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1363 Brown Velvet Lane

1363 Brown Velvet Lane, Apex, NC 27523
Property in Wake
Sold Dec 06, 2021
$490,000
$465,500 by Movement Mortgage
Mortgage Due Jan 01, 2052
Sold Nov 27, 2019
$336,500
$297,920 by Branch Banking And Trust Co
Mortgage Due Dec 01, 2049
1363 Brown Velvet Lane in Apex, NC was first built in 2019 and is 5 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1363 Brown Velvet Lane has 1,948 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 3,049 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 276 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 1363 Brown Velvet Lane sold most recently in Dec 3, 2021 for a total of $490,000. If you work out the math, that's approximately a cost of $251.54 per sqft. Before that, the property was also sold for $336,500 in Nov 27, 2019. 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 $3,564 in taxes each year. 1363 Brown Velvet Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $344,275. 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 $289,275. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • 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 Area: 0
  • Garage Type: Garage
  • Garage Square Area: 276
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,049
  • Total Building Area: 1,948
  • Building Area: 1,948
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,948
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SWEETWATER
  • Land Acres: 0.07
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO322 SWEETWATER PH4 BM2017-00538

Ownership

  • Current Owner : RALEIGH MIKAYLA
  • Current Owner 2: RALEIGH BRIAN RICHARD
  • Previous Owner : RICH DANIEL H
  • Owner Before Previous Owner: EXPERIENCEONE HOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: PUD-CZ

Geography

  • Assessors Map Reference: BK 2017 PG 538
  • Account Number: 0444871
  • District: 20
  • Subdivision Phase Number: 4
  • Parcel: 0722.03-32-9934 0444871
  • Lot: 322
  • Municipality: WHITE OAK
  • Latitude: 35.7364
  • Longitude: -78.9193

    Address

  • Full Address: 1363 Brown Velvet Ln
  • Address - House Number: 1363
  • 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: $3,564

    Appraisal Valuation

  • Standard Deviation: 0.1643
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 79
  • Final Value: 531,217
  • High Value: 618,505
  • Low Value: 443,929

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $465,500
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 06, 2021
  • First Open Lien Mortgage Loan Amount: $465,500
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $344,275
  • Market Land Value: $55,000
  • Market Improvement Value: $289,275

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $344,275
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $289,275

    Sales

  • Current Sale Contract Date: Dec 03, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Transaction ID: 11873493111
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Nov 27, 2019
  • Previous Sale Contract Date: Nov 27, 2019
  • Previous Sale Amount: $336,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Dec 06, 2021
  • First Mortgage Loan Amount: $465,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Previous Mortgage Transaction Date: Nov 27, 2019
  • Previous Mortgage Loan Amount: $297,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2049

About Wake



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Frequently Asked Questions

What neighborhood is 1363 Brown Velvet Lane located in?
The 1363 Brown Velvet Lane is a located in the neighborhood of Wake in Wake, Apex.
What is the average sales price for listings in 1363 Brown Velvet Lane?
The average sales price for units in 1363 Brown Velvet Lane is $0 currently.

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