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5116 Windmere Chase Drive

5116 Windmere Chase Drive, Raleigh, NC 27616
Property in Belmont Hall
Sold Dec 19, 2017
$310,000
$231,492 by M/i Financial Llc
Mortgage Due Jan 01, 2033
5116 Windmere Chase Drive has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 2017 and is 7 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5116 Windmere Chase Drive has 2,636 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 7,841 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 garage for those who require parking. The garage measured 274 sqft. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 5116 Windmere Chase Drive sold most recently in Dec 19, 2017 for a total of $310,000. If you work out the math, that's approximately a cost of $117.60 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 $3,660 in taxes each year. 5116 Windmere Chase Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $359,474. If we break it down further, the land itself was valued at $70,000. Improvements to the property, however, were assessed at a total of $289,474. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 2017
  • Effective Year Built: 2017
  • 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 Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 274
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 2,636
  • Building Area: 2,636
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,636
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BELMONT
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO127 BELMONT PH4 BM2016-01936

Ownership

  • Current Owner : CHENG MING
  • Current Owner 2: CHENG AMY
  • Previous Owner : M I HOMES OF RALEIGH LLC

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054104

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: BK 2016 PG 1936
  • Account Number: 0441377
  • District: 17
  • Subdivision Phase Number: 4
  • Parcel: 1736.17-10-9460 0441377
  • Lot: 127
  • Municipality: ST MATTHEW'S
  • Latitude: 35.8385
  • Longitude: -78.5548

    Address

  • Full Address: 5116 Windmere Chase Dr
  • Address - House Number: 5116
  • Address - Street Name: Windmere Chase
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C037
  • 4-Digit Zip Code: 8089
  • Zip Code: 27616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,660

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 545,517
  • High Value: 613,041
  • Low Value: 477,993

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $428,492
  • First Open Lien Mortgage Lender: M/I FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Dec 19, 2017
  • First Open Lien Mortgage Loan Amount: $231,492
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2033
  • Second Open Lien Mortgage Lender: PROVIDENT FUNDING
  • Second Open Lien Mortgage Recording Date: Sep 20, 2021
  • Second Open Lien Mortgage Loan Amount: $197,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2036

    Market Valuation

  • Market Total Value: $359,474
  • Market Land Value: $70,000
  • Market Improvement Value: $289,474

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $359,474
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $289,474

    Sales

  • Current Sale Contract Date: Dec 19, 2017
  • Current Sale Recording Date: Dec 19, 2017
  • Current Sale Transaction ID: 11339963784
  • Current Sale Price: $310,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: M/I FINANCIAL LLC
  • First Mortgage Transaction Date: Dec 19, 2017
  • First Mortgage Loan Amount: $231,492
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2033

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Nearby Rentals

Unit for rent at

$2,250 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,250 ft²
Listing by Miki Davis
Unit for rent at

$2,195 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,100 ft²
Listing by Aparna Ahuja
Unit for rent at

$1,450 /mo

  • 2 Beds
  • 1.5 Baths
Listing by Andrea Cummings
Unit for rent at

$2,650 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,500 ft²
Listing by Miki Davis
Unit for rent at

$1,975 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,810 ft²
Listing by Judith De la Cruz
Unit for rent at

$2,100 /mo

  • 3 Beds
  • 3.5 Baths
  • 1,700 ft²
Listing by Mathew Madappallil
Unit for rent at

$1,950 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,629 ft²
Listing by Greg Beck

Frequently Asked Questions

What neighborhood is 5116 Windmere Chase Drive located in?
The 5116 Windmere Chase Drive is a located in the neighborhood of Belmont Hall in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 5116 Windmere Chase Drive?
The average sales price for units in 5116 Windmere Chase Drive is $0 currently.

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