NOT LISTED FOR SALE

3701 Holly Ln Unit 302 Raleigh, NC 27612

Crabtree Neighborhood

Estimated Value: $507,000 - $606,000

2 Beds
2 Baths
2,344 Sq Ft
$570/mo HOA Fee

Last Sold August 19, 2021

Last sale price $390,000 $166 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,824/month

74 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • High Ceiling
  • Stough Elementary School Rated A-
  • Sun or Florida Room
  • Home Office

About This Home

As of August 2021

A RARE opportunity to own one of the finest, exclusive Holly Lane Condominiums. Sun filled third floor unit features huge living room with fireplace, gas logs, built-in bookcases and hardwood flrs. Separate oversized formal dining room with beautiful chandelier. 9' smooth ceilings, spacious rooms, exceptional storage space and large sunroom. Study could be 3rd bedrm. Only 8 units in this enclave features secure access to building, elevator, large storage room and assigned covered parking on lower level.

Last Agent to Sell the Property

Shep Smith

Berkshire Hathaway HomeService License #141547 Listed on: 04/21/2021

Berkshire Hathaway HomeService

Last Buyer's Agent

Tapan Patel

Redfin Corporation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,655

Year Built

  • Built in 1997

Lot Details

  • Landscaped with Trees

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,344 Sq Ft Home
  • 1-Story Property
  • Bookcases
  • High Ceiling
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Home Office
  • Sun or Florida Room
  • Storage

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer Hookup

Schools

  • Stough Elementary School
  • Oberlin Middle School
  • Broughton High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • Association fees include insurance, ground maintenance, maintenance structure
  • 8 Units
  • Holly Lane Condos Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,655

Year Built

Built in 1997

Lot Details

0

HOA Fees

$570 per month

Listing Details

  • Year Built: 1997
  • Prop. Type: Residential
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure
  • Subdivision Name: Holly Lane Condos
  • Above Grade Finished Sq Ft: 2344.0
  • Architectural Style: Traditional
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Condominium
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Den2: Yes
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Laundry Features Electric Dryer Hookup: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Room Types Sunroom: Yes
  • General Property Information Above Grade Finished Area: 2344.0
  • General Property Information Carport YN: Yes
  • General Property Information Carport Spaces2: 1.0
  • General Property Information:Living Area3: 2344.0
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Bookcases, Entrance Foyer, High Ceilings, Pantry, Separate Shower, Storage, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Electric Cooktop: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Bookcases: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Construction Type: Brick, Fiber Cement
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Landscaped: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • Parking Features:Carport: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 570.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 570.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Broughton
  • Middle Or Junior School: Wake - Oberlin

Lot Info

  • Lot Dimensions: 0

Tax Info

  • Tax Annual Amount: 3655.0

Multi Family

  • Number Of Units Total: 8

MLS Schools

  • Elementary School: Wake - Stough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2021
Closed on
Aug 6, 2021
Sold by
Thompson Joan F and Thompson Joan T
Bought by
King Martin W and King Gretell G
Seller's Agent
Shep Smith
Berkshire Hathaway HomeService
Buyer's Agent
Tapan Patel
Redfin Corporation
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Current Estimated Value
$542,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,731
Avg. Annual Appreciation
7.89%
Original Mortgage
$351,000
Outstanding Balance
$319,168
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$223,563

Purchase Details

Closed on
Dec 1, 2015
Sold by
Green Lillian W
Bought by
Thompson Joan T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
King Martin W $390,000 None Available
King Martin W $390,000 None Listed On Document
Thompson Joan T $365,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Martin W $351,000
Closed King Martin W $351,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $390,000 -- --
08/19/2021 08/19/21 Sold $390,000 -2.5% $166 / Sq Ft
07/11/2021 07/11/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $400,000 -- $171 / 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 $4,823 $550,781 -- $550,781
2024 $4,804 $550,781 $0 $550,781
2023 $4,169 $380,603 $0 $380,603
2022 $3,903 $380,603 $0 $380,603
2021 $3,723 $380,603 $0 $380,603
2020 $3,363 $380,603 $0 $380,603
2019 $3,291 $282,235 $0 $282,235
2018 $3,104 $282,235 $0 $282,235
2017 $2,956 $282,235 $0 $282,235
2016 $2,895 $282,235 $0 $282,235
2015 $2,758 $264,378 $0 $264,378
2014 -- $264,378 $0 $264,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2378996

Doorify MLS

APN: 0795.06-37-8976-008