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202 Otmoor Lane

202 Otmoor Lane, Cary, NC 27519
Property in Preston Village
Sold Jun 30, 2014
$640,000
$512,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2044
Sold Aug 08, 2011
$546,000
$396,000 by Fm Lending Services Inc
Mortgage Due Sep 01, 2041
202 Otmoor Lane in Cary, NC was first built in 1995 and is 29 years old. Although, the building on the property was most recently renovated and altered in 2000. 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. 202 Otmoor Lane has 3,738 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 21,344 square feet.

Learn more about the property and building on this page. The home has a gable style roof. 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 528 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. The condition of the building has been evaluated as average. 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, 202 Otmoor Lane was last sold in Jun 27, 2014 for $640,000. According to our calculations, that's $171.21 per sqft. Prior to that sales transaction, the property was sold for $546,000 in Jul 27, 2011. Current property owners are expected to pay $6,929 in taxes per year. The property on 202 Otmoor Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $716,363. To break that down further, the land itself was valued at $183,000. While improvements to the property were assessed at a total of $533,363. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1995
  • Effective Year Built: 2000
  • Total Rooms: 10
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 528
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,344
  • Total Building Area: 3,738
  • Building Area: 3,738
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,738
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PRESTON VILLAGE SUB
  • Land Acres: 0.49
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO101 PRESTON VILLAGE SUB P2 BM1994-707

Ownership

  • Current Owner : SCHIFANO LORRIE A
  • Previous Owner : LIN JAMES W
  • Previous Owner 2: LIN STEPHANIE A
  • Owner Before Previous Owner: WALKER DAVID S
  • Owner Before Previous Owner 2: WALKER CAROL S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053604

Zoning

  • Zoning: R20

Geography

  • Account Number: 0205945
  • District: 05
  • Parcel: 0744.01-27-8234 0205945
  • Lot: 101
  • Municipality: CEDAR FORK
  • Latitude: 35.8031
  • Longitude: -78.8555

    Address

  • Full Address: 202 Otmoor Ln
  • Address - House Number: 202
  • Address - Street Name: Otmoor
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Cary
  • Carrier Code: R061
  • 4-Digit Zip Code: 8364
  • Zip Code: 27519

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,929

    Appraisal Valuation

  • Standard Deviation: 0.1283
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 1,110,274
  • High Value: 1,252,737
  • Low Value: 967,811

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $537,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jun 30, 2014
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $512,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2044
  • Second Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • Second Open Lien Mortgage Recording Date: Aug 12, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $25,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $716,363
  • Market Land Value: $183,000
  • Market Improvement Value: $533,363

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $716,363
  • Assessed Land Value: $183,000
  • Assessed Improvements Value: $533,363

    Sales

  • Current Sale Contract Date: Jun 27, 2014
  • Current Sale Recording Date: Jun 30, 2014
  • Current Sale Transaction ID: 1131862440
  • Current Sale Price: $640,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 08, 2011
  • Previous Sale Contract Date: Jul 27, 2011
  • Previous Sale Amount: $546,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 30, 2014
  • First Mortgage Loan Amount: $512,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2044

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FM LENDING SERVICES INC
  • Previous Mortgage Transaction Date: Aug 08, 2011
  • Previous Mortgage Loan Amount: $396,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2041

About Preston



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Frequently Asked Questions

What neighborhood is 202 Otmoor Lane located in?
The 202 Otmoor Lane is a located in the neighborhood of Preston Village in Preston, Cary.
What is the average sales price for listings in 202 Otmoor Lane?
The average sales price for units in 202 Otmoor Lane is $0 currently.

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