NOT LISTED FOR SALE

5508 Lake Garden Ct Raleigh, NC 27610

Southeast Raleigh Neighborhood

Estimated Value: $302,000 - $331,000

3 Beds
2 Baths
1,389 Sq Ft
$225/Sq Ft Est. Value

Sale Details

Date Sold: May 30, 2025

Last sale price $322,000 $232 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,883 / mo

About This Home

Welcome to this lovely 3-bedroom ranch home, nestled on a generous .55-acre lot in a peaceful cul-de-sac. Enjoy the serenity of this quiet neighborhood while being conveniently located near major highways 40, 440, 540, and 87. Step inside to discover an inviting space with updated flooring, fresh paint, and stunning granite countertops. The thoughtful floorplan features a large living area with a cozy fireplace, perfect for relaxing or entertaining. The spacious dining area offers plenty of room for family gatherings, and the split-bedroom layout ensures privacy for all. Outside, you'll find a charming deck with a shade covering—ideal for enjoying the outdoors year-round. Raised planter beds provide an opportunity to cultivate your own garden oasis. The expansive lot offers endless potential, with a small portion fenced for added convenience. You'll love being just 5 miles from downtown Raleigh and just 1 mile from the Neuse River Trail, a 27.5-mile stretch of paved path for endless recreation. Don't miss out on this wonderful home in an unbeatable location! No HOA! Washer, dryer, and refrigerator convey!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2025
Closed on
May 30, 2025
Sold by
Randolph Anthony and Spackey Marika
Bought by
Devan Shelby Madalyn and Christman Justin
Seller's Agent
Stacey Delgado
Redfin Corporation
Buyer's Agent
Nikki Colgan
Century 21 Triangle Group
List Price
$320,000
Sold Price
$322,000
Premium/Discount to List
$2,000
0.62%
Views
55
Current Estimated Value
$312,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,085
Avg. Annual Appreciation
-3.39%
Original Mortgage
$257,600
Outstanding Balance
$256,941
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$55,974

Purchase Details

Closed on
Sep 12, 2023
Sold by
Randolph Anthony S and Randolph Janice M
Bought by
Randolph Anthony S

Purchase Details

Closed on
Jul 16, 2020
Sold by
Baez Alexander and Baez Clarissa
Bought by
Randolph Anthony S and Kirwan Janice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2016
Sold by
Bslto Llc
Bought by
Baez Alexander and Baez Clarissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,464
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 28, 2015
Sold by
Simpson Andrew and Simpson Wanda T
Bought by
Us Bank Na

Purchase Details

Closed on
Mar 16, 2007
Sold by
Mcrae Tyrone
Bought by
Simpson Andrew and Simpson Wanda T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
10.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 23, 1999
Sold by
Washington Dc Secretary Of Housing & Urban De
Bought by
Mcrae Tyrone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,215
Interest Rate
7.67%

Purchase Details

Closed on
Nov 10, 1998
Sold by
Bolton Troy G
Bought by
Hud
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Devan Shelby Madalyn $322,000 None Listed On Document
Devan Shelby Madalyn $322,000 None Listed On Document
Randolph Anthony S -- None Listed On Document
Randolph Anthony S $209,000 None Available
Baez Alexander $148,000 None Available
Us Bank Na $98,600 None Available
Simpson Andrew $125,000 None Available
Mcrae Tyrone -- --
Hud $91,904 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devan Shelby Madalyn $257,600
Closed Devan Shelby Madalyn $257,600
Previous Owner Randolph Anthony S $187,200
Previous Owner Baez Alexander $137,464
Previous Owner Simpson Andrew $118,750
Previous Owner Mcrae Tyrone $95,215
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2025 05/30/25 Sold $322,000 +0.6% $232 / Sq Ft View Prior Sale
03/31/2025 03/31/25 Pending -- -- --
03/28/2025 03/28/25 For Sale $320,000 -- $230 / Sq Ft

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 $2,359 $268,216 $80,000 $188,216
2024 $2,349 $268,216 $80,000 $188,216
2023 $1,852 $168,068 $38,000 $130,068
2022 $1,722 $168,068 $38,000 $130,068
2021 $1,655 $168,068 $38,000 $130,068
2020 $1,625 $168,068 $38,000 $130,068
2019 $1,543 $131,397 $34,000 $97,397
2018 $1,456 $131,397 $34,000 $97,397
2017 $1,387 $131,397 $34,000 $97,397
2016 $1,359 $131,397 $34,000 $97,397
2015 $1,338 $127,275 $28,000 $99,275
2014 $1,270 $127,275 $28,000 $99,275
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2025

    Nikki Colgan

    Century 21 Triangle Group

    (919) 757-1687

    3 in this area

    60 Total Sales

    Nikki Colgan
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Map

North Carolina Wake County Raleigh 27610 Southeast Raleigh

5508 Lake Garden Ct, Raleigh, NC

Not Listed for Sale

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