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1503 Laughridge Drive

1503 Laughridge Drive, Cary, NC 27511
Sold May 10, 2023
$490,000
$490,000 by Guild Mortgage Company Llc
Mortgage Due Jun 01, 2053
Sold Aug 12, 2019
$316,000
$300,105 by Prosperity Home Mortgage Llc
Mortgage Due Sep 01, 2049
1503 Laughridge 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 1973 and is 51 years old. Residents will have access to 2 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, 1503 Laughridge Drive has 1,636 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 partial basement that is 537 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 24,829 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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 350 sqft. Moving on to the building itself. The condition of the building has been evaluated as average. 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 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. 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, 1503 Laughridge Drive sold most recently in May 5, 2023 for a total of $490,000. If you work out the math, that's approximately a cost of $299.51 per sqft. Before that, the property was also sold for $316,000 in Aug 12, 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 $2,687 in taxes each year. 1503 Laughridge Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $276,542. If we break it down further, the land itself was valued at $135,000. Improvements to the property, however, were assessed at a total of $141,542. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

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

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 537
  • Garage Type: Garage
  • Garage Square Area: 350
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 24,829
  • Total Building Area: 1,636
  • Building Area: 1,636
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,636
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SCOTTISH HILLS SUB
  • Land Acres: 0.57
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO303 SCOTTISH HILLS SUB PART C SEIV

Ownership

  • Current Owner : TIGHE SYDNEY
  • Current Owner 2: TIGHE NOLAN M
  • Previous Owner : TYLER ALEX R
  • Owner Before Previous Owner: STARKEY CHRISTOPHER R
  • Owner Before Previous Owner 2: STARKEY KATHERINE L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053518

Zoning

  • Zoning: R12

Geography

  • Account Number: 0083360
  • District: 04
  • Section: 4
  • Parcel: 0752.08-79-8950 0083360
  • Lot: 303
  • Municipality: CARY
  • Latitude: 35.7556
  • Longitude: -78.8051

    Address

  • Full Address: 1503 Laughridge Dr
  • Address - House Number: 1503
  • Address - Street Name: Laughridge
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Cary
  • Carrier Code: C027
  • 4-Digit Zip Code: 5217
  • Zip Code: 27511

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,687

    Appraisal Valuation

  • Standard Deviation: 0.0678
  • Valuation Date: May 17, 2023
  • Confidence Score: 96
  • Final Value: 479,264
  • High Value: 511,785
  • Low Value: 446,742

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $490,000
  • First Open Lien Mortgage Lender: GUILD MORTGAGE COMPANY LLC
  • First Open Lien Mortgage Recording Date: May 10, 2023
  • First Open Lien Mortgage Loan Amount: $490,000
  • 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, 2053

    Market Valuation

  • Market Total Value: $276,542
  • Market Land Value: $135,000
  • Market Improvement Value: $141,542

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $276,542
  • Assessed Land Value: $135,000
  • Assessed Improvements Value: $141,542

    Sales

  • Current Sale Contract Date: May 05, 2023
  • Current Sale Recording Date: May 10, 2023
  • Current Sale Transaction ID: 11906442356
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 12, 2019
  • Previous Sale Contract Date: Aug 12, 2019
  • Previous Sale Amount: $316,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUILD MORTGAGE COMPANY LLC
  • First Mortgage Transaction Date: May 10, 2023
  • First Mortgage Loan Amount: $490,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • Previous Mortgage Transaction Date: Aug 12, 2019
  • Previous Mortgage Loan Amount: $300,105
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2049

About Scottish Hills



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Frequently Asked Questions

What neighborhood is 1503 Laughridge Drive located in?
The 1503 Laughridge Drive is a house located in the neighborhood of Scottish Hills in Scottish Hills, Cary.
What is the average sales price for listings in 1503 Laughridge Drive?
The average sales price for units in 1503 Laughridge Drive is $0 currently.

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