See Home Value
Raleigh 27609 Lakestone
725 Lakestone Drive
$2,949,830*
House - Off Market

725 Lakestone Drive

Raleigh, NC 27609
bedrooms
5 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
4651 Sqft
$1,755,000 - $2,145,000
Reference Base Price*
51.27%
Since Oct 1, 2018
National-US
Primary Model
Sold Nov 30, 2020
$2,000,000
$2,000,000 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2050
Sold Nov 01, 2018
$1,590,000
$1,113,000 by Raymond James Bank Na
Mortgage Due Dec 01, 2048

About This Property

Stately, Arthur McKimmon designed brick 2 story home centered on 2.31 acre LAKE LOT. One owner house built in 1961 has great bones & charm galore. Old wide width hardwood floors w/character throughout the house. Huge patio & bsmt rec room . 3 fireplaces. House thought to have been built by Davidson & Jones. Downstairs master suite, lg. rooms for entertaining, stunning built-in corner cupboards. Breathtaking vista lake views from the house. Incredible & rare waterfront opportunity ITB.

The manager has listed the unit size as 4651 square feet.
Unit Size
4,651Ft²
Days on Market
-
Land Size
2.31 acres
Price per sqft
$419
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2021

Price History

Date / Event Date Event Price
Nov 30, 2020 Sold to Kade B Ross, Mary Margaret ... $2,000,000
Sold to Kade B Ross, Mary Margaret ...
Sep 22, 2018 No longer available -
No longer available
Jul 15, 2018 Listed $1,950,000
Listed

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 567
  • Garage Type: Garage
  • Garage Square Area: 506
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 99,317
  • Total Building Area: 6,530
  • Building Area: 6,530
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,530
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PT LAKESTONE SUB
  • Land Acres: 2.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO9 PT LT 10 & PT LAKESTONE SUB

Ownership

  • Current Owner : ROSS KADE B
  • Current Owner 2: ROSS MARY MARGARET
  • Previous Owner : HIGHSMITH JOHN TYLER
  • Owner Before Previous Owner: MANLY JAMES SAWYER
  • Owner Before Previous Owner 2: MANLY SUSAN W

Neighborhood

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

Zoning

  • Zoning: R-2

Geography

  • Account Number: 0043746
  • District: 01
  • Parcel: 1705.06-28-6796 0043746
  • Lot: 9,10
  • Municipality: RALEIGH
  • Latitude: 35.8346
  • Longitude: -78.6536

    Address

  • Full Address: 725 Lakestone Dr
  • Address - House Number: 725
  • 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: $17,139

    Appraisal Valuation

  • Standard Deviation: 0.1459
  • Valuation Date: Apr 12, 2023
  • Confidence Score: 70
  • Final Value: 2,652,589
  • High Value: 3,039,692
  • Low Value: 2,265,485

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,101,627
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 30, 2020
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • 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: Dec 01, 2050
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Apr 05, 2023
  • Second Open Lien Mortgage Loan Amount: $1,101,627
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $2,377,505
  • Market Land Value: $1,008,000
  • Market Improvement Value: $1,369,505

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,377,505
  • Assessed Land Value: $1,008,000
  • Assessed Improvements Value: $1,369,505

    Sales

  • Current Sale Contract Date: Nov 24, 2020
  • Current Sale Recording Date: Nov 30, 2020
  • Current Sale Transaction ID: 11826330214
  • Current Sale Price: $2,000,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Nov 01, 2018
  • Previous Sale Contract Date: Oct 23, 2018
  • Previous Sale Amount: $1,590,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Nov 30, 2020
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: RAYMOND JAMES BANK NA
  • Previous Mortgage Transaction Date: Nov 01, 2018
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,113,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Dec 01, 2048



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5.5 Baths
5,518 ft²
$390/ft²
$2,150,000 Apr 9, 2022
-
$292/mo
House
4 Beds
5 Baths
4,785 ft²
$439/ft²
$2,100,000 Aug 2, 2022
-
-
House
4 Beds
3.5 Baths
4,457 ft²
$482/ft²
$2,150,000 Nov 23, 2022
-
-
House
4 Beds
5 Baths
4,316 ft²
$401/ft²
$1,729,000 Feb 16, 2023
-
$98,178/mo

About North Hills


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Nearby Rentals

Unit for rent at

$2,195 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,648 ft²
Listing by Manager
Unit for rent at

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,100 ft²
Listing by Manager
Unit for rent at

$2,195 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,224 ft²
Listing by Manager


Frequently Asked Questions

When was property at 725 Lakestone Drive built and last sold?
The property at 725 Lakestone Drive was built in 2021 and last sold on Nov 24, 2020 for $2,000,000.
How much is this home worth?
The estimated value of the home located at 725 Lakestone Drive is $1,969,500.
What are some comparable homes to 725 Lakestone Drive?
There are currently no comparable homes to 725 Lakestone Drive.

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