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205 Great Lake Drive

205 Great Lake Drive, Cary, NC 27519
Sold Oct 03, 2022
$495,000
$275,000 by Navy Federal Credit Union
Mortgage Due May 01, 2063
Sold Jun 24, 1996
$210,500
Local assessors in Cary, NC have categorized 205 Great Lake Drive as a residential type of property. The home was built in 1996 and is 28 years old. The property's lot size has been calculated to be 5,227 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 205 Great Lake Drive has a total of 2,453 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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. 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 501 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. The building has a hip style roof. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Oct 3, 2022 for $495,000. That's $201.79 per sqft. Prior to that sales transaction, the property was also sold in Jun 24, 1996 for $210,500. 205 Great Lake Drive was last assessed in 2022. The total value of the property was assessed at $356,412. Specifically, the land the property is located on was valued at $75,000. While improvements on the property were assessed at a total of $281,412. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,458. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Townhouse
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 501
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 2,453
  • Building Area: 2,453
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,453
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LAKERIDGE
  • Land Acres: 0.12
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: L19 LAKERDG @ PRSTN VL P1A 95-2042/97-25

Ownership

  • Current Owner : MINICUCCI ANITA
  • Current Owner 2: MINICUCCI JOHN
  • Previous Owner : CULLEN MARTIN R
  • Previous Owner 2: CULLEN EMILIE H
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: RMF

Geography

  • Account Number: 0221151
  • District: 05
  • Parcel: 0745.03-11-4429 0221151
  • Municipality: CEDAR FORK
  • Latitude: 35.8147
  • Longitude: -78.8603

    Address

  • Full Address: 205 Great Lake Dr
  • Address - House Number: 205
  • Address - Street Name: Great Lake
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Cary
  • Carrier Code: R061
  • 4-Digit Zip Code: 9503
  • Zip Code: 27519

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,458

    Appraisal Valuation

  • Standard Deviation: 0.1274
  • Valuation Date: May 10, 2023
  • Confidence Score: 85
  • Final Value: 576,339
  • High Value: 649,810
  • Low Value: 502,868

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $275,000
  • First Open Lien Mortgage Lender: NAVY FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: May 10, 2023
  • First Open Lien Mortgage Loan Amount: $275,000
  • First Open Lien Mortgage Term: 479
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: May 01, 2063

    Market Valuation

  • Market Total Value: $356,412
  • Market Land Value: $75,000
  • Market Improvement Value: $281,412

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $356,412
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $281,412

    Sales

  • Current Sale Contract Date: Oct 03, 2022
  • Current Sale Recording Date: Oct 03, 2022
  • Current Sale Transaction ID: 11896624486
  • Current Sale Price: $495,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 24, 1996
  • Previous Sale Contract Date: Jun 24, 1996
  • Previous Sale Amount: $210,500
  • Previous Sale Document Type: Deed

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Frequently Asked Questions

What neighborhood is 205 Great Lake Drive located in?
The 205 Great Lake Drive is a located in the neighborhood of Lakeridge Townhomes in Lakeridge Townhomes, Cary.
What is the average sales price for listings in 205 Great Lake Drive?
The average sales price for units in 205 Great Lake Drive is $0 currently.

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