhood is 316 Cutler Street located in?
The 316 Cutler Street is a located in the neighborhood of Boylan Heights in Central Raleigh, Raleigh.
What is the average sales price for listings in 316 Cutler Street?
The average sales price for units in 316 Cutler Street is $0 currently.

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