NOT LISTED FOR SALE

2640 Farlow Gap Ln Raleigh, NC 27603

South Raleigh Neighborhood

Estimated Value: $411,000 - $432,000

4 Beds
3 Baths
1,735 Sq Ft
$243/Sq Ft Est. Value

About This Home

This home is located at 2640 Farlow Gap Ln, Raleigh, NC 27603 and is currently estimated at $422,146, approximately $243 per square foot. 2640 Farlow Gap Ln is a home located in Wake County with nearby schools including Dillard Drive Magnet Elementary School, Dillard Drive Magnet Middle School, and The Exploris School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2021
Sold by
Sunshine Properties Llc
Bought by
Winston Rentals Llc
Current Estimated Value
$422,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Outstanding Balance
$199,828
Interest Rate
3.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$222,318

Purchase Details

Closed on
Feb 18, 2020
Sold by
Allred Julian C and Allred Jennifer E
Bought by
Sunshine Properties Llc

Purchase Details

Closed on
Feb 22, 2002
Sold by
Willard Douglas L and Willard Eleanor M N
Bought by
Allred Julian C and Allred Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,528
Interest Rate
7.02%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 29, 1999
Sold by
Murdock & Gannon Construction Inc
Bought by
Willard Douglas L and Willard Eleanor M N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,710
Interest Rate
7.75%
Mortgage Type
VA

Purchase Details

Closed on
Aug 31, 1999
Sold by
Lineberry Associates Ltd Partnership
Bought by
Murdock & Gannon Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
7.5%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

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First American

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Quantarium

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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

Date Buyer Sale Price Title Company
Winston Rentals Llc -- None Available
Winston Rentals Llc -- None Listed On Document
Sunshine Properties Llc $212,000 None Available
Allred Julian C $160,000 --
Willard Douglas L $151,500 --
Murdock & Gannon Construction Inc $29,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winston Rentals Llc $220,500
Closed Winston Rentals Llc $220,500
Previous Owner Allred Julian C $157,528
Previous Owner Willard Douglas L $155,710
Previous Owner Murdock & Gannon Construction Inc $15,000
Source: Public Records

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 $3,634 $414,379 $160,000 $254,379
2024 $3,619 $414,379 $160,000 $254,379
2023 $2,974 $271,051 $60,000 $211,051
2022 $2,764 $271,051 $60,000 $211,051
2021 $2,657 $271,051 $60,000 $211,051
2020 $2,609 $271,051 $60,000 $211,051
2019 $2,292 $196,040 $54,000 $142,040
2018 $2,162 $196,040 $54,000 $142,040
2017 $2,059 $196,040 $54,000 $142,040
2016 $2,017 $196,040 $54,000 $142,040
2015 $1,985 $189,796 $48,000 $141,796
2014 $1,883 $189,796 $48,000 $141,796
Source: Public Records

Map

North Carolina Wake County Raleigh 27603 South Raleigh

2640 Farlow Gap Ln, Raleigh, NC

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