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308 Rattan Bay Drive

308 Rattan Bay Drive, Raleigh, NC 27610
Property in Village Lakes
Sold Apr 16, 1997
$140,000
$142,200 by Americas Wholesale Lender
Mortgage Due Feb 01, 2036
308 Rattan Bay Drive in Raleigh, NC was first built in 1997 and is 27 years old. 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 2 full bathrooms. There are 2 partial bathrooms. 308 Rattan Bay Drive has 1,671 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 5,227 square feet.

Learn more about the property and building on this page. The home has a gable 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 260 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. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 308 Rattan Bay Drive sold most recently in Apr 16, 1997 for a total of $140,000. If you work out the math, that's approximately a cost of $83.78 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,083 in taxes each year. 308 Rattan Bay Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $203,720. If we break it down further, the land itself was valued at $35,000. Improvements to the property, however, were assessed at a total of $168,720. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 260
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,671
  • Building Area: 1,671
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,671
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: VILLAGE LAKES SUB
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO373 VILLAGE LAKES SUB PH9 BM1996-00864

Ownership

  • Current Owner : BOBBITT GWENDOLYN A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054106

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0225060
  • District: 17
  • Subdivision Phase Number: 9
  • Parcel: 1733.06-39-0502 0225060
  • Lot: 373
  • Municipality: ST MATTHEW'S
  • Latitude: 35.7811
  • Longitude: -78.5516

    Address

  • Full Address: 308 Rattan Bay Dr
  • Address - House Number: 308
  • Address - Street Name: Rattan Bay
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C028
  • 4-Digit Zip Code: 2260
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,083

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 363,330
  • High Value: 408,303
  • Low Value: 318,357

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $142,200
  • First Open Lien Mortgage Lender: AMERICAS WHOLESALE LENDER
  • First Open Lien Mortgage Recording Date: Jan 19, 2006
  • First Open Lien Mortgage Loan Amount: $142,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2036

    Market Valuation

  • Market Total Value: $203,720
  • Market Land Value: $35,000
  • Market Improvement Value: $168,720

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $203,720
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $168,720

    Sales

  • Current Sale Contract Date: Apr 16, 1997
  • Current Sale Recording Date: Apr 16, 1997
  • Current Sale Transaction ID: 1688880289
  • Current Sale Price: $140,000
  • Current Sale Document Type: Deed

About Southeast Raleigh



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Frequently Asked Questions

What neighborhood is 308 Rattan Bay Drive located in?
The 308 Rattan Bay Drive is a located in the neighborhood of Village Lakes in Southeast Raleigh, Raleigh.
What is the average sales price for listings in 308 Rattan Bay Drive?
The average sales price for units in 308 Rattan Bay Drive is $0 currently.

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