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5205 Riverbed Drive

5205 Riverbed Drive, Raleigh, NC 27610
Sold Jul 29, 2022
$562,500
$322,634,000 by Morgan Stanley Mtg Cap Holding
Mortgage Due Oct 09, 2028
Sold Jan 26, 2007
$205,000
$205,000 by Lehman Brothers Bank Fsb
Mortgage Due Feb 01, 2037
5205 Riverbed Drive has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 2006 and is 18 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5205 Riverbed Drive has 2,788 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,583 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 460 sqft. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 5205 Riverbed Drive sold most recently in Jul 27, 2022 for a total of $562,500. If you work out the math, that's approximately a cost of $201.76 per sqft. Before that, the property was also sold for $205,000 in Jan 25, 2007. 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 $3,006 in taxes each year. 5205 Riverbed Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $273,944. If we break it down further, the land itself was valued at $43,000. Improvements to the property, however, were assessed at a total of $230,944. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 460
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 2,788
  • Building Area: 2,788
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,788
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: EDGEWATER ROGERS FARM
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO119 EDGEWTR @ ROGERS FARMS PH6 BM2003-01615

Ownership

  • Current Owner : ARMM ASSET COMPANY 1 LLC
  • Previous Owner : ARVM 5 LLC
  • Owner Before Previous Owner: M/I HOMES OF RALEIGH LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054118

Zoning

  • Zoning: PD

Geography

  • Account Number: 0313988
  • District: 17
  • Subdivision Phase Number: 6
  • Parcel: 1734.10-46-5208 0313988
  • Lot: 119
  • Municipality: ST MATTHEW'S
  • Latitude: 35.7997
  • Longitude: -78.5464

    Address

  • Full Address: 5205 Riverbed Dr
  • Address - House Number: 5205
  • Address - Street Name: Riverbed
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C027
  • 4-Digit Zip Code: 5353
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,006

    Appraisal Valuation

  • Standard Deviation: 0.1278
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 85
  • Final Value: 491,451
  • High Value: 554,299
  • Low Value: 428,602

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $322,634,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY MTG CAP HOLDING
  • First Open Lien Mortgage Recording Date: Sep 15, 2023
  • First Open Lien Mortgage Loan Amount: $322,634,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 09, 2028

    Market Valuation

  • Market Total Value: $273,944
  • Market Land Value: $43,000
  • Market Improvement Value: $230,944

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $273,944
  • Assessed Land Value: $43,000
  • Assessed Improvements Value: $230,944

    Sales

  • Current Sale Contract Date: Jul 27, 2022
  • Current Sale Recording Date: Jul 29, 2022
  • Current Sale Transaction ID: 11893552774
  • Current Sale Price: $562,500
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Jan 26, 2007
  • Previous Sale Contract Date: Jan 25, 2007
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: LEHMAN BROTHERS BANK FSB
  • Previous Mortgage Transaction Date: Jan 26, 2007
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $205,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 01, 2037

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Frequently Asked Questions

What neighborhood is 5205 Riverbed Drive located in?
The 5205 Riverbed Drive is a located in the neighborhood of Edgewater at Rogers Farm in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 5205 Riverbed Drive?
The average sales price for units in 5205 Riverbed Drive is $0 currently.

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