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509 Lake Boone Trail

509 Lake Boone Trail, Raleigh, NC 27608
Sold Nov 17, 2017
$1,330,000
$730,000 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2047
Sold Feb 24, 1998
Transfer
$765,000 by Branch Banking & Trust Company
Mortgage
509 Lake Boone Trail in Raleigh, NC was first built in 1987 and is 37 years old. Although, the building on the property was most recently renovated and altered in 2010. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 509 Lake Boone Trail has 6,325 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 23,958 square feet.

Learn more about the property and building on this page. The home has a gable style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 624 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 17, 2017 for $1,330,000. That's $210.28 per sqft. 509 Lake Boone Trail was last assessed in 2022. The total value of the property was assessed at $1,316,342. Specifically, the land the property is located on was valued at $420,750. While improvements on the property were assessed at a total of $895,592. 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 $13,348. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1987
  • Effective Year Built: 2010
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 624
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 23,958
  • Total Building Area: 6,325
  • Building Area: 6,325
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,325
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.55
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO2 LAKE BOONE PLACE BM1985-30

Ownership

  • Current Owner : BURDETT SUZANNE
  • Current Owner 2: BURDETT DANIEL
  • Previous Owner : BOLICK STEPHEN
  • Previous Owner 2: BOLICK SUSAN
  • Owner Before Previous Owner: BOLICK STEPHEN
  • Owner Before Previous Owner 2: BOLICK SUSAN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator

Neighborhood

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

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0145161
  • District: 01
  • Subdivision Tract Number: 1
  • Parcel: 0795.20-81-6952 0145161
  • Lot: 2
  • Municipality: RALEIGH
  • Latitude: 35.8156
  • Longitude: -78.6672

    Address

  • Full Address: 509 Lake Boone Trl
  • Address - House Number: 509
  • 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: $13,348

    Appraisal Valuation

  • Standard Deviation: 0.1417
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 71
  • Final Value: 1,441,405
  • High Value: 1,645,733
  • Low Value: 1,237,076

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $730,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Nov 17, 2017
  • First Open Lien Mortgage Loan Amount: $730,000
  • 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: Dec 01, 2047

    Market Valuation

  • Market Total Value: $1,316,342
  • Market Land Value: $420,750
  • Market Improvement Value: $895,592

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,316,342
  • Assessed Land Value: $420,750
  • Assessed Improvements Value: $895,592

    Sales

  • Current Sale Contract Date: Nov 17, 2017
  • Current Sale Recording Date: Nov 17, 2017
  • Current Sale Transaction ID: 11325474580
  • Current Sale Price: $1,330,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Feb 24, 1998
  • Previous Sale Contract Date: Feb 01, 1998
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Nov 17, 2017
  • First Mortgage Loan Amount: $730,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING & TRUST COMPANY
  • Previous Mortgage Transaction Date: Feb 24, 1998
  • Previous Mortgage Loan Amount: $765,000

About University



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Frequently Asked Questions

What neighborhood is 509 Lake Boone Trail located in?
The 509 Lake Boone Trail is a house located in the neighborhood of Lake Boone Place in University, Raleigh.
What is the average sales price for listings in 509 Lake Boone Trail?
The average sales price for units in 509 Lake Boone Trail is $1,550,000 , or $245/sqft. currently.

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