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1616 Point Royal Drive

1616 Point Royal Drive, Fuquay Varina, NC 27526
Property in Laurel Lake
Sold Mar 31, 2017
$529,000
$423,160 by Towne Mortgage Of The Carolina
Mortgage Due Apr 01, 2047
Sold Jun 16, 2016
$120,000
$394,335 by First Bank
Mortgage
Local assessors in Fuquay Varina, NC have categorized 1616 Point Royal Drive as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 66,647 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1616 Point Royal Drive has a total of 3,395 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 189 sqft. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1616 Point Royal Drive sold most recently in Mar 31, 2017 for a total of $529,000. If you work out the math, that's approximately a cost of $155.82 per sqft. Before that, the property was also sold for $120,000 in Jun 14, 2016. 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 $4,046 in taxes each year. 1616 Point Royal Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $557,402. If we break it down further, the land itself was valued at $90,000. Improvements to the property, however, were assessed at a total of $467,402. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • 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 Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 189
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 66,647
  • Total Building Area: 3,395
  • Building Area: 3,395
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,395
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAUREL LAKE SUB
  • Land Acres: 1.53
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO8 LAUREL LAKE SUB BM1997-1025

Ownership

  • Current Owner : MORRISON TERRANCE
  • Current Owner 2: MORRISON ROBYN
  • Previous Owner : NC CUSTOM HOMES LLC
  • Owner Before Previous Owner: HARMON RAY R
  • Owner Before Previous Owner 2: HARMON JANICE P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053107

Zoning

  • Zoning: RA

Geography

  • Account Number: 0236858
  • District: 12
  • Parcel: 0655.02-87-0299 0236858
  • Lot: 8
  • Municipality: MIDDLE CREEK
  • Latitude: 35.5559
  • Longitude: -78.8046

    Address

  • Full Address: 1616 Point Royal Dr
  • Address - House Number: 1616
  • Address - Street Name: Point Royal
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Fuquay Varina
  • Carrier Code: R027
  • 4-Digit Zip Code: 6491
  • Zip Code: 27526

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,046

    Appraisal Valuation

  • Standard Deviation: 0.0968
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 91
  • Final Value: 882,645
  • High Value: 968,165
  • Low Value: 797,124

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $423,160
  • First Open Lien Mortgage Lender: TOWNE MORTGAGE OF THE CAROLINA
  • First Open Lien Mortgage Recording Date: Mar 31, 2017
  • First Open Lien Mortgage Loan Amount: $423,160
  • 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: Apr 01, 2047

    Market Valuation

  • Market Total Value: $557,402
  • Market Land Value: $90,000
  • Market Improvement Value: $467,402

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $557,402
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $467,402

    Sales

  • Current Sale Contract Date: Mar 31, 2017
  • Current Sale Recording Date: Mar 31, 2017
  • Current Sale Transaction ID: 1806899177
  • Current Sale Price: $529,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 16, 2016
  • Previous Sale Contract Date: Jun 14, 2016
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNE MORTGAGE OF THE CAROLINA
  • First Mortgage Transaction Date: Mar 31, 2017
  • First Mortgage Loan Amount: $423,160
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: FIRST BANK
  • Previous Mortgage Transaction Date: Jun 16, 2016
  • Previous Mortgage Loan Amount: $394,335
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Laurel Lake



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Frequently Asked Questions

What neighborhood is 1616 Point Royal Drive located in?
The 1616 Point Royal Drive is a located in the neighborhood of Laurel Lake in Laurel Lake, Fuquay Varina.
What is the average sales price for listings in 1616 Point Royal Drive?
The average sales price for units in 1616 Point Royal Drive is $0 currently.

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