NOT LISTED FOR SALE

615 W Peace St Unit 408 Raleigh, NC 27605

Hillsborough Neighborhood

Estimated Value: $557,669 - $560,000

2 Beds
3 Baths
1,239 Sq Ft
$310/mo HOA Fee

Last Sold June 14, 2024

Last sale price $607,722 $490 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,794/month

Highlights

  • New Construction
  • Contemporary Architecture
  • Loft
  • Wiley Elementary Rated A-
  • Main Floor Primary Bedroom
  • 5-minute walk to Fred Fletcher Park

About This Home

As of June 2024

615 Peace is a collection of modern, luxury condos coming soon to Glenwood South in Downtown Raleigh. These contemporary homes contrast the historical, familiar feel of bold brick architecture with the sleek stylings of a new construction space. With two-bedroom plans, a balcony, access to three rooftop terraces, and sleek styling come standard, select units include mezzanine spaces with double-height ceilings + private rooftop spaces. Experience an unparalleled Downtown lifestyle - #SeeYouat615!

Last Agent to Sell the Property

Johnny Chappell

Compass -- Raleigh License #267248 Listed on: 01/25/2021

Compass -- Raleigh

Co-Listed By

Maggie Sparling

Compass -- Raleigh License #282646

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $96,777

Year Built

  • Built in 2022 | New Construction

Lot Details

  • End Unit
  • Landscaped

HOA Fees

  • $310 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Transitional Architecture
  • Modernist Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,239 Sq Ft Home
  • 1.5-Story Property
  • Smooth Ceilings
  • Combination Dining and Living Room
  • Loft

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Shower Only
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Electric Dryer Hookup

Home Security

Parking

  • Garage
  • On-Street Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Washer and Dryer

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat

Outdoor Features

  • Patio

Schools

  • Wiley Elementary School
  • Oberlin Middle School
  • Broughton High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure, sewer, storm water maintenance, trash, water
  • 24 Units
  • 615 Peace St Subdivision, 2A + Mezzanine Floorplan

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$96,777

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$310 per month

Listing Details

  • Builder Model: 2A + Mezzanine
  • Year Built: 2022
  • Prop. Type: Residential
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Storm Water Maintenance, Trash, Water
  • Co List Office Mls Id: 75688
  • Co List Office Phone: 919-726-6548
  • Subdivision Name: 615 Peace St
  • Above Grade Finished Sq Ft: 1239.0
  • Architectural Style: Contemporary, Modern, Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: Yes
  • Efficiency: Lighting, Thermostat
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: 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
  • Contract Information Estimated Completion Date: 2023-12-01
  • Flooring Carpet: Yes
  • Interior Features Smooth Ceilings: Yes
  • Property Condition Framed: No
  • Room Types Primary Bedroom Level: Main
  • Flooring Vinyl: Yes
  • Interior Features LivingDining Room Combination: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Room Types Loft: Yes
  • Appliances Refrigerators: Yes
  • Interior Features Shower Only: Yes
  • Utilities Cable Available: Yes
  • Levels One and One Half: Yes
  • Common Walls End Unit: Yes
  • Architectural Style Contemporary: Yes
  • Architectural Style Modernist: Yes
  • General Property Information Above Grade Finished Area: 1239.0
  • General Property Information Carport YN: No
  • General Property Information Builder Model: 2A + Mezzanine
  • Special Features: 4098
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Living/Dining Room Combination, Primary Downstairs, Quartz Counters, Shower Only, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
  • Appliances: Dishwasher, Electric Water Heater, ENERGY STAR Qualified Appliances, Gas Range, Microwave, Plumbed For Ice Maker, Range Hood, Refrigerator, Self Cleaning Oven
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Appliances:Gas Range: Yes

Exterior Features

  • Common Walls: End Unit
  • Construction Type: Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Accessibility Features:Accessible WasherDryer: Yes
  • Lot Features:Landscaped: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Brick: Yes
  • Accessibility Features:Accessible Elevator Installed: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned, Garage, On Street
  • Parking Features:Garage: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Assigned: Yes

