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105 Morgan Terrace

105 Morgan Terrace, Marion, NC 28752
Property in McDowell
Sold Oct 05, 2015
$58,000
$56,949 by Atlantic Bay Mortgage Group Ll
Mortgage Due Nov 01, 2045
Sold Aug 01, 2003
$61,500
Local assessors in Marion, NC have categorized 105 Morgan Terrace as a residential type of property. The home was built in 1900 and is 124 years old. It was most recently renovated and altered in 1960. The property's lot size has been calculated to be 11,326 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 is one full bathroom. There is also a partial bathroom. 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 105 Morgan Terrace has a total of 948 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. 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. Lots of asbestos shingle were used in the construction of the exterior walls of the home. While the walls in the interior have been made of minimum/plywood materials. Residents rely on no air conditioning for their cooling system. 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, 105 Morgan Terrace sold most recently in Oct 5, 2015 for a total of $58,000. If you work out the math, that's approximately a cost of $61.18 per sqft. Before that, the property was also sold for $61,500 in Aug 1, 2003. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $345 in taxes each year. 105 Morgan Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $57,710. If we break it down further, the land itself was valued at $20,000. Improvements to the property, however, were assessed at a total of $37,710. 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: 1900
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Exterior Walls Type: Asbestos shingle
  • Interior Walls Type: Minimum/playwood materials
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Frontage Feet: 0
  • Total Building Area: 948
  • Building Area: 948
  • Building Area Measurement: Base Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: unknown
  • Heated Square Feet: 948
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE MORGAN TERRACE PROPERTY
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 38 MORGAN TERRACE.26 AC CITY OF MARION TWP

Ownership

  • Current Owner : STANLEY VICKIE LYNN
  • Previous Owner : KEUPER JOAN C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: McDowell County Schools
  • Census Tract: 970300

Geography

  • Account Number: 61364
  • District: 06
  • Parcel: 1701-08-88-4676
  • Lot: 38
  • Municipality: MARION
  • Latitude: 35.6878
  • Longitude: -82.0026

    Address

  • Full Address: 105 Morgan Ter
  • Address - House Number: 105
  • Address - Street Name: Morgan
  • Address - Suffix Type: Ter
  • State: NC
  • City Name: Marion
  • Carrier Code: C009
  • 4-Digit Zip Code: 5207
  • Zip Code: 28752

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $345

    Appraisal Valuation

  • Standard Deviation: 0.4829
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 3
  • Final Value: 65,454
  • High Value: 97,066
  • Low Value: 33,841

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $56,949
  • First Open Lien Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Open Lien Mortgage Recording Date: Oct 05, 2015
  • First Open Lien Mortgage Loan Amount: $56,949
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2045

    Market Valuation

  • Market Total Value: $57,710
  • Market Land Value: $20,000
  • Market Improvement Value: $37,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,710
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $37,710

    Sales

  • Current Sale Contract Date: Oct 05, 2015
  • Current Sale Recording Date: Oct 05, 2015
  • Current Sale Transaction ID: 1309238266
  • Current Sale Price: $58,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015004472
  • Previous Sale Recording Date: Aug 01, 2003
  • Previous Sale Contract Date: Aug 01, 2003
  • Previous Sale Amount: $61,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Mortgage Transaction Date: Oct 05, 2015
  • First Mortgage Loan Amount: $56,949
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2045

About Marion



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Frequently Asked Questions

What neighborhood is 105 Morgan Terrace located in?
The 105 Morgan Terrace is a located in the neighborhood of McDowell in Marion, Marion.
What is the average sales price for listings in 105 Morgan Terrace?
The average sales price for units in 105 Morgan Terrace is $0 currently.

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