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705 Tailrace Falls Court

705 Tailrace Falls Court, Wake Forest, NC 27587
Sold May 11, 2020
$312,000
$244,564 by Si Mortgage Company
Mortgage Due Jan 01, 2052
Local assessors in Wake Forest, NC have categorized 705 Tailrace Falls Court 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 7,841 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 2 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 705 Tailrace Falls Court has a total of 2,744 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. 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 198 sqft. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 705 Tailrace Falls Court was last sold in May 8, 2020 for $312,000. According to our calculations, that's $113.70 per sqft. Current property owners are expected to pay $3,562 in taxes per year. The property on 705 Tailrace Falls Court was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $317,802. To break that down further, the land itself was valued at $42,000. While improvements to the property were assessed at a total of $275,802. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Condition

New Construction

Parking

Garage Parking
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: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 198
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 2,744
  • Building Area: 2,744
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,744
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REYNOLDS MILL
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO130 REYNOLDS MILL PH2A BM2018-01807

Ownership

  • Current Owner : GALI VANSI ARCHANA
  • Previous Owner : TAYLOR MORRISON OF CAROLINAS INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 000053

Zoning

  • Zoning: GR5

Geography

  • Assessors Map Reference: BK 2018 PG 1807
  • Account Number: 0460678
  • District: 19
  • Subdivision Phase Number: 2A
  • Parcel: 1830.04-84-4966 0460678
  • Lot: 130
  • Municipality: WAKE FOREST
  • Latitude: 35.9608
  • Longitude: -78.5321

    Address

  • Full Address: 705 Tailrace Falls Ct
  • Address - House Number: 705
  • Address - Street Name: Tailrace Falls
  • Address - Suffix Type: Ct
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R015
  • 4-Digit Zip Code: 7591
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,562

    Appraisal Valuation

  • Standard Deviation: 0.1312
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 518,228
  • High Value: 586,236
  • Low Value: 450,221

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $244,564
  • First Open Lien Mortgage Lender: SI MORTGAGE COMPANY
  • First Open Lien Mortgage Recording Date: Dec 20, 2021
  • First Open Lien Mortgage Loan Amount: $244,564
  • 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, 2052

    Market Valuation

  • Market Total Value: $317,802
  • Market Land Value: $42,000
  • Market Improvement Value: $275,802

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $317,802
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $275,802

    Sales

  • Current Sale Contract Date: May 08, 2020
  • Current Sale Recording Date: May 11, 2020
  • Current Sale Transaction ID: 11767797284
  • Current Sale Price: $312,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TAYLOR MORRISON HOME FUNDING L
  • First Mortgage Transaction Date: May 11, 2020
  • First Mortgage Loan Amount: $249,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

About Reynolds Mill



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Frequently Asked Questions

What neighborhood is 705 Tailrace Falls Court located in?
The 705 Tailrace Falls Court is a house located in the neighborhood of Reynolds Mill in Reynolds Mill, Wake Forest.
What is the average sales price for listings in 705 Tailrace Falls Court?
The average sales price for units in 705 Tailrace Falls Court is $0 currently.

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