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1320 Brown Velvet Lane

1320 Brown Velvet Lane, Apex, NC 27523
Property in Wake
Sold Sep 24, 2020
$333,000
$316,297 by First Heritage Mortgage Llc
Mortgage Due Oct 01, 2050
1320 Brown Velvet Lane has been categorized by the local assessors in Apex, NC as a residential type of property. The building on the property was first built in 2020 and is 4 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1320 Brown Velvet Lane has 1,962 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 3,485 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 254 sqft. 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 frame control joints. 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 1320 Brown Velvet Lane sold most recently in Sep 24, 2020 for a total of $333,000. If you work out the math, that's approximately a cost of $169.72 per sqft. 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 $3,576 in taxes each year. 1320 Brown Velvet Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $345,407. If we break it down further, the land itself was valued at $55,000. Improvements to the property, however, were assessed at a total of $290,407. 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: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 254
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,485
  • Total Building Area: 1,962
  • Building Area: 1,962
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,962
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SWEETWATER
  • Land Acres: 0.08
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO280 SWEETWATER PH4 BM2017-00538

Ownership

  • Current Owner : MENON VIJAY
  • Previous Owner : EXPERIENCEONE HOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chatham County Schools
  • Census Tract: 053412

Zoning

  • Zoning: PUD-CZ

Geography

  • Assessors Map Reference: BK 2017 PG 538
  • Account Number: 0444830
  • District: 20
  • Subdivision Phase Number: 4
  • Parcel: 0722.03-33-8218 0444830
  • Lot: 280
  • Municipality: WHITE OAK
  • Latitude: 35.7373
  • Longitude: -78.9197

    Address

  • Full Address: 1320 Brown Velvet Ln
  • Address - House Number: 1320
  • Address - Street Name: Brown Velvet
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Apex
  • Carrier Code: R052
  • 4-Digit Zip Code: 4102
  • Zip Code: 27523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,576

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 570,056
  • High Value: 640,618
  • Low Value: 499,495

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $316,297
  • First Open Lien Mortgage Lender: FIRST HERITAGE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 24, 2020
  • First Open Lien Mortgage Loan Amount: $316,297
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $345,407
  • Market Land Value: $55,000
  • Market Improvement Value: $290,407

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $345,407
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $290,407

    Sales

  • Current Sale Contract Date: Sep 24, 2020
  • Current Sale Recording Date: Sep 24, 2020
  • Current Sale Transaction ID: 11807787950
  • Current Sale Price: $333,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HERITAGE MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 24, 2020
  • First Mortgage Loan Amount: $316,297
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

About Wake



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Frequently Asked Questions

What neighborhood is 1320 Brown Velvet Lane located in?
The 1320 Brown Velvet Lane is a located in the neighborhood of Wake in Wake, Apex.
What is the average sales price for listings in 1320 Brown Velvet Lane?
The average sales price for units in 1320 Brown Velvet Lane is $0 currently.

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