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1003 Ivy Pond Lane

1003 Ivy Pond Lane, Indian Trail, NC 28079
Property in Union
Sold Sep 08, 2005
$293,000
$292,750 by First Franklin
Mortgage Due Sep 01, 2035
Local assessors in Indian Trail, NC have categorized 1003 Ivy Pond Lane as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 14,985 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional 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, 3 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 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1003 Ivy Pond Lane has a total of 2,371 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 attached garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. 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 - B. The building has a gable style roof. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1003 Ivy Pond Lane sold most recently in Aug 29, 2005 for a total of $293,000. If you work out the math, that's approximately a cost of $123.58 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,909 in taxes each year. 1003 Ivy Pond Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $347,900. If we break it down further, the land itself was valued at $63,000. Improvements to the property, however, were assessed at a total of $284,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 14,985
  • Total Building Area: 2,371
  • Building Area: 2,371
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,371
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHANDLER FOREST
  • Land Acres: 0.344
  • Standard Land Use Code: Rural/agricultural residence
  • Legal Description 1: #42 CHANDLER FOREST OPCI

Ownership

  • Current Owner : MCCOY RICHARD L
  • Current Owner 2: CANNON TERRI C
  • Previous Owner : THE WILLIAMS CO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Union County Public Schools
  • Census Tract: 020315

Zoning

  • Zoning: SF-2 INDIA

Geography

  • District: 7
  • Parcel: 07-135-169
  • Municipality: VANCE TWP
  • Latitude: 35.0583
  • Longitude: -80.6847

    Address

  • Full Address: 1003 Ivy Pond Ln
  • Address - House Number: 1003
  • Address - Street Name: Ivy Pond
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Indian Trail
  • Carrier Code: R056
  • 4-Digit Zip Code: 3463
  • Zip Code: 28079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,909
  • Tax Rate Code Area: 620

    Appraisal Valuation

  • Standard Deviation: 0.1497
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 81
  • Final Value: 525,531
  • High Value: 604,244
  • Low Value: 446,817

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $355,437
  • First Open Lien Mortgage Lender: FIRST FRANKLIN
  • First Open Lien Mortgage Recording Date: Sep 08, 2005
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $292,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2035
  • Second Open Lien Mortgage Lender: DISCOVER BANK
  • Second Open Lien Mortgage Recording Date: Oct 08, 2019
  • Second Open Lien Mortgage Loan Amount: $62,687
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Oct 04, 2034

    Market Valuation

  • Market Total Value: $347,900
  • Market Land Value: $63,000
  • Market Improvement Value: $284,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $347,900
  • Assessed Land Value: $63,000
  • Assessed Improvements Value: $284,900

    Sales

  • Current Sale Contract Date: Aug 29, 2005
  • Current Sale Recording Date: Sep 08, 2005
  • Current Sale Transaction ID: 1139816454
  • Current Sale Price: $293,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0093025

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FRANKLIN
  • First Mortgage Transaction Date: Sep 08, 2005
  • First Mortgage Loan Amount: $292,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Sep 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1003 Ivy Pond Lane located in?
The 1003 Ivy Pond Lane is a located in the neighborhood of Union in Indian Trail, Indian Trail.
What is the average sales price for listings in 1003 Ivy Pond Lane?
The average sales price for units in 1003 Ivy Pond Lane is $0 currently.

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