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1021 Stormy Lane

1021 Stormy Lane, Raleigh, NC 27610
Property in Summer Place
Sold Mar 05, 2020
$186,000
$139,500 by Cogent Bank
Mortgage Due Apr 01, 2050
Sold May 02, 2017
$161,000
$152,950 by Quicken Loans Inc
Mortgage Due Jun 01, 2047
1021 Stormy Lane has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 2003 and is 21 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1021 Stormy Lane has 1,107 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,583 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 240 sqft. The building has a gable style roof. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 1021 Stormy Lane sold most recently in Mar 4, 2020 for a total of $186,000. If you work out the math, that's approximately a cost of $168.02 per sqft. Before that, the property was also sold for $161,000 in May 2, 2017. 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 $1,698 in taxes each year. 1021 Stormy Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $165,691. If we break it down further, the land itself was valued at $35,000. Improvements to the property, however, were assessed at a total of $130,691. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 240
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,107
  • Building Area: 1,107
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,107
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SUMMER PLACE SUB
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO122 SUMMER PLACE SUB PH2 BM2002-02080

Ownership

  • Current Owner : PINER LARKIN
  • Previous Owner : MURRAY MARGARITA
  • Owner Before Previous Owner: SADEK STEPHANIA
  • Owner Before Previous Owner 2: SADEK JOSEPH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054106

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0314471
  • District: 17
  • Subdivision Phase Number: 2
  • Parcel: 1734.18-42-4316 0314471
  • Lot: 122
  • Municipality: ST MATTHEW'S
  • Latitude: 35.7889
  • Longitude: -78.5467

    Address

  • Full Address: 1021 Stormy Ln
  • Address - House Number: 1021
  • Address - Street Name: Stormy
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C020
  • 4-Digit Zip Code: 6075
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,698

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 300,126
  • High Value: 337,275
  • Low Value: 262,976

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $139,500
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: Mar 05, 2020
  • First Open Lien Mortgage Loan Amount: $139,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050

    Market Valuation

  • Market Total Value: $165,691
  • Market Land Value: $35,000
  • Market Improvement Value: $130,691

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $165,691
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $130,691

    Sales

  • Current Sale Contract Date: Mar 04, 2020
  • Current Sale Recording Date: Mar 05, 2020
  • Current Sale Transaction ID: 11750675208
  • Current Sale Price: $186,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 02, 2017
  • Previous Sale Contract Date: May 02, 2017
  • Previous Sale Amount: $161,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COGENT BANK
  • First Mortgage Transaction Date: Mar 05, 2020
  • First Mortgage Loan Amount: $139,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: May 02, 2017
  • Previous Mortgage Loan Amount: $152,950
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2047

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Frequently Asked Questions

What neighborhood is 1021 Stormy Lane located in?
The 1021 Stormy Lane is a located in the neighborhood of Summer Place in Southeast Raleigh, Raleigh.
What is the average sales price for listings in 1021 Stormy Lane?
The average sales price for units in 1021 Stormy Lane is $0 currently.

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