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405 Bragg Street

405 Bragg Street, Raleigh, NC 27601
House in South Park
Sold Apr 05, 2023
$555,000
$486,000 by Movement Mortgage, Llc
Mortgage Due May 01, 2053
405 Bragg Street 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 2022 and is 2 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 405 Bragg Street has 1,632 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 4,356 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. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. 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. 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. 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, 405 Bragg Street sold most recently in Mar 31, 2023 for a total of $555,000. If you work out the math, that's approximately a cost of $340.07 per sqft. 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 $5,111 in taxes each year. The initial year of tax delinquency occurred in 2022. 405 Bragg Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $467,027. If we break it down further, the land itself was valued at $131,250. Improvements to the property, however, were assessed at a total of $335,777. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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.

Building Features

Condition

New Construction
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,632
  • Building Area: 1,632
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,632
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO3 RCMB WEATHERVANE PROPERTIES LLC BM2021-01633

Ownership

  • Current Owner : BURTON VALA CHRISTINE
  • Current Owner 2: MENESES ENRIQUE ALAN
  • Previous Owner : BARTON INVESTMENT GROUP LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050900

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0488737
  • District: 01
  • Parcel: 1703.16-83-7911 0488737
  • Lot: 3
  • Municipality: RALEIGH
  • Latitude: 35.7659
  • Longitude: -78.6337

    Address

  • Full Address: 405 Bragg St
  • Address - House Number: 405
  • Address - Street Name: Bragg
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C002
  • 4-Digit Zip Code: 2703
  • Zip Code: 27601

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,111
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0686
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 96
  • Final Value: 563,424
  • High Value: 602,082
  • Low Value: 524,766

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $486,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE, LLC
  • First Open Lien Mortgage Recording Date: Apr 05, 2023
  • First Open Lien Mortgage Loan Amount: $486,000
  • 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, 2053

    Market Valuation

  • Market Total Value: $467,027
  • Market Land Value: $131,250
  • Market Improvement Value: $335,777

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $467,027
  • Assessed Land Value: $131,250
  • Assessed Improvements Value: $335,777

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 05, 2023
  • Current Sale Transaction ID: 11904861387
  • Current Sale Price: $555,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE, LLC
  • First Mortgage Transaction Date: Apr 05, 2023
  • First Mortgage Loan Amount: $486,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2053

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Frequently Asked Questions

What neighborhood is 405 Bragg Street located in?
The 405 Bragg Street is a house located in the neighborhood of South Park in Central Raleigh, Raleigh.
What is the average sales price for listings in 405 Bragg Street?
The average sales price for units in 405 Bragg Street is $0 currently.

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