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5308 Falls Of Neuse Road

5308 Falls Of Neuse Road, Raleigh, NC 27609
Sold Feb 18, 2022
$375,000
$300,000 by Federal Savings Bank
Mortgage Due Mar 01, 2052
Sold Jun 08, 2020
$250,000
$250,000 by Mortgage Research Center Llc
Mortgage Due Jul 01, 2050
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Local assessors in Raleigh, NC have categorized 5308 Falls Of Neuse Road as a residential type of property. The home was built in 1968 and is 56 years old. The property's lot size has been calculated to be 20,038 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5308 Falls Of Neuse Road has a total of 1,400 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 480 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5308 Falls Of Neuse Road was last sold in Feb 18, 2022 for $375,000. According to our calculations, that's $267.86 per sqft. Prior to that sales transaction, the property was sold for $250,000 in Jun 4, 2020. Current property owners are expected to pay $2,525 in taxes per year. The property on 5308 Falls Of Neuse Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $247,412. To break that down further, the land itself was valued at $110,000. While improvements to the property were assessed at a total of $137,412. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 480
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GR PT MILLBROOK EST
  • Land Acres: 0.46
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO10 GR PT MILLBROOK EST

Ownership

  • Current Owner : COMINATO GIANFRANCO
  • Current Owner 2: RAMOS ANA
  • Previous Owner : BOSCOE CATHY J
  • Owner Before Previous Owner: POOLE CAROLE E
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054004

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0014365
  • District: 13
  • Parcel: 1716.10-46-1280 0014365
  • Lot: 10
  • Municipality: NEUSE
  • Latitude: 35.8546
  • Longitude: -78.6148

    Address

  • Full Address: 5308 Falls Of Neuse Rd
  • Address - House Number: 5308
  • Address - Street Name: Falls Of Neuse
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C050
  • 4-Digit Zip Code: 4756
  • Zip Code: 27609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,525

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 434,709
  • High Value: 488,517
  • Low Value: 380,901

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Feb 18, 2022
  • First Open Lien Mortgage Loan Amount: $300,000
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $247,412
  • Market Land Value: $110,000
  • Market Improvement Value: $137,412

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $247,412
  • Assessed Land Value: $110,000
  • Assessed Improvements Value: $137,412

    Sales

  • Current Sale Contract Date: Feb 18, 2022
  • Current Sale Recording Date: Feb 18, 2022
  • Current Sale Transaction ID: 11880099638
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 08, 2020
  • Previous Sale Contract Date: Jun 04, 2020
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Feb 18, 2022
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • Previous Mortgage Transaction Date: Jun 08, 2020
  • Previous Mortgage Loan Amount: $250,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jul 01, 2050

About North Raleigh



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Frequently Asked Questions

What neighborhood is 5308 Falls Of Neuse Road located in?
The 5308 Falls Of Neuse Road is a house located in the neighborhood of Millbrook Estates in North Raleigh, Raleigh.
What is the average sales price for listings in 5308 Falls Of Neuse Road?
The average sales price for units in 5308 Falls Of Neuse Road is $250,000 , or $174/sqft. currently.

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