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5409 Farley Drive

5409 Farley Drive, Raleigh, NC 27609
House in Scarsdale
Sold Aug 31, 2018
$295,000
$293,200 by State Employees Cu
Mortgage Due Dec 01, 2050
Sold Oct 15, 1998
$126,000
$113,400 by Principal Residential Mtg Inc
Mortgage Due Nov 01, 2028
5409 Farley Drive in Raleigh, NC was first built in 1969 and is 55 years old. Although, the building on the property was most recently renovated and altered in 1979. 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. 5409 Farley Drive has 1,600 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 14,810 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. For those who need parking, there is a garage. The garage is 375 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. 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, 5409 Farley Drive sold most recently in Aug 31, 2018 for a total of $295,000. If you work out the math, that's approximately a cost of $184.38 per sqft. Before that, the property was also sold for $126,000 in Oct 15, 1998. 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 $3,458 in taxes each year. 5409 Farley Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $339,588. If we break it down further, the land itself was valued at $225,000. Improvements to the property, however, were assessed at a total of $114,588. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1969
  • Effective Year Built: 1979
  • Total Rooms: 3
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • 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
  • Garage Type: Garage
  • Garage Square Area: 375
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,600
  • Building Area: 1,600
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,600
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SCARSDALE SUB
  • Land Acres: 0.34
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO28 SCARSDALE SUB BLE

Ownership

  • Current Owner : PERINA CHARLES
  • Current Owner 2: PERINA TRACY
  • Previous Owner : JASTER JOHN H
  • Previous Owner 2: JASTER SHERRI D
  • Owner Before Previous Owner: GREENE JAMES D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052602

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0050778
  • District: 01
  • Parcel: 1706.12-75-6820 0050778
  • Lot: 28
  • Municipality: RALEIGH
  • Latitude: 35.8536
  • Longitude: -78.6368

    Address

  • Full Address: 5409 Farley Dr
  • Address - House Number: 5409
  • Address - Street Name: Farley
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C021
  • 4-Digit Zip Code: 4413
  • Zip Code: 27609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,458

    Appraisal Valuation

  • Standard Deviation: 0.1322
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 520,249
  • High Value: 589,072
  • Low Value: 451,425

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $341,100
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Nov 24, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $293,200
  • 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: Dec 01, 2050
  • Second Open Lien Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Mar 16, 2022
  • Second Open Lien Mortgage Loan Amount: $47,900
  • 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: $339,588
  • Market Land Value: $225,000
  • Market Improvement Value: $114,588

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $339,588
  • Assessed Land Value: $225,000
  • Assessed Improvements Value: $114,588

    Sales

  • Current Sale Contract Date: Aug 31, 2018
  • Current Sale Recording Date: Aug 31, 2018
  • Current Sale Transaction ID: 11503034754
  • Current Sale Price: $295,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 15, 1998
  • Previous Sale Contract Date: Oct 15, 1998
  • Previous Sale Amount: $126,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Aug 31, 2018
  • First Mortgage Loan Amount: $295,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Sep 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PRINCIPAL RESIDENTIAL MTG INC
  • Previous Mortgage Transaction Date: Oct 15, 1998
  • Previous Mortgage Loan Amount: $113,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2028

About North Raleigh



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Listing by Manager

Frequently Asked Questions

What neighborhood is 5409 Farley Drive located in?
The 5409 Farley Drive is a house located in the neighborhood of Scarsdale in North Raleigh, Raleigh.
What is the average sales price for listings in 5409 Farley Drive?
The average sales price for units in 5409 Farley Drive is $0 currently.

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