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416 Morrison Avenue

416 Morrison Avenue, Raleigh, NC 27608
Property in Five Points East
Sold May 07, 2015
$370,000
$264,000 by State Employees Cu
Mortgage Due Jun 01, 2045
Sold Jan 01, 1976
$25,000
Buyer
Local assessors in Raleigh, NC have categorized 416 Morrison Avenue as a residential type of property. The home was built in 1942 and is 82 years old. It was most recently renovated and altered in 1970. The property's lot size has been calculated to be 6,534 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 416 Morrison Avenue has a total of 1,652 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. The property was last sold in Apr 29, 2015 for $370,000. That's $223.97 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1976 for $25,000. 416 Morrison Avenue was last assessed in 2022. The total value of the property was assessed at $485,904. Specifically, the land the property is located on was valued at $320,000. While improvements on the property were assessed at a total of $165,904. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,940. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1970
  • Total Rooms: 5
  • 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: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,652
  • Building Area: 1,652
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,652
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HAYES BARTON
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS 3 & 4 HAYES BARTON EXTENDED

Ownership

  • Current Owner : SCARBOROUGH RANDALL C
  • Current Owner 2: JONES LILLIAN E
  • Previous Owner : MANN CLYDE S
  • Previous Owner 2: LEE CLYDE M

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051800

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0067465
  • District: 01
  • Parcel: 1704.11-55-8820 0067465
  • Lot: 3,4
  • Municipality: RALEIGH
  • Latitude: 35.7987
  • Longitude: -78.6431

    Address

  • Full Address: 416 Morrison Ave
  • Address - House Number: 416
  • Address - Street Name: Morrison
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C011
  • 4-Digit Zip Code: 2540
  • Zip Code: 27608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,940

    Appraisal Valuation

  • Standard Deviation: 0.1332
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 726,711
  • High Value: 823,570
  • Low Value: 629,853

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $264,000
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: May 07, 2015
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $264,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2045

    Market Valuation

  • Market Total Value: $485,904
  • Market Land Value: $320,000
  • Market Improvement Value: $165,904

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $485,904
  • Assessed Land Value: $320,000
  • Assessed Improvements Value: $165,904

    Sales

  • Current Sale Contract Date: Apr 29, 2015
  • Current Sale Recording Date: May 07, 2015
  • Current Sale Transaction ID: 1223434332
  • Current Sale Price: $370,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 01, 1976
  • Previous Sale Contract Date: Jan 01, 1976
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: May 07, 2015
  • First Mortgage Loan Amount: $264,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2045

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 416 Morrison Avenue located in?
The 416 Morrison Avenue is a located in the neighborhood of Five Points East in University, Raleigh.
What is the average sales price for listings in 416 Morrison Avenue?
The average sales price for units in 416 Morrison Avenue is $0 currently.

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