NOT LISTED FOR SALE

4207 Lofty Ridge Place Unit 229, MODEL Phillips Morrisville, NC 27560

Northwest Cary Neighborhood

Estimated Value: $486,885 - $525,000

3 Beds
3 Baths
1,895 Sq Ft
$269/Sq Ft Est. Value

About This Home

This home is located at 4207 Lofty Ridge Place Unit 229, MODEL Phillips, Morrisville, NC 27560 and is currently estimated at $510,221, approximately $269 per square foot. 4207 Lofty Ridge Place Unit 229, MODEL Phillips is a home located in Wake County with nearby schools including Parkside Elementary School, Alston Ridge Middle School, and Panther Creek High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2021
Sold by
Are Venkatesu and Palepu Vijaya Lakshmi
Bought by
Aare Venkatesu and Palepu Vijaya Lakshmi
Current Estimated Value
$510,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Outstanding Balance
$267,478
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$246,691

Purchase Details

Closed on
Dec 31, 2020
Sold by
Aare Venkatesu and Aare Vijaya Lakshmi
Bought by
Aare Family Trust and Aare

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2019
Sold by
Lennar Carolinas Llc
Bought by
Aare Venkatesu and Palepu Vijaya Lakshmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,500
Interest Rate
4.7%
Mortgage Type
New Conventional

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Aare Venkatesu -- None Available
Aare Venkatesu -- None Listed On Document
Aare Family Trust -- None Listed On Document
Aare Venkatesu $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aare Venkatesu $50,000
Open Aare Venkatesu $308,000
Closed Aare Venkatesu $308,000
Previous Owner Aare Venkatesu $311,000
Previous Owner Aare Venkatesu $312,000
Previous Owner Aare Venkatesu $313,500
Source: Public Records

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 $3,923 $465,523 $100,000 $365,523
2023 $3,380 $335,318 $71,000 $264,318
2022 $3,254 $335,318 $71,000 $264,318
2021 $3,189 $335,318 $71,000 $264,318
2020 $3,206 $335,318 $71,000 $264,318
2019 $3,047 $282,712 $65,000 $217,712
2018 $2,935 $290,213 $65,000 $225,213
Source: Public Records

Map

North Carolina Wake County Morrisville 27560 Northwest Cary

4207 Lofty Ridge Place Unit 229, MODEL Phillips, Morrisville, NC

Homes for Sale in Morrisville, NC

This home is located at 4207 Lofty Ridge Place Unit 229, MODEL Phillips, Morrisville, NC 27560 and is currently estimated at $510,221, approximately $269 per square foot. 4207 Lofty Ridge Place Unit 229, MODEL Phillips is a home located in Wake County with nearby schools including Parkside Elementary School, Alston Ridge Middle School, and Panther Creek High School.

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