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512 Fumagalli Drive

512 Fumagalli Drive, Cary, NC 27519
Townhouse in Wake
Sold Apr 03, 2020
$360,000
Sold Oct 04, 2019
$366,000
Local assessors in Cary, NC have categorized 512 Fumagalli Drive as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 2,614 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse 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 512 Fumagalli Drive has a total of 2,573 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 420 sqft. 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. 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, 512 Fumagalli Drive sold most recently in Mar 6, 2020 for a total of $360,000. If you work out the math, that's approximately a cost of $139.91 per sqft. Before that, the property was also sold for $366,000 in Sep 27, 2019. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,038 in taxes each year. 512 Fumagalli Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $416,542. If we break it down further, the land itself was valued at $60,000. Improvements to the property, however, were assessed at a total of $356,542. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Townhouse
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,614
  • Total Building Area: 2,573
  • Building Area: 2,573
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,573
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: THE TOWNES AT MILLS PARK
  • Land Acres: 0.06
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO30 THE TOWNES AT MILLS PARK BM2016-00269

Ownership

  • Current Owner : LAI FANG MING
  • Current Owner 2: LI QIN
  • Previous Owner : SPH TWO LLC
  • Owner Before Previous Owner: DESAI SIDHARTH
  • Owner Before Previous Owner 2: DESAI SUCHITRA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053410

Zoning

  • Zoning: TRCU

Geography

  • Account Number: 0437680
  • District: 20
  • Parcel: 0725.04-80-0599 0437680
  • Lot: 30
  • Municipality: WHITE OAK
  • Latitude: 35.8123
  • Longitude: -78.9052

    Address

  • Full Address: 512 Fumagalli Dr
  • Address - House Number: 512
  • Address - Street Name: Fumagalli
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Cary
  • Carrier Code: R082
  • 4-Digit Zip Code: 7207
  • Zip Code: 27519

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,038

    Appraisal Valuation

  • Standard Deviation: 0.0687
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 96
  • Final Value: 351,732
  • High Value: 375,897
  • Low Value: 327,566

    Market Valuation

  • Market Total Value: $416,542
  • Market Land Value: $60,000
  • Market Improvement Value: $356,542

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $416,542
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $356,542

    Sales

  • Current Sale Contract Date: Mar 06, 2020
  • Current Sale Recording Date: Apr 03, 2020
  • Current Sale Transaction ID: 11761772470
  • Current Sale Price: $360,000
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Oct 04, 2019
  • Previous Sale Contract Date: Sep 27, 2019
  • Previous Sale Amount: $366,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EQUITY RESOURCES INC
  • First Mortgage Transaction Date: Apr 03, 2020
  • First Mortgage Loan Amount: $288,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

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Frequently Asked Questions

What neighborhood is 512 Fumagalli Drive located in?
The 512 Fumagalli Drive is a townhouse located in the neighborhood of Wake in Cary, Cary.
What is the average sales price for listings in 512 Fumagalli Drive?
The average sales price for units in 512 Fumagalli Drive is $0 currently.

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