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3801 Westbury Lake Drive

3801 Westbury Lake Drive, Raleigh, NC 27603
Sold Oct 28, 2005
$720,000
$400,000 by Stifel Bank And Trust
Mortgage Due Nov 01, 2053
3801 Westbury Lake Drive 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. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3801 Westbury Lake Drive has 4,292 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 partial basement that is 1,368 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 30,056 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 144 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 frame 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 wood. 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. 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, 3801 Westbury Lake Drive sold most recently in Oct 28, 2005 for a total of $720,000. If you work out the math, that's approximately a cost of $167.75 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 $4,954 in taxes each year. 3801 Westbury Lake Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $632,769. If we break it down further, the land itself was valued at $95,000. Improvements to the property, however, were assessed at a total of $537,769. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

Carport
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: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Rock and stone
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,368
  • Garage Type: Garage
  • Garage Square Area: 144
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 30,056
  • Total Building Area: 4,292
  • Building Area: 4,292
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,292
  • Heating Fuel Type: Wood

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WESTBURY SUB
  • Land Acres: 0.69
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO28 WESTBURY SUB PH1 BLD2&3 BM2004-00559

Ownership

  • Current Owner : OSBORNE REX A
  • Current Owner 2: OSBORNE CHRISTINE L
  • Previous Owner : TRIPP LOYD BUILDERS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053111

Zoning

  • Zoning: RA

Geography

  • Account Number: 0316443
  • District: 18
  • Subdivision Phase Number: 1
  • Parcel: 0689.02-67-7269 0316443
  • Lot: 28
  • Municipality: SWIFT CREEK
  • Latitude: 35.6656
  • Longitude: -78.7078

    Address

  • Full Address: 3801 Westbury Lake Dr
  • Address - House Number: 3801
  • Address - Street Name: Westbury Lake
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R010
  • 4-Digit Zip Code: 5190
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,954

    Appraisal Valuation

  • Standard Deviation: 0.0679
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 96
  • Final Value: 1,016,726
  • High Value: 1,085,778
  • Low Value: 947,675

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: STIFEL BANK AND TRUST
  • First Open Lien Mortgage Recording Date: Oct 13, 2023
  • First Open Lien Mortgage Loan Amount: $400,000
  • 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: Nov 01, 2053

    Market Valuation

  • Market Total Value: $632,769
  • Market Land Value: $95,000
  • Market Improvement Value: $537,769

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $632,769
  • Assessed Land Value: $95,000
  • Assessed Improvements Value: $537,769

    Sales

  • Current Sale Contract Date: Oct 28, 2005
  • Current Sale Recording Date: Oct 28, 2005
  • Current Sale Transaction ID: 1129783476
  • Current Sale Price: $720,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: E-LOAN INC
  • First Mortgage Transaction Date: Oct 28, 2005
  • First Mortgage Loan Amount: $576,000
  • First Mortgage Terms: 360
  • First 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.)
  • First Mortgage Loan Due Date: Nov 01, 2035

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Murray Farms



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Frequently Asked Questions

What neighborhood is 3801 Westbury Lake Drive located in?
The 3801 Westbury Lake Drive is a house located in the neighborhood of Murray Farms in Murray Farms, Raleigh.
What is the average sales price for listings in 3801 Westbury Lake Drive?
The average sales price for units in 3801 Westbury Lake Drive is $0 currently.

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