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2622 Village Manor Way

2622 Village Manor Way, Raleigh, NC 27614
Sold Nov 06, 2018
$1,150,000
$897,000 by Wells Fargo Bank Na
Mortgage Due Apr 01, 2051
Sold Sep 07, 2005
$1,539,000
$1,000,000 by Washington Mutual Bank Fa
Mortgage Due Oct 01, 2035
2622 Village Manor Way 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 2005 and is 19 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2622 Village Manor Way has 6,984 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,388 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 22,651 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 720 sqft. 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 stone control joints. The exterior walls of the building are made of rock and stone. 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. 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, 2622 Village Manor Way was last sold in Nov 5, 2018 for $1,150,000. According to our calculations, that's $164.66 per sqft. Prior to that sales transaction, the property was sold for $1,539,000 in Aug 2, 2005. Current property owners are expected to pay $10,669 in taxes per year. The property on 2622 Village Manor Way was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,051,745. To break that down further, the land itself was valued at $130,000. While improvements to the property were assessed at a total of $921,745. 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: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Stone
  • Building Style: Conventional
  • Exterior Walls Type: Rock and stone
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 1,388
  • Garage Type: Garage
  • Garage Square Area: 720
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 6,984
  • Building Area: 6,984
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,984
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FAIRVIEW
  • Land Acres: 0.52
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT49 WKFLD PLTN FAIRVIEW P2 BM2004-00676

Ownership

  • Current Owner : SCHOFIELD BRANT
  • Current Owner 2: SCHOFIELD JENNIFER
  • Previous Owner : RAYMER GREGORY P
  • Previous Owner 2: RAYMER CHERYL E
  • Owner Before Previous Owner: CHARLES GRANTHAM INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054207

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0322584
  • District: 19
  • Parcel: 1830.03-03-2017 0322584
  • Lot: 49
  • Municipality: WAKE FOREST
  • Latitude: 35.9557
  • Longitude: -78.5601

    Address

  • Full Address: 2622 Village Manor Way
  • Address - House Number: 2622
  • Address - Street Name: Village Manor
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R096
  • 4-Digit Zip Code: 8097
  • Zip Code: 27614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,669

    Appraisal Valuation

  • Standard Deviation: 0.1312
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 1,599,299
  • High Value: 1,809,137
  • Low Value: 1,389,460

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $897,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Mar 16, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $897,000
  • 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, 2051

    Market Valuation

  • Market Total Value: $1,051,745
  • Market Land Value: $130,000
  • Market Improvement Value: $921,745

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,051,745
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $921,745

    Sales

  • Current Sale Contract Date: Nov 05, 2018
  • Current Sale Recording Date: Nov 06, 2018
  • Current Sale Transaction ID: 11529825459
  • Current Sale Price: $1,150,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 07, 2005
  • Previous Sale Contract Date: Aug 02, 2005
  • Previous Sale Amount: $1,539,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Nov 06, 2018
  • First Mortgage Loan Amount: $920,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Sep 07, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Oct 01, 2035

About North Raleigh



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Frequently Asked Questions

What neighborhood is 2622 Village Manor Way located in?
The 2622 Village Manor Way is a house located in the neighborhood of Fairview at Wakefield Plantation in North Raleigh, Raleigh.
What is the average sales price for listings in 2622 Village Manor Way?
The average sales price for units in 2622 Village Manor Way is $0 currently.

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