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 310.1
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Fee Includes:Sewer: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 310.1
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: 0

Green Features

  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes

Multi Family

  • Number Of Units Total: 24

MLS Schools

  • Elementary School: Wake - Wiley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Jun 25, 2024
Sold by
615 Peace St Llc
Bought by
Prime Asset Management Llc
Seller's Agent
Johnny Chappell
Compass -- Raleigh
Buyer's Agent
Non Member
Non Member Office
List Price
$590,000
Sold Price
$607,722
Premium/Discount to List
$17,722
3%
Current Estimated Value
$558,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,887
Avg. Annual Appreciation
-5.90%
Original Mortgage
$300,000
Outstanding Balance
$295,959
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$262,876

Purchase Details

Listed on
Jan 25, 2021
Closed on
Jun 24, 2024
Sold by
615 Peace St Llc
Bought by
Ohara Living Trust and Woodlicf
Seller's Agent
Johnny Chappell
Compass -- Raleigh
Buyer's Agent
Non Member
Non Member Office
List Price
$590,000
Sold Price
$607,722
Premium/Discount to List
$17,722
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$295,959
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$262,876

Purchase Details

Listed on
Jan 25, 2021
Closed on
Jun 13, 2024
Sold by
615 Peace St Llc
Bought by
Tangirala Ravi Kiran and Tangirala Nagalakshmi Sailaja
Seller's Agent
Johnny Chappell
Compass -- Raleigh
Buyer's Agent
Non Member
Non Member Office
List Price
$590,000
Sold Price
$607,722
Premium/Discount to List
$17,722
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$295,959
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$262,876

Purchase Details

Listed on
Jan 25, 2021
Closed on
May 30, 2024
Sold by
615 Peace St Llc
Bought by
Fields Christine C and Neal Jake
Seller's Agent
Johnny Chappell
Compass -- Raleigh
Buyer's Agent
Non Member
Non Member Office
List Price
$590,000
Sold Price
$607,722
Premium/Discount to List
$17,722
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$295,959
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$262,876

Purchase Details

Listed on
Jan 25, 2021
Closed on
May 28, 2024
Sold by
615 Peace St Llc
Bought by
Sparling Margaret Mae
Seller's Agent
Johnny Chappell
Compass -- Raleigh
Buyer's Agent
Non Member
Non Member Office
List Price
$590,000
Sold Price
$607,722
Premium/Discount to List
$17,722
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$295,959
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$262,876

