See Home Value
$1,738,887*
House - Off Market

501 Lake Boone Trail

Raleigh, NC 27608
bedrooms
4 Beds
bathrooms
5 Baths
square feet
4634 Sqft
$1,035,000 - $1,263,000
Reference Base Price*
51.27%
Since Sep 1, 2018
National-US
Primary Model
Sold Nov 09, 2018
$1,085,000
$940,000 by Third Fsla Of Cleveland
Mortgage Due Mar 01, 2050

About This Property

Beautiful French Provincial home sits perfectly on impeccably maintained lot. A true entertainer's home that boast a grand foyer, gourmet kitchen open to family room w/ vaulted ceiling.  Butler's pantry and a caterer's kitchen, theater room and speakers throughout. Master has 2 walk in closets, unfinished 3rd floor, plantation shutters. Relax on the covered porch overlooking private wooded lot. AHS warranty provided by seller.

The manager has listed the unit size as 4634 square feet.
Unit Size
4,634Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$248
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1994

Price History

Date / Event Date Event Price
Aug 21, 2018 No longer available -
No longer available
Jul 16, 2018 Listed $1,149,500
Listed

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Construction Type: Concrete block
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 740
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 4,027
  • Building Area: 4,027
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,027
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LAKE BOONE PLACE
  • Land Acres: 0.4
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO4 HOLLINGSWORTH & WHITE INC BM1991-864

Ownership

  • Current Owner : PITT JOHN
  • Current Owner 2: PITT ELIZABETH
  • Previous Owner : HARRIS W TOM
  • Previous Owner 2: HARRIS MOLLY B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051501

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0145163
  • District: 01
  • Parcel: 0795.20-82-8032 0145163
  • Lot: 4
  • Municipality: RALEIGH
  • Latitude: 35.8157
  • Longitude: -78.6666

    Address

  • Full Address: 501 Lake Boone Trl
  • Address - House Number: 501
  • Address - Street Name: Lake Boone
  • Address - Suffix Type: Trl
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C015
  • 4-Digit Zip Code: 1027
  • Zip Code: 27608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,210

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 1,492,303
  • High Value: 1,677,020
  • Low Value: 1,307,585

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,140,000
  • First Open Lien Mortgage Lender: THIRD FSLA OF CLEVELAND
  • First Open Lien Mortgage Recording Date: Feb 27, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $940,000
  • 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: Mar 01, 2050
  • Second Open Lien Mortgage Lender: UNISON AGREEMENT CORP
  • Second Open Lien Mortgage Recording Date: May 20, 2022
  • Second Open Lien Mortgage Loan Amount: $200,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $1,006,444
  • Market Land Value: $382,500
  • Market Improvement Value: $623,944

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,006,444
  • Assessed Land Value: $382,500
  • Assessed Improvements Value: $623,944

    Sales

  • Current Sale Contract Date: Sep 12, 2018
  • Current Sale Recording Date: Nov 09, 2018
  • Current Sale Transaction ID: 11531759254
  • Current Sale Price: $1,085,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PINNACLE BANK
  • First Mortgage Transaction Date: Nov 09, 2018
  • First Mortgage Loan Amount: $922,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Dec 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
-
$1,000,000 May 10, 2023
-
-
Townhouse
3 Beds
3.5 Baths
2,549 ft²
$490/ft²
$1,249,000 May 17, 2023
-
$844/mo
Other
Loft
2.5 Baths
2,917 ft²
$326/ft²
$950,000 May 17, 2023
-
$640/mo
Multifamily
Stu
-
-
$925,000 Apr 27, 2023
-
-
Multifamily
Stu
-
-
$925,000 Apr 27, 2023
-
-

About North Hills


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Nearby Rentals

Unit for rent at

$1,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,146 ft²
Listing by Ann-Cabell Baum
Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
  • 660 ft²
Listing by Manager
Unit for rent at

$1,795 /mo

  • 3 Beds
  • 2 Baths
  • 1,400 ft²
Listing by Manager


Frequently Asked Questions

When was property at 501 Lake Boone Trail built and last sold?
The property at 501 Lake Boone Trail was built in 1994 and last sold on Sep 12, 2018 for $1,085,000.
How much is this home worth?
The estimated value of the home located at 501 Lake Boone Trail is $1,206,906.
What are some comparable homes to 501 Lake Boone Trail?
There are currently no comparable homes to 501 Lake Boone Trail.

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