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7505 Spyglass Way

7505 Spyglass Way, Raleigh, NC 27615
Sold Apr 22, 2022
$775,000
$725,000 by Morgan Stanley Private Bank Na
Mortgage Due Aug 01, 2052
Sold Apr 26, 1996
$410,000
Buyer
7505 Spyglass Way has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 1987 and is 37 years old. The building has a total of 2 stories. In addition, 7505 Spyglass Way has 6,904 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 478 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 20,038 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 489 sqft. Moving on to the building itself. The condition of the building has been evaluated as excellent. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 7505 Spyglass Way was last sold in Apr 18, 2022 for $775,000. According to our calculations, that's $112.25 per sqft. Prior to that sales transaction, the property was sold for $410,000 in Apr 26, 1996. Current property owners are expected to pay $7,441 in taxes per year. The property on 7505 Spyglass Way was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $732,912. To break that down further, the land itself was valued at $231,250. While improvements to the property were assessed at a total of $501,662. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Parking

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

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Excellent
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 478
  • Garage Type: Garage
  • Garage Square Area: 489
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 6,904
  • Building Area: 6,904
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,904
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NORTH RIDGE ESTATES
  • Land Acres: 0.46
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO79 NORTH RIDGE ESTATES BM1984-1465

Ownership

  • Current Owner : ROBBINS MARY-MARGARET
  • Current Owner 2: SOHNS MATTHEW
  • Previous Owner : JAY SMITH RUSSELL
  • Previous Owner 2: JAY MICHELLE LINDSEY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0137545
  • District: 13
  • Parcel: 1717.11-66-0976 0137545
  • Lot: 79
  • Municipality: NEUSE
  • Latitude: 35.8841
  • Longitude: -78.6081

    Address

  • Full Address: 7505 Spyglass Way
  • Address - House Number: 7505
  • Address - Street Name: Spyglass
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C026
  • 4-Digit Zip Code: 5481
  • Zip Code: 27615

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,441

    Appraisal Valuation

  • Standard Deviation: 0.1162
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 87
  • Final Value: 1,022,941
  • High Value: 1,141,872
  • Low Value: 904,009

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $725,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 01, 2022
  • First Open Lien Mortgage Loan Amount: $725,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $732,912
  • Market Land Value: $231,250
  • Market Improvement Value: $501,662

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $732,912
  • Assessed Land Value: $231,250
  • Assessed Improvements Value: $501,662

    Sales

  • Current Sale Contract Date: Apr 18, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Transaction ID: 11886033504
  • Current Sale Price: $775,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Apr 26, 1996
  • Previous Sale Contract Date: Apr 26, 1996
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: Deed

About North Raleigh



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Frequently Asked Questions

What neighborhood is 7505 Spyglass Way located in?
The 7505 Spyglass Way is a located in the neighborhood of North Ridge Estates in North Raleigh, Raleigh.
What is the average sales price for listings in 7505 Spyglass Way?
The average sales price for units in 7505 Spyglass Way is $0 currently.

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