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3412 Teravista Way

3412 Teravista Way, Wake Forest, NC 27587
Sold Nov 16, 2021
$440,500
$135,500 by Pennymac Loan Services Llc
Mortgage Due Dec 01, 2051
Sold May 29, 2020
$310,000
$248,000 by Royal United Mortgage Llc
Mortgage Due Jun 01, 2050
3412 Teravista Way in Wake Forest, NC was first built in 2016 and is 8 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 3412 Teravista Way has 2,682 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,405 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 400 sqft. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 3412 Teravista Way sold most recently in Nov 16, 2021 for a total of $440,500. If you work out the math, that's approximately a cost of $164.24 per sqft. Before that, the property was also sold for $310,000 in May 23, 2020. 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 $3,079 in taxes each year. 3412 Teravista Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $302,074. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $262,074. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Parking

Garage Parking
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: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,682
  • Building Area: 2,682
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,682
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND CREEK
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO561 HIGHLAND CREEK PH15 BM2015-01932

Ownership

  • Current Owner : DAN HONG
  • Current Owner 2: CUI HONGJIANG
  • Previous Owner : CASTINGLIONE ANTONIO J
  • Previous Owner 2: CASTINGLIONE KAYLA R
  • Owner Before Previous Owner: MEICHIORI GIANCARLO
  • Owner Before Previous Owner 2: MEICHIORI THAIS CORREA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054209

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: BK 2015 PG 1932
  • Account Number: 0433921
  • District: 19
  • Subdivision Phase Number: 15
  • Parcel: 1748.03-23-2201 0433921
  • Lot: 561
  • Municipality: WAKE FOREST
  • Latitude: 35.901
  • Longitude: -78.5198

    Address

  • Full Address: 3412 Teravista Way
  • Address - House Number: 3412
  • Address - Street Name: Teravista
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R078
  • 4-Digit Zip Code: 9310
  • Zip Code: 27616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,079

    Appraisal Valuation

  • Standard Deviation: 0.1283
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 508,592
  • High Value: 573,857
  • Low Value: 443,327

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,500
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Nov 16, 2021
  • First Open Lien Mortgage Loan Amount: $135,500
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $302,074
  • Market Land Value: $40,000
  • Market Improvement Value: $262,074

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $302,074
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $262,074

    Sales

  • Current Sale Contract Date: Nov 16, 2021
  • Current Sale Recording Date: Nov 16, 2021
  • Current Sale Transaction ID: 11869130076
  • Current Sale Price: $440,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 29, 2020
  • Previous Sale Contract Date: May 23, 2020
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Nov 16, 2021
  • First Mortgage Loan Amount: $135,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ROYAL UNITED MORTGAGE LLC
  • Previous Mortgage Transaction Date: May 29, 2020
  • Previous Mortgage Loan Amount: $248,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2050

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Frequently Asked Questions

What neighborhood is 3412 Teravista Way located in?
The 3412 Teravista Way is a located in the neighborhood of Northeast Raleigh in Northeast Raleigh, Wake Forest.
What is the average sales price for listings in 3412 Teravista Way?
The average sales price for units in 3412 Teravista Way is $0 currently.

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