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8315 Martello Lane

8315 Martello Lane, Raleigh, NC 27613
Property in Cornerstone Park
Sold Mar 12, 2024
$439,500
Sold Sep 03, 2013
$162,000
$145,800 by Pentagon Fcu
Mortgage Due Oct 01, 2043
Local assessors in Raleigh, NC have categorized 8315 Martello Lane as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 1,742 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8315 Martello Lane has a total of 1,538 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 182 sqft. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Mar 8, 2024 for $439,500. That's $285.76 per sqft. Prior to that sales transaction, the property was also sold in Sep 3, 2013 for $162,000. 8315 Martello Lane was last assessed in 2023. The total value of the property was assessed at $226,889. Specifically, the land the property is located on was valued at $40,000. While improvements on the property were assessed at a total of $186,889. 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 $2,493. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.

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
  • Business/Commerical Units Count: 16
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 182
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,742
  • Total Building Area: 1,538
  • Building Area: 1,538
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,538
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CORNERSTONE PARK SUB
  • Land Acres: 0.04
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO7 CORNERSTONE PARK SUB TR3&4 BM2004-00267

Ownership

  • Current Owner : SMATHERS JAMES Z
  • Current Owner 2: SMATHERS LAURA M
  • Previous Owner : FREEMAN CHRIS
  • Previous Owner 2: FREEMAN KAITLYN
  • Owner Before Previous Owner: BAWONO ANGELA M
  • Owner Before Previous Owner 2: KADIR STEFAN
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053724

Zoning

  • Zoning: RX-3

Geography

  • Account Number: 0319135
  • District: 08
  • Subdivision Tract Number: 3&4
  • Parcel: 0777.02-68-8716 0319135
  • Lot: 7
  • Municipality: LEESVILLE
  • Latitude: 35.8895
  • Longitude: -78.7407

    Address

  • Full Address: 8315 Martello Ln
  • Address - House Number: 8315
  • Address - Street Name: Martello
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R068
  • 4-Digit Zip Code: 6955
  • Zip Code: 27613

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,493

    Appraisal Valuation

  • Standard Deviation: 0.1367
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 84
  • Final Value: 367,801
  • High Value: 418,086
  • Low Value: 317,516

    Market Valuation

  • Market Total Value: $226,889
  • Market Land Value: $40,000
  • Market Improvement Value: $186,889

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $226,889
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $186,889

    Sales

  • Current Sale Contract Date: Mar 08, 2024
  • Current Sale Recording Date: Mar 12, 2024
  • Current Sale Transaction ID: 11922649137
  • Current Sale Price: $439,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 03, 2013
  • Previous Sale Contract Date: Sep 03, 2013
  • Previous Sale Amount: $162,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: PENTAGON FCU
  • Previous Mortgage Transaction Date: Sep 03, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $145,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Oct 01, 2043

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Frequently Asked Questions

What neighborhood is 8315 Martello Lane located in?
The 8315 Martello Lane is a located in the neighborhood of Cornerstone Park in Northwest Raleigh, Raleigh.
What is the average sales price for listings in 8315 Martello Lane?
The average sales price for units in 8315 Martello Lane is $0 currently.

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