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532 East Martin Street

532 East Martin Street, Raleigh, NC 27601
Sold Dec 30, 2020
$550,000
$548,250 by Atlantic Bay Mortgage Group Ll
Mortgage Due Jan 01, 2051
Sold Jul 05, 2016
$305,000
$244,000 by Corporate Investors Mortgage G
Mortgage Due Jul 01, 2046
532 East Martin Street in Raleigh, NC was first built in 2001 and is 23 years old. Although, the building on the property was most recently renovated and altered in 2016. 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. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 532 East Martin Street has 1,449 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 5,227 square feet.

Learn more about the property and building on this page. The home has a gable style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. The exterior walls of the home are made of alum/vinyl siding. 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 and being fueled with gas. 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. 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, 532 East Martin Street sold most recently in Dec 29, 2020 for a total of $550,000. If you work out the math, that's approximately a cost of $379.57 per sqft. Before that, the property was also sold for $305,000 in Jul 5, 2016. 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 $3,964 in taxes each year. 532 East Martin Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $389,573. If we break it down further, the land itself was valued at $200,000. Improvements to the property, however, were assessed at a total of $189,573. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2016
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,449
  • Building Area: 1,449
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,449
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: EAST MARTIN ST PROP
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO1 RCMB E MARTIN ST PROP BM2000-500

Ownership

  • Current Owner : MAY DAVID T
  • Current Owner 2: MAY DENISE
  • Previous Owner : KING LOGAN
  • Previous Owner 2: KING JESSICA
  • Owner Before Previous Owner: FERNLUND KEITH
  • Owner Before Previous Owner 2: HAYES FERNLUND ATTIE VIRGINIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050700

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0019332
  • District: 01
  • Parcel: 1703.36-97-4751 0019332
  • Lot: 1
  • Municipality: RALEIGH
  • Latitude: 35.7765
  • Longitude: -78.6311

    Address

  • Full Address: 532 E Martin St
  • Address - House Number: 532
  • Street Direction: E
  • Address - Street Name: Martin
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C015
  • 4-Digit Zip Code: 1958
  • Zip Code: 27601

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,964

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Sep 21, 2022
  • Confidence Score: 84
  • Final Value: 665,415
  • High Value: 756,024
  • Low Value: 574,807

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $548,250
  • First Open Lien Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Open Lien Mortgage Recording Date: Dec 30, 2020
  • First Open Lien Mortgage Loan Amount: $548,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $389,573
  • Market Land Value: $200,000
  • Market Improvement Value: $189,573

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $389,573
  • Assessed Land Value: $200,000
  • Assessed Improvements Value: $189,573

    Sales

  • Current Sale Contract Date: Dec 29, 2020
  • Current Sale Recording Date: Dec 30, 2020
  • Current Sale Transaction ID: 11828972801
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 05, 2016
  • Previous Sale Contract Date: Jul 05, 2016
  • Previous Sale Amount: $305,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Mortgage Transaction Date: Dec 30, 2020
  • First Mortgage Loan Amount: $548,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CORPORATE INVESTORS MORTGAGE G
  • Previous Mortgage Transaction Date: Jul 05, 2016
  • Previous Mortgage Loan Amount: $244,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2046

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Frequently Asked Questions

What neighborhood is 532 East Martin Street located in?
The 532 East Martin Street is a house located in the neighborhood of Central Raleigh in Central Raleigh, Raleigh.
What is the average sales price for listings in 532 East Martin Street?
The average sales price for units in 532 East Martin Street is $575,000 , or $393/sqft. currently.

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