NOT LISTED FOR SALE

123 Cherokee Dr Cypress Creek, NC 27549

Estimated Value: $346,000 - $369,000

3 Beds
2 Baths
1,814 Sq Ft
$195/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $329,900 $182 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,196/month

198 Days on Market

Highlights

  • Boat Ramp
  • New Construction
  • Cathedral Ceiling
  • Tennis Courts
  • Clubhouse
  • Wood Flooring

About This Home

As of July 2024

A fusion of grace and comfort, this modern abode is an invitation to contemporary living at its finest. The kitchen, adorned with a spacious quartz-topped island, harmoniously accommodates culinary masterpieces and relaxed gatherings alike. With an open layout that welcomes abundant natural light, every space is designed for seamless socializing and unwinding. Meticulously crafted, this home strikes the perfect balance between functionality and aesthetics. Each detail has been thoughtfully considered, ensuring both practicality and visual allure. Nestled in Lake Royale's gated community, just 40 minutes from Raleigh, this residence offers not just a home but a lifestyle—a sanctuary that epitomizes both comfort and security. Buyer shall receive incentives towards closing costs or downpayment assistance with preferred lender.

Last Agent to Sell the Property

Oscar Corrales

The Insight Group License #267500 Listed on: 05/08/2024

Co-Listed By

David Velasquez

The Insight Group License #324168

Last Buyer's Agent

Dan Gunther

Allen Tate/ Lake Royale License #313337

Allen Tate/ Lake Royale

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $153

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 75x203x75x203

HOA Fees

  • $95 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Private Driveway

Home Design

  • Modernist Architecture
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 1,814 Sq Ft Home
  • 1-Story Property
  • Bookcases
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Home Office
  • Wood Flooring
  • Pull Down Stairs to Attic
  • Laundry on main level

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity
  • Bathtub
  • Shower Only
  • Walk-in Shower

Outdoor Features

  • Tennis Courts
  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Ed Best Elementary School
  • Bunn Middle School
  • Bunn High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1011

Community Details

Overview

  • Association fees include storm water maintenance
  • Lake Royale Poa, Phone Number (252) 478-4121
  • Lake Royale Subdivision

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$153

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$95 per month

Parking

2

Listing Details

  • Year Built: 2024
  • Prop. Type: Residential
  • Reso Association Fee Includes: Storm Water Maintenance
  • Co List Office Mls Id: 2907
  • Co List Office Phone: 919-795-5684
  • Subdivision Name: Lake Royale
  • Above Grade Finished Sq Ft: 1814.0
  • Architectural Style: Modern
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: Yes
  • Effective Year Built: 2023
  • General Property Information Lot Size Dimensions: 75x203x75x203
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Structure Type Site Built: Yes
  • Contract Information Estimated Completion Date: 2023-11-01
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Room Types Dining Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Main
  • Room Types Living Room2: Yes
  • Interior Features Bathtub Only: Yes
  • Interior Features Shower Only: Yes
  • General Property Information Association Phone: 252-478-4121
  • Laundry Features Laundry Closet: Yes
  • Architectural Style Modernist: Yes
  • Water Source Community Water: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 95.0
  • General Property Information Above Grade Finished Area: 1814.0
  • General Property Information Carport YN: No
  • Roof Architectural Shingle: Yes
  • General Property Information Lot Size Square Feet2: 15246.0
  • Lot Water Features Public Boat Ramp 2-3 Miles: Yes
  • General Property Information Lot Size Acres: 0.35
  • Special Features: 4098
  • Property Sub Type: Detached
  • Year Renovated: 2023

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Bathtub Only, Bookcases, Cathedral Ceiling(s), Ceiling Fan(s), Double Vanity, Entrance Foyer, High Ceilings, Quartz Counters, Shower Only, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Electric
  • Fireplaces: 1
  • Total Bedrooms: 5
  • Appliances Dishwasher: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Bookcases: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Fireplace Features:Electric2: Yes

Exterior Features

  • Roof: Architectural Shingle
  • Exterior Features: Rain Gutters, Tennis Court(s)
  • Acres: 0.35
  • Construction Type: Fiber Cement
  • Foundation Details: Other
  • Patio And Porch Features: Covered, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Exterior Features:Tennis Court(s)3: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 4.0
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking YN2: No

