See Home Value
$999,908*
House - Off Market

516 E Lane Street

Raleigh, NC 27601
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2556 Sqft
$657,000 - $803,000
Reference Base Price*
36.97%
Since Sep 1, 2020
National-US
Primary Model
Sold Sep 03, 2020
$720,000
$503,900 by Corporate Investors Mortgage G
Mortgage Due Sep 01, 2050
Sold Jun 12, 2008
$217,500
$351,567 by Harrington Bank Fsb
Mortgage Due Jun 12, 2009

About This Property

This beautiful home in Historic Oakwood has a completely renovated and modernized interior with a 1st-floor master suite, wide entry hall, high ceilings, heart pine floors, rare off-street parking, and a large updated kitchen with granite countertops, plentiful cabinets and a fireplace! The 2nd floor flex space is ideal for WFH, home school or family entertainment. With fresh interior and exterior paint, new shingled roof, fresh sod, it's move-in ready and offers urban, historic living in modern comfort.

The manager has listed the unit size as 2556 square feet.
Unit Size
2,556Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$286
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1910

Price History

Date / Event Date Event Price
Sep 3, 2020 Sold to Benjamin L Riedlinger, Sara... $720,000
Sold to Benjamin L Riedlinger, Sara...
Aug 4, 2020 No longer available -
No longer available
Aug 2, 2020 Price Decreased $730,000
↓ $10K (1.4%)
Price Decreased
Jul 6, 2020 Listed $740,000
Listed

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2009
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 2,496
  • Building Area: 2,496
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,496
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ANNIE B BARBOUR SURV
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO81 ANNIE B BARBOUR BM2008-01171

Ownership

  • Current Owner : RIEDLINGER SARAH LEE
  • Current Owner 2: RIEDLINGER BENJAMIN L
  • Previous Owner : CHO MICHAEL
  • Previous Owner 2: CHO KRISTEN LEIGH
  • Owner Before Previous Owner: BARBOUR ANNIE B
  • Owner Before Previous Owner 2: BARBOUR WILLIAM R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050600

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0024160
  • District: 01
  • Parcel: 1704.20-90-3283 0024160
  • Lot: 81
  • Municipality: RALEIGH
  • Latitude: 35.7834
  • Longitude: -78.6312

    Address

  • Full Address: 516 E Lane St
  • Address - House Number: 516
  • Street Direction: E
  • Address - Street Name: Lane
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C007
  • 4-Digit Zip Code: 1144
  • Zip Code: 27601

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,955

    Appraisal Valuation

  • Standard Deviation: 0.0687
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 96
  • Final Value: 738,079
  • High Value: 788,789
  • Low Value: 687,370

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $576,000
  • First Open Lien Mortgage Lender: CORPORATE INVESTORS MORTGAGE G
  • First Open Lien Mortgage Recording Date: Sep 03, 2020
  • First Open Lien Mortgage Loan Amount: $503,900
  • 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: Sep 01, 2050
  • Second Open Lien Mortgage Lender: FIRST CITIZENS BANK & TRUST CO
  • Second Open Lien Mortgage Recording Date: Oct 02, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $72,100
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $586,164
  • Market Land Value: $270,000
  • Market Improvement Value: $316,164

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $586,164
  • Assessed Land Value: $270,000
  • Assessed Improvements Value: $316,164

    Sales

  • Current Sale Contract Date: Sep 03, 2020
  • Current Sale Recording Date: Sep 03, 2020
  • Current Sale Transaction ID: 11798992436
  • Current Sale Price: $720,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 12, 2008
  • Previous Sale Contract Date: Jun 12, 2008
  • Previous Sale Amount: $217,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORPORATE INVESTORS MORTGAGE G
  • First Mortgage Transaction Date: Sep 03, 2020
  • First Mortgage Loan Amount: $503,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: HARRINGTON BANK FSB
  • Previous Mortgage Transaction Date: Jun 12, 2008
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $351,567
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Jun 12, 2009



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
3 Beds
2.5 Baths
1,987 ft²
$327/ft²
$650,000 Nov 2, 2022
-
-
Condo
3 Beds
2 Baths
1,891 ft²
$423/ft²
$800,000 Jun 15, 2023
-
$568/mo
Condo
4 Beds
3.5 Baths
2,551 ft²
$333/ft²
$849,000 May 17, 2023
-
$211/mo
Other
Loft
3 Baths
2,000 ft²
$325/ft²
$649,900 Jan 12, 2023
-
$1,550/mo
Other
Loft
2.5 Baths
1,497 ft²
$401/ft²
$600,000 Jun 13, 2023
-
$346/mo
Other
Loft
2 Baths
1,441 ft²
$486/ft²
$699,990 Apr 11, 2023
-
$264/mo
Other
Loft
2 Baths
1,434 ft²
$443/ft²
$635,000 Apr 4, 2023
-
$167/mo
Multifamily
Stu
-
-
$700,000 May 10, 2023
-
$456/mo

About Central Raleigh


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Frequently Asked Questions

When was property at 516 East Lane Street built and last sold?
The property at 516 East Lane Street was built in 1910 and last sold on Sep 3, 2020 for $720,000.
How much is this home worth?
The estimated value of the home located at 516 East Lane Street is $751,302.
What are some comparable homes to 516 East Lane Street?
There are currently no comparable homes to 516 East Lane Street.

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