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404 Latimer Road

404 Latimer Road, Raleigh, NC 27609
Property in Lakemont
Sold Aug 17, 2020
$432,000
$345,600 by Alcova Mortgage Llc
Mortgage Due Sep 01, 2040
Sold Aug 25, 2017
$300,000
$270,000 by Ovm Financial Inc
Mortgage Due Sep 01, 2047
404 Latimer Road in Raleigh, NC was first built in 1962 and is 62 years old. Although, the building on the property was most recently renovated and altered in 1980. 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 are a total of 2 full bathrooms. There are 2 partial bathrooms. 404 Latimer Road has 1,250 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 brick control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. 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. 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, 404 Latimer Road sold most recently in Aug 13, 2020 for a total of $432,000. If you work out the math, that's approximately a cost of $345.60 per sqft. Before that, the property was also sold for $300,000 in Aug 24, 2017. 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 $3,419 in taxes each year. 404 Latimer Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $335,734. If we break it down further, the land itself was valued at $240,000. Improvements to the property, however, were assessed at a total of $95,734. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1962
  • Effective Year Built: 1980
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • 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: 1,250
  • Building Area: 1,250
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,250
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LAKEMONT
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO33 LAKEMONT SE2 BM1962-00039

Ownership

  • Current Owner : HODGSON DAVID
  • Current Owner 2: ALLEGRET TAYLER
  • Previous Owner : HALL BRANDON D
  • Previous Owner 2: HALL BONNIE
  • Owner Before Previous Owner: AMBURN KASEY
  • Owner Before Previous Owner 2: AMBURN PAUL G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052602

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: BK 1962 PG 39
  • Account Number: 0028023
  • District: 01
  • Section: 2
  • Parcel: 1706.20-81-8543 0028023
  • Lot: 33
  • Municipality: RALEIGH
  • Latitude: 35.8419
  • Longitude: -78.6327

    Address

  • Full Address: 404 Latimer Rd
  • Address - House Number: 404
  • Address - Street Name: Latimer
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C010
  • 4-Digit Zip Code: 5906
  • Zip Code: 27609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,419

    Appraisal Valuation

  • Standard Deviation: 0.1322
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 565,934
  • High Value: 640,772
  • Low Value: 491,095

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $345,600
  • First Open Lien Mortgage Lender: ALCOVA MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 17, 2020
  • First Open Lien Mortgage Loan Amount: $345,600
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2040

    Market Valuation

  • Market Total Value: $335,734
  • Market Land Value: $240,000
  • Market Improvement Value: $95,734

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $335,734
  • Assessed Land Value: $240,000
  • Assessed Improvements Value: $95,734

    Sales

  • Current Sale Contract Date: Aug 13, 2020
  • Current Sale Recording Date: Aug 17, 2020
  • Current Sale Transaction ID: 11789772558
  • Current Sale Price: $432,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 25, 2017
  • Previous Sale Contract Date: Aug 24, 2017
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALCOVA MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 17, 2020
  • First Mortgage Loan Amount: $345,600
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2040

    Previous Mortgages

  • Previous Mortgage Lender: OVM FINANCIAL INC
  • Previous Mortgage Transaction Date: Aug 25, 2017
  • Previous Mortgage Loan Amount: $270,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2047

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Frequently Asked Questions

What neighborhood is 404 Latimer Road located in?
The 404 Latimer Road is a located in the neighborhood of Lakemont in North Hills, Raleigh.
What is the average sales price for listings in 404 Latimer Road?
The average sales price for units in 404 Latimer Road is $0 currently.

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