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505 Ivy Arbor Way

505 Ivy Arbor Way, Holly Springs, NC 27540
Property in Twelve Oaks
Sold Mar 16, 2020
$560,000
$500,354 by Eagle Home Mortgage Llc
Mortgage Due Apr 01, 2050
505 Ivy Arbor Way in Holly Springs, NC was first built in 2019 and is 5 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 3 full bathrooms. There are 3 partial bathrooms. 505 Ivy Arbor Way has 3,344 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 13,939 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 558 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 505 Ivy Arbor Way sold most recently in Mar 13, 2020 for a total of $560,000. If you work out the math, that's approximately a cost of $167.46 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 $5,291 in taxes each year. 505 Ivy Arbor Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $506,295. If we break it down further, the land itself was valued at $100,000. Improvements to the property, however, were assessed at a total of $406,295. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • 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: 558
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 3,344
  • Building Area: 3,344
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,344
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TWELVE OAKS
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO1250 TWELVE OAKS PH10 BM2018-01292

Ownership

  • Current Owner : FARLEY THOMAS JOSEPH
  • Current Owner 2: FARLEY ALLISON KATHERINE
  • Previous Owner : LENNAR CAROLINAS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 000053

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: BK 2018 PG 1292
  • Account Number: 0460810
  • District: 06
  • Subdivision Phase Number: 10
  • Parcel: 0639.02-87-9966 0460810
  • Lot: 1250
  • Municipality: HOLLY SPRINGS
  • Latitude: 35.6677
  • Longitude: -78.8688

    Address

  • Full Address: 505 Ivy Arbor Way
  • Address - House Number: 505
  • Address - Street Name: Ivy Arbor
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Holly Springs
  • Carrier Code: R095
  • 4-Digit Zip Code: 4813
  • Zip Code: 27540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,291

    Appraisal Valuation

  • Standard Deviation: 0.1279
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 840,762
  • High Value: 948,299
  • Low Value: 733,225

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,354
  • First Open Lien Mortgage Lender: EAGLE HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 16, 2020
  • First Open Lien Mortgage Loan Amount: $500,354
  • 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: Apr 01, 2050

    Market Valuation

  • Market Total Value: $506,295
  • Market Land Value: $100,000
  • Market Improvement Value: $406,295

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $506,295
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $406,295

    Sales

  • Current Sale Contract Date: Mar 13, 2020
  • Current Sale Recording Date: Mar 16, 2020
  • Current Sale Transaction ID: 11754220163
  • Current Sale Price: $560,000
  • Current Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EAGLE HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 16, 2020
  • First Mortgage Loan Amount: $500,354
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

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Frequently Asked Questions

What neighborhood is 505 Ivy Arbor Way located in?
The 505 Ivy Arbor Way is a located in the neighborhood of Twelve Oaks in Twelve Oaks, Holly Springs.
What is the average sales price for listings in 505 Ivy Arbor Way?
The average sales price for units in 505 Ivy Arbor Way is $0 currently.

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