NOT LISTED FOR SALE

1315 E Lane St Raleigh, NC 27610

College Park Neighborhood

Estimated Value: $392,000 - $813,000

Studio
3 Baths
2,560 Sq Ft
$219/Sq Ft Est. Value

Sale Details

Date Sold: April 10, 2023

Last sale price $1,475,000 $576 Per Sq Ft

Current estimated payment $3,365 / mo

69 Days on Market

Highlights

  • Luxury Vinyl Tile Flooring
  • Central Air
  • 5-minute walk to Tarboro Road Park
  • Broughton Magnet High School Rated A-
  • Heating Available

About This Home

As of April 2023

3 DUPLEXES, 6 UNITS TOTAL! 1315, 1401, and 1407 E Lane St. 1315 E Lane St Unit 102 is completely renovated. New LVP flooring and carpet throughout. Fresh coat of interior paint. Gorgeous granite countertops and new stainless steel appliances in kitchen. 1407 E Lane units are both 3 bed/2.5 bath. Unit 101 rents for $1,200 and 102 lease agreement signed for late Nov at $1,550. Both units occupied in 1401 E Lane. 101 is 3 bed/2.5 and rents for $1,250 and 102 is 4 bed/2.5 bath rented out for $1,350. All current tenants are long-term.

Last Agent to Sell the Property

Paula Villalva

Clifton Property Investment License #329054 Listed on: 10/24/2022

Last Buyer's Agent

David Mang

Rich Realty Group License #288282

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,110

Year Built

  • Built in 2004

Parking

  • Off-Street Parking

Home Design

  • Slab Foundation
  • Vinyl Siding

Flooring

  • Carpet
  • Luxury Vinyl Tile

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • 6 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,110

Year Built

Built in 2004

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 2004
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 6.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Luxury Vinyl

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 3110.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 6

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2024
Sold by
Maw Properties Llc
Bought by
Washington Morris Arne
Current Estimated Value
$561,549

Purchase Details

Closed on
Sep 11, 2012
Sold by
Highview Properties Llc
Bought by
Koe Krompecher Pablo and Roth James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2007
Sold by
Marsic David J and Marsic Yates
Bought by
Highview Properties Llc

Purchase Details

Closed on
Jun 29, 2007
Sold by
Four Seasons Real Estate Investments Llc
Bought by
Marsic David and Marsic Yates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,400
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2004
Sold by
Herndon & Herndon Enterprises Llc
Bought by
Four Seasons Real Estate Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2002
Sold by
Adams D Carlyle
Bought by
Liberty Properties Nc Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Washington Morris Arne -- None Listed On Document
Koe Krompecher Pablo $471,000 None Available
Highview Properties Llc -- None Available
Marsic David $186,000 None Available
Four Seasons Real Estate Investments Llc $525,000 --
Liberty Properties Nc Llc $19,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Koe Krompecher Pablo $99,500
Previous Owner Marsic David $167,400
Previous Owner Four Seasons Real Estate Investments Llc $576,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $1,475,000 -- --
04/10/2023 04/10/23 Sold $1,475,000 -20.0% $576 / Sq Ft
01/04/2023 01/04/23 Pending -- -- --
10/27/2022 10/27/22 For Sale $1,843,200 -- $720 / Sq Ft
Source: Doorify MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,402 $500,135 $225,000 $275,135
2024 $4,384 $500,135 $225,000 $275,135
2023 $3,346 $303,303 $126,500 $176,803
2022 $3,111 $303,303 $126,500 $176,803
2021 $2,991 $303,303 $126,500 $176,803
2020 $2,937 $303,303 $126,500 $176,803
2019 $2,457 $208,543 $31,250 $177,293
2018 $2,319 $208,543 $31,250 $177,293
2017 $2,209 $208,543 $31,250 $177,293
2016 $2,165 $208,543 $31,250 $177,293
2015 -- $199,854 $21,450 $178,404
2014 -- $199,854 $21,450 $178,404
Source: Public Records

Agents Affiliated with this Home

  • Paula Villalva

    Seller's Agent in 2023

    Paula Villalva

    Clifton Property Investment

    (919) 608-2560

    1 in this area

    267 Total Sales

    Paula Villalva
    Section Image
  • David Mang

    Buyer's Agent in 2023

    David Mang

    Rich Realty Group

    (919) 757-3652

    1 in this area

    77 Total Sales

    David Mang
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2480690

Doorify MLS

APN: 1714.18-20-5217-000

North Carolina Wake County Raleigh 27610 College Park

1315 E Lane St, Raleigh, NC

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