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6559 New Market Way

6559 New Market Way, Raleigh, NC 27615
Townhouse in North Raleigh
Sold May 27, 2020
$165,000
$156,750 by Quicken Loans Inc
Mortgage Due Jun 01, 2050
Sold May 16, 2017
$121,000
$117,370 by Quicken Loans Inc
Mortgage Due Jun 01, 2047
Local assessors in Raleigh, NC have categorized 6559 New Market Way as a residential type of property. The home was built in 1969 and is 55 years old. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. 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 6559 New Market Way has a total of 1,120 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. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 brick control joints. The building has a gable style roof. Lots of brick were used in the construction of the exterior walls of the home. 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, 6559 New Market Way sold most recently in May 27, 2020 for a total of $165,000. If you work out the math, that's approximately a cost of $147.32 per sqft. Before that, the property was also sold for $121,000 in May 15, 2017. 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 $1,235 in taxes each year. 6559 New Market Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $120,040. Improvements to the property, however, were assessed at a total of $120,040. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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

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

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Brick
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Business/Commerical Units Count: 23
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,120
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: NORTH RIDGE CONDOMINIUMS UN6559

Ownership

  • Current Owner : HOLLOWAY LAUREN N
  • Previous Owner : GRUVER STEPHEN
  • Previous Owner 2: GRUVER PRASILLA
  • Owner Before Previous Owner: STAINBACK JAY G
  • Owner Before Previous Owner 2: STAINBACK JULIET
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054012

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0123334
  • District: 13
  • Parcel: 1717.18-22-8176 0123334
  • Municipality: NEUSE
  • Latitude: 35.8708
  • Longitude: -78.6191

    Address

  • Full Address: 6559 New Market Way
  • Address - House Number: 6559
  • Address - Street Name: New Market
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C035
  • 4-Digit Zip Code: 6830
  • Zip Code: 27615

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,235

    Appraisal Valuation

  • Standard Deviation: 0.1399
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 83
  • Final Value: 227,084
  • High Value: 258,856
  • Low Value: 195,313

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $156,750
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: May 27, 2020
  • First Open Lien Mortgage Loan Amount: $156,750
  • 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, 2050

    Market Valuation

  • Market Total Value: $120,040
  • Market Improvement Value: $120,040

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $120,040
  • Assessed Improvements Value: $120,040

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: May 27, 2020
  • Current Sale Transaction ID: 11768062517
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 16, 2017
  • Previous Sale Contract Date: May 15, 2017
  • Previous Sale Amount: $121,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: May 27, 2020
  • First Mortgage Loan Amount: $156,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: May 16, 2017
  • Previous Mortgage Loan Amount: $117,370
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Undefined / Multiple Amounts
  • Previous Mortgage Loan Due Date: Jun 01, 2047

About North Raleigh



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Frequently Asked Questions

What neighborhood is 6559 New Market Way located in?
The 6559 New Market Way is a townhouse located in the neighborhood of North Raleigh in North Raleigh, Raleigh.
What is the average sales price for listings in 6559 New Market Way?
The average sales price for units in 6559 New Market Way is $0 currently.

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