NOT LISTED FOR SALE

505 E Lane St Raleigh, NC 27601

Oakwood Neighborhood

Estimated Value: $1,253,000 - $1,462,000

4 Beds
3.5 Baths
2,968 Sq Ft
$451/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $985,700 $332 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $7,922/month

248 Days on Market

Highlights

  • New Construction
  • The property is located in a historic district
  • Home Energy Rating Service (HERS) Rated Property
  • Conn Elementary Rated A-
  • ENERGY STAR Certified Homes
  • Traditional Architecture

About This Home

As of June 2021

Experience Historic Oakwood's downtown pristine lifestyle at 505 E. Lane St. Enjoy 1 of 3 NEW custom built Energy Star Cert. homes in this most desirable location! Classic 2-story boasts a downstairs guestroom, prof. kit w/island & butlers ptry, brkf. nook, fmly rm w/built ins, gas fp, sep dining/study, 2 sweet tea sippin' porches, master w/spa bath w/i shower, large w/i closet. Carriage path drive w/off street parking. Rare opportunity in this location! Rich in history, diverse in historic architecture!

Last Agent to Sell the Property

Donna Poupard

Realty One Group Greener Side License #177094 Listed on: 07/21/2020

Realty One Group Greener Side

Last Buyer's Agent

Sylvain Dufour

Keller Williams Realty License #304661

Keller Williams Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 5,140 Sq Ft Lot
  • Lot Dimensions are 51x104.65x42.64x99.88
  • Landscaped

Parking

  • Private Driveway

Home Design

  • Traditional Architecture
  • Frame Construction
  • Low Volatile Organic Compounds (VOC) Products or Finishes

Interior Spaces

  • 2,968 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Smooth Ceilings
  • Ceiling Fan
  • Gas Log Fireplace
  • Sealed Combustion
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Dining Room
  • Loft
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry on upper level

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Private Water Closet
  • Bathtub with Shower
  • Shower Only

Eco-Friendly Details

  • Home Energy Rating Service (HERS) Rated Property
  • Energy-Efficient Lighting
  • ENERGY STAR Certified Homes
  • Energy-Efficient Thermostat
  • No or Low VOC Paint or Finish
  • Ventilation

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Location

  • The property is located in a historic district

Schools

  • Conn Elementary School
  • Oberlin Middle School
  • Broughton High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • Built by Grayson Homes, LLC
  • Historic Oakwood Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Builder Name: Grayson Homes, LLC
  • Year Built: 2021
  • Prop. Type: Residential
  • Subdivision Name: Historic Oakwood
  • Above Grade Finished Sq Ft: 2968.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Lighting, Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 51x104.65x42.64x99.88
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features Water Closet: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2021-03-01
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Room Types Loft: Yes
  • Flooring Wood: Yes
  • Interior Features Shower Only: Yes
  • Remarks and Miscellaneous Syndication Remarks2: This is an entry only listing, please contact the builder directly with any questions and for showings (919)578-6222.
  • Construction Materials Low VOC PaintSealantVarnish: Yes
  • Green Building Verification Type ENERGY STAR Certified Homes: Yes
  • Green Indoor Air Quality Ventilation: Yes
  • Community Features Historical Area: Yes
  • Room Types Mud Room: Yes
  • Green Building Verification Type HERS Index Score: Yes
  • General Property Information Above Grade Finished Area: 2968.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 5140.08
  • General Property Information Lot Size Acres: 0.118
  • General Property Information:Living Area3: 2968.0
  • General Property Information Builder Name: Grayson Homes, LLC
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Wood
  • Interior Amenities: Bathtub/Shower Combination, Bookcases, Butler's Pantry, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Pantry, Shower Only, Smooth Ceilings, Walk-In Closet(s), Water Closet
  • Basement: Crawl Space
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Tankless Water Heater, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log, Sealed Combustion
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Sealed Combustion: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:Bookcases: Yes
  • Interior Features:Butler_squote_s Pantry: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.12
  • Construction Type: Fiber Cement, Low VOC Paint/Sealant/Varnish
  • Patio And Porch Features: Covered, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Historical Area
  • Association: No

Schools

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

Lot Info

  • Lot Dimensions: 51x104.65x42.64x99.88
  • Lot Size Sq Ft: 5140.08
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Indoor Air Qlty: Ventilation
  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes
  • Green Verification Rating: exp60

MLS Schools

  • Elementary School: Wake - Conn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2020
Closed on
Jun 1, 2021
Sold by
Oakwood Sanctuary Llc
Bought by
Thompson Brett
Seller's Agent
Donna Poupard
Realty One Group Greener Side
Buyer's Agent
Sylvain Dufour
Keller Williams Realty
List Price
$950,000
Sold Price
$985,700
Premium/Discount to List
$35,700
3.76%
Current Estimated Value
$1,338,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,586
Avg. Annual Appreciation
6.84%
Original Mortgage
$788,560
Outstanding Balance
$716,368
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$621,918
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thompson Brett $986,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Brett $788,560
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $985,700 -- --
06/01/2021 06/01/21 Sold $985,700 +3.8% $332 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
07/21/2020 07/21/20 For Sale $950,000 -- $320 / 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 $11,089 $1,269,180 $570,000 $699,180
2024 $11,043 $1,269,180 $570,000 $699,180
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Donna Poupard

    Realty One Group Greener Side

    (919) 801-5434

    3 in this area

    16 Total Sales

    Donna Poupard
    Section Image
  • Sylvain Dufour

    Buyer's Agent in 2021

    Sylvain Dufour

    Keller Williams Realty

    (305) 318-2724

    4 in this area

    115 Total Sales

    Sylvain Dufour
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2332256

Doorify MLS

APN: 1704.20-90-2442-000

North Carolina Wake County Raleigh 27601 Oakwood

505 E Lane St, Raleigh, NC

Not Listed for Sale

Detached

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