NOT LISTED FOR SALE

1305 Silver Beach Way Raleigh, NC 27606

Crossroads Neighborhood

Estimated Value: $497,154 - $558,000

3 Beds
2.5 Baths
1,925 Sq Ft
$277/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $550,000 $286 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,462/month

1 Day on Market

Highlights

  • 30 Feet of Waterfront
  • Fishing
  • Community Lake
  • Community Beach Access
  • Craftsman Architecture
  • Wood Flooring

About This Home

As of November 2024

Charming lakefront 3-bedroom, 2.5-bathroom home on Silver Lake, complete with a 2-car garage and an unfinished walk-out basement already plumbed for an additional bathroom. This home is perfect for relaxation or entertaining, the deck provides a serene space overlooking the water, and the basement offers endless potential for creating a custom lakefront retreat.

Last Listed By

Ryan Ford

Southern Realty Group Inc. License #294378 Listed on: 10/09/2024

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,338

Year Built

  • Built in 2011

Lot Details

  • 2,178 Sq Ft Lot
  • 30 Feet of Waterfront
  • Lake Front
  • End Unit

HOA Fees

  • $119 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Craftsman Architecture
  • Brick or Stone Mason
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding
  • Stone

Interior Spaces

  • 1,925 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Pull Down Stairs to Attic
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Stubbed For A Bathroom

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Central Air
  • Heat Pump System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0782077307

Community Details

Overview

  • Association fees include ground maintenance, storm water maintenance, unknown
  • Silver Lake Master HOA, Phone Number (919) 461-0102
  • Silver Lake Bluffs HOA
  • Silver Lake Bluffs Subdivision
  • Maintained Community
  • Community Lake
  • Pond Year Round

Recreation

  • Community Beach Access
  • Community Pool
  • Fishing

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,338

Year Built

Built in 2011

Lot Details

0

HOA Fees

$119 per month

Parking

2

Listing Details

  • Year Built: 2011
  • Prop. Type: Residential
  • Road Frontage Type: Waterfront
  • Reso Association Fee Includes: Maintenance Grounds, Storm Water Maintenance, Unknown
  • Subdivision Name: Silver Lake Bluffs
  • Above Grade Finished Sq Ft: 1925.0
  • Architectural Style: Craftsman
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Townhouse
  • General Property Information Below Grade Unfinished Area: 1029.0
  • General Property Information Total Unfinished Area2: 1029.0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Flooring Vinyl: Yes
  • Appliances Refrigerators: Yes
  • Flooring Wood: Yes
  • Architectural Style Craftsman: Yes
  • General Property Information Association Phone: 919-461-0102
  • Common Walls End Unit: Yes
  • General Property Information Association Name 2: Silver Lake Bluffs HOA
  • Foundation Details Block3: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Water Frontage Length2: 30.0
  • General Property Information Monthly Association Fees2: 138.0
  • Roof:Shingle: Yes
  • Lot Water Features Waterfront3: Yes
  • General Property Information Above Grade Finished Area: 1925.0
  • Foundation Details PillarPostPier: Yes
  • General Property Information Lot Size Square Feet2: 2178.0
  • General Property Information Lot Size Acres: 0.05
  • Frontage Type Waterfront4: Yes
  • General Property Information Stories2: 2
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile, Vinyl, Wood
  • Basement: Bath/Stubbed, Unfinished, Walk-Out Access
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Community Features:Pool2: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Gas4: Yes
  • Basement:Unfinished: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Fireplace Features:Fireplaces Total: 1
  • Appliances:WasherDryer: Yes
  • Community Features:Lake: Yes
  • Basement:Walk-Out Access: Yes
  • Community Features:Fishing: Yes
  • Basement:BathStubbed: Yes

Exterior Features

  • Water Body Name: Silver Lake
  • Roof: Shingle
  • Acres: 0.05
  • Waterfront Features: Lake Front, Waterfront
  • Waterfront: Yes
  • Common Walls: End Unit
  • Construction Type: Stone, Vinyl Siding
  • Foundation Details: Block, Pillar/Post/Pier
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Stone: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Waterfront2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking: No
  • Total Parking Spaces: 2.0
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking YN2: No

Utilities

  • Heating: Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Fishing, Lake, Pool
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 356.0
  • Association Fee Frequency: Quarterly
  • Association: Silver Lake Bluffs HOA
  • Association Name: Silver Lake Master HOA
  • Phone: 919-461-0102
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Silver Lake Master HOA
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Amenities:Pond Year Round: Yes
  • Association Amenities:Beach Access: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 356.0
  • General Property Information:Association Fee Frequency: Quarterly
  • General Property Information:Association Fee 2 Frequency: Monthly

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0782077307
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4338.18
  • Tax Year: 2024
  • Tax Map Number: 54

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2024
Closed on
Nov 4, 2024
Sold by
Struve Paul Steven and Struve Terry
Bought by
Silver Beach Nc Llc
Seller's Agent
Ryan Ford
Southern Realty Group Inc.
Buyer's Agent
Rachel Ting
Keller Williams Legacy
List Price
$510,000
Sold Price
$550,000
Premium/Discount to List
$40,000
7.84%
Total Days on Market
1
Views
4
Current Estimated Value
$534,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,961
Avg. Annual Appreciation
-7.80%

Purchase Details

Closed on
Jun 23, 2011
Sold by
M/I Homes Of Raleigh Llc
Bought by
Struve Paul S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,600
Interest Rate
4.65%
Mortgage Type
New Conventional

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
Silver Beach Nc Llc $550,000 None Listed On Document
Silver Beach Nc Llc $550,000 None Listed On Document
Struve Paul S $271,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Struve Paul S $257,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $550,000 +7.8% $286 / Sq Ft
10/10/2024 10/10/24 Pending -- -- --
10/09/2024 10/09/24 For Sale $510,000 -- $265 / 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 $4,339 $497,255 $120,000 $377,255
2023 $4,022 $367,151 $96,900 $270,251
2022 $3,737 $367,151 $96,900 $270,251
2021 $3,592 $367,151 $96,900 $270,251
2020 $3,527 $367,151 $96,900 $270,251
2019 $3,446 $295,615 $71,400 $224,215
2018 $3,250 $295,615 $71,400 $224,215
2017 $3,095 $295,615 $71,400 $224,215
2016 $0 $295,615 $71,400 $224,215
2015 -- $266,100 $64,600 $201,500
2014 -- $266,100 $64,600 $201,500
Source: Public Records

Agents Affiliated with this Home

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Source: Doorify MLS

MLS Number: 10057192

Doorify MLS

APN: 0782.09-07-7307-000