Check Availability

550 East Martin Street

550 East Martin Street, Raleigh, NC 27601
Property in Central Raleigh
Sold Apr 19, 2002
$120,000
$200,000 by Navy Fcu
Mortgage Due Jul 01, 2035
Sold Jun 30, 1998
$61,500
550 East Martin Street 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 2002 and is 22 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 550 East Martin Street has 1,113 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 9,148 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. Moving on to the building itself. The condition of the building has been evaluated as fair. 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 building has a gable style roof. 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Apr 6, 2002 for $120,000. That's $107.82 per sqft. Prior to that sales transaction, the property was also sold in Jun 30, 1998 for $61,500. 550 East Martin Street was last assessed in 2022. The total value of the property was assessed at $352,250. Specifically, the land the property is located on was valued at $220,000. While improvements on the property were assessed at a total of $132,250. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,587. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • 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
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,113
  • Building Area: 1,113
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,113
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: EAST MARTIN ST
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO5 RCMB E MARTIN ST PROP BM2000-00500

Ownership

  • Current Owner : OAKS WILLIAM B
  • Current Owner 2: PALMQUIST IAN T
  • Previous Owner : R D CONSTRUCTION INC
  • Owner Before Previous Owner: ESTATE OF CHARLES G IRVING SR
  • Owner Before Previous Owner 2: FRANCIS FLORENCE I
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0034726
  • District: 01
  • Parcel: 1703.36-97-6635 0034726
  • Lot: 5
  • Municipality: RALEIGH
  • Latitude: 35.7765
  • Longitude: -78.6305

    Address

  • Full Address: 550 E Martin St
  • Address - House Number: 550
  • 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: $3,587

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 547,843
  • High Value: 615,655
  • Low Value: 480,031

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: NAVY FCU
  • First Open Lien Mortgage Recording Date: Jun 29, 2020
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2035

    Market Valuation

  • Market Total Value: $352,250
  • Market Land Value: $220,000
  • Market Improvement Value: $132,250

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $352,250
  • Assessed Land Value: $220,000
  • Assessed Improvements Value: $132,250

    Sales

  • Current Sale Contract Date: Apr 06, 2002
  • Current Sale Recording Date: Apr 19, 2002
  • Current Sale Transaction ID: 1133672781
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 30, 1998
  • Previous Sale Contract Date: Jun 30, 1998
  • Previous Sale Amount: $61,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CITIZENS BANK & TRUST CO
  • First Mortgage Transaction Date: Apr 19, 2002
  • First Mortgage Loan Amount: $106,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: May 01, 2032

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Central Raleigh



Similar Buildings

Property at 550 East Martin Street,

211 Woodsborough Place

  • 1 Unit for Sale
211 Woodsborough Place, Raleigh, NC 27601
Property at 550 East Martin Street,

209 Woodsborough Place

  • 1 Unit for Sale
209 Woodsborough Place, Raleigh, NC 27601
Property at 550 East Martin Street,

424 Alston Street

  • 1 Unit for Sale
  • 1 Story
424 Alston Street, Raleigh, NC 27601
Property at 550 East Martin Street,

58 South Swain Street

  • 1 Unit for Sale
58 South Swain Street, Raleigh, NC 27601
Property at 550 East Martin Street,

511 South Bloodworth Street

  • 4 Units for Sale
  • 1 Story
511 South Bloodworth Street, Raleigh, NC 27601
Property at 550 East Martin Street,

521 New Bern Avenue

  • 1 Unit for Sale
  • 2 Stories
521 New Bern Avenue, Raleigh, NC 27601
Property at 550 East Martin Street,

101 North Bloodworth Street

  • 1 Unit for Sale
  • 2 Stories
101 North Bloodworth Street, Raleigh, NC 27601

Nearby Rentals

Unit for rent at 400 W North Street, Raleigh, NC, 27603

$2,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,214 ft²
400 W North Street #718, Raleigh, NC, 27603 Listing by Ann-Cabell Baum
Unit for rent at 804 Vardaman Street, Raleigh, NC, 27610

$2,375 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
804 Vardaman Street #B, Raleigh, NC, 27610 Listing by Kevin Hagen
Unit for rent at 301 Fayetteville Street, Raleigh, NC, 27601

$2,395 /mo

  • 1 Bed
  • 1 Bath
  • 900 ft²
301 Fayetteville Street #2702, Raleigh, NC, 27601 Listing by Julie Chung
Unit for rent at 707 Holden Street, Raleigh, NC, 27604

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,263 ft²
707 Holden Street, Raleigh, NC, 27604 Listing by Ann-Cabell Baum
Unit for rent at 222 Glenwood Avenue, Raleigh, NC, 27603

$2,550 /mo

  • 2 Beds
  • 2 Baths
  • 1,240 ft²
222 Glenwood Avenue #308, Raleigh, NC, 27603 Listing by CJ Tabor
Unit for rent at 319 Fayetteville Street, Raleigh, NC, 27601

$2,295 /mo

  • 1 Bed
  • 1.5 Baths
  • 1,329 ft²
319 Fayetteville Street #509, Raleigh, NC, 27601 Listing by Megan Wheeler
Unit for rent at 213 N Boylan Avenue, Raleigh, NC, 27603

$2,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,270 ft²
213 N Boylan Avenue #A, Raleigh, NC, 27603 Listing by Ann-Cabell Baum

Frequently Asked Questions

What neighborhood is 550 East Martin Street located in?
The 550 East Martin Street is a located in the neighborhood of Central Raleigh in Central Raleigh, Raleigh.
What is the average sales price for listings in 550 East Martin Street?
The average sales price for units in 550 East Martin Street is $0 currently.

Quantcast