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5408 Wallace Martin Way

5408 Wallace Martin Way, Raleigh, NC 27616
Property in 5401 North
Sold Dec 31, 2019
$384,500
$285,000 by M I Financial Llc
Mortgage Due Jan 01, 2050
5408 Wallace Martin Way 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 2019 and is 5 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5408 Wallace Martin Way has 2,768 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 4,792 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 420 sqft. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. 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. 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, 5408 Wallace Martin Way sold most recently in Dec 30, 2019 for a total of $384,500. If you work out the math, that's approximately a cost of $138.91 per sqft. 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 $4,052 in taxes each year. 5408 Wallace Martin Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $398,266. If we break it down further, the land itself was valued at $80,000. Improvements to the property, however, were assessed at a total of $318,266. 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.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: 2019
  • Effective Year Built: 2019
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 2,768
  • Building Area: 2,768
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,768
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: 5401 NORTH SUBDIVISION
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO1190 5401 NORTH-LOT 20 BM2017-01505

Ownership

  • Current Owner : LIU KAREN J
  • Current Owner 2: LIN CHARLES XI
  • Previous Owner : M I HOMES OF RALEIGH LLC

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 000054

Zoning

  • Zoning: PD

Geography

  • Account Number: 0448835
  • District: 13
  • Parcel: 1736.02-87-3825 0448835
  • Lot: 20
  • Municipality: NEUSE
  • Latitude: 35.8589
  • Longitude: -78.5332

    Address

  • Full Address: 5408 Wallace Martin Way
  • Address - House Number: 5408
  • Address - Street Name: Wallace Martin
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C009
  • 4-Digit Zip Code: 4321
  • Zip Code: 27616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,052

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 623,924
  • High Value: 701,153
  • Low Value: 546,694

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $285,000
  • First Open Lien Mortgage Lender: M I FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Dec 31, 2019
  • First Open Lien Mortgage Loan Amount: $285,000
  • 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: Jan 01, 2050

    Market Valuation

  • Market Total Value: $398,266
  • Market Land Value: $80,000
  • Market Improvement Value: $318,266

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $398,266
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $318,266

    Sales

  • Current Sale Contract Date: Dec 30, 2019
  • Current Sale Recording Date: Dec 31, 2019
  • Current Sale Transaction ID: 11713929393
  • Current Sale Price: $384,500
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: M I FINANCIAL LLC
  • First Mortgage Transaction Date: Dec 31, 2019
  • First Mortgage Loan Amount: $285,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

About Northeast Raleigh



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Frequently Asked Questions

What neighborhood is 5408 Wallace Martin Way located in?
The 5408 Wallace Martin Way is a located in the neighborhood of 5401 North in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 5408 Wallace Martin Way?
The average sales price for units in 5408 Wallace Martin Way is $0 currently.

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