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344 Summit Avenue

344 Summit Avenue, Raleigh, NC 27603
Sold Feb 10, 2022
$475,000
$356,250 by North State Bank
Mortgage Due Apr 05, 2032
Sold Jul 14, 2000
$56,500
$50,670 by Dba Tucker Federal Mtg
Mortgage Due Aug 01, 2015
344 Summit Avenue in Raleigh, NC was first built in 1908 and is 116 years old. Although, the building on the property was most recently renovated and altered in 1960. 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 is only one bathroom. There is a 1 partial bathroom. 344 Summit Avenue has 1,082 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 12,197 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 fair. 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. The property was last sold in Feb 10, 2022 for $475,000. That's $439.00 per sqft. Prior to that sales transaction, the property was also sold in Jul 14, 2000 for $56,500. 344 Summit Avenue was last assessed in 2022. The total value of the property was assessed at $161,148. Specifically, the land the property is located on was valued at $120,000. While improvements on the property were assessed at a total of $41,148. 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 $1,652. 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: 1908
  • Effective Year Built: 1960
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • 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: 12,197
  • Total Building Area: 1,082
  • Building Area: 1,082
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,082
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 344 SUMMIT AVENUE

Ownership

  • Current Owner : SHACK HOLDINGS LLC
  • Previous Owner : GAY JR MARVIN E
  • Previous Owner 2: GAY CYNTHIA W
  • Owner Before Previous Owner: PEIFER RICHARD JAMES
  • Owner Before Previous Owner 2: RUNYON ANNE MARSHALL
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054500

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0002182
  • District: 01
  • Parcel: 1703.18-32-3228 0002182
  • Municipality: RALEIGH
  • Latitude: 35.7616
  • Longitude: -78.6516

    Address

  • Full Address: 344 Summit Ave
  • Address - House Number: 344
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C031
  • 4-Digit Zip Code: 2352
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,652

    Appraisal Valuation

  • Standard Deviation: 0.0687
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 96
  • Final Value: 304,548
  • High Value: 325,472
  • Low Value: 283,624

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $356,250
  • First Open Lien Mortgage Lender: NORTH STATE BANK
  • First Open Lien Mortgage Recording Date: Mar 14, 2022
  • First Open Lien Mortgage Loan Amount: $356,250
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 05, 2032

    Market Valuation

  • Market Total Value: $161,148
  • Market Land Value: $120,000
  • Market Improvement Value: $41,148

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $161,148
  • Assessed Land Value: $120,000
  • Assessed Improvements Value: $41,148

    Sales

  • Current Sale Contract Date: Feb 10, 2022
  • Current Sale Recording Date: Feb 10, 2022
  • Current Sale Transaction ID: 11894903544
  • Current Sale Price: $475,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 14, 2000
  • Previous Sale Contract Date: Jul 14, 2000
  • Previous Sale Amount: $56,500
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: DBA TUCKER FEDERAL MTG
  • Previous Mortgage Transaction Date: Jul 14, 2000
  • Previous Mortgage Loan Amount: $50,670
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: Aug 01, 2015

About Southwest Raleigh



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Frequently Asked Questions

What neighborhood is 344 Summit Avenue located in?
The 344 Summit Avenue is a house located in the neighborhood of Caraleigh-Fuller Heights in Southwest Raleigh, Raleigh.
What is the average sales price for listings in 344 Summit Avenue?
The average sales price for units in 344 Summit Avenue is $0 currently.

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