NOT LISTED FOR SALE

516 E Lane St Raleigh, NC 27601

Oakwood Neighborhood

Estimated Value: $970,000 - $1,159,000

3 Beds
3 Baths
2,556 Sq Ft
$409/Sq Ft Est. Value

About This Home

This home is located at 516 E Lane St, Raleigh, NC 27601 and is currently estimated at $1,044,830, approximately $408 per square foot. 516 E Lane St is a home located in Wake County with nearby schools including Conn Elementary, Oberlin Middle School, and Broughton Magnet High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2020
Sold by
Cho Michael and Cho Kristen Leigh
Bought by
Riedlinger Sarah Lee and Riedlinger Benjamin L
Current Estimated Value
$1,044,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,900
Outstanding Balance
$447,999
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$596,831

Purchase Details

Closed on
Aug 18, 2009
Sold by
Cho Michael
Bought by
Cho Michael and Cho Kristen Leigh Johnson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2008
Sold by
Barbour Annie B and Barbour William R
Bought by
Cho Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,567
Interest Rate
6.02%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Riedlinger Sarah Lee $720,000 Investors Title Insurance Co
Cho Michael -- None Available
Cho Michael $217,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riedlinger Sarah Lee $503,900
Previous Owner Cho Michael $360,000
Previous Owner Cho Michael $351,567
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 $8,313 $950,918 $513,000 $437,918
2024 $8,279 $950,918 $513,000 $437,918
Source: Public Records

Map

North Carolina Wake County Raleigh 27601 Oakwood

516 E Lane St, Raleigh, NC

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.

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