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3617 Colewood Drive

3617 Colewood Drive, Raleigh, NC 27604
Property in Colewood Acres
Sold Jan 31, 2020
$140,000
$131,000 by Fairway Independent Mortgage C
Mortgage Due Feb 01, 2050
Sold May 25, 2001
$110,000
Local assessors in Raleigh, NC have categorized 3617 Colewood Drive as a residential type of property. The home was built in 1962 and is 62 years old. The property's lot size has been calculated to be 20,038 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. 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 3617 Colewood Drive has a total of 1,294 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 carport for those who need a place to park their vehicle. 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 brick control joints. The building has a gable style roof. Lots of brick 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. The property was last sold in Jan 23, 2020 for $140,000. That's $108.19 per sqft. Prior to that sales transaction, the property was also sold in May 25, 2001 for $110,000. 3617 Colewood Drive was last assessed in 2022. The total value of the property was assessed at $169,404. Specifically, the land the property is located on was valued at $50,000. While improvements on the property were assessed at a total of $119,404. 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 $1,243. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1962
  • Effective Year Built: 1962
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Average
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,294
  • Building Area: 1,294
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,294
  • Heating Fuel Type: Wood

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: COLEWOOD ACRES
  • Land Acres: 0.46
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO5 COLEWOOD AC

Ownership

  • Current Owner : MONTOYA LUIS
  • Previous Owner : BEACON BAPTIST CHURCH INC
  • Owner Before Previous Owner: MUNNS WILBUR LEE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 052707

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0049605
  • District: 17
  • Parcel: 1724.07-58-7987 0049605
  • Lot: 5
  • Municipality: ST MATTHEW'S
  • Latitude: 35.8071
  • Longitude: -78.5757

    Address

  • Full Address: 3617 Colewood Dr
  • Address - House Number: 3617
  • Address - Street Name: Colewood
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C007
  • 4-Digit Zip Code: 4043
  • Zip Code: 27604

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,243

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 308,525
  • High Value: 346,714
  • Low Value: 270,336

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $131,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jan 31, 2020
  • First Open Lien Mortgage Loan Amount: $131,000
  • 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: Feb 01, 2050

    Market Valuation

  • Market Total Value: $169,404
  • Market Land Value: $50,000
  • Market Improvement Value: $119,404

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $169,404
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $119,404

    Sales

  • Current Sale Contract Date: Jan 23, 2020
  • Current Sale Recording Date: Jan 31, 2020
  • Current Sale Transaction ID: 11724600457
  • Current Sale Price: $140,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 25, 2001
  • Previous Sale Contract Date: May 25, 2001
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jan 31, 2020
  • First Mortgage Loan Amount: $131,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

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Frequently Asked Questions

What neighborhood is 3617 Colewood Drive located in?
The 3617 Colewood Drive is a located in the neighborhood of Colewood Acres in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 3617 Colewood Drive?
The average sales price for units in 3617 Colewood Drive is $0 currently.

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