1315 E Lane St

Raleigh, NC 27610

$1,475,000
Last Sold Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 4/10/23
Closed 4/10/23

Description

3 duplexes, 6 units total! 1315, 1401, and 1407 E Lane St. 1315 E Lane St Unit 102 is completely renovated. New LVP flooring and carpet throughout. Fresh coat of interior paint. Gorgeous granite countertops and new stainless steel appliances in kitchen. 1407 E Lane units are both 3 bed/2.5 bath. Unit 101 rents for $1,200 and 102 lease agreement signed for late Nov at $1,550. Both units occupied in 1401 E Lane. 101 is 3 bed/2.5 and rents for $1,250 and 102 is 4 bed/2.5 bath rented out for $1,350....3 duplexes, 6 units total! 1315, 1401, and 1407 E Lane St. 1315 E Lane St Unit 102 is completely renovated. New LVP flooring and carpet throughout. Fresh coat of interior paint. Gorgeous granite countertops and new stainless steel appliances in kitchen. 1407 E Lane units are both 3 bed/2.5 bath. Unit 101 rents for $1,200 and 102 lease agreement signed for late Nov at $1,550. Both units occupied in 1401 E Lane. 101 is 3 bed/2.5 and rents for $1,250 and 102 is 4 bed/2.5 bath rented out for $1,350. All current tenants are long-term.
  1. Listed by Paula Villalva • Clifton Property Investment

Property Details for 1315 East Lane Street

Subdivision
Not in a Subdivision
LISTING CLOSED: 04/10/2023 12:00 AM

Property Details for 1315 East Lane Street

StatusClosed
MLS #2480690
Taxes$3,110 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built2004
Lot Size0.57 AC / 24,829 SF
CountyWake County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Clifton Property Investment

Sold By Rich Realty Group

Add your commute

Building Information for 1315 East Lane Street

Stories-Residences6Year Built2004Building Size-Lot Size0.57 AC / 24,829 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$7,756 per month

30 year fixed, 6.55% Interest

Principal and Interest

$7,497

Property Taxes

$259

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1315 East Lane Street

Summary
Location and General Information
  • Directions: Starting on I-440 E, take exit 13A onto New Bern Ave toward Downtown. Turn right onto New Bern Ave. Turn right onto N Tarboro St. Turn right onto E Lane St. Parking lot on left.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.783372
  • Longitude: -78.620638
Taxes and HOA Information
  • Tax Lot: 2, 3, 4
  • Tax Annual Amount: $3,110.00
School Information
  • Elementary School: Wake County Schools
  • Middle Or Junior School: Wake County Schools
  • High School: Wake County Schools
Parking
  • Parking Features: Off Street
  • Carport: No
  • Garage: No
Property
Property and Assessments
  • New Construction: No
  • Photos Count: 15
  • Property Attached: Yes
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: City Sewer
  • Water Source: City Water
  • Water_Sewer: City Water, City Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl
  • Foundation Details: Slab
  • New Construction Type: Vinyl
Interior Features
  • Levels: Unit 1/2 Sty, Unit 2/2 Sty, Unit 3/2 Sty, Unit 4/2 Sty
  • Fireplace Y N: No
  • Flooring: Carpet
  • Cooling: Central Air
  • Cooling?: Yes
  • Heating: Electric
  • Heating?: Yes
  • Interior Features: 2.5 Baths, 3 Bedroom
  • Interior: Off Street, Vinyl
  • Equipment: Off Street
Multi Family
Unit Information
  • Total Units: 6
Agent
Sale and Listing
  • Property Class Name: MultiFamily
Rental
Rental Information
  • Lease Term: Month To Month

Property History for 1315 East Lane Street

DateEvent & SourcePriceAppreciation
Apr 10, 2023

Sold

TRIANGLEMLS #2480690

$1,475,000—
Apr 10, 2023

Sold

AMLS #2480690

$1,475,000—
Apr 10, 2023

Sold

TRIANGLEMLS #2480690

$1,475,000—
DateEvent & SourcePrice
04/10/2023

Sold

TRIANGLEMLS #2480690

$1,475,000
04/10/2023

Sold

AMLS #2480690

$1,475,000
04/10/2023

Sold

TRIANGLEMLS #2480690

$1,475,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1315 East Lane Street

Taxable ValueLand$225,000Additions$275,135Total$500,135
Tax Record2025$4,402 ($367 / month)
Home Facts
Total Finished SqFt2,560 SqFtAbove Grade Finished SqFt2,560 SqFtStories2Lot Size8,276 SqFtStyleDuplexYear Built2004ZoningR-10CountyWAKEAPN1714.18-20-5217 0314508

Schools near 1315 East Lane Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Powell Elementary
Public - PK to 5
Ligon Middle
Public - 6 to 8
Needham Broughton High
Public - 9 to 12
Phillips High
Public - 9 to 12
Rating
School
Distance
Powell Elementary
PublicPK to 5

Ligon Middle
Public6 to 8

Needham Broughton High
Public9 to 12

Phillips High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Nearby off-market homes

AddressSold priceBedsBathsSqftLot AC
1315 East Lane Street, Unit 2, Raleigh, NC 27610
$156,666
–
–
–
–
1311 East Lane Street, Raleigh, NC 27610
–
–
–
–
0.17
1309 East Lane Street, Raleigh, NC 27610
–
–
–
–
0.21
1411 East Lane Street, Raleigh, NC 27610
$86,500
–
1
1,107
0.12
1312 East Lane Street, Raleigh, NC 27610
$395,000
–
4
2,160
0.21

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Clifton Property Investment

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.