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316 Price Lake Way

316 Price Lake Way, Fuquay Varina, NC 27526
Property in South Lakes
Sold Apr 28, 2017
$320,000
$200,000 by Jg Wentworth Home Lending Inc
Mortgage Due May 01, 2047
Local assessors in Fuquay Varina, NC have categorized 316 Price Lake Way as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 9,583 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 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 316 Price Lake Way has a total of 2,107 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 542 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, 316 Price Lake Way sold most recently in Apr 28, 2017 for a total of $320,000. If you work out the math, that's approximately a cost of $151.87 per sqft. 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 $3,413 in taxes each year. 316 Price Lake Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $324,836. If we break it down further, the land itself was valued at $76,000. Improvements to the property, however, were assessed at a total of $248,836. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 542
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 2,107
  • Building Area: 2,107
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,107
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTH LAKES
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO974 SOUTH LAKES PARCEL SF-7 PHA,B&C BM2016-00410

Ownership

  • Current Owner : HAINES DONALD K
  • Current Owner 2: HAINES SUSAN E
  • Previous Owner : M I HOMES OF RALEIGH LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053108

Zoning

  • Zoning: PUD

Geography

  • Account Number: 0436211
  • District: 12
  • Subdivision Phase Number: A
  • Parcel: 0676.02-55-8932 0436211
  • Lot: 974
  • Municipality: MIDDLE CREEK
  • Latitude: 35.5795
  • Longitude: -78.745

    Address

  • Full Address: 316 Price Lake Way
  • Address - House Number: 316
  • Address - Street Name: Price Lake
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Fuquay Varina
  • Carrier Code: R028
  • 4-Digit Zip Code: 0120
  • Zip Code: 27526

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,413

    Appraisal Valuation

  • Standard Deviation: 0.1165
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 87
  • Final Value: 546,038
  • High Value: 609,704
  • Low Value: 482,371

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $399,500
  • First Open Lien Mortgage Lender: JG WENTWORTH HOME LENDING INC
  • First Open Lien Mortgage Recording Date: Apr 28, 2017
  • First Open Lien Mortgage Loan Amount: $200,000
  • 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: May 01, 2047
  • Second Open Lien Mortgage Lender: TRUIST BANK
  • Second Open Lien Mortgage Recording Date: Mar 16, 2020
  • Second Open Lien Mortgage Loan Amount: $199,500
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2030

    Market Valuation

  • Market Total Value: $324,836
  • Market Land Value: $76,000
  • Market Improvement Value: $248,836

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $324,836
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $248,836

    Sales

  • Current Sale Contract Date: Apr 28, 2017
  • Current Sale Recording Date: Apr 28, 2017
  • Current Sale Transaction ID: 1811466543
  • Current Sale Price: $320,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JG WENTWORTH HOME LENDING INC
  • First Mortgage Transaction Date: Apr 28, 2017
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2047

About South Lakes



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Frequently Asked Questions

What neighborhood is 316 Price Lake Way located in?
The 316 Price Lake Way is a located in the neighborhood of South Lakes in South Lakes, Fuquay Varina.
What is the average sales price for listings in 316 Price Lake Way?
The average sales price for units in 316 Price Lake Way is $0 currently.

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