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305 Palace Green

305 Palace Green, Cary, NC 27518
Property in Loch Bain
Sold Oct 27, 2017
$370,000
$296,000 by Advantage Lending Llc
Mortgage Due Nov 01, 2047
Sold Sep 19, 2016
$340,000
$306,000 by River Community Bank Na
Mortgage Due Oct 01, 2046
Local assessors in Cary, NC have categorized 305 Palace Green as a residential type of property. The home was built in 1993 and is 31 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 9,148 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 305 Palace Green has a total of 1,934 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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. 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 119 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Oct 27, 2017 for $370,000. That's $191.31 per sqft. Prior to that sales transaction, the property was also sold in Sep 7, 2016 for $340,000. 305 Palace Green was last assessed in 2022. The total value of the property was assessed at $396,421. Specifically, the land the property is located on was valued at $76,000. While improvements on the property were assessed at a total of $320,421. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,843. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 2010
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 119
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,934
  • Building Area: 1,934
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,934
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LOCHBAIN SUB
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO56 LOCHBAIN SUB PH2 BM1992-1112

Ownership

  • Current Owner : HOFFMANN PETER
  • Previous Owner : LOVETT CATHERINE
  • Owner Before Previous Owner: FURTNAN GLORIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053405

Zoning

  • Zoning: TRP

Geography

  • Account Number: 0193760
  • District: 20
  • Subdivision Phase Number: 2
  • Parcel: 0761.07-59-5967 0193760
  • Lot: 56
  • Municipality: WHITE OAK
  • Latitude: 35.728
  • Longitude: -78.7791

    Address

  • Full Address: 305 Palace Grn
  • Address - House Number: 305
  • Address - Street Name: Palace
  • Address - Suffix Type: Grn
  • State: NC
  • City Name: Cary
  • Carrier Code: R041
  • 4-Digit Zip Code: 8401
  • Zip Code: 27518

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,843

    Appraisal Valuation

  • Standard Deviation: 0.1306
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 608,283
  • High Value: 687,725
  • Low Value: 528,840

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $296,000
  • First Open Lien Mortgage Lender: ADVANTAGE LENDING LLC
  • First Open Lien Mortgage Recording Date: Oct 27, 2017
  • First Open Lien Mortgage Loan Amount: $296,000
  • 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: Nov 01, 2047

    Market Valuation

  • Market Total Value: $396,421
  • Market Land Value: $76,000
  • Market Improvement Value: $320,421

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $396,421
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $320,421

    Sales

  • Current Sale Contract Date: Oct 27, 2017
  • Current Sale Recording Date: Oct 27, 2017
  • Current Sale Transaction ID: 11291476749
  • Current Sale Price: $370,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 19, 2016
  • Previous Sale Contract Date: Sep 07, 2016
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ADVANTAGE LENDING LLC
  • First Mortgage Transaction Date: Oct 27, 2017
  • First Mortgage Loan Amount: $296,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: RIVER COMMUNITY BANK NA
  • Previous Mortgage Transaction Date: Sep 19, 2016
  • Previous Mortgage Loan Amount: $306,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2046

About Lochmere



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Frequently Asked Questions

What neighborhood is 305 Palace Green located in?
The 305 Palace Green is a located in the neighborhood of Loch Bain in Lochmere, Cary.
What is the average sales price for listings in 305 Palace Green?
The average sales price for units in 305 Palace Green is $0 currently.

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