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119 Summer Lakes Drive

119 Summer Lakes Drive, Cary, NC 27513
Property in Preston Fairways
1 Units For Sale
Unit for sale at 119 Summer Lakes Drive, Cary, NC 27513

$1,975,000

  • Loft
  • 4.5 Baths
  • 4,599 ft²
119 Summer Lakes Drive, Cary, NC 27513 Listing by Marci Ryan

119 Summer Lakes Drive has been categorized by the local assessors in Cary, NC as a residential type of property. The building on the property was first built in 1989 and is 35 years old. However, we must point out that the home was most recently renovated and altered in 2011. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 119 Summer Lakes Drive has 4,598 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 22,216 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 640 sqft. Moving on to the building itself. The condition of the building has been evaluated as excellent. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The building has a gable style roof. The exterior walls of the building are made of brick. 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. The property was last sold in Dec 12, 2023 for $1,975,000. That's $429.53 per sqft. Prior to that sales transaction, the property was also sold in Jun 15, 2023 for $1,939,000. 119 Summer Lakes Drive was last assessed in 2023. The total value of the property was assessed at $1,107,144. Specifically, the land the property is located on was valued at $245,300. While improvements on the property were assessed at a total of $861,844. 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 $9,797. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!

Building Features

Exterior

Brick Exterior
Masonite Siding
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230202
02/02/2023
Loft
4.5 Bath
4599 ft²
$2,000,000
bedrooms
Loft
bathrooms
4.5 Bath
square feet
4599 ft²
-
-
-
Karen Coe
Keller Williams Legacy

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 2011
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Excellent
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 640
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,216
  • Total Building Area: 4,598
  • Building Area: 4,598
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,598
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PRESTON FAIRWAYS
  • Land Acres: 0.51
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO13 PRESTON FAIRWAYS PHI BM1987-1489

Ownership

  • Current Owner : CYNTHIA H THORBURN REVOCABLE TRUST
  • Current Owner 2: JAMES M THORBURN REVOCABLE TRUST
  • Previous Owner : BAKER RICHARD ALAN
  • Owner Before Previous Owner: MCHUGH HELEN D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053523

Zoning

  • Zoning: R12P

Geography

  • Account Number: 0166716
  • District: 04
  • Subdivision Phase Number: 1
  • Parcel: 0754.13-03-3790 0166716
  • Lot: 13
  • Municipality: CARY
  • Latitude: 35.7934
  • Longitude: -78.8301

    Address

  • Full Address: 119 Summer Lakes Dr
  • Address - House Number: 119
  • Address - Street Name: Summer Lakes
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Cary
  • Carrier Code: R008
  • 4-Digit Zip Code: 3419
  • Zip Code: 27513

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,797

    Appraisal Valuation

  • Standard Deviation: 0.068
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 96
  • Final Value: 2,002,834
  • High Value: 2,139,165
  • Low Value: 1,866,504

    Market Valuation

  • Market Total Value: $1,107,144
  • Market Land Value: $245,300
  • Market Improvement Value: $861,844

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,107,144
  • Assessed Land Value: $245,300
  • Assessed Improvements Value: $861,844

    Sales

  • Current Sale Contract Date: Dec 12, 2023
  • Current Sale Recording Date: Dec 22, 2023
  • Current Sale Transaction ID: 11918838567
  • Current Sale Price: $1,975,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 15, 2023
  • Previous Sale Contract Date: Jun 15, 2023
  • Previous Sale Amount: $1,939,000
  • Previous Sale Document Type: Warranty Deed

About Preston



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Frequently Asked Questions

What neighborhood is 119 Summer Lakes Drive located in?
The 119 Summer Lakes Drive is a located in the neighborhood of Preston Fairways in Preston, Cary.
How many listings are currently for sale in 119 Summer Lakes Drive?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 119 Summer Lakes Drive?
The average sales price for units in 119 Summer Lakes Drive is $1,975,000 , or $429/sqft. currently.

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