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654 Democracy Street

654 Democracy Street, Raleigh, NC 27603
Property in Renaissance Park
Sold Jun 20, 2017
$296,000
$147,000 by Residential Mortgage Corp
Mortgage Due Jul 01, 2047
Sold Jan 29, 2010
$115,500
654 Democracy Street in Raleigh, NC was first built in 2007 and is 17 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 654 Democracy Street has 2,452 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 2,614 square feet.

Learn more about the property and building on this page. 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 176 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. 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. 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, 654 Democracy Street sold most recently in Jun 16, 2017 for a total of $296,000. If you work out the math, that's approximately a cost of $120.72 per sqft. Before that, the property was also sold for $115,500 in Jan 27, 2010. 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 $700 in taxes each year. 654 Democracy Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $302,833. If we break it down further, the land itself was valued at $57,000. Improvements to the property, however, were assessed at a total of $245,833. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Townhouse
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 176
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,614
  • Total Building Area: 2,452
  • Building Area: 2,452
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,452
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RENAISSANCE PARK
  • Land Acres: 0.06
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO1189 RENAISSANCE PARK PH2 BM2007-01143

Ownership

  • Current Owner : SPEARS RACHEL M
  • Previous Owner : BABBITT ALEX F
  • Owner Before Previous Owner: BROOKEFIELD STATION DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054501

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: BK 2007 PG 1143
  • Account Number: 0361393
  • District: 18
  • Subdivision Phase Number: 2
  • Parcel: 1702.13-14-7159 0361393
  • Lot: 1189
  • Municipality: SWIFT CREEK
  • Latitude: 35.7393
  • Longitude: -78.6571

    Address

  • Full Address: 654 Democracy St
  • Address - House Number: 654
  • Address - Street Name: Democracy
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C026
  • 4-Digit Zip Code: 3482
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $700

    Appraisal Valuation

  • Standard Deviation: 0.1137
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 88
  • Final Value: 487,434
  • High Value: 542,867
  • Low Value: 432,002

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $147,000
  • First Open Lien Mortgage Lender: RESIDENTIAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 20, 2017
  • First Open Lien Mortgage Loan Amount: $147,000
  • 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: Jul 01, 2047

    Market Valuation

  • Market Total Value: $302,833
  • Market Land Value: $57,000
  • Market Improvement Value: $245,833

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $302,833
  • Assessed Land Value: $57,000
  • Assessed Improvements Value: $245,833

    Sales

  • Current Sale Contract Date: Jun 16, 2017
  • Current Sale Recording Date: Jun 20, 2017
  • Current Sale Transaction ID: 1589451332
  • Current Sale Price: $296,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 29, 2010
  • Previous Sale Contract Date: Jan 27, 2010
  • Previous Sale Amount: $115,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RESIDENTIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Jun 20, 2017
  • First Mortgage Loan Amount: $147,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2047

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Frequently Asked Questions

What neighborhood is 654 Democracy Street located in?
The 654 Democracy Street is a located in the neighborhood of Renaissance Park in Southwest Raleigh, Raleigh.
What is the average sales price for listings in 654 Democracy Street?
The average sales price for units in 654 Democracy Street is $0 currently.

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