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424 Latimer Road

424 Latimer Road, Raleigh, NC 27609
Property in Lakemont
Sold Mar 31, 2022
$1,525,000
$1,220,000 by Jpmorgan Chase Bank Na
Mortgage Due Apr 01, 2052
Sold Apr 07, 2021
$395,000
$850,000 by North State Bank
Mortgage Due Apr 15, 2022
Local assessors in Raleigh, NC have categorized 424 Latimer Road as a residential type of property. The home was built in 2021 and is 3 years old. The property's lot size has been calculated to be 23,087 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 3 full bathrooms. There are also 3 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 424 Latimer Road has a total of 4,201 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 612 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 424 Latimer Road sold most recently in Mar 8, 2022 for a total of $1,525,000. If you work out the math, that's approximately a cost of $363.01 per sqft. Before that, the property was also sold for $395,000 in Mar 24, 2021. 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 $8,569 in taxes each year. 424 Latimer Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,172,757. 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 $932,757. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 2021
  • Effective Year Built: 2021
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 612
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Total Building Area: 4,201
  • Building Area: 4,201
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,201
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LAKEMONT
  • Land Acres: 0.53
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO38 LAKEMONT SE2

Ownership

  • Current Owner : FITZPATRICK CHRISTOPHER JAMES
  • Current Owner 2: FITZPATRICK LYNETTE MARY
  • Previous Owner : HOMESTEAD BUILDING COMPANY
  • Owner Before Previous Owner: HEIGHT AMANDA HALL
  • Owner Before Previous Owner 2: HEIGHT RONALD CLYDE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0025477
  • District: 01
  • Section: 2
  • Parcel: 1706.20-91-2585 0025477
  • Lot: 38
  • Municipality: RALEIGH
  • Latitude: 35.842
  • Longitude: -78.6313

    Address

  • Full Address: 424 Latimer Rd
  • Address - House Number: 424
  • 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: $8,569

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 530,042
  • High Value: 595,651
  • Low Value: 464,433

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,220,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 31, 2022
  • First Open Lien Mortgage Loan Amount: $1,220,000
  • 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: Apr 01, 2052

    Market Valuation

  • Market Total Value: $1,172,757
  • Market Land Value: $240,000
  • Market Improvement Value: $932,757

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,172,757
  • Assessed Land Value: $240,000
  • Assessed Improvements Value: $932,757

    Sales

  • Current Sale Contract Date: Mar 08, 2022
  • Current Sale Recording Date: Mar 31, 2022
  • Current Sale Transaction ID: 11884274891
  • Current Sale Price: $1,525,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Apr 07, 2021
  • Previous Sale Contract Date: Mar 24, 2021
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Mar 31, 2022
  • First Mortgage Loan Amount: $1,220,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: NORTH STATE BANK
  • Previous Mortgage Transaction Date: Apr 07, 2021
  • Previous Mortgage Loan Amount: $850,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Apr 15, 2022

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Frequently Asked Questions

What neighborhood is 424 Latimer Road located in?
The 424 Latimer Road is a located in the neighborhood of Lakemont in North Hills, Raleigh.
What is the average sales price for listings in 424 Latimer Road?
The average sales price for units in 424 Latimer Road is $0 currently.

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