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505 Parkhurst Place

505 Parkhurst Place, Cary, NC 27519
Property in Wake
Sold Dec 22, 2022
$1,060,000
$812,000 by Digital Federal Credit Union
Mortgage Due Jan 01, 2053
Sold Nov 10, 2020
$2,583,500
$4,702,270 by Flagstar Bank Fsb
Mortgage
Local assessors in Cary, NC have categorized 505 Parkhurst Place as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 8,276 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 505 Parkhurst Place has a total of 4,433 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. 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 frame control joints. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 505 Parkhurst Place was last sold in Dec 22, 2022 for $1,060,000. According to our calculations, that's $239.12 per sqft. Prior to that sales transaction, the property was sold for $2,583,500 in Nov 4, 2020. Current property owners are expected to pay $6,206 in taxes per year. The property on 505 Parkhurst Place was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $641,388. To break that down further, the land itself was valued at $130,000. While improvements to the property were assessed at a total of $511,388. 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 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 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: 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
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 4,433
  • Building Area: 4,433
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,433
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RCCOMBINATION & SUBDIVISION
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO110 THE RESERVE AT WACKENA BM2018-01616

Ownership

  • Current Owner : PERUMAL SANTHANAKRISHNAN ARUN
  • Current Owner 2: DIVYAPRABHA ULAGANATHAN DIVYAPRABHA
  • Previous Owner : GUARDIAN HHH I LLC
  • Owner Before Previous Owner: HHHUNT HOMES RALEIGH DURHAM LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: R8CU

Geography

  • Account Number: 0460296
  • District: 20
  • Parcel: 0735.04-52-8847 0460296
  • Lot: 110
  • Municipality: WHITE OAK
  • Latitude: 35.8186
  • Longitude: -78.8791

    Address

  • Full Address: 505 Parkhurst Pl
  • Address - House Number: 505
  • Address - Street Name: Parkhurst
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Cary
  • Carrier Code: R079
  • 4-Digit Zip Code: 6562
  • Zip Code: 27519

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,206

    Appraisal Valuation

  • Standard Deviation: 0.0689
  • Valuation Date: Dec 28, 2022
  • Confidence Score: 96
  • Final Value: 991,305
  • High Value: 1,059,697
  • Low Value: 922,913

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $812,000
  • First Open Lien Mortgage Lender: DIGITAL FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Dec 22, 2022
  • First Open Lien Mortgage Loan Amount: $812,000
  • 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: Jan 01, 2053

    Market Valuation

  • Market Total Value: $641,388
  • Market Land Value: $130,000
  • Market Improvement Value: $511,388

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $641,388
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $511,388

    Sales

  • Current Sale Contract Date: Dec 22, 2022
  • Current Sale Recording Date: Dec 22, 2022
  • Current Sale Transaction ID: 11900179206
  • Current Sale Price: $1,060,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Nov 10, 2020
  • Previous Sale Contract Date: Nov 04, 2020
  • Previous Sale Amount: $2,583,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DIGITAL FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Dec 22, 2022
  • First Mortgage Loan Amount: $812,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: FLAGSTAR BANK FSB
  • Previous Mortgage Transaction Date: Nov 10, 2020
  • Previous Mortgage Loan Amount: $4,702,270
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 505 Parkhurst Place located in?
The 505 Parkhurst Place is a located in the neighborhood of Wake in Cary, Cary.
What is the average sales price for listings in 505 Parkhurst Place?
The average sales price for units in 505 Parkhurst Place is $0 currently.

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