Seller's Agent in 2024
Ann-Cabell Baum
Glenwood Agency, LLC
(919) 606-4074
2 in this area
316 Total Sales
407 Palmer Place Cary, NC 27511
South Cary NeighborhoodEstimated Value: $448,000 - $563,480
4
Beds
2
Baths
1,297
Sq Ft
$390/Sq Ft
Est. Value
Highlights
- Wooded Lot
- Wood Flooring
- Cul-De-Sac
- Cary Elementary Rated A
- No HOA
- Brick Veneer
About This Home
As of August 2024Fantastic Fixer-Upper Opportunity on Cul-de-Sac, Walkable to Downtown Cary!
This ranch-style home presents an ideal opportunity for renovation enthusiasts seeking a prime location in Cary. Situated on a quiet cul-de-sac, just a stroll away from downtown Cary, this property offers convenience and potential.
Property Details: 4 bedrooms, 2 bathrooms, enclosed back porch, perfect for relaxing or entertaining, approximately 0.35 acres, providing ample outdoor space, single-level design for easy accessibility and comfort, carport with off street parking.
Tenants in place on a month-to-month lease, generating $2500 per month rental income. A 90-day notice period for tenants, providing flexibility for new owners.
This property represents a rare opportunity to create a personalized home in a sought-after location. Whether you envision updating the kitchen, expanding living spaces, or enhancing outdoor amenities, this fixer-upper is primed for transformation. Don't miss out on making this property your own in the heart of Cary's vibrant community.
Last Agent to Sell the Property
Glenwood Agency, LLC License #224873 Listed on: 07/03/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,063
Year Built
- Built in 1972
Lot Details
- 0.35 Acre Lot
- Cul-De-Sac
- Wooded Lot
- Landscaped with Trees
Home Design
- Brick Veneer
- Combination Foundation
- Shingle Roof
Interior Spaces
- 1,297 Sq Ft Home
- 1-Story Property
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 4 Parking Spaces
- 1 Carport Space
- 4 Open Parking Spaces
Schools
- Cary Elementary School
- East Cary Middle School
- Cary High School
Utilities
- Cooling Available
- Forced Air Heating System
Community Details
- No Home Owners Association
- Carr Hills Subdivision
Listing and Financial Details
- Assessor Parcel Number Real Estate ID 0069579 PIN # 0763198906
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 3, 2024
Closed on
Aug 9, 2024
Sold by
Parker Roi and Daniels William H
Bought by
Karunakaran Muthuprakash and Ramasamy Tamilvanan
Seller's Agent
Ann-Cabell Baum
Glenwood Agency, LLC
Buyer's Agent
Jeanne Chiang
CHK Realty
List Price
$50,000
Sold Price
$482,500
Premium/Discount to List
$432,500
865%
Views
99
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,120
Avg. Annual Appreciation
4.43%
Original Mortgage
$332,500
Outstanding Balance
$328,795
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$176,825
Purchase Details
Closed on
May 14, 2021
Sold by
Phelps Charlotte
Bought by
Parker Roi and Daniels William H
Purchase Details
Closed on
Jan 1, 1972
Bought by
Phelps Charlotte
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Karunakaran Muthuprakash | $490,000 | None Listed On Document | |
| Karunakaran Muthuprakash | $490,000 | None Listed On Document | |
| Parker Roi | $62,500 | None Available | |
| Phelps Charlotte | $27,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Karunakaran Muthuprakash | $332,500 | |
| Closed | Karunakaran Muthuprakash | $332,500 | |
| Previous Owner | Phelps Charlotte L | $126,000 | |
| Previous Owner | Phelps Lewis Marshall | $137,750 | |
| Previous Owner | Phelps Lewis Marshall | $38,719 | |
| Previous Owner | Phelps Lewis | $92,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2024 08/14/24 | Sold | $482,500 | -3.5% | $372 / Sq Ft |
| 07/06/2024 07/06/24 | Pending | -- | -- | -- |
| 07/03/2024 07/03/24 | Price Changed | $500,000 | +900.0% | $386 / Sq Ft |
| 07/03/2024 07/03/24 | For Sale | $50,000 | -- | $39 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $4,153 | $482,180 | $300,000 | $182,180 |
| 2024 | $4,063 | $482,180 | $300,000 | $182,180 |
| 2023 | $2,628 | $260,318 | $138,000 | $122,318 |
| 2022 | $2,531 | $260,318 | $138,000 | $122,318 |
| 2021 | $2,480 | $260,318 | $138,000 | $122,318 |
| 2020 | $2,493 | $260,318 | $138,000 | $122,318 |
| 2019 | $1,977 | $182,816 | $88,000 | $94,816 |
| 2018 | $1,856 | $182,816 | $88,000 | $94,816 |
| 2017 | $1,784 | $182,816 | $88,000 | $94,816 |
| 2016 | $1,758 | $182,816 | $88,000 | $94,816 |
| 2015 | $1,606 | $161,144 | $57,800 | $103,344 |
| 2014 | $1,515 | $161,144 | $57,800 | $103,344 |
Source: Public Records
Agents Affiliated with this Home
-
Ann-Cabell Baum
-
Lisa Rose
L
Seller Co-Listing Agent in 2024
Lisa Rose
Glenwood Agency, LLC
(919) 828-0077
1 in this area
87 Total Sales
-
Jeanne Chiang
J
Buyer's Agent in 2024
Jeanne Chiang
CHK Realty
(281) 536-6039
1 in this area
30 Total Sales
Map
Source: Doorify MLS
MLS Number: 10039312
APN: 0763.05-19-8906-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
Nearby Homes
- 1017 Frank Page Dr
- 322 S Dixon Ave Unit R
- 322 S Dixon Ave
- 504 S Dixon Ave
- 710 Samuel Cary Dr
- 717 Samuel Cary Dr
- 415 W Chatham St
- 413 W Chatham St
- 411 W Chatham St
- 414 W Chatham St
- 401 W Chatham St
- 412 W Chatham St
- 514 S Harrison Ave
- 410 W Chatham St
- 534 Matheson Place
- 404 W Chatham St
- 216 Vista Creek Place
- 101 Murphy Dr
- 418 Madison Ave
- 414 Madison Ave
- 409 Palmer Place
- 509 Ridgecrest Rd
- 511 Ridgecrest Rd
- 403 Charles Ct
- 515 Ridgecrest Rd
- 405 Charles Ct
- 505 Ridgecrest Rd
- 517 Ridgecrest Rd
- 320 Knight Ave
- 411 Palmer Place
- 503 Ridgecrest Rd
- 501 Ridgecrest Rd
- 410 Knight Ave
- 404 Knight Ave
- 408 Knight Ave
- 413 Palmer Place
- 512 Ridgecrest Rd
- 510 Ridgecrest Rd
- 504 506 50 Ridgecrest
- 415 Charles Ct