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3818 French Lake Drive

3818 French Lake Drive, Raleigh, NC 27604
Property in New Hope Acres
Sold Mar 01, 2005
$108,500
$92,000 by Branch Banking And Trust Co
Mortgage Due Oct 01, 2040
Sold May 28, 2004
$65,000
$62,000 by Maureen D Pender
Mortgage Due Jul 01, 2014
3818 French Lake Drive in Raleigh, NC was first built in 1955 and is 69 years old. Although, the building on the property was most recently renovated and altered in 1970. 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. 3818 French Lake Drive has 1,120 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 20,038 square feet.

Learn more about the property and building on this page. The home has a gable style roof. 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 no air conditioning. As for heating, the home is utilizing a central heating system. 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, 3818 French Lake Drive was last sold in Feb 28, 2005 for $108,500. According to our calculations, that's $96.88 per sqft. Prior to that sales transaction, the property was sold for $65,000 in May 28, 2004. Current property owners are expected to pay $1,473 in taxes per year. The property on 3818 French Lake Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $143,516. To break that down further, the land itself was valued at $65,000. While improvements to the property were assessed at a total of $78,516. 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: 1955
  • Effective Year Built: 1970
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • 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: 20,038
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,120
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEW HOPE ACRES
  • Land Acres: 0.46
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO31 NEW HOPE ACRES

Ownership

  • Current Owner : COOK KIMBERLYN R
  • Current Owner 2: GRAHAM SETH
  • Previous Owner : LUNDAY DAVID W
  • Owner Before Previous Owner: PENDER MAUREEN D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0019391
  • District: 17
  • Parcel: 1725.07-69-6513 0019391
  • Lot: 31
  • Municipality: ST MATTHEW'S
  • Latitude: 35.8363
  • Longitude: -78.5728

    Address

  • Full Address: 3818 French Lake Dr
  • Address - House Number: 3818
  • Address - Street Name: French Lake
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C032
  • 4-Digit Zip Code: 4326
  • Zip Code: 27604

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,473

    Appraisal Valuation

  • Standard Deviation: 0.1354
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 261,496
  • High Value: 296,921
  • Low Value: 226,070

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $117,000
  • First Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Open Lien Mortgage Recording Date: Sep 10, 2010
  • First Open Lien Mortgage Loan Amount: $92,000
  • 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: Oct 01, 2040
  • Second Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Second Open Lien Mortgage Recording Date: Sep 12, 2014
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $25,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $143,516
  • Market Land Value: $65,000
  • Market Improvement Value: $78,516

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $143,516
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $78,516

    Sales

  • Current Sale Contract Date: Feb 28, 2005
  • Current Sale Recording Date: Mar 01, 2005
  • Current Sale Transaction ID: 1128808384
  • Current Sale Price: $108,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 28, 2004
  • Previous Sale Contract Date: May 28, 2004
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN HOME MORTGAGE ACCEPTA
  • First Mortgage Transaction Date: Mar 01, 2005
  • First Mortgage Loan Amount: $102,790
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Mar 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MAUREEN D PENDER
  • Previous Mortgage Transaction Date: May 28, 2004
  • Previous Mortgage Loan Amount: $62,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Jul 01, 2014

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Frequently Asked Questions

What neighborhood is 3818 French Lake Drive located in?
The 3818 French Lake Drive is a located in the neighborhood of New Hope Acres in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 3818 French Lake Drive?
The average sales price for units in 3818 French Lake Drive is $0 currently.

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