Check Availability

1120 Magnolia Bend Loop

1120 Magnolia Bend Loop, Cary, NC 27519
House in Wake
Sold May 25, 2021
$838,000
$548,250 by First Heritage Mortgage Llc
Mortgage Due Jun 01, 2051
Sold Sep 21, 2018
$753,000
Local assessors in Cary, NC have categorized 1120 Magnolia Bend Loop as a residential type of property. The home was built in 2014 and is 10 years old. The property's lot size has been calculated to be 8,276 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1120 Magnolia Bend Loop has a total of 3,943 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 252 sqft. 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 frame control joints. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Oct 30, 2020 for $838,000. That's $212.53 per sqft. Prior to that sales transaction, the property was also sold in Sep 21, 2018 for $753,000. 1120 Magnolia Bend Loop was last assessed in 2022. The total value of the property was assessed at $615,704. Specifically, the land the property is located on was valued at $110,000. While improvements on the property were assessed at a total of $505,704. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $5,958. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 252
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 3,943
  • Building Area: 3,943
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,943
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTHERLYN
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO11 SOUTHERLYN PH1A BM2014-00280

Ownership

  • Current Owner : CHANCELLOR JOSEPH
  • Current Owner 2: CHANCELLOR CHAO CHUN
  • Previous Owner : WANG LIYAN
  • Previous Owner 2: YI MENG
  • Owner Before Previous Owner: D R HORTON INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053411

Zoning

  • Zoning: R40

Geography

  • Assessors Map Reference: BK 2014 PG 280
  • Account Number: 0421001
  • District: 20
  • Subdivision Phase Number: 1A
  • Parcel: 0724.04-80-8750 0421001
  • Lot: 11
  • Municipality: WHITE OAK
  • Latitude: 35.7851
  • Longitude: -78.9027

    Address

  • Full Address: 1120 Magnolia Bend Loop
  • Address - House Number: 1120
  • Address - Street Name: Magnolia Bend
  • Address - Suffix Type: Loop
  • State: NC
  • City Name: Cary
  • Carrier Code: R075
  • 4-Digit Zip Code: 9390
  • Zip Code: 27519

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,958

    Appraisal Valuation

  • Standard Deviation: 0.1367
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 1,046,084
  • High Value: 1,189,101
  • Low Value: 903,068

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $548,250
  • First Open Lien Mortgage Lender: FIRST HERITAGE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 25, 2021
  • First Open Lien Mortgage Loan Amount: $548,250
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $615,704
  • Market Land Value: $110,000
  • Market Improvement Value: $505,704

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $615,704
  • Assessed Land Value: $110,000
  • Assessed Improvements Value: $505,704

    Sales

  • Current Sale Contract Date: Oct 30, 2020
  • Current Sale Recording Date: May 25, 2021
  • Current Sale Transaction ID: 11843596520
  • Current Sale Price: $838,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 21, 2018
  • Previous Sale Contract Date: Sep 21, 2018
  • Previous Sale Amount: $753,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HERITAGE MORTGAGE LLC
  • First Mortgage Transaction Date: May 25, 2021
  • First Mortgage Loan Amount: $548,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

About Wake



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1010 Drayman Place, Apex, NC, 27502

$2,250 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,500 ft²
1010 Drayman Place, Apex, NC, 27502 Listing by Jian Lee Li
Unit for rent at 1649 Wimberly Road, Apex, NC, 27502

$2,450 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,540 ft²
1649 Wimberly Road, Apex, NC, 27502 Listing by Wayne Li
Unit for rent at 2546 Hutch Lane, Apex, NC, 27523

$2,300 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,934 ft²
2546 Hutch Lane, Apex, NC, 27523 Listing by Spencer Southern
Unit for rent at 2520 Hutch Lane, Apex, NC, 27523

$2,300 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,934 ft²
2520 Hutch Lane, Apex, NC, 27523 Listing by Wilson Huang
Unit for rent at 2533 Sunnybranch Lane, Apex, NC, 27523

$2,095 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,712 ft²
2533 Sunnybranch Lane, Apex, NC, 27523 Listing by Lalit Farmah
Unit for rent at 1021 Diamond Dove Lane, Apex, NC, 27502

$2,250 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,200 ft²
1021 Diamond Dove Lane, Apex, NC, 27502 Listing by Shiv Nunna
Unit for rent at 856 Patriot Summit Lane, Apex, NC, 27523

$2,350 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,000 ft²
856 Patriot Summit Lane, Apex, NC, 27523 Listing by Tricia Markulin

Frequently Asked Questions

What neighborhood is 1120 Magnolia Bend Loop located in?
The 1120 Magnolia Bend Loop is a house located in the neighborhood of Wake in Wake, Cary.
What is the average sales price for listings in 1120 Magnolia Bend Loop?
The average sales price for units in 1120 Magnolia Bend Loop is $0 currently.

Quantcast