NOT LISTED FOR SALE

562 E Martin St Raleigh, NC 27601

Olde East Raleigh Neighborhood

Estimated Value: $519,000 - $681,000

3 Beds
2.5 Baths
1,245 Sq Ft
$474/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $415,000 $333 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,461/month

2 Days on Market

Highlights

  • 0.21 Acre Lot
  • Transitional Architecture
  • High Ceiling
  • Root Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of May 2021

Beautiful 3 bedroom, 3 bathroom home in Raleigh! Amazing view of the Raleigh skyline from the upstairs windows. Large backyard with plenty of space to garden and entertain!

Last Agent to Sell the Property

Karl Stromberg

DASH Carolina License #310370 Listed on: 04/07/2021

DASH Carolina

Last Buyer's Agent

Ashley Hathaway

Aimee Anderson & Associates License #323815

Aimee Anderson & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,999

Year Built

  • Built in 2001

Lot Details

  • 9,148 Sq Ft Lot
  • Fenced Yard

Home Design

  • Transitional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,245 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Entrance Foyer
  • Living Room
  • Storage
  • Laundry on main level
  • Crawl Space
  • Scuttle Attic Hole

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathtub with Shower

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Garage
  • Front Facing Garage
  • Private Driveway

Outdoor Features

  • Covered Patio or Porch

Schools

  • Root Elementary School
  • Moore Square Museum Middle School
  • Sanderson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,999

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Year Built: 2001
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1245.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See Wake GIS
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Primary Bedroom Level: 2
  • Flooring Vinyl: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Utilities Cable Available: Yes
  • Attic Features Scuttle: Yes
  • General Property Information Above Grade Finished Area: 1245.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 9147.6
  • General Property Information Lot Size Acres: 0.21
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Ceilings, Pantry, Storage, Walk-In Closet(s)
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Total Bedrooms: 5
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Exterior Features: Fenced Yard
  • Acres: 0.21
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Covered, Patio, Porch
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Door Features:Storm Door(s): Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Available
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Sanderson
  • Middle Or Junior School: Wake - Moore Square Museum

Lot Info

  • Lot Dimensions: See Wake GIS
  • Lot Size Sq Ft: 9147.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2999.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Wake - Root

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
May 10, 2021
Sold by
Mahatha Roberta M
Bought by
Schiffer Adam and Hathaway Ashley Tindall
Seller's Agent
Karl Stromberg
DASH Carolina
Buyer's Agent
Ashley Hathaway
Aimee Anderson & Associates
List Price
$395,000
Sold Price
$415,000
Premium/Discount to List
$20,000
5.06%
Current Estimated Value
$590,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,172
Avg. Annual Appreciation
8.43%
Original Mortgage
$352,750
Outstanding Balance
$319,680
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$270,492

Purchase Details

Closed on
Dec 10, 2001
Sold by
R D Construction Inc
Bought by
Mahatha Roberta M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
6.6%

Purchase Details

Closed on
Apr 2, 2001
Sold by
City Of Raleigh
Bought by
R D Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,500
Interest Rate
7.02%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 18, 1999
Sold by
Sessoms Roger C
Bought by
City Of Raleigh
Source: Public Records

Range of Values:

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Schiffer Adam $415,000 None Available
Mahatha Roberta M $117,000 --
R D Construction Inc -- --
City Of Raleigh $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schiffer Adam $352,750
Previous Owner Mahatha Roberta M $96,300
Previous Owner Mahatha Roberta M $104,000
Previous Owner Mahatha Roberta M $89,300
Previous Owner Mahatha Roberta M $87,000
Previous Owner R D Construction Inc $13,500
Closed Mahatha Roberta M $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $415,000 -- --
05/17/2021 05/17/21 Sold $415,000 +5.1% $333 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $395,000 -- $317 / 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 $4,126 $470,812 $315,000 $155,812
2024 $4,109 $470,812 $315,000 $155,812
2023 $3,419 $311,875 $210,000 $101,875
2022 $3,178 $311,875 $210,000 $101,875
2021 $3,055 $311,875 $210,000 $101,875
2020 $2,999 $311,875 $210,000 $101,875
2019 $2,013 $171,961 $80,000 $91,961
2018 $1,899 $171,961 $80,000 $91,961
2017 $1,809 $171,961 $80,000 $91,961
2016 $1,772 $171,961 $80,000 $91,961
2015 $1,554 $148,175 $44,000 $104,175
2014 $1,475 $148,175 $44,000 $104,175
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Karl Stromberg

    DASH Carolina

    (910) 232-2171

    1 in this area

    136 Total Sales

    Karl Stromberg
    Section Image
  • Ashley Hathaway

    Buyer's Agent in 2021

    Ashley Hathaway

    Aimee Anderson & Associates

    (919) 618-1816

    1 in this area

    4 Total Sales

    Ashley Hathaway
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2376098

Doorify MLS

APN: 1703.36-97-7655-000

North Carolina Wake County Raleigh 27601 Olde East Raleigh

562 E Martin St, Raleigh, NC

This home is located at 562 E Martin St, Raleigh, NC 27601 since 07 April 2021 and is currently estimated at $590,172, approximately $474 per square foot. This property was built in 2001. 562 E Martin St is a home located in Wake County with nearby schools including Root Elementary School, Moore Square Museum Magnet Middle School, and Broughton Magnet High School.

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.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

Nearby Homes