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5309 Fair Rain Dr; Raleigh, NC Property Details

5309 Fair Rain Dr, Raleigh, NC is a Single Family that was built in 2003. This property is currently Financed and is not for sale. Our records show that 5309 Fair Rain Dr has 3 bedrooms, and 3.5 bathrooms, and a total of 2,237 square feet. The lot size of 5309 Fair Rain Dr is 3,485 square feet.

Off market
5309 Fair Rain Dr Raleigh, NC 27616
$368,200 Listing Price
3 Beds
3.5 Baths
2,237 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 2003
  • Purchase Price: $368,500
  • Open Loans / Balance: 1 / $299,294
  • Est. Equity / %: $65,706 / 18%
  • Gross Yield: 6.94%
  • APN: 1737.05-29-3255-000
  • Situs County: Wake
  • Length Of Ownership: 4 years, 7 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 3.5
  • Full Bathrooms: 3
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 1.5
  • Building Quality: C
  • Roof Type: Gable
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 2,237/SqFt
  • Lot: 3,485/SqFt
  • Gross: 2,237/SqFt
  • Garage: 161/SqFt
  • Living: 2,237/SqFt
  • Building: 2,237/SqFt
  • Garage Unfinished: 161/SqFt
  • Price Per Square Foot: $164.73

Legal Description

  • Description: LO46 RIVERSIDE SUB PH10 BM2003-01788
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wake County Schools
  • Lat / Lon: 35.890266 / -78.55318
  • Subdivision: Riverside Sub Ph10
  • Property Class: Residential
  • Zoning: R-10
  • County Use Code: 01

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3314
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Forced air unit

HOA

  • H O A One: $270
  • H O A Amount: $270
  • H O A One Frequency: Monthly
  • H O A One Type: Planned Unit Development

Ownership Info

5309 Fair Rain Dr has no associated ownership info
5309 Fair Rain Dr has no associated ownership info.

Taxes

5309 Fair Rain Dr has 10 associated Taxes items

5309 Fair Rain Dr, Raleigh, NC pays taxes in Wake County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $365,071. The APN we've located for 5309 Fair Rain Dr is 1737.05-29-3255-000.

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Taxes
  • Assessed Value:  $365,071
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  1737.05-29-3255-000
  • Assessed Land Value:  70000
  • Market Land Value:  70000
  • Tax Amount:  3203.78
  • Tax Year:  2025
  • Market Value:  365071
  • Market Year:  2025

Tax History

5309 Fair Rain Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $365,071 Land Value $70,000 Improvement Value $295,071 Tax Amount $3,203.78 Change Rate +0.004118% Assessed CR Tax Rate +0.008776%
Year 2024 Assessed Value $365,071 Land Value $70,000 Improvement Value $295,071 Tax Amount $3,190.64 Change Rate +0.185327% Assessed CR Tax Rate +0.00874%
Year 2023 Assessed Value $245,117 Land Value $26,000 Improvement Value $219,117 Tax Amount $2,691.78 Change Rate +0.075933% Assessed CR Tax Rate +0.010982%
Year 2022 Assessed Value $245,117 Land Value $26,000 Improvement Value $219,117 Tax Amount $2,501.81 Change Rate +0.040258% Assessed CR Tax Rate +0.010207%
Year 2021 Assessed Value $245,117 Land Value $26,000 Improvement Value $219,117 Tax Amount $2,404.99 Change Rate +0.018477% Assessed CR Tax Rate +0.009812%
Year 2020 Assessed Value $245,117 Land Value $26,000 Improvement Value $219,117 Tax Amount $2,361.36 Change Rate +0.030577% Assessed CR Tax Rate +0.009634%
Year 2019 Assessed Value $195,987 Land Value $20,000 Improvement Value $175,987 Tax Amount $2,291.3 Change Rate +0.06012% Assessed CR Tax Rate +0.011691%
Year 2018 Assessed Value $195,987 Land Value $20,000 Improvement Value $175,987 Tax Amount $2,161.36 Change Rate +0.04979% Assessed CR Tax Rate +0.011028%
Year 2017 Assessed Value $195,987 Land Value $20,000 Improvement Value $175,987 Tax Amount $2,058.85 Change Rate +0.020895% Assessed CR Tax Rate +0.010505%
Year 2016 Assessed Value $195,987 Land Value $20,000 Improvement Value $175,987 Tax Amount $2,016.71 Change Rate -0.105069% Assessed CR Tax Rate +0.01029%
Year 2015 Assessed Value $215,691 Land Value $32,000 Improvement Value $183,691 Tax Amount $2,253.48 Change Rate +0.054186% Assessed CR Tax Rate +0.010448%
Year 2014 Assessed Value $215,691 Land Value $32,000 Improvement Value $183,691 Tax Amount $2,137.65 Change Rate Assessed CR Tax Rate +0.009911%