NOT LISTED FOR SALE

1725 Luna Way Raleigh, NC 27604

Northeast Raleigh Neighborhood

Estimated Value: $481,000

4 Beds
2.5 Baths
2,332 Sq Ft
$206/Sq Ft Est. Value

Last Sold December 21, 2023

Last sale price $415,000 $178 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,947/month

57 Days on Market

Highlights

  • New Construction
  • Traditional Architecture
  • Community Pool
  • Clubhouse
  • Bonus Room
  • Home Office

About This Home

As of December 2023

Wonderful Rosella two-story floorplan on a spacious homesite! This home is located in a great Raleigh community, convenient to everything! You will love entertaining in this kitchen with its Whirlpool SS appliances, granite countertops, designer cabinets, and a large island is perfect! The spacious gathering room features open concept living at its best! A patio overlooking a professionally landscaped, low maintenance backyard! This plan offers the spacious owner's suite and luxury owner's bathroom.

Last Agent to Sell the Property

Alex Lilly

Pulte Home Company LLC License #275120 Listed on: 08/04/2023

Pulte Home Company LLC

Last Buyer's Agent

VK Raghavan

Fathom Realty NC License #298349

Fathom Realty NC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,023

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 7,405 Sq Ft Lot

HOA Fees

  • $99 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,332 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Dining Room
  • Home Office
  • Bonus Room

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Community Details

Overview

  • Association fees include cable TV
  • Charleston Association
  • 540 West Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,023

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$99 per month

Parking

2

Listing Details

  • Year Built: 2023
  • Prop. Type: Residential
  • Reso Association Fee Includes: Cable TV
  • Subdivision Name: 540 West
  • Above Grade Finished Sq Ft: 2332.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See Plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2023-09-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: 2
  • General Property Information Above Grade Finished Area: 2332.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 7405.2
  • General Property Information Lot Size Acres: 0.17
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Luxury Vinyl
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Total Bedrooms: 8
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Acres: 0.17
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Electric, Zoned
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Association Fee: 297.0
  • Association Fee Frequency: Quarterly
  • Association Name: Charleston
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Charleston
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Cable TV2: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 297.0
  • General Property Information:Association Fee Frequency: Quarterly

Schools

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

Lot Info

  • Lot Dimensions: See Plat
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2023.0

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Dec 21, 2023
Sold by
Pulte Home Company Llc
Bought by
Moorthy Mahadevan and Moorthy Usha Krishnamoorthy
Seller's Agent
Alex Lilly
Pulte Home Company LLC
Buyer's Agent
VK Raghavan
Fathom Realty NC
List Price
$453,030
Sold Price
$415,000
Premium/Discount to List
-$38,030
-8.39%
Views
69
Current Estimated Value
$481,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,000
Avg. Annual Appreciation
8.64%
Original Mortgage
$311,250
Outstanding Balance
$306,211
Interest Rate
7.63%
Mortgage Type
Construction
Estimated Equity
$174,789
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Moorthy Mahadevan $415,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moorthy Mahadevan $311,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2023 12/21/23 Sold $415,000 -7.4% $178 / Sq Ft
12/16/2023 12/16/23 Off Market $448,030 -- --
09/30/2023 09/30/23 Pending -- -- --
08/11/2023 08/11/23 Price Changed $448,030 -1.1% $192 / Sq Ft
08/04/2023 08/04/23 For Sale $453,030 -- $194 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

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 $3,573 $407,431 $80,000 $327,431
2024 $3,559 $407,431 $80,000 $327,431
2023 $177 $65,000 $65,000 $0
2022 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Alex Lilly

    Pulte Home Company LLC

    Section Image
  • VK Raghavan

    Buyer's Agent in 2023

    VK Raghavan

    Fathom Realty NC

    (919) 376-5727

    2 in this area

    21 Total Sales

    VK Raghavan
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2525326

Doorify MLS

APN: 1745.03-11-6143-000

North Carolina Wake County Raleigh 27604 Northeast Raleigh

1725 Luna Way, Raleigh, NC

This home is located at 1725 Luna Way, Raleigh, NC 27604 since 04 August 2023 and is currently estimated at $481,000, approximately $206 per square foot. This property was built in 2023. 1725 Luna Way is a home located in Wake County with nearby schools including Beaverdam Elementary School, River Bend Middle, and Knightdale High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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