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7838 Silverthread Lane

7838 Silverthread Lane, Raleigh, NC 27617
Sold Mar 27, 2020
$208,000
$204,232 by Nfm Inc
Mortgage Due Apr 01, 2050
Sold Sep 02, 2005
$138,000
$110,084 by Westfield Home Mortgage Llc
Mortgage Due Oct 01, 2035
7838 Silverthread Lane 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 2005 and is 19 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7838 Silverthread Lane has 1,248 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,307 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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. The exterior walls of the building are made of alum/vinyl siding. 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. 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. The property was last sold in Mar 25, 2020 for $208,000. That's $166.67 per sqft. Prior to that sales transaction, the property was also sold in Sep 2, 2005 for $138,000. 7838 Silverthread Lane was last assessed in 2022. The total value of the property was assessed at $193,363. Specifically, the land the property is located on was valued at $40,000. While improvements on the property were assessed at a total of $153,363. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,978. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Townhouse
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,307
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,248
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ALEXANDER PLACE
  • Land Acres: 0.03
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO185 ALEXANDER PLACE PH3 BM2004-1366

Ownership

  • Current Owner : BRYANT YARNICA
  • Previous Owner : PATEL NIRAL P
  • Owner Before Previous Owner: WESTFIELD HOMES OF THE CAROLINAS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053717

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0331732
  • District: 08
  • Subdivision Phase Number: 3
  • Parcel: 0768.02-77-7705 0331732
  • Lot: 185
  • Municipality: LEESVILLE
  • Latitude: 35.9142
  • Longitude: -78.7713

    Address

  • Full Address: 7838 Silverthread Ln
  • Address - House Number: 7838
  • Address - Street Name: Silverthread
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R059
  • 4-Digit Zip Code: 4814
  • Zip Code: 27617

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,978

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 328,727
  • High Value: 369,417
  • Low Value: 288,037

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $224,232
  • First Open Lien Mortgage Lender: NFM INC
  • First Open Lien Mortgage Recording Date: Mar 27, 2020
  • First Open Lien Mortgage Loan Amount: $204,232
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050
  • Second Open Lien Mortgage Lender: COASTAL FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Apr 18, 2022
  • Second Open Lien Mortgage Loan Amount: $20,000
  • 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: $193,363
  • Market Land Value: $40,000
  • Market Improvement Value: $153,363

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $193,363
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $153,363

    Sales

  • Current Sale Contract Date: Mar 25, 2020
  • Current Sale Recording Date: Mar 27, 2020
  • Current Sale Transaction ID: 11758882914
  • Current Sale Price: $208,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 02, 2005
  • Previous Sale Contract Date: Sep 02, 2005
  • Previous Sale Amount: $138,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NFM INC
  • First Mortgage Transaction Date: Mar 27, 2020
  • First Mortgage Loan Amount: $204,232
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WESTFIELD HOME MORTGAGE LLC
  • Previous Mortgage Transaction Date: Sep 02, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $110,084
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Oct 01, 2035

About Umstead



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Frequently Asked Questions

What neighborhood is 7838 Silverthread Lane located in?
The 7838 Silverthread Lane is a townhouse located in the neighborhood of Alexander Place Townhomes in Umstead, Raleigh.
What is the average sales price for listings in 7838 Silverthread Lane?
The average sales price for units in 7838 Silverthread Lane is $0 currently.

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