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1031 Falling Rock Place

1031 Falling Rock Place, Durham, NC 27703
Property in Durham
Sold Nov 30, 2021
$421,500
$316,100 by Home Point Financial Corporati
Mortgage Due Dec 01, 2051
This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1031 Falling Rock Place has 2,349 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 2,178 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1031 Falling Rock Place was last sold in Nov 29, 2021 for $421,500. According to our calculations, that's $179.44 per sqft. Current property owners are expected to pay $4,248 in taxes per year. The property on 1031 Falling Rock Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $324,329. To break that down further, the land itself was valued at $67,000. While improvements to the property were assessed at a total of $257,329. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Style: Townhouse
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,178
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,349
  • Building Area: 2,349
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,349
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ANDREWS CHAPEL/PH:06
  • Land Acres: 0.05
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: ANDREWS CHAPEL/PH:06/LT# 377 KENSINGTON-C LH GAR PL000203-000351

Ownership

  • Current Owner : LI XIAOHUAN
  • Previous Owner : M I HOMES OF RALEIGH LLC

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 001900

Zoning

  • Zoning: PDR 4.793

Geography

  • Assessors Map Reference: BK 203 PG 351
  • Parcel: 228987
  • Lot: 377
  • Municipality: CITY OF DURHAM
  • Latitude: 35.9242
  • Longitude: -78.773

    Address

  • Full Address: 1031 Falling Rock Pl
  • Address - House Number: 1031
  • Address - Street Name: Falling Rock
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Durham
  • Carrier Code: R052
  • 4-Digit Zip Code: 6787
  • Zip Code: 27703

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,248

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 79
  • Final Value: 495,995
  • High Value: 577,731
  • Low Value: 414,260

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $316,100
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Nov 30, 2021
  • First Open Lien Mortgage Loan Amount: $316,100
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $324,329
  • Market Land Value: $67,000
  • Market Improvement Value: $257,329

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,329
  • Assessed Land Value: $67,000
  • Assessed Improvements Value: $257,329

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11870063915
  • Current Sale Price: $421,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021060831

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Mortgage Transaction Date: Nov 30, 2021
  • First Mortgage Loan Amount: $316,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

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Frequently Asked Questions

What neighborhood is 1031 Falling Rock Place located in?
The 1031 Falling Rock Place is a located in the neighborhood of Durham in Durham, Durham.
What is the average sales price for listings in 1031 Falling Rock Place?
The average sales price for units in 1031 Falling Rock Place is $0 currently.

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