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1014 Farmingham Lane

1014 Farmingham Lane, Indian Trail, NC 28079
Property in Union
Sold Jun 06, 2023
$405,000
$270,000 by U.s. Bank National Association
Mortgage Due Jul 01, 2053
Sold Jun 01, 2022
$415,000
$332,000 by United Wholesale Mortgage Llc
Mortgage Due Jun 01, 2052
1014 Farmingham Lane has been categorized by the local assessors in Indian Trail, NC as a residential type of property. The building on the property was first built in 2001 and is 23 years old. The home has a total of 3 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1014 Farmingham Lane has 1,856 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,320 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. 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, 1014 Farmingham Lane was last sold in Jun 6, 2023 for $405,000. According to our calculations, that's $218.21 per sqft. Prior to that sales transaction, the property was sold for $415,000 in Jun 1, 2022. Current property owners are expected to pay $2,197 in taxes per year. The property on 1014 Farmingham Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $261,200. To break that down further, the land itself was valued at $52,900. While improvements to the property were assessed at a total of $208,300. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,320
  • Total Building Area: 1,856
  • Gross Building Area: 2,296
  • Building Area: 1,856
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,856
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRANDON OAKS - MORNING CREEK
  • Land Acres: 0.191
  • Standard Land Use Code: Rural/agricultural residence
  • Legal Description 1: #41 MORNING CREEK@BRANDON

Ownership

  • Current Owner : FERRIGNO GLADIS
  • Previous Owner : MILLS MICHAEL J
  • Owner Before Previous Owner: BAINE BOYCE H
  • Owner Before Previous Owner 2: BAINE ANDREA P
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Union County Public Schools
  • Census Tract: 020316

Zoning

  • Zoning: SF-4 INDIA

Geography

  • District: 7
  • Parcel: 07-117-590
  • Block: 10
  • Lot: 41
  • Municipality: VANCE TWP
  • Latitude: 35.0448
  • Longitude: -80.6678

    Address

  • Full Address: 1014 Farmingham Ln
  • Address - House Number: 1014
  • Address - Street Name: Farmingham
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Indian Trail
  • Carrier Code: R050
  • 4-Digit Zip Code: 3640
  • Zip Code: 28079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,197
  • Tax Rate Code Area: 620

    Appraisal Valuation

  • Standard Deviation: 0.1497
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 81
  • Final Value: 400,554
  • High Value: 460,549
  • Low Value: 340,559

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Jun 06, 2023
  • First Open Lien Mortgage Loan Amount: $270,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $261,200
  • Market Land Value: $52,900
  • Market Improvement Value: $208,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $261,200
  • Assessed Land Value: $52,900
  • Assessed Improvements Value: $208,300

    Sales

  • Current Sale Contract Date: Jun 06, 2023
  • Current Sale Recording Date: Jun 06, 2023
  • Current Sale Transaction ID: 11907767462
  • Current Sale Price: $405,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13370
  • Previous Sale Recording Date: Jun 01, 2022
  • Previous Sale Contract Date: Jun 01, 2022
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Mortgage Transaction Date: Jun 06, 2023
  • First Mortgage Loan Amount: $270,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • Previous Mortgage Transaction Date: Jun 01, 2022
  • Previous Mortgage Loan Amount: $332,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2052

About Indian Trail



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1014 Farmingham Lane located in?
The 1014 Farmingham Lane is a located in the neighborhood of Union in Indian Trail, Indian Trail.
What is the average sales price for listings in 1014 Farmingham Lane?
The average sales price for units in 1014 Farmingham Lane is $0 currently.

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