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582 East Cabarrus Street

582 East Cabarrus Street, Raleigh, NC 27601
Property in Central Raleigh
Sold May 15, 2019
$239,000
$168,600 by North State Bank
Mortgage Due Jun 01, 2049
Sold Feb 11, 2005
$58,000
582 East Cabarrus 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 2019 and is 5 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 582 East Cabarrus Street has 1,456 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 3,920 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. 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 and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 582 East Cabarrus Street was last sold in May 14, 2019 for $239,000. According to our calculations, that's $164.15 per sqft. Prior to that sales transaction, the property was sold for $58,000 in Feb 11, 2005. Current property owners are expected to pay $4,503 in taxes per year. The property on 582 East Cabarrus Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $442,747. To break that down further, the land itself was valued at $175,000. While improvements to the property were assessed at a total of $267,747. 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. 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.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.

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: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,920
  • Total Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,456
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.09
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO5 E. CABARRUS & S. SWAIN ST CTY OF RALEIGH BM2015-01299

Ownership

  • Current Owner : OSBORNE KIMBERLY LAURIN
  • Previous Owner : C B PUGH ENTERPRISES LLC
  • Owner Before Previous Owner: MCGHEE SHARON L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0041748
  • District: 01
  • Parcel: 1713.09-06-0775 0041748
  • Lot: 5
  • Municipality: RALEIGH
  • Latitude: 35.7738
  • Longitude: -78.6289

    Address

  • Full Address: 582 E Cabarrus St
  • Address - House Number: 582
  • Street Direction: E
  • Address - Street Name: Cabarrus
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C018
  • 4-Digit Zip Code: 1963
  • Zip Code: 27601

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,503

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 668,326
  • High Value: 751,051
  • Low Value: 585,600

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $321,700
  • First Open Lien Mortgage Lender: NORTH STATE BANK
  • First Open Lien Mortgage Recording Date: May 15, 2019
  • First Open Lien Mortgage Loan Amount: $168,600
  • 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: Jun 01, 2049
  • Second Open Lien Mortgage Lender: NORTH STATE BANK
  • Second Open Lien Mortgage Recording Date: Jan 20, 2022
  • Second Open Lien Mortgage Loan Amount: $153,100
  • Second Open Lien Mortgage Term: 330
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2049

    Market Valuation

  • Market Total Value: $442,747
  • Market Land Value: $175,000
  • Market Improvement Value: $267,747

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $442,747
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $267,747

    Sales

  • Current Sale Contract Date: May 14, 2019
  • Current Sale Recording Date: May 15, 2019
  • Current Sale Transaction ID: 11609335704
  • Current Sale Price: $239,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Feb 11, 2005
  • Previous Sale Contract Date: Feb 11, 2005
  • Previous Sale Amount: $58,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTH STATE BANK
  • First Mortgage Transaction Date: May 15, 2019
  • First Mortgage Loan Amount: $168,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

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Frequently Asked Questions

What neighborhood is 582 East Cabarrus Street located in?
The 582 East Cabarrus Street is a located in the neighborhood of Central Raleigh in Central Raleigh, Raleigh.
What is the average sales price for listings in 582 East Cabarrus Street?
The average sales price for units in 582 East Cabarrus Street is $0 currently.

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