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405 Challenge Road

405 Challenge Road, Raleigh, NC 27603
Property in Eagle Ridge
Sold Apr 15, 2020
$80,000
$68,000 by North State Bank
Mortgage Due Apr 15, 2030
Sold Nov 09, 2016
$312,500
$296,875 by Geneva Financial Llc
Mortgage Due Dec 01, 2046
405 Challenge Road 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 2005 and is 19 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 405 Challenge Road has 3,108 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 15,246 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 420 sqft. The exterior walls of the building are made of alum/vinyl siding. 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 and being fueled with gas. 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. 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, 405 Challenge Road was last sold in Apr 15, 2020 for $80,000. According to our calculations, that's $25.74 per sqft. Prior to that sales transaction, the property was sold for $312,500 in Nov 8, 2016. Current property owners are expected to pay $4,196 in taxes per year. The property on 405 Challenge Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $356,397. To break that down further, the land itself was valued at $71,500. While improvements to the property were assessed at a total of $284,897. 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. 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. 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: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 3,108
  • Building Area: 3,108
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,108
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: EAGLE RIDGE SUB
  • Land Acres: 0.35
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO438 EAGLE RIDGE SUB PH5B SC1 BM2005-00041

Ownership

  • Current Owner : B JACKSON HOLDING LLC
  • Previous Owner : YANG LEE CHU
  • Previous Owner 2: YANG DIAN HONG
  • Owner Before Previous Owner: BUSHAW MARK J
  • Owner Before Previous Owner 2: BUSHAW KATHLEEN E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053009

Zoning

  • Zoning: R-12-PR

Geography

  • Account Number: 0327381
  • District: 15
  • Parcel: 0699.02-68-9450 0327381
  • Lot: 438
  • Municipality: PANTHER BRANCH
  • Latitude: 35.6685
  • Longitude: -78.6735

    Address

  • Full Address: 405 Challenge Rd
  • Address - House Number: 405
  • Address - Street Name: Challenge
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C025
  • 4-Digit Zip Code: 5562
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,196

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 594,771
  • High Value: 668,391
  • Low Value: 521,150

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $345,500
  • First Open Lien Mortgage Lender: NORTH STATE BANK
  • First Open Lien Mortgage Recording Date: Apr 15, 2020
  • First Open Lien Mortgage Loan Amount: $68,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Apr 15, 2030
  • Second Open Lien Mortgage Lender: NORTH STATE BANK
  • Second Open Lien Mortgage Recording Date: Nov 23, 2021
  • Second Open Lien Mortgage Loan Amount: $277,500
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2036

    Market Valuation

  • Market Total Value: $356,397
  • Market Land Value: $71,500
  • Market Improvement Value: $284,897

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $356,397
  • Assessed Land Value: $71,500
  • Assessed Improvements Value: $284,897

    Sales

  • Current Sale Contract Date: Apr 15, 2020
  • Current Sale Recording Date: Apr 15, 2020
  • Current Sale Transaction ID: 11762079749
  • Current Sale Price: $80,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Nov 09, 2016
  • Previous Sale Contract Date: Nov 08, 2016
  • Previous Sale Amount: $312,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTH STATE BANK
  • First Mortgage Transaction Date: Apr 15, 2020
  • First Mortgage Loan Amount: $68,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Apr 15, 2030

    Previous Mortgages

  • Previous Mortgage Lender: GENEVA FINANCIAL LLC
  • Previous Mortgage Transaction Date: Nov 09, 2016
  • Previous Mortgage Loan Amount: $296,875
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2046

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Frequently Asked Questions

What neighborhood is 405 Challenge Road located in?
The 405 Challenge Road is a located in the neighborhood of Eagle Ridge in Eagle Ridge, Raleigh.
What is the average sales price for listings in 405 Challenge Road?
The average sales price for units in 405 Challenge Road is $0 currently.

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