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8 Ft Alley

8 Ft Alley, Raleigh, NC 27601
Property in Central Raleigh
Sold Dec 10, 2020
$494,000
$447,004 by Fairway Independent Mortgage C
Mortgage Due Jan 01, 2051
Sold Feb 21, 2020
$110,000
$310,000 by Felicite Llc
Mortgage Due Mar 01, 2021
8 Ft Alley 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 2020 and is 4 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, 8 Ft Alley has 1,840 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 4,356 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. 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 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8 Ft Alley sold most recently in Dec 1, 2020 for a total of $494,000. If you work out the math, that's approximately a cost of $268.48 per sqft. Before that, the property was also sold for $110,000 in Feb 20, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,927 in taxes each year. The initial year of tax delinquency occurred in 2019. 8 Ft Alley was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $484,651. If we break it down further, the land itself was valued at $155,000. Improvements to the property, however, were assessed at a total of $329,651. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Total Building Area: 1,840
  • Building Area: 1,840
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,840
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO8 THE DICHTEL PALCE BM1911-00027

Ownership

  • Current Owner : MOHR TYLER MATTHIAS
  • Previous Owner : SHARP REAL ESTATE INVESTMENTS LLC
  • Owner Before Previous Owner: TURNER WILLARD R
  • Owner Before Previous Owner 2: TURNER REBECCA L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050700

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0071336
  • District: 01
  • Parcel: 1713.09-17-8414 0071336
  • Lot: 8
  • Municipality: RALEIGH
  • Latitude: 35.7757
  • Longitude: -78.6231

    Address

  • Full Address: 8 Fort Aly
  • Address - House Number: 8
  • Address - Street Name: Fort
  • Address - Suffix Type: Aly
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C012
  • 4-Digit Zip Code: 1626
  • Zip Code: 27601

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,927
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 721,120
  • High Value: 810,380
  • Low Value: 631,860

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $447,004
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Dec 10, 2020
  • First Open Lien Mortgage Loan Amount: $447,004
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $484,651
  • Market Land Value: $155,000
  • Market Improvement Value: $329,651

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $484,651
  • Assessed Land Value: $155,000
  • Assessed Improvements Value: $329,651

    Sales

  • Current Sale Contract Date: Dec 01, 2020
  • Current Sale Recording Date: Dec 10, 2020
  • Current Sale Transaction ID: 11827326700
  • Current Sale Price: $494,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Feb 21, 2020
  • Previous Sale Contract Date: Feb 20, 2020
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Dec 10, 2020
  • First Mortgage Loan Amount: $447,004
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FELICITE LLC
  • Previous Mortgage Transaction Date: Feb 21, 2020
  • Previous Mortgage Loan Amount: $310,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 01, 2021

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Frequently Asked Questions

What neighborhood is 8 Ft Alley located in?
The 8 Ft Alley is a located in the neighborhood of Central Raleigh in Central Raleigh, Raleigh.
What is the average sales price for listings in 8 Ft Alley?
The average sales price for units in 8 Ft Alley is $0 currently.

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