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3512 Lownwood Way

3512 Lownwood Way, Raleigh, NC 27616
Property in Mitchell Mill
Sold Aug 29, 2017
$285,000
$305,000 by Advantage Lending Llc
Mortgage Due May 01, 2052
Sold Mar 13, 2015
$242,500
$218,250 by Movement Mortgage
Mortgage Due Apr 01, 2045
Local assessors in Raleigh, NC have categorized 3512 Lownwood Way as a residential type of property. The home was built in 2001 and is 23 years old. The property's lot size has been calculated to be 18,731 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3512 Lownwood Way has a total of 2,968 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 480 sqft. The building has a gable style roof. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. 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 wood. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 3512 Lownwood Way sold most recently in Aug 28, 2017 for a total of $285,000. If you work out the math, that's approximately a cost of $96.02 per sqft. Before that, the property was also sold for $242,500 in Mar 13, 2015. 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 $3,160 in taxes each year. 3512 Lownwood Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $310,145. If we break it down further, the land itself was valued at $69,750. Improvements to the property, however, were assessed at a total of $240,395. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 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: 18,731
  • 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: 0.43
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO271 MITCHELL MILL SUB PH9 BM2001-953

Ownership

  • Current Owner : RODGERS CHANSTON
  • Current Owner 2: RODGERS LASHAWNNA
  • Previous Owner : BROWNELL WILLIAM
  • Previous Owner 2: BROWNELL KRISTIN
  • Owner Before Previous Owner: HODGES BRUCE A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0290375
  • District: 19
  • Subdivision Phase Number: 9
  • Parcel: 1747.03-44-5423 0290375
  • Lot: 271
  • Municipality: WAKE FOREST
  • Latitude: 35.877
  • Longitude: -78.5122

    Address

  • Full Address: 3512 Lownwood Way
  • Address - House Number: 3512
  • 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: $3,160

    Appraisal Valuation

  • Standard Deviation: 0.1283
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 524,995
  • High Value: 592,365
  • Low Value: 457,625

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $305,000
  • First Open Lien Mortgage Lender: ADVANTAGE LENDING LLC
  • First Open Lien Mortgage Recording Date: Apr 18, 2022
  • First Open Lien Mortgage Loan Amount: $305,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $310,145
  • Market Land Value: $69,750
  • Market Improvement Value: $240,395

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $310,145
  • Assessed Land Value: $69,750
  • Assessed Improvements Value: $240,395

    Sales

  • Current Sale Contract Date: Aug 28, 2017
  • Current Sale Recording Date: Aug 29, 2017
  • Current Sale Transaction ID: 1733350923
  • Current Sale Price: $285,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Mar 13, 2015
  • Previous Sale Contract Date: Mar 13, 2015
  • Previous Sale Amount: $242,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ON Q FINANCIAL INC
  • First Mortgage Transaction Date: Aug 29, 2017
  • First Mortgage Loan Amount: $279,837
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: MOVEMENT MORTGAGE
  • Previous Mortgage Transaction Date: Mar 13, 2015
  • Previous Mortgage Loan Amount: $218,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2045

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Frequently Asked Questions

What neighborhood is 3512 Lownwood Way located in?
The 3512 Lownwood Way is a located in the neighborhood of Mitchell Mill in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 3512 Lownwood Way?
The average sales price for units in 3512 Lownwood Way is $0 currently.

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