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510 Madison Avenue

510 Madison Avenue, Cary, NC 27513
Property in Sunset Hills
Sold Sep 10, 2021
$335,000
$268,000 by Better Mortgage Corporation
Mortgage Due Oct 01, 2041
Sold Jan 27, 2016
$112,500
510 Madison Avenue in Cary, NC was first built in 1959 and is 65 years old. Although, the building on the property was most recently renovated and altered in 2020. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 510 Madison Avenue has 1,070 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 12,197 square feet.

Learn more about the property and building on this page. The home has a gable style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. 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. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a heating system and being fueled with nothing. 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, 510 Madison Avenue sold most recently in Sep 7, 2021 for a total of $335,000. If you work out the math, that's approximately a cost of $313.08 per sqft. Before that, the property was also sold for $112,500 in Jan 14, 2016. 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 $2,040 in taxes each year. 510 Madison Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $209,390. 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 $109,390. 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: 1959
  • Effective Year Built: 2020
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,070
  • Building Area: 1,070
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,070
  • Heating Fuel Type: None

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SUNSET HILLS SUB
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO3 SUNSET HILLS SUB BL3

Ownership

  • Current Owner : CUNNINGHAM CAROLINE
  • Previous Owner : BROWN EMILY PAIGE
  • Previous Owner 2: ANDERSON HENRY IAN
  • Owner Before Previous Owner: WILCOX ADAM M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053524

Zoning

  • Zoning: R12

Geography

  • Account Number: 0004470
  • District: 04
  • Parcel: 0764.17-12-5141 0004470
  • Lot: 3
  • Municipality: CARY
  • Latitude: 35.7889
  • Longitude: -78.7925

    Address

  • Full Address: 510 Madison Ave
  • Address - House Number: 510
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Cary
  • Carrier Code: C007
  • 4-Digit Zip Code: 4403
  • Zip Code: 27513

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,040

    Appraisal Valuation

  • Standard Deviation: 0.1335
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 353,430
  • High Value: 400,616
  • Low Value: 306,244

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $268,000
  • First Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Sep 10, 2021
  • First Open Lien Mortgage Loan Amount: $268,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2041

    Market Valuation

  • Market Total Value: $209,390
  • Market Land Value: $100,000
  • Market Improvement Value: $109,390

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $209,390
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $109,390

    Sales

  • Current Sale Contract Date: Sep 07, 2021
  • Current Sale Recording Date: Sep 10, 2021
  • Current Sale Transaction ID: 11860569056
  • Current Sale Price: $335,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 27, 2016
  • Previous Sale Contract Date: Jan 14, 2016
  • Previous Sale Amount: $112,500
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: BETTER MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Sep 10, 2021
  • First Mortgage Loan Amount: $268,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2041

About Sunset Hills



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Frequently Asked Questions

What neighborhood is 510 Madison Avenue located in?
The 510 Madison Avenue is a located in the neighborhood of Sunset Hills in Sunset Hills, Cary.
What is the average sales price for listings in 510 Madison Avenue?
The average sales price for units in 510 Madison Avenue is $0 currently.

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