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5111 Olivias Lane

5111 Olivias Lane, Raleigh, NC 27606
Property in Silver Lake
Sold Apr 01, 2009
$310,000
$300,162 by M-i Financial Corp
Mortgage Due Apr 01, 2039
5111 Olivias Lane in Raleigh, NC was first built in 2008 and is 16 years old. 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. 5111 Olivias Lane has 3,135 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 6,534 square feet.

Learn more about the property and building on this page. 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 427 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. 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 Mar 31, 2009 for $310,000. That's $98.88 per sqft. 5111 Olivias Lane was last assessed in 2022. The total value of the property was assessed at $404,995. Specifically, the land the property is located on was valued at $70,000. While improvements on the property were assessed at a total of $334,995. 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 $4,121. 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: 2008
  • Effective Year Built: 2008
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 427
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 3,135
  • Building Area: 3,135
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,135
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SILVER LAKE
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO53 SILVER LAKE PH1 BM2008-00659

Ownership

  • Current Owner : IBRAHIM AKRAM MAHMOUD
  • Current Owner 2: IBRAHIM FATEMAH
  • Previous Owner : M/I HOMES OF RALEIGH LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053008

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: BK 2008 PG 659
  • Account Number: 0371691
  • District: 18
  • Subdivision Phase Number: 1
  • Parcel: 0782.05-18-4130 0371691
  • Lot: 53
  • Municipality: SWIFT CREEK
  • Latitude: 35.7503
  • Longitude: -78.7255

    Address

  • Full Address: 5111 Olivias Ln
  • Address - House Number: 5111
  • Address - Street Name: Olivias
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C030
  • 4-Digit Zip Code: 4084
  • Zip Code: 27606

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,121

    Appraisal Valuation

  • Standard Deviation: 0.1312
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 664,439
  • High Value: 751,635
  • Low Value: 577,244

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $302,189
  • First Open Lien Mortgage Lender: M-I FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Apr 01, 2009
  • First Open Lien Mortgage Loan Amount: $300,162
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2039
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Feb 18, 2022
  • Second Open Lien Mortgage Loan Amount: $2,027
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $404,995
  • Market Land Value: $70,000
  • Market Improvement Value: $334,995

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $404,995
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $334,995

    Sales

  • Current Sale Contract Date: Mar 31, 2009
  • Current Sale Recording Date: Apr 01, 2009
  • Current Sale Transaction ID: 1132801510
  • Current Sale Price: $310,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: M-I FINANCIAL CORP
  • First Mortgage Transaction Date: Apr 01, 2009
  • First Mortgage Loan Amount: $300,162
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2039

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Frequently Asked Questions

What neighborhood is 5111 Olivias Lane located in?
The 5111 Olivias Lane is a located in the neighborhood of Silver Lake in Southwest Raleigh, Raleigh.
What is the average sales price for listings in 5111 Olivias Lane?
The average sales price for units in 5111 Olivias Lane is $0 currently.

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