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100 Terrace Place

100 Terrace Place, Morganton, NC 28655
Property in Burke
Sold Aug 20, 2021
$250,000
$157,315 by State Employees Cu
Mortgage Due Jun 01, 2052
Sold Jun 15, 2011
$9,000
$116,000 by Morganton Federal Savings & Lo
Mortgage Due Jul 01, 2036
Local assessors in Morganton, NC have categorized 100 Terrace Place as a residential type of property. The home was built in 1960 and is 64 years old. It was most recently renovated and altered in 2015. The property's lot size has been calculated to be 22,216 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 100 Terrace Place has a total of 2,534 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 153 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a screened porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a roof that is made of asphalt. Lots of brick veneer were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 100 Terrace Place was last sold in Aug 10, 2021 for $250,000. According to our calculations, that's $98.66 per sqft. Prior to that sales transaction, the property was sold for $9,000 in Jun 9, 2011. Current property owners are expected to pay $2,161 in taxes per year. The property on 100 Terrace Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $370,090. To break that down further, the land itself was valued at $84,122. While improvements to the property were assessed at a total of $285,968. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 2015
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 624
  • Garage Type: Garage
  • Garage Square Area: 153
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 22,216
  • Total Building Area: 2,534
  • Building Area: 2,534
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,534
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.51
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 100 TERRACE PL MORGANTON, NC 28655

Ownership

  • Current Owner : LATHAN TREASURE LEE
  • Current Owner 2: LATHAN DARREN
  • Previous Owner : BENNETT MARK R
  • Previous Owner 2: BENNETT SANDRA
  • Owner Before Previous Owner: NOLES LISA J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Burke County Schools
  • School Tax School District: BURKE COUNTY LA
  • School Tax District Code 2: BURKE COUNTY TA
  • Census Tract: 020500

Zoning

  • Zoning: LOW INTENS

Geography

  • District: 101
  • Parcel: 3912
  • Municipality: MORGANTON
  • Latitude: 35.7428
  • Longitude: -81.6911

    Address

  • Full Address: 100 Terrace Pl
  • Address - House Number: 100
  • Address - Street Name: Terrace
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Morganton
  • Carrier Code: C009
  • 4-Digit Zip Code: 3774
  • Zip Code: 28655

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,161
  • Tax Rate Code Area: 1068

    Appraisal Valuation

  • Standard Deviation: 0.2703
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 61
  • Final Value: 288,435
  • High Value: 366,427
  • Low Value: 210,442

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $157,315
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Aug 20, 2021
  • First Open Lien Mortgage Loan Amount: $157,315
  • First Open Lien Mortgage Term: 369
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $370,090
  • Market Land Value: $84,122
  • Market Improvement Value: $285,968

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $370,090
  • Assessed Land Value: $84,122
  • Assessed Improvements Value: $285,968

    Sales

  • Current Sale Contract Date: Aug 10, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Transaction ID: 11859237625
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021009927
  • Previous Sale Recording Date: Jun 15, 2011
  • Previous Sale Contract Date: Jun 09, 2011
  • Previous Sale Amount: $9,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Aug 20, 2021
  • First Mortgage Loan Amount: $157,315
  • First Mortgage Terms: 369
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MORGANTON FEDERAL SAVINGS & LO
  • Previous Mortgage Transaction Date: Jun 15, 2011
  • Previous Mortgage Loan Amount: $116,000
  • Previous Mortgage Term: 300
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2036

About Morganton



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 100 Terrace Place located in?
The 100 Terrace Place is a located in the neighborhood of Burke in Morganton, Morganton.
What is the average sales price for listings in 100 Terrace Place?
The average sales price for units in 100 Terrace Place is $0 currently.

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