Check Availability

324 Latimer Road

324 Latimer Road, Raleigh, NC 27609
House in Lakemont
Sold Jan 19, 2024
$535,000
$1,500,000 by North State Bank
Mortgage Due Apr 20, 2025
Sold Sep 06, 2019
$386,000
$374,420 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2049
Local assessors in Raleigh, NC have categorized 324 Latimer Road as a residential type of property. The home was built in 1962 and is 62 years old. It was most recently renovated and altered in 2019. The property's lot size has been calculated to be 12,197 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 324 Latimer Road has a total of 1,621 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 519 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. 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, 324 Latimer Road was last sold in Jan 18, 2024 for $535,000. According to our calculations, that's $330.04 per sqft. Prior to that sales transaction, the property was sold for $386,000 in Sep 4, 2019. Current property owners are expected to pay $4,337 in taxes per year. The property on 324 Latimer Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $396,060. To break that down further, the land itself was valued at $240,000. While improvements to the property were assessed at a total of $156,060. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 2019
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Split level
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 519
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,621
  • Building Area: 1,621
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,621
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LAKEMONT
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO29 LAKEMONT SE2 BM1962-00039

Ownership

  • Current Owner : RALEIGH CUSTOM HOMES INC
  • Previous Owner : HULL CAROLYN M
  • Previous Owner 2: HULL SCOTT B
  • Owner Before Previous Owner: SMITH ELIZABETH
  • Owner Before Previous Owner 2: SMITH JEREMY
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052602

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0019129
  • District: 01
  • Section: 2
  • Parcel: 1706.20-81-5533 0019129
  • Lot: 29
  • Municipality: RALEIGH
  • Latitude: 35.8419
  • Longitude: -78.6338

    Address

  • Full Address: 324 Latimer Rd
  • Address - House Number: 324
  • Address - Street Name: Latimer
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C010
  • 4-Digit Zip Code: 5977
  • Zip Code: 27609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,337

    Appraisal Valuation

  • Standard Deviation: 0.1313
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 85
  • Final Value: 635,478
  • High Value: 718,971
  • Low Value: 551,985

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: NORTH STATE BANK
  • First Open Lien Mortgage Recording Date: Jan 19, 2024
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 14
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 20, 2025

    Market Valuation

  • Market Total Value: $396,060
  • Market Land Value: $240,000
  • Market Improvement Value: $156,060

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $396,060
  • Assessed Land Value: $240,000
  • Assessed Improvements Value: $156,060

    Sales

  • Current Sale Contract Date: Jan 18, 2024
  • Current Sale Recording Date: Jan 19, 2024
  • Current Sale Transaction ID: 11919787798
  • Current Sale Price: $535,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 06, 2019
  • Previous Sale Contract Date: Sep 04, 2019
  • Previous Sale Amount: $386,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTH STATE BANK
  • First Mortgage Transaction Date: Jan 19, 2024
  • First Mortgage Loan Amount: $1,500,000
  • First Mortgage Terms: 14
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 20, 2025

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Sep 06, 2019
  • Previous Mortgage Loan Amount: $374,420
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2049

About North Hills



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 324 Latimer Road located in?
The 324 Latimer Road is a house located in the neighborhood of Lakemont in North Hills, Raleigh.
What is the average sales price for listings in 324 Latimer Road?
The average sales price for units in 324 Latimer Road is $0 currently.

Quantcast