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125 Traylee Drive

125 Traylee Drive, Wake Forest, NC 27587
House in Franklin
Sold Nov 19, 2020
$377,000
$358,900 by Alcova Mortgage Llc
Mortgage Due Dec 01, 2050
Sold Feb 23, 2004
$266,000
125 Traylee Drive has been categorized by the local assessors in Wake Forest, NC as a residential type of property. The building on the property was first built in 2003 and is 21 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 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, 125 Traylee Drive has 2,078 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a building with no basement that is 2,078 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 30,056 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod 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 484 sqft. Residents will have the luxury of enjoying a screened porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B+ by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of concrete block. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. 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, 125 Traylee Drive was last sold in Nov 16, 2020 for $377,000. According to our calculations, that's $181.42 per sqft. Prior to that sales transaction, the property was sold for $266,000 in Feb 23, 2004. Current property owners are expected to pay $2,899 in taxes per year. The property on 125 Traylee Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $316,710. To break that down further, the land itself was valued at $60,000. While improvements to the property were assessed at a total of $256,710. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: B+
  • Building Style: Cape Cod
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 2,078
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 30,056
  • Total Building Area: 2,078
  • Building Area: 2,078
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,078
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TRAYLEE
  • Land Acres: 0.69
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MB 2002/295 PRF 3 SL 94/58

Ownership

  • Current Owner : FREEMAN JOSHUA
  • Current Owner 2: FREEMAN PATRICIA
  • Previous Owner : MOCNIK MARK A
  • Previous Owner 2: MOCNIK DAWN P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin County Schools
  • Census Tract: 060501

Zoning

  • Zoning: FCO R-30

Geography

  • Assessors Map Reference: MB 2002/295
  • District: 103
  • Parcel: 035882
  • Lot: 26
  • Municipality: YOUNGSVILLE
  • Latitude: 36.0238
  • Longitude: -78.5433

    Address

  • Full Address: 125 Traylee Dr
  • Address - House Number: 125
  • Address - Street Name: Traylee
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R005
  • 4-Digit Zip Code: 5560
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,899
  • Tax Rate Code Area: YGSF

    Appraisal Valuation

  • Standard Deviation: 0.2018
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 72
  • Final Value: 529,886
  • High Value: 636,857
  • Low Value: 422,915

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $358,900
  • First Open Lien Mortgage Lender: ALCOVA MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Nov 19, 2020
  • First Open Lien Mortgage Loan Amount: $358,900
  • 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, 2050

    Market Valuation

  • Market Total Value: $316,710
  • Market Land Value: $60,000
  • Market Improvement Value: $256,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,710
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $256,710

    Sales

  • Current Sale Contract Date: Nov 16, 2020
  • Current Sale Recording Date: Nov 19, 2020
  • Current Sale Transaction ID: 11805318632
  • Current Sale Price: $377,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Feb 23, 2004
  • Previous Sale Contract Date: Feb 23, 2004
  • Previous Sale Amount: $266,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALCOVA MORTGAGE LLC
  • First Mortgage Transaction Date: Nov 19, 2020
  • First Mortgage Loan Amount: $358,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

About Franklin



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Nearby Rentals

Unit for rent at 656 Cormiche Lane, Wake Forest, NC, 27587

$2,795 /mo

  • 5 Beds
  • 3 Baths
  • 2,750 ft²
656 Cormiche Lane, Wake Forest, NC, 27587 Listing by Philo Matthews

Frequently Asked Questions

What neighborhood is 125 Traylee Drive located in?
The 125 Traylee Drive is a house located in the neighborhood of Franklin in Franklin, Wake Forest.
What is the average sales price for listings in 125 Traylee Drive?
The average sales price for units in 125 Traylee Drive is $0 currently.

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