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503 Fanning Way

503 Fanning Way, Durham, NC 27704
Property in Northeast Durham
Sold Sep 25, 2015
$195,000
$197,000 by State Employees Cu
Mortgage Due Oct 01, 2045
Sold Jun 27, 2005
$244,500
$171,500 by Rbc Mortgage Co
Mortgage Due Jul 01, 2035
503 Fanning Way 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 2005 and is 19 years old. The home has a total of 4 bedrooms. Residents will have access to 2 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, 503 Fanning Way has 1,759 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 8,276 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. The property was last sold in Sep 23, 2015 for $195,000. That's $110.86 per sqft. Prior to that sales transaction, the property was also sold in Jun 23, 2005 for $244,500. 503 Fanning Way was last assessed in 2023. The total value of the property was assessed at $191,251. Specifically, the land the property is located on was valued at $29,825. While improvements on the property were assessed at a total of $161,426. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,505. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,759
  • Building Area: 1,759
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,759
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VLGINDPK 2/JEF P1
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VLGINDPK 2/JEF/PH:01/LT#5 4 PL000155-000359

Ownership

  • Current Owner : CHARLES ANNETTA M
  • Previous Owner : WILLIAMS MELANIE S
  • Previous Owner 2: WILLIAMS ROBERT
  • Owner Before Previous Owner: F&L DEVELOPERS INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 001709

Zoning

  • Zoning: PDR 4.300

Geography

  • Assessors Map Reference: BK 155 PG 359
  • Parcel: 172297
  • Lot: 54
  • Municipality: CITY OF DURHAM
  • Latitude: 36.0534
  • Longitude: -78.8884

    Address

  • Full Address: 503 Fanning Way
  • Address - House Number: 503
  • Address - Street Name: Fanning
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Durham
  • Carrier Code: C010
  • 4-Digit Zip Code: 2202
  • Zip Code: 27704

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,505

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 78
  • Final Value: 369,775
  • High Value: 431,981
  • Low Value: 307,568

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $197,000
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Sep 25, 2015
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $197,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2045

    Market Valuation

  • Market Total Value: $191,251
  • Market Land Value: $29,825
  • Market Improvement Value: $161,426

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $191,251
  • Assessed Land Value: $29,825
  • Assessed Improvements Value: $161,426

    Sales

  • Current Sale Contract Date: Sep 23, 2015
  • Current Sale Recording Date: Sep 25, 2015
  • Current Sale Transaction ID: 1321985343
  • Current Sale Price: $195,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015032266
  • Previous Sale Recording Date: Jun 27, 2005
  • Previous Sale Contract Date: Jun 23, 2005
  • Previous Sale Amount: $244,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Sep 25, 2015
  • First Mortgage Loan Amount: $197,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Oct 01, 2045

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: RBC MORTGAGE CO
  • Previous Mortgage Transaction Date: Jun 27, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $171,500
  • Previous Mortgage Term: 360
  • Previous 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.)
  • Previous Mortgage Loan Due Date: Jul 01, 2035

About Northeast Durham



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Frequently Asked Questions

What neighborhood is 503 Fanning Way located in?
The 503 Fanning Way is a located in the neighborhood of Northeast Durham in Northeast Durham, Durham.
What is the average sales price for listings in 503 Fanning Way?
The average sales price for units in 503 Fanning Way is $0 currently.

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