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612 Canon Gate Drive

612 Canon Gate Drive, Cary, NC 27518
Property in Danbury
Sold Oct 06, 2005
$292,000
$255,100 by Resource Financial Services In
Mortgage Due May 01, 2050
Sold Nov 07, 2001
$256,000
$243,200 by First National Bank Of Arizona
Mortgage Due Nov 01, 2031
612 Canon Gate Drive has been categorized by the local assessors in Cary, NC as a residential type of property. The building on the property was first built in 2001 and is 23 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 612 Canon Gate Drive has 2,119 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 14,375 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 484 sqft. 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 building has a gable style roof. 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 and being fueled with gas. 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, 612 Canon Gate Drive sold most recently in Oct 4, 2005 for a total of $292,000. If you work out the math, that's approximately a cost of $137.80 per sqft. Before that, the property was also sold for $256,000 in Oct 31, 2001. 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 $3,663 in taxes each year. 612 Canon Gate Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $377,697. If we break it down further, the land itself was valued at $80,000. Improvements to the property, however, were assessed at a total of $297,697. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 484
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 2,119
  • Building Area: 2,119
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,119
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: DANBURY SUB
  • Land Acres: 0.33
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO129 DANBURY SUB PH9 BLD10 UN11 BM1998-2156

Ownership

  • Current Owner : PENNELL DAVID G
  • Current Owner 2: PENNELL NADINE S
  • Previous Owner : WILSON PATRICIO
  • Previous Owner 2: WILSON MIA Y
  • Owner Before Previous Owner: WITT BANKS CONSTRUCTION COMPANY INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R8

Geography

  • Account Number: 0254825
  • District: 20
  • Subdivision Phase Number: 9
  • Parcel: 0751.04-92-3227 0254825
  • Lot: 129
  • Municipality: WHITE OAK
  • Latitude: 35.707
  • Longitude: -78.8001

    Address

  • Full Address: 612 Canon Gate Dr
  • Legal Unit: 11
  • Address - House Number: 612
  • Address - Street Name: Canon Gate
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Cary
  • Carrier Code: R044
  • 4-Digit Zip Code: 2980
  • Zip Code: 27518

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,663

    Appraisal Valuation

  • Standard Deviation: 0.1306
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 591,269
  • High Value: 668,490
  • Low Value: 514,049

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $255,100
  • First Open Lien Mortgage Lender: RESOURCE FINANCIAL SERVICES IN
  • First Open Lien Mortgage Recording Date: May 04, 2020
  • First Open Lien Mortgage Loan Amount: $255,100
  • 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, 2050

    Market Valuation

  • Market Total Value: $377,697
  • Market Land Value: $80,000
  • Market Improvement Value: $297,697

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $377,697
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $297,697

    Sales

  • Current Sale Contract Date: Oct 04, 2005
  • Current Sale Recording Date: Oct 06, 2005
  • Current Sale Transaction ID: 1132084155
  • Current Sale Price: $292,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Nov 07, 2001
  • Previous Sale Contract Date: Oct 31, 2001
  • Previous Sale Amount: $256,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Oct 06, 2005
  • First Mortgage Loan Amount: $233,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Nov 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL BANK OF ARIZONA
  • Previous Mortgage Transaction Date: Nov 07, 2001
  • Previous Mortgage Loan Amount: $243,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2031

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 612 Canon Gate Drive located in?
The 612 Canon Gate Drive is a located in the neighborhood of Danbury in Danbury, Cary.
What is the average sales price for listings in 612 Canon Gate Drive?
The average sales price for units in 612 Canon Gate Drive is $0 currently.

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