See Home Value
Raleigh 27609 Lakestone
701 Lakestone Drive
$2,020,188*
House - Off Market

701 Lakestone Drive

Raleigh, NC 27609
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
4006 Sqft
$1,616,000 - $1,974,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold May 11, 2021
$1,725,000

About This Property

Resting on an extraordinary 2.09 acre lake front lot, this one-and-a-half-story  traditional home is without equal - built by John C. Williams, features include 9' ceilings, heart pine floors, 3 fireplaces and exquisite moldings and built-ins - open foyer with gracious formal areas - Cherry paneled family room with fireplace and French doors to huge covered porch - full basement w/walkout to brick patio and expansive green space - unsurpassed lake views from all three levels - two-car garage -so peaceful!

The manager has listed the unit size as 4006 square feet.
Unit Size
4,006Ft²
Days on Market
-
Land Size
2.09 acres
Price per sqft
$448
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1964

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Apr 4, 2021 In contract -
In contract
Feb 24, 2021 Price Decreased $1,795,000
↓ $155K (8%)
Price Decreased
Feb 1, 2021 Relisted $1,950,000
Relisted
Jan 30, 2021 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1975
  • Total Rooms: 12
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Excellent
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 971
  • Garage Type: Garage
  • Garage Square Area: 624
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 91,040
  • Total Building Area: 3,948
  • Building Area: 3,948
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,948
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LAKESTONE SUB
  • Land Acres: 2.09
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO7 LAKESTONE SUB

Ownership

  • Current Owner : KNIGHT AVERY
  • Current Owner 2: KNIGHT DAVID
  • Previous Owner : ALDERMAN LABETTE D
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052603

Zoning

  • Zoning: R-2

Geography

  • Account Number: 0001021
  • District: 01
  • Parcel: 1705.06-38-1512 0001021
  • Lot: 7
  • Municipality: RALEIGH
  • Latitude: 35.8336
  • Longitude: -78.652

    Address

  • Full Address: 701 Lakestone Dr
  • Address - House Number: 701
  • Address - Street Name: Lakestone
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C006
  • 4-Digit Zip Code: 6341
  • Zip Code: 27609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,110

    Appraisal Valuation

  • Standard Deviation: 0.0951
  • Valuation Date: Oct 05, 2022
  • Confidence Score: 91
  • Final Value: 1,570,152
  • High Value: 1,719,475
  • Low Value: 1,420,830

    Market Valuation

  • Market Total Value: $1,095,340
  • Market Land Value: $810,000
  • Market Improvement Value: $285,340

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,095,340
  • Assessed Land Value: $810,000
  • Assessed Improvements Value: $285,340

    Sales

  • Current Sale Contract Date: May 11, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Transaction ID: 11843528656
  • Current Sale Price: $1,725,000
  • Current Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3.5 Baths
4,457 ft²
$448/ft²
$1,995,000 Nov 23, 2022
-
-
House
5 Beds
5 Baths
3,832 ft²
$443/ft²
$1,699,000 Oct 7, 2022
-
$3,392/mo
House
5 Beds
5.5 Baths
5,518 ft²
$390/ft²
$2,150,000 Apr 9, 2022
-
$292/mo

About North Hills


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Frequently Asked Questions

When was property at 701 Lakestone Drive built and last sold?
The property at 701 Lakestone Drive was built in 1964 and last sold on May 11, 2021 for $1,725,000.
How much is this home worth?
The estimated value of the home located at 701 Lakestone Drive is $1,812,963.
What are some comparable homes to 701 Lakestone Drive?
There are currently no comparable homes to 701 Lakestone Drive.

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