NOT LISTED FOR SALE

440 Otter Cliff Way Cary, NC 27519

Twin Lakes Neighborhood

Estimated Value: $540,000 - $579,000

3 Beds
2.5 Baths
1,882 Sq Ft
$296/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $430,000 $228 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,375/month

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • 1-Story Property
  • Cedar Fork Elementary Rated A
  • 1 Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Sold before listed in MLS. Entered for Comp Purposes only.

Last Agent to Sell the Property

Jason McCoy

Keller Williams Legacy License #316415 Listed on: 10/08/2021

Keller Williams Legacy

Co-Listed By

Valerie Hurley

Yost and Company Real Estate License #286899

Last Buyer's Agent

Jason McCoy

Relevate Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,345

Year Built

  • Built in 2006

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 53 x 118 x 52 x 118

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Front Facing Garage
  • Private Driveway

Home Design

  • Craftsman Architecture
  • Bungalow

Interior Spaces

  • 1,882 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Twin Lakes Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,345

Year Built

Built in 2006

Lot Details

0

HOA Fees

$70 per month

Parking

2

Listing Details

  • Year Built: 2006
  • Prop. Type: Residential
  • Co List Office Mls Id: 74581
  • Co List Office Phone: 919-612-6884
  • Subdivision Name: Twin Lakes
  • Above Grade Finished Sq Ft: 1882.0
  • Architectural Style: Bungalow, Craftsman
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 53 x 118 x 52 x 118
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Architectural Style Craftsman: Yes
  • Architectural Style Bungalow: Yes
  • General Property Information Above Grade Finished Area: 1882.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 6534.0
  • General Property Information Lot Size Acres: 0.15
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Total Bedrooms: 7
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.15
  • Construction Type: Fiber Cement
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Concrete, Driveway, Garage Faces Front
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 210.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • General Property Information:Association Fee: 210.0
  • General Property Information:Association Fee Frequency: Quarterly

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Dimensions: 53 x 118 x 52 x 118
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3345.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2021
Closed on
Oct 6, 2021
Sold by
Drem2 Llc
Bought by
Gustafson Trent Edward and Gustafson Cassidy Hursey
Seller's Agent
Jason McCoy
Keller Williams Legacy
Buyer's Agent
Jason McCoy
Keller Williams Legacy
List Price
$430,000
Sold Price
$430,000
Current Estimated Value
$557,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,381
Avg. Annual Appreciation
6.62%
Original Mortgage
$387,000
Outstanding Balance
$352,908
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$204,473

Purchase Details

Closed on
Oct 24, 2016
Sold by
Patel Manish H and Patel Dipti S
Bought by
Drem2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,355
Interest Rate
3.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2012
Sold by
Federal National Mortgage Association
Bought by
Patel Manish H and Patel Dipti S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2006
Sold by
Kb Home Raleigh Durham Llc
Bought by
Pinkerton Gregory Aaron and Pinkerton Lori Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,519
Interest Rate
6.09%
Mortgage Type
Stand Alone Second
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
Gustafson Trent Edward $430,000 None Available
Drem2 Llc -- None Available
Patel Manish H -- None Available
Pinkerton Gregory Aaron $323,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gustafson Trent Edward $387,000
Previous Owner Drem2 Llc $378,355
Previous Owner Patel Manish H $157,500
Previous Owner Pinkerton Gregory Aaron $64,519
Previous Owner Pinkerton Gregory Aaron $258,077
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $430,000 -- --
10/08/2021 10/08/21 Sold $430,000 0.0% $228 / Sq Ft
10/08/2021 10/08/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $430,000 -- $228 / Sq Ft
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
2025 $4,658 $541,153 $180,000 $361,153
2024 $4,558 $541,153 $180,000 $361,153
2023 $3,545 $351,840 $90,000 $261,840
2022 $3,414 $351,840 $90,000 $261,840
2021 $3,345 $351,840 $90,000 $261,840
2020 $3,362 $351,840 $90,000 $261,840
2019 $3,057 $283,632 $78,000 $205,632
2018 $0 $283,632 $78,000 $205,632
2017 $2,757 $283,632 $78,000 $205,632
2016 $2,716 $283,632 $78,000 $205,632
2015 $2,850 $287,414 $60,000 $227,414
2014 $2,687 $287,414 $60,000 $227,414
Source: Public Records

Agents Affiliated with this Home

  • Jason McCoy

    Seller's Agent in 2021

    Jason McCoy

    Keller Williams Legacy

    (919) 971-4119

    1 in this area

    44 Total Sales

    Jason McCoy
    Section Image

  • V

    Seller Co-Listing Agent in 2021

    Valerie Hurley

    Yost and Company Real Estate

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2412664

Doorify MLS

APN: 0745.07-57-3511-000

North Carolina Wake County Cary 27519 Twin Lakes

440 Otter Cliff Way, Cary, NC

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