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405 Frank Street

405 Frank Street, Raleigh, NC 27604
Property in Mordecai
Sold Aug 21, 2017
$352,000
$322,000 by Wells Fargo Bank Na
Mortgage Due Sep 01, 2047
Sold May 19, 2004
$143,000
$128,692 by Wachovia Bank Na
Mortgage Due Jun 16, 2034
Local assessors in Raleigh, NC have categorized 405 Frank Street as a residential type of property. The home was built in 1930 and is 94 years old. It was most recently renovated and altered in 1995. The property's lot size has been calculated to be 5,227 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. 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 405 Frank Street has a total of 1,588 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. 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 frame control joints. The building has a gable style roof. 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 gas. 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 Frank Street was last sold in Aug 21, 2017 for $352,000. According to our calculations, that's $221.66 per sqft. Prior to that sales transaction, the property was sold for $143,000 in May 18, 2004. Current property owners are expected to pay $4,019 in taxes per year. The property on 405 Frank Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $394,925. To break that down further, the land itself was valued at $250,000. While improvements to the property were assessed at a total of $144,925. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1930
  • Effective Year Built: 1995
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 5,227
  • Total Building Area: 1,588
  • Building Area: 1,588
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,588
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HARRY TUCKER&HORNADY&FAUCETTE
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO3 HARRY TUCKER & HORNADY & FAUCETTE PROP BM1920-00244

Ownership

  • Current Owner : MARSH DANIEL C
  • Current Owner 2: SMITH LINDSAY V
  • Previous Owner : PACAYA PROPERTIES LLC
  • Owner Before Previous Owner: NELSON ANDREW LINCOLN
  • Owner Before Previous Owner 2: NELSON JULIA ANN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050500

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0035698
  • District: 01
  • Parcel: 1704.12-95-9003 0035698
  • Lot: 3
  • Municipality: RALEIGH
  • Latitude: 35.7964
  • Longitude: -78.6294

    Address

  • Full Address: 405 Frank St
  • Address - House Number: 405
  • Address - Street Name: Frank
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C046
  • 4-Digit Zip Code: 2015
  • Zip Code: 27604

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,019

    Appraisal Valuation

  • Standard Deviation: 0.1322
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 626,815
  • High Value: 709,711
  • Low Value: 543,918

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $624,900
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Aug 21, 2017
  • First Open Lien Mortgage Loan Amount: $322,000
  • 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: Sep 01, 2047
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • Second Open Lien Mortgage Recording Date: Feb 18, 2021
  • Second Open Lien Mortgage Loan Amount: $302,900
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Market Valuation

  • Market Total Value: $394,925
  • Market Land Value: $250,000
  • Market Improvement Value: $144,925

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $394,925
  • Assessed Land Value: $250,000
  • Assessed Improvements Value: $144,925

    Sales

  • Current Sale Contract Date: Aug 21, 2017
  • Current Sale Recording Date: Aug 21, 2017
  • Current Sale Transaction ID: 1732908859
  • Current Sale Price: $352,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 19, 2004
  • Previous Sale Contract Date: May 18, 2004
  • Previous Sale Amount: $143,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Aug 21, 2017
  • First Mortgage Loan Amount: $322,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: WACHOVIA BANK NA
  • Previous Mortgage Transaction Date: May 19, 2004
  • Previous Mortgage Loan Amount: $128,692
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 16, 2034

About Central Raleigh



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Frequently Asked Questions

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

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