NOT LISTED FOR SALE

723 Lake Boone Trail Raleigh, NC 27607

Estimated Value: $1,280,000

5 Beds
4.5 Baths
4,374 Sq Ft
$293/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $989,899 $226 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $8,254/month

5 Days on Market

Highlights

  • Fitness Center
  • Two Primary Bedrooms
  • Traditional Architecture
  • Lacy Elementary Rated A
  • Deck
  • Wood Flooring

About This Home

As of June 2021

Fabulous Opportunity!Live on Lake Boone Trail! Million Dollar +homes up and down this sought after St. 2 Masters, 4.5 Baths, Rec.Bonus, Music Room, Exercise Room.2 Gr! Sold "as is" .Great Schools! Perfect Multi-Generation Home! Fabulous Potential for remodel or build home of your dreams! Large Lot! Private Deck! 2 Hot Water Tanks, 1 Tankless.

Last Agent to Sell the Property

Debbie Cobb

RE/MAX United Listed on: 03/22/2021

RE/MAX United

Last Buyer's Agent

Gretchen Coley

Compass -- Raleigh License #209948

Compass -- Raleigh

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,714

Year Built

  • Built in 1950

Lot Details

  • 0.59 Acre Lot
  • Landscaped

Parking

  • 2 Car Garage
  • Parking Pad
  • Basement Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Brick Foundation

Interior Spaces

  • 1-Story Property
  • Fireplace Features Masonry
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Office
  • Bonus Room
  • Storage
  • Electric Dryer Hookup
  • Utility Room
  • Home Gym
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • Shower Only

Attic

  • Attic Floors
  • Permanent Attic Stairs
  • Unfinished Attic

Finished Basement

  • Heated Basement
  • Interior and Exterior Basement Entry
  • Workshop
  • Laundry in Basement
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Porch

Schools

  • Lacy Elementary School
  • Oberlin Middle School
  • Broughton High School

Utilities

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

Community Details

Overview

  • No Home Owners Association
  • Budleigh Subdivision

Recreation

  • Fitness Center

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,714

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1950
  • Prop. Type: Residential
  • Subdivision Name: Budleigh
  • Above Grade Finished Sq Ft: 3374.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 294.0
  • General Property Information Total Unfinished Area2: 294.0
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Association Fee Required YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Bedroom 4 Level: M
  • Room Types Bonus Room: Yes
  • Room Types Den2: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Vinyl: Yes
  • Interior Features LivingDining Room Combination: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Room Types Bedroom 5 Level: M
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Flooring Wood: Yes
  • Interior Features Shower Only: Yes
  • Utilities Cable Available: Yes
  • Security Features Security System: Yes
  • General Property Information Senior Community YN: No
  • Basement Heated3: Yes
  • Basement Workshop3: Yes
  • Foundation Details BrickMortar: Yes
  • Laundry Features In Basement: Yes
  • Attic Features Unfinished2: Yes
  • Interior Features Second Primary Bedroom: Yes
  • Room Types Mud Room: Yes
  • Room Types Exercise Room: Yes
  • General Property Information Above Grade Finished Area: 3374.0
  • General Property Information Below Grade Finished Area: 1000.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 25700.4
  • General Property Information Lot Size Acres: 0.59
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Combination, Hardwood, Vinyl, Wood
  • Interior Amenities: Eat-in Kitchen, Entrance Foyer, In-Law Floorplan, Living/Dining Room Combination, Pantry, Primary Downstairs, Second Primary Bedroom, Shower Only, Storage, Walk-In Closet(s), Other
  • Basement: Daylight, Exterior Entry, Finished, Heated, Interior Entry, Partially Finished, Workshop
  • Appliances: Dishwasher, Electric Cooktop, Electric Range, Gas Water Heater, Tankless Water Heater
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1000.0
  • Fireplace Features: Living Room, Masonry
  • Fireplaces: 1
  • Total Bedrooms: 11
  • Appliances Dishwasher: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Masonry: Yes
  • Basement:Daylight: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Basement:Partially Finished: Yes
  • Fireplace Features:Living Room: Yes
  • Attic Features:Floored: Yes
  • Basement Finished: Yes
  • Interior Features:In-Law Floorplan: Yes
  • Attic Features:Permanent Stairs: Yes
  • Community Features:Fitness Center2: Yes
  • Interior Features:Other17: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.59
  • Construction Type: Brick Veneer, Fiber Cement
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Deck, Porch
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Brick Veneer: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Asphalt, Basement, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Rear, Parking Pad
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Asphalt2: Yes
  • Parking Features:Parking Pad: Yes
  • Parking Features:Basement2: Yes
  • Parking Features:Garage Faces Rear: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Fitness Center
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Dimensions: 0
  • Lot Size Sq Ft: 25700.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7714.0

MLS Schools

  • Elementary School: Wake - Lacy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
Jun 23, 2021
Sold by
Gatton Ouita and Gatton John
Bought by
Colanco Development Llc
Seller's Agent
Debbie Cobb
RE/MAX United
Buyer's Agent
Gretchen Coley
Compass -- Raleigh
List Price
$989,899
Sold Price
$989,899
Current Estimated Value
$1,280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,101
Original Mortgage
$742,000
Outstanding Balance
$680,504
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 10, 2010
Sold by
Davis Patsy H
Bought by
Davis Ouita Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 1, 1971
Bought by
Davis Patsy H and Davis Ouita Renee
Source: Public Records

Range of Values:

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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
Colanco Development Llc $990,000 None Available
Davis Ouita Renee -- None Available
Davis Patsy H $37,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colanco Development Llc $742,000
Previous Owner Gatton Ouita Davis $127,600
Previous Owner Davis Ouita Renee $160,000
Previous Owner Davis Ouita Renee $80,000
Previous Owner Davis Patsy H $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $989,899 -- --
06/30/2021 06/30/21 Sold $989,899 0.0% $226 / Sq Ft
03/27/2021 03/27/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $989,899 -- $226 / 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
2021 $7,857 $805,496 $495,000 $310,496
2020 $7,714 $805,496 $495,000 $310,496
2019 $7,014 $603,538 $303,025 $300,513
2018 $6,614 $603,538 $303,025 $300,513
2017 $6,299 $603,538 $303,025 $300,513
2016 $6,169 $603,538 $303,025 $300,513
2015 $5,938 $571,468 $325,910 $245,558
2014 -- $571,468 $325,910 $245,558
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Debbie Cobb

    RE/MAX United

    Section Image
  • Gretchen Coley

    Buyer's Agent in 2021

    Gretchen Coley

    Compass -- Raleigh

    (919) 526-0401

    1,068 Total Sales

    Gretchen Coley
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2373359

Doorify MLS

APN: 0795.20-71-5960-000

North Carolina Wake County Raleigh 27607

723 Lake Boone Trail, Raleigh, NC

This home is located at 723 Lake Boone Trail, Raleigh, NC 27607 since 22 March 2021 and is currently priced at $1,280,000, approximately $292 per square foot. This property was built in 1950. 723 Lake Boone Trail is a home located in Wake County with nearby schools including Lacy Elementary, Leroy Martin Magnet, and Broughton Magnet High School.

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