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2517 Medway Drive

2517 Medway Drive, Raleigh, NC 27608
Property in Oxford Park
Sold Nov 12, 2021
$1,400,000
$1,120,000 by First Heritage Mortgage Llc
Mortgage Due Dec 01, 2051
Sold Dec 29, 2016
$380,000
2517 Medway Drive in Raleigh, NC was first built in 1957 and is 67 years old. Although, the building on the property was most recently renovated and altered in 2017. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2517 Medway Drive has 3,946 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 14,375 square feet.

Learn more about the property and building on this page. The home has a hip style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 600 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 12, 2021 for $1,400,000. That's $354.79 per sqft. Prior to that sales transaction, the property was also sold in Dec 29, 2016 for $380,000. 2517 Medway Drive was last assessed in 2023. The total value of the property was assessed at $892,480. Specifically, the land the property is located on was valued at $435,000. While improvements on the property were assessed at a total of $457,480. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $9,748. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 2017
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 600
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 3,946
  • Building Area: 3,946
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,946
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: OXFORD PARK
  • Land Acres: 0.33
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO25 OXFORD PARK BM1956-00116

Ownership

  • Current Owner : HYLANDER SARAH
  • Current Owner 2: HYLANDER DAVID
  • Previous Owner : SCHRAGE EDWARD J
  • Previous Owner 2: SCHRAGE JENNIFER G
  • Owner Before Previous Owner: ROSE BRIAN J
  • Owner Before Previous Owner 2: ROSE MARY FRANCES
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051800

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: BK 1956 PG 116
  • Account Number: 0067609
  • District: 01
  • Parcel: 1705.20-82-2018 0067609
  • Lot: 25
  • Municipality: RALEIGH
  • Latitude: 35.8159
  • Longitude: -78.6349

    Address

  • Full Address: 2517 Medway Dr
  • Address - House Number: 2517
  • Address - Street Name: Medway
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C009
  • 4-Digit Zip Code: 1614
  • Zip Code: 27608

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,748

    Appraisal Valuation

  • Standard Deviation: 0.0681
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 96
  • Final Value: 1,588,286
  • High Value: 1,696,533
  • Low Value: 1,480,039

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,120,000
  • First Open Lien Mortgage Lender: FIRST HERITAGE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Nov 12, 2021
  • First Open Lien Mortgage Loan Amount: $1,120,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $892,480
  • Market Land Value: $435,000
  • Market Improvement Value: $457,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $892,480
  • Assessed Land Value: $435,000
  • Assessed Improvements Value: $457,480

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Transaction ID: 11864720721
  • Current Sale Price: $1,400,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 29, 2016
  • Previous Sale Contract Date: Dec 29, 2016
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HERITAGE MORTGAGE LLC
  • First Mortgage Transaction Date: Nov 12, 2021
  • First Mortgage Loan Amount: $1,120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

About University



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2517 Medway Drive located in?
The 2517 Medway Drive is a located in the neighborhood of Oxford Park in University, Raleigh.
What is the average sales price for listings in 2517 Medway Drive?
The average sales price for units in 2517 Medway Drive is $0 currently.

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