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3316 Prospect Parkway

3316 Prospect Parkway, Durham, NC 27703
Property in Durham
Sold May 08, 2020
$390,000
$370,500 by Prosperity Home Mortgage Llc
Mortgage Due Jun 01, 2050
Sold Dec 22, 2016
$335,500
$318,280 by Prosperity Home Mortgage
Mortgage Due Jan 01, 2047
3316 Prospect Parkway has been categorized by the local assessors in Durham, NC as a residential type of property. The building on the property was first built in 2016 and is 8 years old. The home has a total of 5 bedrooms. 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, 3316 Prospect Parkway has 2,693 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 9,583 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 attached garage for those who require parking. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 3316 Prospect Parkway sold most recently in May 7, 2020 for a total of $390,000. If you work out the math, that's approximately a cost of $144.82 per sqft. Before that, the property was also sold for $335,500 in Dec 22, 2016. 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 $4,368 in taxes each year. 3316 Prospect Parkway was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $333,473. If we break it down further, the land itself was valued at $75,875. Improvements to the property, however, were assessed at a total of $257,598. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 2,693
  • Building Area: 2,693
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,693
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRIGHTLF@PK/TR13B/PH1B&2
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BRIGHTLEAF @ THE PARK/TR# 13B/PH:01B-02/LT#791 PL000193-000375

Ownership

  • Current Owner : FREEMAN RYAN
  • Current Owner 2: FRYML LEAH
  • Previous Owner : HAMILTON HENRY
  • Previous Owner 2: HAMILTON YVONNE
  • Owner Before Previous Owner: LEVEL CAROLINA HOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 001808

Zoning

  • Zoning: PDR 3.990

Geography

  • Assessors Map Reference: BK 193 PG 375
  • Subdivision Tract Number: 13
  • Parcel: 217196
  • Lot: 791
  • Municipality: CITY OF DURHAM
  • Latitude: 35.9549
  • Longitude: -78.8076

    Address

  • Full Address: 3316 Prospect Pkwy
  • Address - House Number: 3316
  • Address - Street Name: Prospect
  • Address - Suffix Type: Pkwy
  • State: NC
  • City Name: Durham
  • Carrier Code: R041
  • 4-Digit Zip Code: 8360
  • Zip Code: 27703

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,368

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 79
  • Final Value: 549,502
  • High Value: 640,056
  • Low Value: 458,949

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $370,500
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 08, 2020
  • First Open Lien Mortgage Loan Amount: $370,500
  • 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: Jun 01, 2050

    Market Valuation

  • Market Total Value: $333,473
  • Market Land Value: $75,875
  • Market Improvement Value: $257,598

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $333,473
  • Assessed Land Value: $75,875
  • Assessed Improvements Value: $257,598

    Sales

  • Current Sale Contract Date: May 07, 2020
  • Current Sale Recording Date: May 08, 2020
  • Current Sale Transaction ID: 11758883276
  • Current Sale Price: $390,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020016456
  • Previous Sale Recording Date: Dec 22, 2016
  • Previous Sale Contract Date: Dec 22, 2016
  • Previous Sale Amount: $335,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: May 08, 2020
  • First Mortgage Loan Amount: $370,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: PROSPERITY HOME MORTGAGE
  • Previous Mortgage Transaction Date: Dec 22, 2016
  • Previous Mortgage Loan Amount: $318,280
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2047

About Durham



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Frequently Asked Questions

What neighborhood is 3316 Prospect Parkway located in?
The 3316 Prospect Parkway is a located in the neighborhood of Durham in Durham, Durham.
What is the average sales price for listings in 3316 Prospect Parkway?
The average sales price for units in 3316 Prospect Parkway is $0 currently.

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