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402 Highlands Lake Drive

402 Highlands Lake Drive, Cary, NC 27518
Property in Highlands West
Sold Oct 13, 2022
$718,000
$631,500 by Prosperity Home Mortgage Llc
Mortgage Due Nov 01, 2052
Sold Jul 28, 2021
$575,000
$527,000 by Prosperity Home Mortgage Llc
Mortgage Due Aug 01, 2051
Local assessors in Cary, NC have categorized 402 Highlands Lake Drive as a residential type of property. The home was built in 1995 and is 29 years old. The property's lot size has been calculated to be 13,939 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 402 Highlands Lake Drive has a total of 2,943 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 480 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a hip style roof. 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 and it is being fueled with gas. 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, 402 Highlands Lake Drive sold most recently in Oct 7, 2022 for a total of $718,000. If you work out the math, that's approximately a cost of $243.97 per sqft. Before that, the property was also sold for $575,000 in Jul 16, 2021. 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 $4,032 in taxes each year. 402 Highlands Lake Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $415,933. If we break it down further, the land itself was valued at $120,000. Improvements to the property, however, were assessed at a total of $295,933. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1995
  • Effective Year Built: 1995
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 480
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 2,943
  • Building Area: 2,943
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,943
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HIGHLANDS WEST
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO1260 HIGHLANDS WEST PH2 SEB BM1994-1522

Ownership

  • Current Owner : HOLCOMB SCOTT A
  • Current Owner 2: HOLCOMB STEPHANIE B
  • Previous Owner : BOENING DEAN WILLIAM
  • Previous Owner 2: BOENING KELLY
  • Owner Before Previous Owner: ALALA CHAD A
  • Owner Before Previous Owner 2: ALALA DENISE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053005

Zoning

  • Zoning: R8

Geography

  • Assessors Map Reference: BK 1994 PG 1522
  • Account Number: 0210138
  • District: 18
  • Section: B
  • Subdivision Phase Number: 2
  • Parcel: 0761.10-46-5169 0210138
  • Lot: 1260
  • Municipality: SWIFT CREEK
  • Latitude: 35.7177
  • Longitude: -78.7824

    Address

  • Full Address: 402 Highlands Lake Dr
  • Address - House Number: 402
  • Address - Street Name: Highlands Lake
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Cary
  • Carrier Code: R016
  • 4-Digit Zip Code: 9167
  • Zip Code: 27518

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,032

    Appraisal Valuation

  • Standard Deviation: 0.0685
  • Valuation Date: Oct 12, 2022
  • Confidence Score: 96
  • Final Value: 734,283
  • High Value: 784,592
  • Low Value: 683,974

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $631,500
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 13, 2022
  • First Open Lien Mortgage Loan Amount: $631,500
  • 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, 2052

    Market Valuation

  • Market Total Value: $415,933
  • Market Land Value: $120,000
  • Market Improvement Value: $295,933

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $415,933
  • Assessed Land Value: $120,000
  • Assessed Improvements Value: $295,933

    Sales

  • Current Sale Contract Date: Oct 07, 2022
  • Current Sale Recording Date: Oct 13, 2022
  • Current Sale Transaction ID: 11897215261
  • Current Sale Price: $718,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 28, 2021
  • Previous Sale Contract Date: Jul 16, 2021
  • Previous Sale Amount: $575,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 13, 2022
  • First Mortgage Loan Amount: $631,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • Previous Mortgage Transaction Date: Jul 28, 2021
  • Previous Mortgage Loan Amount: $527,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2051

About Highlands



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Frequently Asked Questions

What neighborhood is 402 Highlands Lake Drive located in?
The 402 Highlands Lake Drive is a located in the neighborhood of Highlands West in Highlands, Cary.
What is the average sales price for listings in 402 Highlands Lake Drive?
The average sales price for units in 402 Highlands Lake Drive is $0 currently.

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