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2221 Pauls Penny Lane

2221 Pauls Penny Lane, Raleigh, NC 27603
Sold Feb 10, 2020
$255,000
$118,300 by Wells Fargo Bank Na
Mortgage Due Mar 01, 2035
Sold Jun 14, 2010
$161,000
$128,800 by Fm Lending Services Inc
Mortgage Due Jul 01, 2040
2221 Pauls Penny Lane has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 1991 and is 33 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2221 Pauls Penny Lane has 1,615 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,227 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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 296 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 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. The property was last sold in Feb 10, 2020 for $255,000. That's $157.89 per sqft. Prior to that sales transaction, the property was also sold in May 24, 2010 for $161,000. 2221 Pauls Penny Lane was last assessed in 2022. The total value of the property was assessed at $238,495. Specifically, the land the property is located on was valued at $60,000. While improvements on the property were assessed at a total of $178,495. 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 $2,435. 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

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

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 296
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,615
  • Building Area: 1,615
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,615
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRAILWOOD SPRINGS SUB
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO9 TRAILWOOD SPRINGS SUB BM1989-1449

Ownership

  • Current Owner : MITCHELL RENEE J
  • Current Owner 2: MITCHELL REVOCABLE LIV RENEE J
  • Previous Owner : KARKI SANGITA
  • Owner Before Previous Owner: HEARON LYNN M
  • Owner Before Previous Owner 2: HEARON JAMES E
  • Ownership Rights Codes: Trustee/Conservator

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052302

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0181846
  • District: 18
  • Parcel: 0792.05-17-3762 0181846
  • Lot: 9
  • Municipality: SWIFT CREEK
  • Latitude: 35.7491
  • Longitude: -78.6921

    Address

  • Full Address: 2221 Pauls Penny Ln
  • Address - House Number: 2221
  • Address - Street Name: Pauls Penny
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C021
  • 4-Digit Zip Code: 5845
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,435

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 399,589
  • High Value: 453,981
  • Low Value: 345,197

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $118,300
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Feb 10, 2020
  • First Open Lien Mortgage Loan Amount: $118,300
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2035

    Market Valuation

  • Market Total Value: $238,495
  • Market Land Value: $60,000
  • Market Improvement Value: $178,495

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $238,495
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $178,495

    Sales

  • Current Sale Contract Date: Feb 10, 2020
  • Current Sale Recording Date: Feb 10, 2020
  • Current Sale Transaction ID: 11738539167
  • Current Sale Price: $255,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 14, 2010
  • Previous Sale Contract Date: May 24, 2010
  • Previous Sale Amount: $161,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Feb 10, 2020
  • First Mortgage Loan Amount: $118,300
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: FM LENDING SERVICES INC
  • Previous Mortgage Transaction Date: Jun 14, 2010
  • Previous Mortgage Loan Amount: $128,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2040

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Frequently Asked Questions

What neighborhood is 2221 Pauls Penny Lane located in?
The 2221 Pauls Penny Lane is a house located in the neighborhood of Trailwood Springs in Southwest Raleigh, Raleigh.
What is the average sales price for listings in 2221 Pauls Penny Lane?
The average sales price for units in 2221 Pauls Penny Lane is $254,900 , or $160/sqft. currently.

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