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3305 Loyal Lane

3305 Loyal Lane, Raleigh, NC 27615
Property in Durant Trails
Sold May 21, 2015
$260,000
$140,000 by Tsu Pei Chen Etal
Mortgage Due May 01, 2045
Sold Jun 17, 1996
$207,500
3305 Loyal Lane in Raleigh, NC was first built in 1991 and is 33 years old. 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. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 3305 Loyal Lane has 3,026 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 9,583 square feet.

Learn more about the property and building on this page. The home has a hip style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 483 sqft. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 3305 Loyal Lane was last sold in Apr 15, 2015 for $260,000. According to our calculations, that's $85.92 per sqft. Prior to that sales transaction, the property was sold for $207,500 in Jun 17, 1996. Current property owners are expected to pay $3,663 in taxes per year. The property on 3305 Loyal Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $359,753. To break that down further, the land itself was valued at $65,000. While improvements to the property were assessed at a total of $294,753. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1991
  • Effective Year Built: 1991
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 483
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 3,026
  • Building Area: 3,026
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,026
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: DURANT TRAILS
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO489 DURANT TRAILS PH3 SE10B BM1990-856

Ownership

  • Current Owner : CHEN TING LUN
  • Previous Owner : CHEN TSU PEI
  • Previous Owner 2: CHIH HUA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054016

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: BK 1990 PG 856
  • Account Number: 0184191
  • District: 13
  • Section: 10B
  • Subdivision Phase Number: 3
  • Parcel: 1728.18-22-8324 0184191
  • Lot: 489
  • Municipality: NEUSE
  • Latitude: 35.8989
  • Longitude: -78.5853

    Address

  • Full Address: 3305 Loyal Ln
  • Address - House Number: 3305
  • Address - Street Name: Loyal
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C052
  • 4-Digit Zip Code: 4033
  • Zip Code: 27615

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,663

    Appraisal Valuation

  • Standard Deviation: 0.1303
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 579,242
  • High Value: 654,768
  • Low Value: 503,717

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $140,000
  • First Open Lien Mortgage Lender: TSU PEI CHEN ETAL
  • First Open Lien Mortgage Recording Date: May 21, 2015
  • First Open Lien Mortgage Loan Amount: $140,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: May 01, 2045
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $359,753
  • Market Land Value: $65,000
  • Market Improvement Value: $294,753

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $359,753
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $294,753

    Sales

  • Current Sale Contract Date: Apr 15, 2015
  • Current Sale Recording Date: May 21, 2015
  • Current Sale Transaction ID: 1223792165
  • Current Sale Price: $260,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 17, 1996
  • Previous Sale Contract Date: Jun 17, 1996
  • Previous Sale Amount: $207,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TSU PEI CHEN ETAL
  • First Mortgage Transaction Date: May 21, 2015
  • First Mortgage Loan Amount: $140,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: May 01, 2045

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Frequently Asked Questions

What neighborhood is 3305 Loyal Lane located in?
The 3305 Loyal Lane is a located in the neighborhood of Durant Trails in North Raleigh, Raleigh.
What is the average sales price for listings in 3305 Loyal Lane?
The average sales price for units in 3305 Loyal Lane is $0 currently.

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