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318 South Tarboro Street

318 South Tarboro Street, Raleigh, NC 27601
Sold Jul 29, 2020
$280,000
$224,000 by Movement Mortgage
Mortgage Due Aug 01, 2050
Sold Oct 04, 2017
$125,000
318 South Tarboro 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 1925 and is 99 years old. However, we must point out that the home was most recently renovated and altered in 2010. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 318 South Tarboro Street has 1,170 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 3,920 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. Moving on to the building itself. The condition of the building has been evaluated as fair. 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 frame control joints. The building has a gable style roof. The exterior walls of the building are made of alum/vinyl siding. 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. 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, 318 South Tarboro Street sold most recently in Jul 28, 2020 for a total of $280,000. If you work out the math, that's approximately a cost of $239.32 per sqft. Before that, the property was also sold for $125,000 in Sep 21, 2017. 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 $2,932 in taxes each year. The initial year of tax delinquency occurred in 2019. 318 South Tarboro Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $287,589. If we break it down further, the land itself was valued at $139,500. Improvements to the property, however, were assessed at a total of $148,089. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. 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: 1925
  • Effective Year Built: 2010
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • 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: 3,920
  • Total Building Area: 1,170
  • Building Area: 1,170
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,170
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.09
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 318 S TARBORO STREET

Ownership

  • Current Owner : JOHNSON CHRISTOPHER ANDREW
  • Previous Owner : LEGACY OF TAS INC
  • Owner Before Previous Owner: BAILEY MARJORIE F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050700

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0023534
  • District: 01
  • Parcel: 1713.09-17-9423 0023534
  • Municipality: RALEIGH
  • Latitude: 35.7756
  • Longitude: -78.6227

    Address

  • Full Address: 318 S Tarboro St
  • Address - House Number: 318
  • Street Direction: S
  • Address - Street Name: Tarboro
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C010
  • 4-Digit Zip Code: 2666
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,932
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 459,872
  • High Value: 523,018
  • Low Value: 396,726

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $374,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 29, 2020
  • First Open Lien Mortgage Loan Amount: $224,000
  • 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: Aug 01, 2050
  • Second Open Lien Mortgage Lender: COASTAL FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Mar 18, 2022
  • Second Open Lien Mortgage Loan Amount: $150,000
  • 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: $287,589
  • Market Land Value: $139,500
  • Market Improvement Value: $148,089

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $287,589
  • Assessed Land Value: $139,500
  • Assessed Improvements Value: $148,089

    Sales

  • Current Sale Contract Date: Jul 28, 2020
  • Current Sale Recording Date: Jul 29, 2020
  • Current Sale Transaction ID: 11779775801
  • Current Sale Price: $280,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 04, 2017
  • Previous Sale Contract Date: Sep 21, 2017
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Jul 29, 2020
  • First Mortgage Loan Amount: $224,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

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Frequently Asked Questions

What neighborhood is 318 South Tarboro Street located in?
The 318 South Tarboro Street is a house located in the neighborhood of Central Raleigh in Central Raleigh, Raleigh.
What is the average sales price for listings in 318 South Tarboro Street?
The average sales price for units in 318 South Tarboro Street is $299,900 , or $251/sqft. currently.

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