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7016 Kimi Road

7016 Kimi Road, Wake Forest, NC 27587
Property in Covington Ridge
Sold Apr 22, 2022
$785,000
$435,000 by Rocket Mortgage Llc
Mortgage Due May 01, 2052
Sold Jan 26, 2007
$490,000
$170,000 by Wachovia Mortgage Corp
Mortgage Due Feb 01, 2037
7016 Kimi Road in Wake Forest, NC was first built in 2006 and is 18 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. It is a single story home. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 7016 Kimi Road has 3,540 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. In total, the area measurement of the land is 47,916 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 628 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, 7016 Kimi Road sold most recently in Apr 22, 2022 for a total of $785,000. If you work out the math, that's approximately a cost of $221.75 per sqft. Before that, the property was also sold for $490,000 in Jan 26, 2007. 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 $3,691 in taxes each year. 7016 Kimi Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $508,258. 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 $438,258. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 628
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 47,916
  • Total Building Area: 3,540
  • Building Area: 3,540
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,540
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COVINGTON RIDGE
  • Land Acres: 1.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO59 COVINGTON RIDGE PH2 BM2005-00566

Ownership

  • Current Owner : SEVERSON DANA BRADLEY
  • Current Owner 2: SEVERSON KIMBERLY LYNNE
  • Previous Owner : ROBIN REGINALD VOGEL REVOCABLE TRUST
  • Owner Before Previous Owner: HEIRLOOM INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053902

Zoning

  • Zoning: R-80W

Geography

  • Assessors Map Reference: BK 2005 PG 566
  • Account Number: 0332294
  • District: 14
  • Subdivision Phase Number: 2
  • Parcel: 1812.02-98-2720 0332294
  • Lot: 59
  • Municipality: NEW LIGHT
  • Latitude: 36.0265
  • Longitude: -78.5969

    Address

  • Full Address: 7016 Kimi Rd
  • Address - House Number: 7016
  • Address - Street Name: Kimi
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R007
  • 4-Digit Zip Code: 1700
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,691

    Appraisal Valuation

  • Standard Deviation: 0.1268
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 85
  • Final Value: 797,790
  • High Value: 899,011
  • Low Value: 696,568

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $435,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 22, 2022
  • First Open Lien Mortgage Loan Amount: $435,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $508,258
  • Market Land Value: $70,000
  • Market Improvement Value: $438,258

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $508,258
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $438,258

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Transaction ID: 11886022243
  • Current Sale Price: $785,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 26, 2007
  • Previous Sale Contract Date: Jan 26, 2007
  • Previous Sale Amount: $490,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Apr 22, 2022
  • First Mortgage Loan Amount: $435,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: WACHOVIA MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jan 26, 2007
  • Previous Mortgage Loan Amount: $170,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 01, 2037

About Covington Ridge



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7016 Kimi Road located in?
The 7016 Kimi Road is a located in the neighborhood of Covington Ridge in Covington Ridge, Wake Forest.
What is the average sales price for listings in 7016 Kimi Road?
The average sales price for units in 7016 Kimi Road is $0 currently.

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