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405 Morgan Ridge Road

405 Morgan Ridge Road, Holly Springs, NC 27540
Property in Morgan Park
Sold Dec 20, 2016
$371,000
$408,000 by Wells Fargo Bank Na
Mortgage Due Apr 01, 2037
405 Morgan Ridge Road has been categorized by the local assessors in Holly Springs, NC as a residential type of property. The building on the property was first built in 2016 and is 8 years old. 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, 405 Morgan Ridge Road has 2,820 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 6,534 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 360 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 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. 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, 405 Morgan Ridge Road was last sold in Dec 20, 2016 for $371,000. According to our calculations, that's $131.56 per sqft. Current property owners are expected to pay $4,131 in taxes per year. The property on 405 Morgan Ridge Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $394,915. To break that down further, the land itself was valued at $60,000. While improvements to the property were assessed at a total of $334,915. 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. 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. 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: 2016
  • Effective Year Built: 2016
  • 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: 360
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 2,820
  • Building Area: 2,820
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,820
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MORGAN PARK
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO40 MORGAN PARK PH2 BM2015-01558

Ownership

  • Current Owner : MOLLA DANIEL
  • Current Owner 2: GETACHEW AYNALEM
  • Previous Owner : STANDRD PACIFIC OF THE CAROLINAS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053207

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: BK 2015 PG 1558
  • Account Number: 0432695
  • District: 06
  • Subdivision Phase Number: 2
  • Parcel: 0648.07-57-5971 0432695
  • Lot: 40
  • Municipality: HOLLY SPRINGS
  • Latitude: 35.6401
  • Longitude: -78.8466

    Address

  • Full Address: 405 Morgan Ridge Rd
  • Address - House Number: 405
  • Address - Street Name: Morgan Ridge
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Holly Springs
  • Carrier Code: R094
  • 4-Digit Zip Code: 4455
  • Zip Code: 27540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,131

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 653,781
  • High Value: 734,706
  • Low Value: 572,856

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $408,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Mar 02, 2022
  • First Open Lien Mortgage Loan Amount: $408,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2037

    Market Valuation

  • Market Total Value: $394,915
  • Market Land Value: $60,000
  • Market Improvement Value: $334,915

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $394,915
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $334,915

    Sales

  • Current Sale Contract Date: Dec 20, 2016
  • Current Sale Recording Date: Dec 20, 2016
  • Current Sale Transaction ID: 1928103693
  • Current Sale Price: $371,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALATLANTIC MORTGAGE INC
  • First Mortgage Transaction Date: Dec 20, 2016
  • First Mortgage Loan Amount: $325,192
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jan 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Morgan Park



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Frequently Asked Questions

What neighborhood is 405 Morgan Ridge Road located in?
The 405 Morgan Ridge Road is a located in the neighborhood of Morgan Park in Morgan Park, Holly Springs.
What is the average sales price for listings in 405 Morgan Ridge Road?
The average sales price for units in 405 Morgan Ridge Road is $0 currently.

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