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1507 Laughridge Drive

1507 Laughridge Drive, Cary, NC 27511
Sold May 07, 2020
$352,000
$351,000 by Movement Mortgage Llc
Mortgage Due Mar 01, 2042
Sold Mar 25, 2013
$227,000
$222,888 by Bank Of America Na
Mortgage Due Apr 01, 2043
1507 Laughridge Drive in Cary, NC was first built in 1975 and is 49 years old. Although, the building on the property was most recently renovated and altered in 1980. 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 2 full bathrooms. There are 3 partial bathrooms. 1507 Laughridge Drive has 2,334 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 17,860 square feet.

Learn more about the property and building on this page. The home has a gambrel style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. 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 and being fueled with gas. 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. 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, 1507 Laughridge Drive was last sold in May 7, 2020 for $352,000. According to our calculations, that's $150.81 per sqft. Prior to that sales transaction, the property was sold for $227,000 in Mar 22, 2013. Current property owners are expected to pay $2,887 in taxes per year. The property on 1507 Laughridge Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $297,276. To break that down further, the land itself was valued at $135,000. While improvements to the property were assessed at a total of $162,276. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1980
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gambrel
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,860
  • Total Building Area: 2,334
  • Building Area: 2,334
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,334
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SCOTTISH HILLS SUB
  • Land Acres: 0.41
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO305 SCOTTISH HILLS SUB PT C SEIV

Ownership

  • Current Owner : WRIGHT COLLIER M
  • Current Owner 2: WRIGHT JOANNA J
  • Previous Owner : GIESZELMANN JAMES
  • Previous Owner 2: GIESZELMANN SUSAN
  • Owner Before Previous Owner: PERRACHON ROBERT ERNEST
  • Owner Before Previous Owner 2: PERRACHON MELANIE T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R12

Geography

  • Account Number: 0081775
  • District: 04
  • Section: 4
  • Parcel: 0752.08-79-6849 0081775
  • Lot: 305
  • Municipality: CARY
  • Latitude: 35.7554
  • Longitude: -78.8057

    Address

  • Full Address: 1507 Laughridge Dr
  • Address - House Number: 1507
  • 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: $2,887

    Appraisal Valuation

  • Standard Deviation: 0.1303
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 529,573
  • High Value: 598,597
  • Low Value: 460,549

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $351,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Feb 09, 2022
  • First Open Lien Mortgage Loan Amount: $351,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2042

    Market Valuation

  • Market Total Value: $297,276
  • Market Land Value: $135,000
  • Market Improvement Value: $162,276

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $297,276
  • Assessed Land Value: $135,000
  • Assessed Improvements Value: $162,276

    Sales

  • Current Sale Contract Date: May 07, 2020
  • Current Sale Recording Date: May 07, 2020
  • Current Sale Transaction ID: 11767774276
  • Current Sale Price: $352,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Mar 25, 2013
  • Previous Sale Contract Date: Mar 22, 2013
  • Previous Sale Amount: $227,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: May 07, 2020
  • First Mortgage Loan Amount: $360,096
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Mar 25, 2013
  • Previous Mortgage Loan Amount: $222,888
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2043

About Scottish Hills



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Frequently Asked Questions

What neighborhood is 1507 Laughridge Drive located in?
The 1507 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 1507 Laughridge Drive?
The average sales price for units in 1507 Laughridge Drive is $360,000 , or $146/sqft. currently.

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