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533 Pilot Hill Drive

533 Pilot Hill Drive, Morrisville, NC 27560
Property in Wake
Sold Jun 21, 2017
$539,000
$431,200 by Quicken Loans Inc
Mortgage Due Jul 01, 2047
Sold Jun 26, 2013
$454,500
$367,000 by Certusbank Na
Mortgage Due Jul 01, 2028
533 Pilot Hill Drive in Morrisville, NC was first built in 2013 and is 11 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 533 Pilot Hill Drive has 5,427 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. The basement is 1,295 sqft and has been categorized as a full basement. In total, the area measurement of the land is 6,970 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 420 sqft. 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. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 533 Pilot Hill Drive sold most recently in Jun 14, 2017 for a total of $539,000. If you work out the math, that's approximately a cost of $99.32 per sqft. Before that, the property was also sold for $454,500 in Jun 26, 2013. 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 $6,088 in taxes each year. 533 Pilot Hill Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $605,598. 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 $505,598. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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: 2013
  • Effective Year Built: 2013
  • 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: 1,295
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 5,427
  • Building Area: 5,427
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,427
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PHILLIPS PLACE
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO71 PHILLIPS PLACE PH1B BM2012-00141

Ownership

  • Current Owner : PATEL CHINTAN AMIT
  • Current Owner 2: PATEL KIM
  • Previous Owner : TIDHI BALARAM
  • Previous Owner 2: KANNEGANTI NEELIMA
  • Owner Before Previous Owner: KB HOME RALEIGH-DURHAM INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053620

Zoning

  • Zoning: TRP

Geography

  • Assessors Map Reference: BK 2012 PG 141
  • Account Number: 0409001
  • District: 05
  • Subdivision Phase Number: 1B
  • Parcel: 0735.02-88-2694 0409001
  • Lot: 71
  • Municipality: CEDAR FORK
  • Latitude: 35.8344
  • Longitude: -78.8708

    Address

  • Full Address: 533 Pilot Hill Dr
  • Address - House Number: 533
  • Address - Street Name: Pilot Hill
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Morrisville
  • Carrier Code: R011
  • 4-Digit Zip Code: 8164
  • Zip Code: 27560

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,088

    Appraisal Valuation

  • Standard Deviation: 0.1084
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 89
  • Final Value: 939,050
  • High Value: 1,040,885
  • Low Value: 837,216

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $844,200
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Jun 21, 2017
  • First Open Lien Mortgage Loan Amount: $431,200
  • 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: Jul 01, 2047
  • Second Open Lien Mortgage Lender: LOANDEPOT.COM, LLC
  • Second Open Lien Mortgage Recording Date: Sep 21, 2020
  • Second Open Lien Mortgage Loan Amount: $413,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $605,598
  • Market Land Value: $100,000
  • Market Improvement Value: $505,598

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $605,598
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $505,598

    Sales

  • Current Sale Contract Date: Jun 14, 2017
  • Current Sale Recording Date: Jun 21, 2017
  • Current Sale Transaction ID: 1589509880
  • Current Sale Price: $539,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 26, 2013
  • Previous Sale Contract Date: Jun 26, 2013
  • Previous Sale Amount: $454,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Jun 21, 2017
  • First Mortgage Loan Amount: $431,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: CERTUSBANK NA
  • Previous Mortgage Transaction Date: Jun 26, 2013
  • Previous Mortgage Loan Amount: $367,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2028

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Frequently Asked Questions

What neighborhood is 533 Pilot Hill Drive located in?
The 533 Pilot Hill Drive is a located in the neighborhood of Wake in Cary, Morrisville.
What is the average sales price for listings in 533 Pilot Hill Drive?
The average sales price for units in 533 Pilot Hill Drive is $0 currently.

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