8514 Lakewood Drive

8514 Lakewood Drive in Raleigh, NC was first built in 1976 and is 48 years old. Although, the building on the property was most recently renovated and altered in 1990. 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. 8514 Lakewood Drive has 2,192 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 30,492 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 667 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. 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, 8514 Lakewood Drive sold most recently in Nov 26, 2021 for a total of $520,000. If you work out the math, that's approximately a cost of $237.23 per sqft. Before that, the property was also sold for $267,000 in Mar 29, 2006. 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 $2,605 in taxes each year. 8514 Lakewood Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $357,953. If we break it down further, the land itself was valued at $100,000. Improvements to the property, however, were assessed at a total of $257,953. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.