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 1136.0
  • Association Fee Frequency: Annually
  • Association Name: Lake Royale POA
  • Phone: 252-478-4121
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Lake Royale POA
  • Association Amenities:Pool: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 1136.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Ninth Grade High School: Franklin - Bunn
  • Middle Or Junior School: Franklin - Bunn

Lot Info

  • Lot Dimensions: 75x203x75x203
  • Lot Size Sq Ft: 15246.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 1011

Tax Info

  • Tax Annual Amount: 153.34
  • Tax Year: 20
  • Tax Map Number: 1011

MLS Schools

  • Elementary School: Franklin - Ed Best

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Jul 23, 2024
Sold by
Gaylord John and Gaylord Trina
Bought by
Gaylord John and Gaylord Trina
Seller's Agent
Oscar Corrales
The Insight Group
Buyer's Agent
Dan Gunther
Allen Tate/ Lake Royale
List Price
$330,000
Sold Price
$329,900
Premium/Discount to List
-$100
-0.03%
Views
14
Current Estimated Value
$353,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,916
Avg. Annual Appreciation
6.27%
Original Mortgage
$313,405
Outstanding Balance
$309,959
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$43,857

Purchase Details

Listed on
May 8, 2024
Closed on
Jun 28, 2024
Sold by
Juache Builders Llc
Bought by
Gaylord John and Gaylord Trina
Seller's Agent
Oscar Corrales
The Insight Group
Buyer's Agent
Dan Gunther
Allen Tate/ Lake Royale
List Price
$330,000
Sold Price
$329,900
Premium/Discount to List
-$100
-0.03%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,405
Outstanding Balance
$309,959
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$43,857

Purchase Details

Listed on
Mar 14, 2023
Closed on
May 19, 2023
Sold by
Haywood Bessie Surles
Bought by
Juache Builders Llc
Seller's Agent
Terrie Siebert
Century 21 Folks Properties
Buyer's Agent
Terrie Siebert
Century 21 Folks Properties
List Price
$25,000
Sold Price
$23,000
Premium/Discount to List
-$2,000
-8%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
978.27%
Original Mortgage
$200,000
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2020
Sold by
Macharris Keith Mac
Bought by
Haywood Bessie Surles

Purchase Details

Closed on
Jun 15, 2018
Sold by
Lake Royal Property Owners Association I
Bought by
Macmacharris Keith Mac

Purchase Details

Closed on
Oct 19, 2015
Sold by
Joyner Lisa
Bought by
Lake Royale Property Owners Assn Inc

Purchase Details

Closed on
Apr 8, 2005
Sold by
Mclaurin Robert
Bought by
Joyner Lisa
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gaylord John -- None Listed On Document
Gaylord John $330,000 None Listed On Document
Juache Builders Llc $23,000 None Listed On Document
Haywood Bessie Surles $5,000 None Available
Macmacharris Keith Mac -- None Available
Lake Royale Property Owners Assn Inc -- None Available
Joyner Lisa $3,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaylord John $313,405
Previous Owner Juache Builders Llc $200,000
Previous Owner Juache Builders Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $329,900 0.0% $182 / Sq Ft
05/19/2024 05/19/24 Pending -- -- --
05/14/2024 05/14/24 Price Changed $329,900 0.0% $182 / Sq Ft
05/08/2024 05/08/24 For Sale $330,000 0.0% $182 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
03/28/2024 03/28/24 Price Changed $330,000 -0.6% $182 / Sq Ft
02/25/2024 02/25/24 Price Changed $332,000 -4.9% $183 / Sq Ft
02/04/2024 02/04/24 Price Changed $349,000 +1417.4% $192 / Sq Ft
12/14/2023 12/14/23 Off Market $23,000 -- --
11/03/2023 11/03/23 For Sale $355,900 +1447.4% $196 / Sq Ft
05/18/2023 05/18/23 Sold $23,000 -8.0% --
05/09/2023 05/09/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $25,000 0.0% --
04/17/2023 04/17/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $25,000 -- --
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,072 $350,270 $45,000 $305,270
2023 $43 $5,040 $5,040 $0
2022 $43 $5,040 $5,040 $0
2021 $44 $5,040 $5,040 $0
2020 $44 $5,040 $5,040 $0
2019 $44 $5,040 $5,040 $0
2018 $44 $5,040 $5,040 $0
2017 $43 $4,500 $4,500 $0
2016 $45 $4,500 $4,500 $0
2015 $45 $4,500 $4,500 $0
2014 $42 $4,500 $4,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2540574

Doorify MLS

APN: 021832