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3508 Lownwood Way

3508 Lownwood Way, Raleigh, NC 27616
Sold Dec 06, 2019
$293,000
$445,132 by Sun West Mortgage Company Inc
Mortgage Due Sep 01, 2052
Sold Jul 24, 2019
$282,000
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3508 Lownwood Way 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 2001 and is 23 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3508 Lownwood Way has 2,968 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 10,019 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 480 sqft. 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 wood. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 3508 Lownwood Way was last sold in Dec 5, 2019 for $293,000. According to our calculations, that's $98.72 per sqft. Prior to that sales transaction, the property was sold for $282,000 in Jul 24, 2019. Current property owners are expected to pay $2,903 in taxes per year. The property on 3508 Lownwood Way was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $284,742. To break that down further, the land itself was valued at $45,000. While improvements to the property were assessed at a total of $239,742. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 480
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,968
  • Building Area: 2,968
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,968
  • Heating Fuel Type: Wood

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MITCHELL MILL SUB
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO272 MITCHELL MILL SUB PH9 BM2001-953

Ownership

  • Current Owner : WILLIAMS KENNETH MELVIN
  • Current Owner 2: WILLIAMS ELIZABETH
  • Previous Owner : OPENDOOR PROPERTY J LLC
  • Owner Before Previous Owner: ZUCHLKE MICHAEL
  • Owner Before Previous Owner 2: ZUCHLKE MEGAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054110

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0290376
  • District: 19
  • Subdivision Phase Number: 9
  • Parcel: 1747.03-44-4449 0290376
  • Lot: 272
  • Municipality: WAKE FOREST
  • Latitude: 35.8771
  • Longitude: -78.5124

    Address

  • Full Address: 3508 Lownwood Way
  • Address - House Number: 3508
  • Address - Street Name: Lownwood
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R081
  • 4-Digit Zip Code: 8658
  • Zip Code: 27616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,903

    Appraisal Valuation

  • Standard Deviation: 0.1287
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 492,729
  • High Value: 556,160
  • Low Value: 429,298

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $445,132
  • First Open Lien Mortgage Lender: SUN WEST MORTGAGE COMPANY INC
  • First Open Lien Mortgage Recording Date: Aug 11, 2022
  • First Open Lien Mortgage Loan Amount: $445,132
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2052

    Market Valuation

  • Market Total Value: $284,742
  • Market Land Value: $45,000
  • Market Improvement Value: $239,742

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $284,742
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $239,742

    Sales

  • Current Sale Contract Date: Dec 05, 2019
  • Current Sale Recording Date: Dec 06, 2019
  • Current Sale Transaction ID: 11713916631
  • Current Sale Price: $293,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 24, 2019
  • Previous Sale Contract Date: Jul 24, 2019
  • Previous Sale Amount: $282,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHAOS HOME LOANS LLC
  • First Mortgage Transaction Date: Dec 06, 2019
  • First Mortgage Loan Amount: $298,993
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2050

About Northeast Raleigh



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Frequently Asked Questions

What neighborhood is 3508 Lownwood Way located in?
The 3508 Lownwood Way is a house located in the neighborhood of Mitchell Mill in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 3508 Lownwood Way?
The average sales price for units in 3508 Lownwood Way is $0 currently.

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