See Home Value
Cary 27513
506 Ferrell Street
$1,126,886*
House - Off Market

506 Ferrell Street

Cary, NC 27513
bedrooms
Studio
bathrooms
3.5 Baths, 1 Half Bath
square feet
2967 Sqft
$1,013,000 - $1,237,000
Reference Base Price*
0.17%
Since Jul 1, 2023
National-US
Primary Model
Sold Jan 29, 2024
$1,000,000
$750,000 by Draper & Kramer Mortgage Corp.
Mortgage Due Feb 01, 2054
Sold Dec 09, 2021
$205,000
$647,500 by North State Bank
Mortgage Due Dec 15, 2022

About This Property

CARY DOWNTOWN MODERN MASTERPIECE! "BOUNTIFUL" IS A MODERN, CLEAN-LINE-DESIGN FLOOR PLAN...OVERSIZED SOFFIT ROOFLINE OVERHANGS WITH DOWN-LIGHTINNG...CUSTOM PELLA WINDOWS & CUSTOM SIDING PATTERNS FOR TRUE MODERN DESIGN ASPECTS. STACKED STONE FACADE TO ADD TEXTURE ELEMENTS...MODERN KITCHEN WITH 2-TONED CABONETS IN LIGHT WOOD & WHITE WITH WATERFALL-EDGE ISLAND. OPEN FLOOR PLAN FEATURES 15' CEILINGS IN GREAT ROOM & UNIQUE SEPARATE GUESTROOM "CASITA" ON THE MAIN FLOOR THAT CAN BE HOME OFFICE OR POOL-HOUSE...OVER-SIZED THREE CAR GARAGE OFFERS AMAZING STORAGE POSSIBILITIES. SCREENED PORCH INSTEAD OF DECK/PATIO ON DESIGN WITH PASS-THRU WINDOW FROM KITCHEN! HURRY & MAKE FINAL SELECTIONS!

The manager has listed the unit size as 2967 square feet.
Unit Size
2,967Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$379
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

Price History

Date / Event Date Event Price
Jan 29, 2024 Sold to Valenta $1,000,000
Sold to Valenta
Jun 17, 2023 No longer available -
No longer available
May 11, 2022 Price Increased $1,125,000
↑ $100K (9.8%)
Price Increased
Dec 30, 2021 Listed $1,025,000
Listed
Dec 9, 2021 Sold $205,000
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 932
  • Building Area: 932
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 932
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CORA ADAMS LAND
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO4 CCS DEVELOPMENT UNRCD SRVY

Ownership

  • Current Owner : VALENTA 2018 REVOCABLE TRUST
  • Current Owner 2: VALENTA
  • Previous Owner : ZENITH HOMES LLC
  • Owner Before Previous Owner: CCS DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053520

Zoning

  • Zoning: TRP

Geography

  • Account Number: 0007389
  • District: 04
  • Parcel: 0764.15-53-6210 0007389
  • Lot: 4
  • Municipality: CARY
  • Latitude: 35.7919
  • Longitude: -78.7788

    Address

  • Full Address: 506 Ferrell St
  • Address - House Number: 506
  • Address - Street Name: Ferrell
  • Address - Suffix Type: St
  • State: NC
  • City Name: Cary
  • Carrier Code: C010
  • 4-Digit Zip Code: 4636
  • Zip Code: 27513

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,451

    Appraisal Valuation

  • Standard Deviation: 0.1222
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 86
  • Final Value: 388,987
  • High Value: 436,524
  • Low Value: 341,450

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $750,000
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP.
  • First Open Lien Mortgage Recording Date: Jan 29, 2024
  • First Open Lien Mortgage Loan Amount: $750,000
  • 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: Feb 01, 2054

    Market Valuation

  • Market Total Value: $244,650
  • Market Land Value: $74,750
  • Market Improvement Value: $169,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $244,650
  • Assessed Land Value: $74,750
  • Assessed Improvements Value: $169,900

    Sales

  • Current Sale Contract Date: Jan 29, 2024
  • Current Sale Recording Date: Jan 29, 2024
  • Current Sale Transaction ID: 11920088754
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 09, 2021
  • Previous Sale Contract Date: Dec 09, 2021
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP.
  • First Mortgage Transaction Date: Jan 29, 2024
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: NORTH STATE BANK
  • Previous Mortgage Transaction Date: Dec 09, 2021
  • Previous Mortgage Loan Amount: $647,500
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Dec 15, 2022



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
Other
Loft
2.5 Baths
2,927 ft²
$413/ft²
$1,210,000 Aug 19, 2022
-
-
Other
Loft
3.5 Baths
2,825 ft²
$425/ft²
$1,200,000 Aug 19, 2022
-
-
Other
Loft
3 Baths
2,738 ft²
$404/ft²
$1,107,000 Aug 19, 2022
-
-

About Cary


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Nearby Rentals

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Frequently Asked Questions

When was property at 506 Ferrell Street built and last sold?
The property at 506 Ferrell Street was built in 2022 and last sold on Jan 29, 2024 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 506 Ferrell Street is $1,120,401.
What are some comparable homes to 506 Ferrell Street?
Homes that are comparable to 506 Ferrell Street include a other property at 113 Boyd Street, 111 Boyd Street, 117 Boyd Street.

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