NOT LISTED FOR SALE

617 Velma Hopkins Ln Raleigh, NC 27603

Caraleigh Neighborhood

Estimated Value: $872,000 - $1,004,000

3 Beds
2.5 Baths
2,295 Sq Ft
$403/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $875,320 $381 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,392/month

About This Home

As of March 2024

Incredible location with walk ability to Brewery, food trucks, farmers market, pie shop , Dix .Close to Downtown and NCSU. Custom home with all the bells and whistles, site finished hardwood floors throughout the entire home, modern tile, upgraded cabinets, wood closets, Huge windows etc... Great views from rooftop terrace.

Last Agent to Sell the Property

Joe Alercia

RE/MAX United License #163402 Listed on: 01/10/2024

RE/MAX United

Last Buyer's Agent

Brent Henson

Compass -- Raleigh License #172086

Compass -- Raleigh

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,289

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • 2,295 Sq Ft Home
  • Frame Construction

Bedrooms and Bathrooms

  • 3 Bedrooms

Community Details

  • Built by Build Raleigh
  • Caraleigh Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1703210825

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,289

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Builder Name: Build Raleigh
  • Year Built: 2024
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: Caraleigh
  • Above Grade Finished Sq Ft: 2295.0
  • Garage Yn: No
  • New Construction: Yes
  • Effective Year Built: 2024
  • General Property Information Basement YN: No
  • Sewer:Public Sewer: Yes
  • Contract Information Estimated Completion Date: 2024-03-08
  • Property Condition Framed: Yes
  • General Property Information Enhanced Accessible2: No
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Water Available: Yes
  • General Property Information Above Grade Finished Area: 2295.0
  • Utilities Sewer Available: Yes
  • General Property Information Lot Size Square Feet2: 2178.0
  • General Property Information Lot Size Acres: 0.05
  • General Property Information Builder Name: Build Raleigh
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2024

Interior Features

  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Acres: 0.05
  • Construction Type: Fiber Cement
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: Concrete
  • Total Parking Spaces: 2.0
  • Parking Features:Concrete4: Yes
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking YN2: No

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available

Lot Info

  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 1703210825

Tax Info

  • Tax Annual Amount: 2289.0
  • Tax Year: 2023
  • Tax Map Number: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2024
Closed on
Mar 6, 2024
Sold by
A Squared Llc
Bought by
Phillips Matthew B and Phillips Jessica
Seller's Agent
Joe Alercia
RE/MAX United
Buyer's Agent
Brent Henson
Compass -- Raleigh
List Price
$865,400
Sold Price
$875,320
Premium/Discount to List
$9,920
1.15%
Views
78
Current Estimated Value
$925,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,428
Avg. Annual Appreciation
6.41%
Original Mortgage
$766,500
Outstanding Balance
$757,523
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$200,360

Purchase Details

Listed on
Feb 23, 2023
Closed on
Apr 28, 2023
Sold by
J & G Custom Builders Llc
Bought by
A Squared Llc
Seller's Agent
Richard Johnson
Cityspace Management
Buyer's Agent
Joe Alercia
RE/MAX United
List Price
$199,680
Sold Price
$199,680
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
457.59%
Original Mortgage
$466,500
Interest Rate
6.6%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Phillips Matthew B $875,500 None Listed On Document
A Squared Llc $225,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Matthew B $766,500
Previous Owner A Squared Llc $466,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $875,320 +1.1% $381 / Sq Ft
01/10/2024 01/10/24 Pending -- -- --
01/10/2024 01/10/24 For Sale $865,400 +333.4% $377 / Sq Ft
12/14/2023 12/14/23 Off Market $199,680 -- --
04/28/2023 04/28/23 Sold $199,680 0.0% $87 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $199,680 -- $87 / 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
2024 $5,748 $806,193 $325,000 $481,193
2023 $2,289 $210,000 $210,000 $0
2022 $2,126 $210,000 $210,000 $0
2021 $2,043 $210,000 $210,000 $0
2020 $2,006 $210,000 $210,000 $0
2019 $927 $80,000 $80,000 $0
2018 $874 $80,000 $80,000 $0
2017 $0 $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Joe Alercia

    Seller's Agent in 2024

    Joe Alercia

    RE/MAX United

    (919) 868-3972

    17 in this area

    264 Total Sales

    Section Image
  • Brent Henson

    Buyer's Agent in 2024

    Brent Henson

    Compass -- Raleigh

    (919) 272-3152

    2 in this area

    74 Total Sales

    Section Image

  • R

    Seller's Agent in 2023

    Richard Johnson

    Cityspace Management

    (919) 271-2062

    24 in this area

    29 Total Sales

    Section Image
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Map

Source: Doorify MLS

MLS Number: 10005393

Doorify MLS

APN: 1703.17-21-0825-000

North Carolina Wake County Raleigh 27603 Caraleigh

617 Velma Hopkins Ln, Raleigh, NC

This home is located at 617 Velma Hopkins Ln, Raleigh, NC 27603 since 10 January 2024 and is currently estimated at $925,748, approximately $403 per square foot. This property was built in 2024. 617 Velma Hopkins Ln is a home located in Wake County with nearby schools including Farmington Woods Elementary, Leroy Martin Magnet, and Broughton Magnet High School.

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