NOT LISTED FOR SALE

7316 Laketree Dr Raleigh, NC 27615

Estimated Value: $450,000 - $520,000

3 Beds
2.5 Baths
1,754 Sq Ft
$284/Sq Ft Est. Value

Last Sold January 20, 2023

Last sale price $465,000 $265 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,046/month

24 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Attic
  • West Millbrook Middle School Rated A-
  • Finished Attic
  • 1 Fireplace

About This Home

As of January 2023

Come check out this beautiful, newly renovated home! Gorgeous kitchen with large island, sunroom off the living room that leads to the big, fenced backyard! Great location, close to shopping, restaurants and 540! Office upstairs for lots of privacy! 2 full baths upstairs with walk in shower in owner's bath. XL 1 car garage with storage on second floor! Plenty of room for a car and workbench or storage. Make this your new home!

Last Agent to Sell the Property

Leslie Ward

Raleigh Realty Inc. License #283619 Listed on: 11/10/2022

Last Buyer's Agent

Frankie Guo

Monarch Realty Co. License #326881

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,108

Year Built

  • Built in 1981

Lot Details

  • 0.33 Acre Lot
  • Fenced Yard
  • Landscaped

Parking

  • 1 Car Garage
  • Private Driveway

Home Design

  • Traditional Architecture
  • Wood Siding

Interior Spaces

  • 1,754 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Blinds
  • Sun or Florida Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Electric Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Attic

  • Permanent Attic Stairs
  • Finished Attic
  • Unfinished Attic

Outdoor Features

  • Rain Gutters

Schools

  • North Ridge Elementary School
  • West Millbrook Middle School
  • Millbrook High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Association fees include unknown
  • Raintree Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,108

Year Built

Built in 1981

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1981
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Subdivision Name: Raintree
  • Above Grade Finished Sq Ft: 1754.0
  • Architectural Style: Traditional
  • 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 survey
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Wall Oven: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Main Level: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Architectural Style Traditional: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Room Types Sunroom: Yes
  • General Property Information Senior Community YN: No
  • Attic Features Unfinished2: Yes
  • General Property Information Above Grade Finished Area: 1754.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 14374.8
  • General Property Information Lot Size Acres: 0.33
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Walk-In Shower
  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Water Heater, Refrigerator, Wall Oven, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Cooktop: Yes
  • Attic Features:Walk-In Attic: Yes
  • Attic Features:Permanent Stairs: Yes
  • Attic Features:Finished2: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Fenced Yard, Rain Gutters
  • Acres: 0.33
  • Construction Type: Wood Siding
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Window Features:Blinds: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Concrete, Driveway, Garage
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • General Property Information:Garage Spaces: 1.0

Utilities

  • 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

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Millbrook
  • Middle Or Junior School: Wake - West Millbrook

Lot Info

  • Lot Dimensions: see survey
  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3108.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - North Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2022
Closed on
Jan 17, 2023
Sold by
Mehalick Melissa Lee
Bought by
Berg Alexandra Taylor and Cope Rebekah Elizabeth
Seller's Agent
Leslie Ward
Raleigh Realty Inc.
Buyer's Agent
Frankie Guo
Monarch Realty Co.
List Price
$460,000
Sold Price
$465,000
Premium/Discount to List
$5,000
1.09%
Views
18
Current Estimated Value
$498,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,018
Avg. Annual Appreciation
4.64%
Original Mortgage
$441,750
Outstanding Balance
$428,373
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$94,547

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jun 2, 2021
Sold by
Lockey Cameron T and Stevens Kristine C
Bought by
Mehalick Melissa Lee
Seller's Agent
Ralph Harvey
Listwithfreedom.com
Buyer's Agent
Lisa Rooney
Coldwell Banker HPW
List Price
$400,000
Sold Price
$415,000
Premium/Discount to List
$15,000
3.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$336,648
Interest Rate
2.9%
Mortgage Type
VA

Purchase Details

Closed on
Jan 22, 2019
Sold by
Mccauley Zoe and Kincheloe David Lee
Bought by
Lockey Cameron T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,763
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2010
Sold by
Howerton Joel S
Bought by
Mccauley Joseph F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,623
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2006
Sold by
Crane Matthew Richard and Crane Mary T
Bought by
Howerton Joel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2004
Sold by
Mullins Jason S
Bought by
Crane Matthew Richard and Sheridan Mary T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2003
Sold by
Naylor Jeffrey and Naylor Wendy W
Bought by
Mullins Jason S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Berg Alexandra Taylor $465,000 --
Mehalick Melissa Lee $415,000 None Available
Lockey Cameron T $255,000 None Available
Mccauley Joseph F $210,000 None Available
Howerton Joel S $212,000 None Available
Crane Matthew Richard $180,000 --
Mullins Jason S $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berg Alexandra Taylor $441,750
Previous Owner Mehalick Melissa Lee $336,648
Previous Owner Lockey Cameron T $223,763
Previous Owner Mccauley Joseph F $161,623
Previous Owner Howerton Joel S $122,000
Previous Owner Howerton Joel S $50,000
Previous Owner Howerton Joel S $122,000
Previous Owner Crane Matthew Richard $144,000
Previous Owner Mullins Jason S $175,000
Previous Owner Naylor Jeffrey A $108,000
Previous Owner Naylor Jeffrey A $25,000
Previous Owner Naylor Jeffrey A $97,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $465,000 -- --
12/15/2023 12/15/23 Off Market $415,000 -- --
01/20/2023 01/20/23 Sold $465,000 +1.1% $265 / Sq Ft
12/04/2022 12/04/22 Pending -- -- --
11/10/2022 11/10/22 For Sale $460,000 +10.8% $262 / Sq Ft
06/04/2021 06/04/21 Sold $415,000 +3.8% $255 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $400,000 -- $245 / 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 $3,993 $457,466 $180,000 $277,466
2023 $3,345 $305,003 $115,000 $190,003
2022 $3,108 $305,003 $115,000 $190,003
2021 $2,988 $305,003 $115,000 $190,003
2020 $2,933 $305,003 $115,000 $190,003
2019 $2,770 $237,305 $90,000 $147,305
2018 $2,613 $237,305 $90,000 $147,305
2017 $2,489 $237,305 $90,000 $147,305
2016 $2,438 $237,305 $90,000 $147,305
2015 $2,270 $217,265 $80,000 $137,265
2014 $2,153 $217,265 $80,000 $137,265
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2483231

Doorify MLS

APN: 1717.05-29-1740-000