508 South Swain Street

Local assessors in Raleigh, NC have categorized 508 South Swain Street as a residential type of property. The home was built in 1920 and is 104 years old. It was most recently renovated and altered in 2015. The property's lot size has been calculated to be 5,663 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 is one full bathroom. 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 508 South Swain Street has a total of 1,092 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 fair. The building has a gable style roof. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. 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, 508 South Swain Street sold most recently in Jun 8, 2022 for a total of $475,000. If you work out the math, that's approximately a cost of $434.98 per sqft. Before that, the property was also sold for $245,000 in Aug 25, 2015. 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 $4,204 in taxes each year. 508 South Swain Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $383,851. If we break it down further, the land itself was valued at $175,000. Improvements to the property, however, were assessed at a total of $208,851. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!