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108 Laurelwood Lane

108 Laurelwood Lane, Cary, NC 27518
Property in Whisperwood
Sold Oct 01, 2021
$819,000
$600,000 by Truist Bank
Mortgage Due Nov 01, 2051
Sold Sep 07, 2011
$419,000
$250,000 by Fm Lending Services Inc
Mortgage Due Sep 01, 2041
Local assessors in Cary, NC have categorized 108 Laurelwood Lane as a residential type of property. The home was built in 1990 and is 34 years old. The property's lot size has been calculated to be 14,810 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 108 Laurelwood Lane has a total of 3,747 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 1,012 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. The building has a roof that is made of asbestos. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 108 Laurelwood Lane sold most recently in Oct 1, 2021 for a total of $819,000. If you work out the math, that's approximately a cost of $218.57 per sqft. Before that, the property was also sold for $419,000 in Sep 7, 2011. 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 $4,490 in taxes each year. 108 Laurelwood Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $463,469. If we break it down further, the land itself was valued at $100,000. Improvements to the property, however, were assessed at a total of $363,469. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1990
  • Effective Year Built: 1990
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Cover Type: Asbestos
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,012
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 3,747
  • Building Area: 3,747
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,747
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WHISPERWOOD SUB
  • Land Acres: 0.34
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO389 WHISPERWOOD SUB PH6A BM1989-1101

Ownership

  • Current Owner : MCLAIN ADAM
  • Previous Owner : RANKIN TODD E
  • Previous Owner 2: RANKIN TRACY L
  • Owner Before Previous Owner: GEBAROWSKI FREDERICK W
  • Owner Before Previous Owner 2: GEBAROWSKI NANCY J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053005

Zoning

  • Zoning: R12P

Geography

  • Account Number: 0179452
  • District: 18
  • Parcel: 0771.01-08-7570 0179452
  • Lot: 389
  • Municipality: SWIFT CREEK
  • Latitude: 35.7238
  • Longitude: -78.7615

    Address

  • Full Address: 108 Laurelwood Ln
  • Address - House Number: 108
  • Address - Street Name: Laurelwood
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Cary
  • Carrier Code: R011
  • 4-Digit Zip Code: 9118
  • Zip Code: 27518

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,490

    Appraisal Valuation

  • Standard Deviation: 0.1305
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 846,059
  • High Value: 956,547
  • Low Value: 735,571

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $600,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Oct 01, 2021
  • First Open Lien Mortgage Loan Amount: $600,000
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $463,469
  • Market Land Value: $100,000
  • Market Improvement Value: $363,469

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $463,469
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $363,469

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Oct 01, 2021
  • Current Sale Transaction ID: 11864571479
  • Current Sale Price: $819,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 07, 2011
  • Previous Sale Contract Date: Sep 07, 2011
  • Previous Sale Amount: $419,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Oct 01, 2021
  • First Mortgage Loan Amount: $600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FM LENDING SERVICES INC
  • Previous Mortgage Transaction Date: Sep 07, 2011
  • Previous Mortgage Loan Amount: $250,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2041

About Lochmere



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Frequently Asked Questions

What neighborhood is 108 Laurelwood Lane located in?
The 108 Laurelwood Lane is a located in the neighborhood of Whisperwood in Lochmere, Cary.
What is the average sales price for listings in 108 Laurelwood Lane?
The average sales price for units in 108 Laurelwood Lane is $0 currently.

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