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5524 Laurel Grove Lane

5524 Laurel Grove Lane, Raleigh, NC 27616
Property in Cardinal Grove
Sold Jan 12, 2006
$158,370
$135,900 by Equity Services Inc
Mortgage Due Aug 01, 2036
Sold Aug 18, 2004
$135,000
5524 Laurel Grove Lane in Raleigh, NC was first built in 1997 and is 27 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5524 Laurel Grove Lane has 1,920 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 9,583 square feet.

Learn more about the property and building on this page. The home has a gable style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 400 sqft. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 5524 Laurel Grove Lane sold most recently in Jan 10, 2006 for a total of $158,370. If you work out the math, that's approximately a cost of $82.48 per sqft. Before that, the property was also sold for $135,000 in Aug 9, 2004. 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 $2,513 in taxes each year. 5524 Laurel Grove Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $246,202. If we break it down further, the land itself was valued at $52,000. Improvements to the property, however, were assessed at a total of $194,202. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,920
  • Building Area: 1,920
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,920
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CARDINAL GROVE PHASE 1 SECTION 2
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO11 CARDINAL GROVE P S2 BM1995-1711

Ownership

  • Current Owner : FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Previous Owner : RUFFIN BESSIE
  • Previous Owner 2: RUFFIN SHEILA D
  • Owner Before Previous Owner: CITIFINANCIAL SERVICES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054104

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0223063
  • District: 13
  • Parcel: 1736.09-25-0388 0223063
  • Lot: 11
  • Municipality: NEUSE
  • Latitude: 35.8522
  • Longitude: -78.5543

    Address

  • Full Address: 5524 Laurel Grove Ln
  • Address - House Number: 5524
  • Address - Street Name: Laurel Grove
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C020
  • 4-Digit Zip Code: 6156
  • Zip Code: 27616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,513

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 423,625
  • High Value: 476,062
  • Low Value: 371,189

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,900
  • First Open Lien Mortgage Lender: EQUITY SERVICES INC
  • First Open Lien Mortgage Recording Date: Jul 31, 2006
  • First Open Lien Mortgage Loan Amount: $135,900
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2036

    Market Valuation

  • Market Total Value: $246,202
  • Market Land Value: $52,000
  • Market Improvement Value: $194,202

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $246,202
  • Assessed Land Value: $52,000
  • Assessed Improvements Value: $194,202

    Sales

  • Current Sale Contract Date: Jan 10, 2006
  • Current Sale Recording Date: Jan 12, 2006
  • Current Sale Transaction ID: 1129986228
  • Current Sale Price: $158,370
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Previous Sale Recording Date: Aug 18, 2004
  • Previous Sale Contract Date: Aug 09, 2004
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: Special Warranty Deed

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Frequently Asked Questions

What neighborhood is 5524 Laurel Grove Lane located in?
The 5524 Laurel Grove Lane is a located in the neighborhood of Cardinal Grove in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 5524 Laurel Grove Lane?
The average sales price for units in 5524 Laurel Grove Lane is $0 currently.

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