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525 Myrna Lane

525 Myrna Lane, Wake Forest, NC 27587
House in Wake
Sold Sep 09, 2019
$849,000
$275,000 by First Heritage Mortgage Llc
Mortgage Due Oct 01, 2034
Local assessors in Wake Forest, NC have categorized 525 Myrna Lane 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 23,087 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 525 Myrna Lane has a total of 3,916 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 391 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, 525 Myrna Lane sold most recently in Aug 16, 2019 for a total of $849,000. If you work out the math, that's approximately a cost of $216.80 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 $9,386 in taxes each year. 525 Myrna Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $811,673. If we break it down further, the land itself was valued at $110,000. Improvements to the property, however, were assessed at a total of $701,673. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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

Condition

New Construction

Parking

Attached Garage
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 Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 391
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Total Building Area: 3,916
  • Building Area: 3,916
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,916
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: STONEWATER
  • Land Acres: 0.53
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO109 STONEWATER PH3 BM2018-00751

Ownership

  • Current Owner : THOMAS HELEN
  • Current Owner 2: THOMAS JONATHAN M
  • Previous Owner : ICG HOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054216

Zoning

  • Zoning: RM-CZ

Geography

  • Assessors Map Reference: BK 2018 PG 751
  • Account Number: 0455351
  • District: 19
  • Subdivision Phase Number: 3
  • Parcel: 1749.02-65-7491 0455351
  • Lot: 109
  • Municipality: WAKE FOREST
  • Latitude: 35.9345
  • Longitude: -78.5041

    Address

  • Full Address: 525 Myrna Ln
  • Address - House Number: 525
  • Address - Street Name: Myrna
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R042
  • 4-Digit Zip Code: 8853
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,386

    Appraisal Valuation

  • Standard Deviation: 0.1218
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 86
  • Final Value: 1,109,584
  • High Value: 1,244,824
  • Low Value: 974,345

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $535,071
  • First Open Lien Mortgage Lender: FIRST HERITAGE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 09, 2019
  • First Open Lien Mortgage Loan Amount: $275,000
  • 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: Oct 01, 2034
  • Second Open Lien Mortgage Lender: FREEDOM MORTGAGE CORP
  • Second Open Lien Mortgage Recording Date: May 07, 2021
  • Second Open Lien Mortgage Loan Amount: $260,071
  • Second Open Lien Mortgage Term: 163
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2035

    Market Valuation

  • Market Total Value: $811,673
  • Market Land Value: $110,000
  • Market Improvement Value: $701,673

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $811,673
  • Assessed Land Value: $110,000
  • Assessed Improvements Value: $701,673

    Sales

  • Current Sale Contract Date: Aug 16, 2019
  • Current Sale Recording Date: Sep 09, 2019
  • Current Sale Transaction ID: 11645193557
  • Current Sale Price: $849,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HERITAGE MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 09, 2019
  • First Mortgage Loan Amount: $275,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2034

About Wake



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Frequently Asked Questions

What neighborhood is 525 Myrna Lane located in?
The 525 Myrna Lane is a house located in the neighborhood of Wake in Wake, Wake Forest.
What is the average sales price for listings in 525 Myrna Lane?
The average sales price for units in 525 Myrna Lane is $0 currently.

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