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5505 Frenchmans Creek Drive

5505 Frenchmans Creek Drive, Durham, NC 27713
Property in Parkwood
Sold Dec 07, 2020
$360,000
$270,000 by Union Home Mortgage Corp
Mortgage Due Jan 01, 2051
Sold May 08, 2006
$217,000
$195,300 by State Employees Cu
Mortgage Due Jun 01, 2036
5505 Frenchmans Creek Drive in Durham, NC was first built in 1988 and is 36 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 contemporary style. It is a single story home. There are a total of 6 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5505 Frenchmans Creek Drive has 2,118 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 linear feet across the front of the lot is 890 ft and the linear feet between the front and back of the lot is 1,790. In total, the area measurement of the land is 16,553 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 540 sqft. There are a total of 2 available parking spaces. 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 wood control joints. The exterior walls of the home are made of wood siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a 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, 5505 Frenchmans Creek Drive sold most recently in Dec 7, 2020 for a total of $360,000. If you work out the math, that's approximately a cost of $169.97 per sqft. Before that, the property was also sold for $217,000 in Apr 18, 2006. 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 $3,698 in taxes each year. 5505 Frenchmans Creek Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $282,301. If we break it down further, the land itself was valued at $51,637. Improvements to the property, however, were assessed at a total of $230,664. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Construction Type: Wood
  • Building Style: Contemporary
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 540
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 16,553
  • Lot Size Depth Feet: 1,790
  • Lot Size Frontage Feet: 890
  • Total Building Area: 2,118
  • Building Area: 2,118
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,118
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FRENCHMANS CREEK
  • Land Acres: 0.38
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FRENCHMANS CREEK/LT#03 PL000114-000081

Ownership

  • Current Owner : POWER SHELLY ANN
  • Previous Owner : HUBBARD ALLISON J
  • Previous Owner 2: SAMPSON KIMBERLY S
  • Owner Before Previous Owner: BOND JAMES A
  • Owner Before Previous Owner 2: MEDINSKY MICHELE A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 002013

Zoning

  • Zoning: RS-10

Geography

  • Assessors Map Reference: BK 114 PG 81
  • Parcel: 153831
  • Lot: 3
  • Municipality: CITY OF DURHAM
  • Latitude: 35.8866
  • Longitude: -78.9022

    Address

  • Full Address: 5505 Frenchmans Creek Dr
  • Address - House Number: 5505
  • Address - Street Name: Frenchmans Creek
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Durham
  • Carrier Code: C013
  • 4-Digit Zip Code: 2648
  • Zip Code: 27713

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,698

    Appraisal Valuation

  • Standard Deviation: 0.1609
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 79
  • Final Value: 499,452
  • High Value: 579,823
  • Low Value: 419,081

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 07, 2020
  • First Open Lien Mortgage Loan Amount: $270,000
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $282,301
  • Market Land Value: $51,637
  • Market Improvement Value: $230,664

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $282,301
  • Assessed Land Value: $51,637
  • Assessed Improvements Value: $230,664

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Dec 07, 2020
  • Current Sale Transaction ID: 11804877232
  • Current Sale Price: $360,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020053793
  • Previous Sale Recording Date: May 08, 2006
  • Previous Sale Contract Date: Apr 18, 2006
  • Previous Sale Amount: $217,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 07, 2020
  • First Mortgage Loan Amount: $270,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: STATE EMPLOYEES CU
  • Previous Mortgage Transaction Date: May 08, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $195,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2036

About Parkwood



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Frequently Asked Questions

What neighborhood is 5505 Frenchmans Creek Drive located in?
The 5505 Frenchmans Creek Drive is a located in the neighborhood of Parkwood in Parkwood, Durham.
What is the average sales price for listings in 5505 Frenchmans Creek Drive?
The average sales price for units in 5505 Frenchmans Creek Drive is $0 currently.

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