NOT LISTED FOR SALE

516 Oak Run Dr Raleigh, NC 27606

Cary Towne Center Neighborhood

Estimated Value: $249,000 - $285,312

2 Beds
2.5 Baths
1,247 Sq Ft
$212/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $255,000 $204 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,737/month

1 Day on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Reedy Creek Magnet Middle School Rated A
  • 1 Fireplace

About This Home

As of August 2022

Excellent upgraded interior finishes with new paint, granite coutertops in kitchen, new bathroom vanities and hot water heater. Great floor plan with Dining room and living room with fireplace. Minutes to NCSU, downtown Raleigh, Cary and convenient to I-40 . Home Warranty included.

Last Agent to Sell the Property

Erin Van Horn

BRAKEN LLC License #277853 Listed on: 07/12/2022

BRAKEN LLC

Last Buyer's Agent

Jeremy Kaplan

Compass -- Raleigh License #305976

Compass -- Raleigh

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,323

Year Built

  • Built in 1986

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 18x70x17

HOA Fees

  • $185 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,247 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Reedy Creek Elementary And Middle School
  • Athens Dr High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • Association fees include ground maintenance, maintenance structure
  • Oak Run Townhomes Subdivision

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,323

Year Built

Built in 1986

Lot Details

0

HOA Fees

$185 per month

Listing Details

  • Year Built: 1986
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Subdivision Name: Oak Run Townhomes
  • Above Grade Finished Sq Ft: 1247.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Townhouse
  • General Property Information Lot Size Dimensions: 18x70x17
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Structure Type Site Built: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Architectural Style Traditional: Yes
  • Flooring Laminate: Yes
  • General Property Information Above Grade Finished Area: 1247.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 1306.8
  • General Property Information Lot Size Acres: 0.03
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Hardwood, Laminate
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Total Bedrooms: 5
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.03
  • Construction Type: Fiber Cement
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

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

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 185.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • General Property Information:Association Fee: 185.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Athens Dr
  • Middle Or Junior School: Wake - Reedy Creek

Lot Info

  • Lot Dimensions: 18x70x17
  • Lot Size Sq Ft: 1306.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1323.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - Reedy Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2022
Closed on
Aug 8, 2022
Sold by
Marc W Rose Revocable Trust
Bought by
Gilchrist Patricia Lee
Seller's Agent
Erin Van Horn
BRAKEN LLC
Buyer's Agent
Jeremy Kaplan
Compass -- Raleigh
List Price
$249,900
Sold Price
$255,000
Premium/Discount to List
$5,100
2.04%
Current Estimated Value
$264,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,328
Avg. Annual Appreciation
1.13%
Original Mortgage
$135,000
Outstanding Balance
$129,259
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$135,069

Purchase Details

Closed on
Aug 30, 1996
Bought by
Rose Marc W
Source: Public Records

Range of Values:

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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
Gilchrist Patricia Lee $255,000 Horsley Law Firm Pa
Rose Marc W $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilchrist Patricia Lee $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $255,000 -- --
08/12/2022 08/12/22 Sold $255,000 +2.0% $204 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $249,900 -- $200 / 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 $2,019 $229,218 $55,000 $174,218
2024 $2,011 $229,218 $55,000 $174,218
2023 $1,480 $133,939 $34,000 $99,939
2022 $1,376 $133,939 $34,000 $99,939
2021 $1,323 $133,939 $34,000 $99,939
2020 $1,299 $133,939 $34,000 $99,939
2019 $1,302 $110,663 $33,000 $77,663
2018 $1,229 $110,663 $33,000 $77,663
2017 $1,171 $110,663 $33,000 $77,663
2016 $1,147 $110,663 $33,000 $77,663
2015 $1,119 $106,131 $31,000 $75,131
2014 -- $106,131 $31,000 $75,131
Source: Public Records

Agents Affiliated with this Home

  • Erin Van Horn

    Seller's Agent in 2022

    Erin Van Horn

    BRAKEN LLC

    (919) 268-2518

    1 in this area

    55 Total Sales

    Erin Van Horn
    Section Image
  • Jeremy Kaplan

    Buyer's Agent in 2022

    Jeremy Kaplan

    Compass -- Raleigh

    (215) 317-0248

    1 in this area

    69 Total Sales

    Jeremy Kaplan
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2461701

Doorify MLS

APN: 0773.08-88-8808-000

North Carolina Wake County Raleigh 27606 Cary Towne Center

516 Oak Run Dr, Raleigh, NC

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