Purchase Details

Listed on
Jan 25, 2021
Closed on
May 20, 2024
Sold by
615 Peace St Llc
Bought by
Williams Thomas Miles
Seller's Agent
Johnny Chappell
Compass -- Raleigh
Buyer's Agent
Non Member
Non Member Office
List Price
$590,000
Sold Price
$607,722
Premium/Discount to List
$17,722
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$295,959
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$262,876
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
Prime Asset Management Llc $651,500 Keystone Title
Prime Asset Management Llc $611,500 Keystone Title
Prime Asset Management Llc $651,500 Keystone Title
Prime Asset Management Llc $611,500 Keystone Title
Prime Asset Management Llc $651,500 Keystone Title
Prime Asset Management Llc $611,500 Keystone Title
Ohara Living Trust $476,000 Allied Title Group Llc
Ohara Living Trust $476,000 Allied Title Group Llc
Ohara Living Trust $476,000 Allied Title Group Llc
Ohara Living Trust $476,000 Allied Title Group Llc
Ohara Living Trust $476,000 Allied Title Group Llc
Ohara Living Trust $476,000 Allied Title Group Llc
Tangirala Ravi Kiran $471,000 Allied Title Group Llc
Tangirala Ravi Kiran $471,000 Allied Title Group Llc
Nunna Shrikar $461,000 Allied Title Group Llc
Nunna Shrikar $461,000 Allied Title Group Llc
Tangirala Ravi Kiran $471,000 Allied Title Group Llc
Tangirala Ravi Kiran $471,000 Allied Title Group Llc
Nunna Shrikar $461,000 Allied Title Group Llc
Nunna Shrikar $461,000 Allied Title Group Llc
Tangirala Ravi Kiran $471,000 Allied Title Group Llc
Tangirala Ravi Kiran $471,000 Allied Title Group Llc
Nunna Shrikar $461,000 Allied Title Group Llc
Nunna Shrikar $461,000 Allied Title Group Llc
Fields Christine C $506,000 Allied Title Group Llc
Fields Christine C $506,000 Allied Title Group Llc
Fields Christine C $506,000 Allied Title Group Llc
Fields Christine C $506,000 Allied Title Group Llc
Fields Christine C $506,000 Allied Title Group Llc
Fields Christine C $506,000 Allied Title Group Llc
Sparling Margaret Mae $380,500 Allied Title Group Llc
Sparling Margaret Mae $380,500 Allied Title Group Llc
Hayashi Llanes Pedro A $474,500 Allied Title Group Llc
Hayashi Llanes Pedro A $474,500 Allied Title Group Llc
Muylle Michel Serge $643,000 Allied Title Group Llc
Muylle Michel Serge $643,000 Allied Title Group Llc
Sparling Margaret Mae $380,500 Allied Title Group Llc
Sparling Margaret Mae $380,500 Allied Title Group Llc
Hayashi Llanes Pedro A $474,500 Allied Title Group Llc
Hayashi Llanes Pedro A $474,500 Allied Title Group Llc
Muylle Michel Serge $643,000 Allied Title Group Llc
Muylle Michel Serge $643,000 Allied Title Group Llc
Sparling Margaret Mae $380,500 Allied Title Group Llc
Sparling Margaret Mae $380,500 Allied Title Group Llc
Hayashi Llanes Pedro A $474,500 Allied Title Group Llc
Hayashi Llanes Pedro A $474,500 Allied Title Group Llc
Muylle Michel Serge $643,000 Allied Title Group Llc
Muylle Michel Serge $643,000 Allied Title Group Llc
Williams Thomas Miles $608,000 Allied Title Group Llc
Williams Thomas Miles $608,000 Allied Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nunna Shrikar $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2024 06/14/24 Sold $607,722 +3.0% $490 / Sq Ft
12/15/2023 12/15/23 Off Market $590,000 -- --
06/18/2021 06/18/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $590,000 -- $476 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
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 $96,777 -- -- --
2024 $96,777 $0 $0 $0
2023 $52,563 $4,497,915 $2,257,056 $2,240,859
2022 $20,258 $1,868,290 $1,395,294 $472,996
2021 $14,190 $1,395,294 $1,395,294 $0
2020 $15,685 $1,569,768 $1,569,768 $0
2019 $11,467 $938,568 $938,568 $0
2018 $10,845 $938,568 $938,568 $0
2017 $0 $942,750 $938,568 $4,182
2016 $10,198 $942,750 $938,568 $4,182
2015 $8,787 $788,691 $784,100 $4,591
2014 $8,363 $788,691 $784,100 $4,591
Source: Public Records

Agents Affiliated with this Home

  • Johnny Chappell

    Seller's Agent in 2024

    Johnny Chappell

    Compass -- Raleigh

    (919) 737-2247

    65 in this area

    869 Total Sales

    Johnny Chappell
    Section Image
  • Maggie Sparling

    Seller Co-Listing Agent in 2024

    Maggie Sparling

    Compass -- Raleigh

    (919) 465-5925

    37 in this area

    91 Total Sales

    Maggie Sparling
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    Non Member Office

See All Agents

Map

Source: Doorify MLS

MLS Number: 2390748

Doorify MLS

APN: 1704.18-42-2076-000

North Carolina Wake County Raleigh 27603 Hillsborough

615 W Peace St Unit 408, Raleigh, NC

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