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5124 Avalaire Oaks Drive

5124 Avalaire Oaks Drive, Raleigh, NC 27614
Property in Wake
1 Units For Sale
Unit for sale at 5124 Avalaire Oaks Drive, Raleigh, NC 27614

$3,100,000

  • Loft
  • 8 Baths
  • 6,809 ft²
5124 Avalaire Oaks Drive, Raleigh, NC 27614 Listing by Leslie Young

5124 Avalaire Oaks Drive has been categorized by the local assessors in Raleigh, NC as a vacant type of property. The area measurement of the land has been determined as 42,253 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 5124 Avalaire Oaks Drive sold most recently in Nov 9, 2021 for a total of $460,000. Before that, the property was also sold for $410,000 in Jul 21, 2020. 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 $2,924 in taxes each year. 5124 Avalaire Oaks Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $375,000. If we break it down further, the land itself was valued at $375,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.

Building Features

Condition

New Construction
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230116
01/16/2023
Loft
7 Bath
7004 ft²
$3,000,000
bedrooms
Loft
bathrooms
7 Bath
square feet
7004 ft²
-
-
-
Leslie Young
Howard Perry & Walston Realtor

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 42,253
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: AVALAIRE
  • Land Acres: 0.97
  • Standard Land Use Code: Vacant land (general)
  • Legal Description 1: LO24 AVALAIRE PH1 BM2016-01988

Ownership

  • Current Owner : HOMESTEAD BUILDING COMPANY
  • Previous Owner : L & K PROPERTIES OF NC LLC
  • Owner Before Previous Owner: YOUNG HOMES INC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053808

Zoning

  • Zoning: R-80W

Geography

  • Assessors Map Reference: BK 2016 PG 1988
  • Account Number: 0441797
  • District: 02
  • Subdivision Phase Number: 1
  • Parcel: 1718.01-09-7278 0441797
  • Lot: 24
  • Municipality: BARTON'S CREEK
  • Latitude: 35.9183
  • Longitude: -78.6256

    Address

  • Full Address: 5124 Avalaire Oaks Dr
  • Address - House Number: 5124
  • Address - Street Name: Avalaire Oaks
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R057
  • 4-Digit Zip Code: 6000
  • Zip Code: 27614

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,924

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $600,000
  • First Open Lien Mortgage Lender: NORTH STATE BANK
  • First Open Lien Mortgage Recording Date: Dec 06, 2023
  • First Open Lien Mortgage Loan Amount: $600,000
  • First Open Lien Mortgage Term: 12
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 05, 2024

    Market Valuation

  • Market Total Value: $375,000
  • Market Land Value: $375,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,000
  • Assessed Land Value: $375,000

    Sales

  • Current Sale Contract Date: Nov 09, 2021
  • Current Sale Recording Date: Nov 24, 2021
  • Current Sale Transaction ID: 11870164431
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 22, 2020
  • Previous Sale Contract Date: Jul 21, 2020
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTH STATE BANK
  • First Mortgage Transaction Date: Nov 24, 2021
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Nov 25, 2022

    Financing

  • First Mortgage Financing Type: Variable

About Wake



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Nearby Rentals

Unit for rent at 1329 Deerhurst Drive, Raleigh, NC, 27614

$2,995 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,825 ft²
1329 Deerhurst Drive, Raleigh, NC, 27614 Listing by Spencer Southern

Frequently Asked Questions

What neighborhood is 5124 Avalaire Oaks Drive located in?
The 5124 Avalaire Oaks Drive is a located in the neighborhood of Wake in Wake, Raleigh.
How many listings are currently for sale in 5124 Avalaire Oaks Drive?
There is a listing currently on the market for sale.
What is the average sales price for listings in 5124 Avalaire Oaks Drive?
The average sales price for units in 5124 Avalaire Oaks Drive is $3,100,000 , or $455/sqft. currently.

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