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6408 Lakeway Drive

6408 Lakeway Drive, Raleigh, NC 27612
Property in Lakepark
Sold Apr 23, 2021
$335,000
$268,000 by Movement Mortgage
Mortgage Due May 01, 2036
Sold Sep 17, 1982
$81,000
Local assessors in Raleigh, NC have categorized 6408 Lakeway Drive as a residential type of property. The home was built in 1981 and is 43 years old. The property's lot size has been calculated to be 12,632 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 6408 Lakeway Drive has a total of 1,562 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 260 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 6408 Lakeway Drive sold most recently in Apr 20, 2021 for a total of $335,000. If you work out the math, that's approximately a cost of $214.47 per sqft. Before that, the property was also sold for $81,000 in Sep 17, 1982. 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 $2,806 in taxes each year. 6408 Lakeway Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $275,136. If we break it down further, the land itself was valued at $110,000. Improvements to the property, however, were assessed at a total of $165,136. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 260
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,562
  • Building Area: 1,562
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,562
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LAKEPARK SUB
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO151 LAKEPARK SUB PH3 SE3 BM1980-218

Ownership

  • Current Owner : CADY DANIEL FAIRBANKS
  • Current Owner 2: CADY DANIELLE CORINNE
  • Previous Owner : DOVER DEBORAH L
  • Previous Owner 2: ESTATE OF JAMES ANDREWS MEYER
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053715

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0114008
  • District: 07
  • Section: 3
  • Subdivision Phase Number: 3
  • Parcel: 1706.05-09-4948 0114008
  • Lot: 151
  • Municipality: HOUSE CREEK
  • Latitude: 35.8652
  • Longitude: -78.6609

    Address

  • Full Address: 6408 Lakeway Dr
  • Address - House Number: 6408
  • Address - Street Name: Lakeway
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C005
  • 4-Digit Zip Code: 6529
  • Zip Code: 27612

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,806

    Appraisal Valuation

  • Standard Deviation: 0.1306
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 449,592
  • High Value: 508,340
  • Low Value: 390,843

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $268,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 23, 2021
  • First Open Lien Mortgage Loan Amount: $268,000
  • 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: May 01, 2036

    Market Valuation

  • Market Total Value: $275,136
  • Market Land Value: $110,000
  • Market Improvement Value: $165,136

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $275,136
  • Assessed Land Value: $110,000
  • Assessed Improvements Value: $165,136

    Sales

  • Current Sale Contract Date: Apr 20, 2021
  • Current Sale Recording Date: Apr 23, 2021
  • Current Sale Transaction ID: 11840910061
  • Current Sale Price: $335,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 17, 1982
  • Previous Sale Contract Date: Sep 17, 1982
  • Previous Sale Amount: $81,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Apr 23, 2021
  • First Mortgage Loan Amount: $268,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2036

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Frequently Asked Questions

What neighborhood is 6408 Lakeway Drive located in?
The 6408 Lakeway Drive is a located in the neighborhood of Lakepark in North Raleigh, Raleigh.
What is the average sales price for listings in 6408 Lakeway Drive?
The average sales price for units in 6408 Lakeway Drive is $0 currently.

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