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501 James Jackson Avenue

501 James Jackson Avenue, Cary, NC 27513
Commercial in Wake
2 Units For Sale
Unit for sale at 501 James Jackson Avenue, Cary, NC 27513

$6,150 ↓ $513

  • Commercial
501 James Jackson Avenue #509AND511, Cary, NC 27513 Listing by Vandan Gandhi

Unit for sale at 501 James Jackson Avenue, Cary, NC 27513

$3,075 ↓ $598

  • Commercial
501 James Jackson Avenue #505, Cary, NC 27513 Listing by Vandan Gandhi

Local assessors in Cary, NC have categorized 501 James Jackson Avenue as a industrial type of property. The home was built in 1999 and is 25 years old. The property's lot size has been calculated to be 72,310 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 501 James Jackson Avenue has a total of 12,308 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. 501 James Jackson Avenue is a 1 code building. This code stands for "buildings that have fireproofed structural steel frames carrying all wall, floor and roof loads. The walls, floors and roof structures are built of non-combustible materials.". 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. 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 concrete block control joints. The building has a flat style roof. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. 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, 501 James Jackson Avenue sold most recently in Sep 26, 2005 for a total of $1,250,000. If you work out the math, that's approximately a cost of $101.56 per sqft. Before that, the property was also sold for $1,450,000 in Aug 20, 1999. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $18,169 in taxes each year. 501 James Jackson Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,883,812. If we break it down further, the land itself was valued at $414,792. Improvements to the property, however, were assessed at a total of $1,469,020. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.

This property description is generated based on publicly available data.

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210106 Unit 507
01/06/2021
507
Loft
-
-
$2,648
bedrooms
Loft
bathrooms
-
-
-
-
Vandan Gandhi
Keller Williams Elite Realty
20190718 Unit 505
07/18/2019
505
Loft
-
-
$3,075
bedrooms
Loft
bathrooms
-
-
-
-
-
20190717 Unit 507
07/17/2019
507
Loft
-
-
$2,881
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Construction Type: Concrete block
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Flat
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 72,310
  • Total Building Area: 12,308
  • Building Area: 12,308
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 12,308
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Fireproof structural steel frames/Non-combustible materials
  • Property Class: Industrial
  • Subdivision: PRESTON EAST INDUSTRIAL PARK
  • Land Acres: 1.66
  • Standard Land Use Code: Warehouse (industrial)
  • Legal Description 1: LOC PRESTON E INDUSTRIAL PARK BM1998-01522

Ownership

  • Current Owner : CFI KNOW PROPERTIES LLC
  • Previous Owner : Y & Y PROPERTIES LLC
  • Owner Before Previous Owner: GEM INVESTMENTS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053523

Zoning

  • Zoning: ORD

Geography

  • Account Number: 0247166
  • District: 04
  • Subdivision Tract Number: 8
  • Parcel: 0754.11-55-7678 0247166
  • Lot: C
  • Municipality: CARY
  • Latitude: 35.7987
  • Longitude: -78.8119

    Address

  • Full Address: 501 James Jackson Ave
  • Address - House Number: 501
  • Address - Street Name: James Jackson
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Cary
  • Carrier Code: R035
  • 4-Digit Zip Code: 8101
  • Zip Code: 27513

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,169

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,250,000
  • First Open Lien Mortgage Lender: WACHOVIA BANK NA
  • First Open Lien Mortgage Recording Date: Sep 26, 2005
  • First Open Lien Mortgage Loan Amount: $1,250,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $1,883,812
  • Market Land Value: $414,792
  • Market Improvement Value: $1,469,020

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,883,812
  • Assessed Land Value: $414,792
  • Assessed Improvements Value: $1,469,020

    Sales

  • Current Sale Contract Date: Sep 26, 2005
  • Current Sale Recording Date: Sep 26, 2005
  • Current Sale Transaction ID: 11472847263
  • Current Sale Price: $1,250,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 23, 1999
  • Previous Sale Contract Date: Aug 20, 1999
  • Previous Sale Amount: $1,450,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WACHOVIA BANK NA
  • First Mortgage Transaction Date: Sep 26, 2005
  • First Mortgage Loan Amount: $1,250,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: SOUTHTRUST BANK NATIONAL ASSN
  • Previous Mortgage Transaction Date: Aug 23, 1999
  • Previous Mortgage Loan Amount: $1,160,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Cary



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Frequently Asked Questions

What neighborhood is 501 James Jackson Avenue located in?
The 501 James Jackson Avenue is a commercial located in the neighborhood of Wake in Cary, Cary.
How many listings are currently for sale in 501 James Jackson Avenue?
There are two listings currently on the market for sale.
What is the average sales price for listings in 501 James Jackson Avenue?
The average sales price for units in 501 James Jackson Avenue is $4,613 currently.

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