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5508 Gateway Pl; Raleigh, NC Property Details

5508 Gateway Pl, Raleigh, NC is a Single Family that was built in 2007. This property is currently Financed,New Construction and is not for sale. Our records show that 5508 Gateway Pl has 3 bedrooms, and 2.5 bathrooms, and a total of 1,483 square feet. The lot size of 5508 Gateway Pl is 7,405 square feet.

Off market
5508 Gateway Pl Raleigh, NC 27617
$214,900 Listing Price
3 Beds
2.5 Baths
1,483 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2007
  • Purchase Price: $210,000
  • Est. Equity / %: $405,000 / 100%
  • Gross Yield: 6.578%
  • APN: 0778.04-93-3291-000
  • Situs County: Wake
  • Length Of Ownership: 18 years, 6 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Partial Bathrooms: 1

Structure

  • Stories: 2
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Building Quality: C
  • Porch Type: Open
  • Sewer Type: Yes
  • Water Source: Yes
  • Deck: true

Measurements

  • Total: 1,483/SqFt
  • Lot: 7,405/SqFt
  • Gross: 1,483/SqFt
  • Garage: 264/SqFt
  • Living: 1,483/SqFt
  • Building: 1,483/SqFt
  • Garage Unfinished: 264/SqFt
  • Price Per Square Foot: $141.60

Legal Description

  • Description: LO8 SORRELL GROVE SUB PH1&II BM2004-0157
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: 35.90171 / -78.73189
  • Subdivision: Sorrell Grove Sub Ph1
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 01

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 5400
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Forced air unit

HOA

  • H O A One: $180
  • H O A Amount: $180
  • H O A One Frequency: Annual
  • H O A One Type: Planned Unit Development

Ownership Info

5508 Gateway Pl has no associated ownership info
5508 Gateway Pl has no associated ownership info.

Taxes

5508 Gateway Pl has 10 associated Taxes items

5508 Gateway Pl, 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 $410,300. The APN we've located for 5508 Gateway Pl is 0778.04-93-3291-000.

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Taxes
  • Assessed Value:  $410,300
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  0778.04-93-3291-000
  • Assessed Land Value:  170000
  • Market Land Value:  170000
  • Tax Amount:  3598.23
  • Tax Year:  2025
  • Market Value:  410300
  • Market Year:  2025

Tax History

5508 Gateway Pl has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $410,300 Land Value $170,000 Improvement Value $240,300 Tax Amount $3,598.23 Change Rate +0.004122% Assessed CR Tax Rate +0.00877%
Year 2024 Assessed Value $410,300 Land Value $170,000 Improvement Value $240,300 Tax Amount $3,583.46 Change Rate +0.308931% Assessed CR Tax Rate +0.008734%
Year 2023 Assessed Value $249,331 Land Value $60,000 Improvement Value $189,331 Tax Amount $2,737.7 Change Rate +0.075937% Assessed CR Tax Rate +0.01098%
Year 2022 Assessed Value $249,331 Land Value $60,000 Improvement Value $189,331 Tax Amount $2,544.48 Change Rate +0.040266% Assessed CR Tax Rate +0.010205%
Year 2021 Assessed Value $249,331 Land Value $60,000 Improvement Value $189,331 Tax Amount $2,445.99 Change Rate +0.018479% Assessed CR Tax Rate +0.00981%
Year 2020 Assessed Value $249,331 Land Value $60,000 Improvement Value $189,331 Tax Amount $2,401.61 Change Rate Assessed CR Tax Rate +0.009632%
Year 2019 Assessed Value $195,243 Land Value $63,000 Improvement Value $132,243 Tax Amount Change Rate Assessed CR Tax Rate
Year 2018 Assessed Value $195,243 Land Value $63,000 Improvement Value $132,243 Tax Amount Change Rate Assessed CR Tax Rate
Year 2017 Assessed Value $195,243 Land Value $63,000 Improvement Value $132,243 Tax Amount $2,051.11 Change Rate +0.020895% Assessed CR Tax Rate +0.010505%
Year 2016 Assessed Value $195,243 Land Value $63,000 Improvement Value $132,243 Tax Amount $2,009.13 Change Rate +0.016154% Assessed CR Tax Rate +0.01029%
Year 2015 Assessed Value $189,009 Land Value $56,000 Improvement Value $133,009 Tax Amount $1,977.19 Change Rate +0.054113% Assessed CR Tax Rate +0.010461%
Year 2014 Assessed Value $189,009 Land Value $56,000 Improvement Value $133,009 Tax Amount $1,875.69 Change Rate Assessed CR Tax Rate +0.009924%