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4505 Lafferty Court

4505 Lafferty Court, Raleigh, NC 27616
Property in North Farms
Sold Aug 16, 2005
$133,500
$133,400 by Bank Of America Na
Mortgage Due Sep 01, 2035
Sold Jun 25, 2004
$135,656
4505 Lafferty Court 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 1989 and is 35 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4505 Lafferty Court has 1,375 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 9,583 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. Moving on to the building itself. The condition of the building has been evaluated as average. 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 building has a gable style roof. 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, 4505 Lafferty Court was last sold in Aug 12, 2005 for $133,500. According to our calculations, that's $97.09 per sqft. Prior to that sales transaction, the property was sold for $135,656 in Jun 23, 2004. Current property owners are expected to pay $1,926 in taxes per year. The property on 4505 Lafferty Court was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $188,203. To break that down further, the land itself was valued at $56,000. While improvements to the property were assessed at a total of $132,203. 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: 1989
  • Effective Year Built: 1989
  • 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: 9,583
  • Total Building Area: 1,375
  • Building Area: 1,375
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,375
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NORTH FARMS
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO105 NORTH FARMS SE3 BM1987-00138

Ownership

  • Current Owner : COLVIN GWENDOLYN
  • Previous Owner : EQUITY TRUST CO
  • Owner Before Previous Owner: JONES KELLY R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054008

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0163094
  • District: 13
  • Section: 3
  • Parcel: 1726.16-84-3405 0163094
  • Lot: 105
  • Municipality: NEUSE
  • Latitude: 35.8497
  • Longitude: -78.567

    Address

  • Full Address: 4505 Lafferty Ct
  • Address - House Number: 4505
  • Address - Street Name: Lafferty
  • Address - Suffix Type: Ct
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C035
  • 4-Digit Zip Code: 7815
  • Zip Code: 27616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,926

    Appraisal Valuation

  • Standard Deviation: 0.1417
  • Valuation Date: Sep 21, 2022
  • Confidence Score: 83
  • Final Value: 316,839
  • High Value: 361,747
  • Low Value: 271,931

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $157,800
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Aug 16, 2005
  • First Open Lien Mortgage Loan Amount: $133,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2035
  • Second Open Lien Mortgage Lender: COASTAL FEDERAL MORTGAGE GROUP
  • Second Open Lien Mortgage Recording Date: Jul 14, 2015
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $24,400
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $188,203
  • Market Land Value: $56,000
  • Market Improvement Value: $132,203

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $188,203
  • Assessed Land Value: $56,000
  • Assessed Improvements Value: $132,203

    Sales

  • Current Sale Contract Date: Aug 12, 2005
  • Current Sale Recording Date: Aug 16, 2005
  • Current Sale Transaction ID: 1128882700
  • Current Sale Price: $133,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 25, 2004
  • Previous Sale Contract Date: Jun 23, 2004
  • Previous Sale Amount: $135,656
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Aug 16, 2005
  • First Mortgage Loan Amount: $133,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Sep 01, 2035

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Frequently Asked Questions

What neighborhood is 4505 Lafferty Court located in?
The 4505 Lafferty Court is a located in the neighborhood of North Farms in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 4505 Lafferty Court?
The average sales price for units in 4505 Lafferty Court is $0 currently.

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