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2940 Wexford Pond Way

2940 Wexford Pond Way, Wake Forest, NC 27587
House in Wake
Sold Mar 09, 2022
$1,462,000
$215,000 by Coastal Federal Credit Union
Mortgage Due Apr 01, 2052
Sold Dec 15, 2020
$175,000
$840,000 by Hometrust Bank
Mortgage
2940 Wexford Pond Way has been categorized by the local assessors in Wake Forest, NC as a residential type of property. The building on the property was first built in 2021 and is 3 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2940 Wexford Pond Way has 4,952 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 30,056 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 2940 Wexford Pond Way sold most recently in Mar 9, 2022 for a total of $1,462,000. If you work out the math, that's approximately a cost of $295.23 per sqft. Before that, the property was also sold for $175,000 in Dec 10, 2020. 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 $6,820 in taxes each year. 2940 Wexford Pond Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $941,546. If we break it down further, the land itself was valued at $140,000. Improvements to the property, however, were assessed at a total of $801,546. 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

Condition

New Construction

Parking

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

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • 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 Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 30,056
  • Total Building Area: 4,952
  • Building Area: 4,952
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,952
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WEXFORD RESERVE SUBDIVISION
  • Land Acres: 0.69
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO34 WEXFORD RESERVE PH1 BM2019-00915

Ownership

  • Current Owner : CARR DAVID ARNOLD
  • Current Owner 2: CARR MARIA ELENA
  • Previous Owner : SPEIGHT BUILT LLC
  • Owner Before Previous Owner: WATERSTONE PARTNERS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 000005

Zoning

  • Zoning: R-40W

Geography

  • Account Number: 0467521
  • District: 19
  • Subdivision Phase Number: 1
  • Parcel: 1831.01-47-3293 0467521
  • Lot: 34
  • Municipality: WAKE FOREST
  • Latitude: 35.9946
  • Longitude: -78.5457

    Address

  • Full Address: 2940 Wexford Pond Way
  • Address - House Number: 2940
  • Address - Street Name: Wexford Pond
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R012
  • 4-Digit Zip Code: 8778
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,820

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $215,000
  • First Open Lien Mortgage Lender: COASTAL FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Mar 09, 2022
  • First Open Lien Mortgage Loan Amount: $215,000
  • 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: Apr 01, 2052

    Market Valuation

  • Market Total Value: $941,546
  • Market Land Value: $140,000
  • Market Improvement Value: $801,546

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $941,546
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $801,546

    Sales

  • Current Sale Contract Date: Mar 09, 2022
  • Current Sale Recording Date: Mar 09, 2022
  • Current Sale Transaction ID: 11882031351
  • Current Sale Price: $1,462,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 15, 2020
  • Previous Sale Contract Date: Dec 10, 2020
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COASTAL FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Mar 09, 2022
  • First Mortgage Loan Amount: $215,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: HOMETRUST BANK
  • Previous Mortgage Transaction Date: Dec 15, 2020
  • Previous Mortgage Loan Amount: $840,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About Wake



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Frequently Asked Questions

What neighborhood is 2940 Wexford Pond Way located in?
The 2940 Wexford Pond Way is a house located in the neighborhood of Wake in Wake, Wake Forest.
What is the average sales price for listings in 2940 Wexford Pond Way?
The average sales price for units in 2940 Wexford Pond Way is $0 currently.

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