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705 North State Street

705 North State Street, Raleigh, NC 27604
Sold Apr 15, 2021
$747,000
$548,000 by Corporate Investors Mortgage G
Mortgage Due May 01, 2051
Sold Mar 31, 2020
$235,000
$511,000 by North State Bank
Mortgage Due Apr 15, 2021
705 North State Street in Raleigh, NC was first built in 2021 and is 3 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 conventional 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. 705 North State Street has 2,658 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 8,712 square feet.

Learn more about the property and building on this page. The home has a gable style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. 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. The condition of the building has been evaluated as good. 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 and being fueled with gas. 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. 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, 705 North State Street was last sold in Apr 15, 2021 for $747,000. According to our calculations, that's $281.04 per sqft. Prior to that sales transaction, the property was sold for $235,000 in Mar 5, 2020. Current property owners are expected to pay $7,083 in taxes per year. The property on 705 North State Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $697,597. To break that down further, the land itself was valued at $180,000. While improvements to the property were assessed at a total of $517,597. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Condition

New Construction
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • 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
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 2,658
  • Building Area: 2,658
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,658
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CAPITOL HEIGHTS
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO91 CAPITOL HEIGHTS

Ownership

  • Current Owner : FULBRIGHT JOE R
  • Current Owner 2: FULBRIGHT ANDREA M
  • Previous Owner : GRAYSON HOMES LLC
  • Owner Before Previous Owner: BABUIN PATRICIA AGNES GOODWIN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050500

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0023923
  • District: 01
  • Parcel: 1714.17-22-3456 0023923
  • Lot: 91
  • Municipality: RALEIGH
  • Latitude: 35.7894
  • Longitude: -78.621

    Address

  • Full Address: 705 N State St
  • Address - House Number: 705
  • Street Direction: N
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C043
  • 4-Digit Zip Code: 2361
  • Zip Code: 27604

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,083

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 78
  • Final Value: 918,500
  • High Value: 1,075,864
  • Low Value: 761,137

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $636,800
  • First Open Lien Mortgage Lender: CORPORATE INVESTORS MORTGAGE G
  • First Open Lien Mortgage Recording Date: Apr 15, 2021
  • First Open Lien Mortgage Loan Amount: $548,000
  • 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: May 01, 2051
  • Second Open Lien Mortgage Lender: FIRST CITIZENS BANK & TRUST CO
  • Second Open Lien Mortgage Recording Date: Aug 19, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $88,800
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $697,597
  • Market Land Value: $180,000
  • Market Improvement Value: $517,597

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $697,597
  • Assessed Land Value: $180,000
  • Assessed Improvements Value: $517,597

    Sales

  • Current Sale Contract Date: Apr 15, 2021
  • Current Sale Recording Date: Apr 15, 2021
  • Current Sale Transaction ID: 11840659447
  • Current Sale Price: $747,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Mar 31, 2020
  • Previous Sale Contract Date: Mar 05, 2020
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORPORATE INVESTORS MORTGAGE G
  • First Mortgage Transaction Date: Apr 15, 2021
  • First Mortgage Loan Amount: $548,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: NORTH STATE BANK
  • Previous Mortgage Transaction Date: Mar 31, 2020
  • Previous Mortgage Loan Amount: $511,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Apr 15, 2021

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Frequently Asked Questions

What neighborhood is 705 North State Street located in?
The 705 North State Street is a house located in the neighborhood of Oakwood Park in Central Raleigh, Raleigh.
What is the average sales price for listings in 705 North State Street?
The average sales price for units in 705 North State Street is $0 currently.

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