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3209 Cotten Road

3209 Cotten Road, Raleigh, NC 27603
Property in Banks Pointe
Sold Dec 02, 2021
$800,000
$625,000 by Corporate Investors Mortgage G
Mortgage Due Dec 01, 2051
Sold Nov 10, 2020
$2,583,500
$4,702,270 by Flagstar Bank Fsb
Mortgage
Local assessors in Raleigh, NC have categorized 3209 Cotten Road as a residential type of property. The home was built in 2018 and is 6 years old. The property's lot size has been calculated to be 26,136 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 3 full bathrooms. There are also 3 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 3209 Cotten Road has a total of 4,424 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 252 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. 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, 3209 Cotten Road was last sold in Nov 29, 2021 for $800,000. According to our calculations, that's $180.83 per sqft. Prior to that sales transaction, the property was sold for $2,583,500 in Nov 4, 2020. Current property owners are expected to pay $4,195 in taxes per year. The property on 3209 Cotten Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $578,104. To break that down further, the land itself was valued at $75,000. While improvements to the property were assessed at a total of $503,104. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 252
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 26,136
  • Total Building Area: 4,424
  • Building Area: 4,424
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,424
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BANKS POINTE
  • Land Acres: 0.6
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO61 BANKS POINTE PHIII BM2005-02366

Ownership

  • Current Owner : IYER SURESH CHATTANATHA
  • Current Owner 2: BALSUBRAMANIAM SAPNA
  • Previous Owner : GUARDIAN HHH I LLC
  • Owner Before Previous Owner: HHHUNT HOMES RALEIGH DURHAM LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053110

Zoning

  • Zoning: R-30

Geography

  • Assessors Map Reference: BK 2005 PG 2366
  • Account Number: 0334612
  • District: 12
  • Subdivision Phase Number: 3
  • Parcel: 0688.02-98-7934 0334612
  • Lot: 61
  • Municipality: MIDDLE CREEK
  • Latitude: 35.6426
  • Longitude: -78.6979

    Address

  • Full Address: 3209 Cotten Rd
  • Address - House Number: 3209
  • Address - Street Name: Cotten
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R032
  • 4-Digit Zip Code: 8899
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,195

    Appraisal Valuation

  • Standard Deviation: 0.1341
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 929,565
  • High Value: 1,054,268
  • Low Value: 804,862

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $625,000
  • First Open Lien Mortgage Lender: CORPORATE INVESTORS MORTGAGE G
  • First Open Lien Mortgage Recording Date: Dec 02, 2021
  • First Open Lien Mortgage Loan Amount: $625,000
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $578,104
  • Market Land Value: $75,000
  • Market Improvement Value: $503,104

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $578,104
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $503,104

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Dec 02, 2021
  • Current Sale Transaction ID: 11872356105
  • Current Sale Price: $800,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Nov 10, 2020
  • Previous Sale Contract Date: Nov 04, 2020
  • Previous Sale Amount: $2,583,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORPORATE INVESTORS MORTGAGE G
  • First Mortgage Transaction Date: Dec 02, 2021
  • First Mortgage Loan Amount: $625,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FLAGSTAR BANK FSB
  • Previous Mortgage Transaction Date: Nov 10, 2020
  • Previous Mortgage Loan Amount: $4,702,270
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Banks Pointe



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Frequently Asked Questions

What neighborhood is 3209 Cotten Road located in?
The 3209 Cotten Road is a located in the neighborhood of Banks Pointe in Banks Pointe, Raleigh.
What is the average sales price for listings in 3209 Cotten Road?
The average sales price for units in 3209 Cotten Road is $0 currently.

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