NOT LISTED FOR SALE

5001 Departure Dr Raleigh, NC 27616

Triangle Town Center Neighborhood

Estimated Value: $1,155,961

-- Bed
2 Baths
5,000 Sq Ft
$231/Sq Ft Est. Value

About This Home

This home is located at 5001 Departure Dr, Raleigh, NC 27616 and is currently priced at $1,155,961, approximately $231 per square foot. 5001 Departure Dr is a home located in Wake County with nearby schools including Abbotts Creek Elementary School, East Millbrook Middle, and Millbrook High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2025
Sold by
Nr Auto Store 108 Llc
Bought by
Sp Mai Auto Investor I Llc
Current Estimated Value
$1,155,961

Purchase Details

Closed on
Feb 20, 2025
Sold by
Aj Auto Holdings Llc
Bought by
Nr Auto Store 108 Llc

Purchase Details

Closed on
Jul 7, 2023
Sold by
Fannin Management Llc
Bought by
Aj Auto Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,608,900
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2007
Sold by
Ballance Henry Leigh and Ballance Mary L
Bought by
Fannin Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,000
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 2004
Sold by
Mid Atlantic Warehouse & Storage Llc
Bought by
Ballance Henry Leigh and Ballance Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2002
Sold by
Wake County Farm Bureau Inc
Bought by
Mid Atlantic Warehouse & Storage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.21%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

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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
Sp Mai Auto Investor I Llc $2,524,500 Fidelity National Title
Sp Mai Auto Investor I Llc $2,524,500 Fidelity National Title
Nr Auto Store 108 Llc $1,300,000 Fidelity National Title
Nr Auto Store 108 Llc $1,300,000 Fidelity National Title
Aj Auto Holdings Llc $1,025,000 None Listed On Document
Fannin Management Llc $670,000 None Available
Ballance Henry Leigh $600,000 --
Mid Atlantic Warehouse & Storage Llc $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aj Auto Holdings Llc $1,608,900
Previous Owner Aj Auto Holdings Llc $50,000
Previous Owner Fannin Management Llc $510,000
Previous Owner Fannin Management Llc $535,000
Previous Owner Fannin Management Llc $527,000
Previous Owner Ballance Henry Leigh $500,000
Previous Owner Mid Atlantic Warehouse & Storage Llc $400,000
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
2024 $9,072 $1,044,601 $194,453 $850,148
2023 $7,363 $675,498 $164,070 $511,428
2022 $6,839 $675,498 $164,070 $511,428
2021 $6,573 $675,498 $164,070 $511,428
2020 $6,452 $675,498 $164,070 $511,428
2019 $5,324 $459,436 $110,960 $348,476
2018 $5,020 $459,436 $110,960 $348,476
2017 $4,780 $459,436 $110,960 $348,476
2016 $4,681 $459,436 $110,960 $348,476
2015 $5,814 $561,422 $121,533 $439,889
2014 $5,512 $561,422 $121,533 $439,889
Source: Public Records

Map

North Carolina Wake County Raleigh 27616 Triangle Town Center

5001 Departure Dr, Raleigh, NC

This home is located at 5001 Departure Dr, Raleigh, NC 27616 and is currently priced at $1,155,961, approximately $231 per square foot. 5001 Departure Dr is a home located in Wake County with nearby schools including Abbotts Creek Elementary School, East Millbrook Middle, and Millbrook High School.

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