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105 Possum Trot Road

105 Possum Trot Road, Marion, NC 28752
Property in McDowell
Sold Nov 30, 2021
$385,000
$342,000 by Union Home Mortgage Corp
Mortgage Due Dec 01, 2051
105 Possum Trot Road has been categorized by the local assessors in Marion, NC as a residential type of property. The building on the property was first built in 1967 and is 57 years old. However, we must point out that the home was most recently renovated and altered in 1980. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. In addition, 105 Possum Trot Road has 2,274 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 60,592 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The exterior walls of the building are made of brick veneer. While the interior walls have been made of minimum/plywood materials. The inside of the home is being cooled with central air conditioning at the moment. There is a single fireplace in the home. Perfect for those wintery nights. 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 Possum Trot Road sold most recently in Nov 17, 2021 for a total of $385,000. If you work out the math, that's approximately a cost of $169.31 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 $1,633 in taxes each year. 105 Possum Trot Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $240,910. If we break it down further, the land itself was valued at $80,000. Improvements to the property, however, were assessed at a total of $160,910. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1967
  • Effective Year Built: 1980
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Minimum/playwood materials
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 60,592
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,274
  • Building Area: 2,274
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,274
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.391
  • Standard Land Use Code: Rural/agricultural residence
  • Legal Description 1: 1.391 AC PER PB 23/78

Ownership

  • Current Owner : MOSSEFIN ROBERT MARTIN
  • Current Owner 2: MOSSEFIN JENNIFER ELIZABETH
  • Previous Owner : 105 POSSUM TROT LLC

Neighborhood

  • School District Name: McDowell County Schools
  • Census Tract: 970600

Geography

  • Account Number: 76439
  • District: 09
  • Parcel: 0787-00-67-8423
  • Municipality: NORTH COVE
  • Latitude: 35.8471
  • Longitude: -82.0813

    Address

  • Full Address: 105 Possum Trot Rd
  • Address - House Number: 105
  • Address - Street Name: Possum Trot
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Marion
  • Zip Code: 28752

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,633

    Appraisal Valuation

  • Standard Deviation: 0.4829
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 3
  • Final Value: 352,834
  • High Value: 523,243
  • Low Value: 182,424

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $342,000
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 30, 2021
  • First Open Lien Mortgage Loan Amount: $342,000
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $240,910
  • Market Land Value: $80,000
  • Market Improvement Value: $160,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $240,910
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $160,910

    Sales

  • Current Sale Contract Date: Nov 17, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11870244803
  • Current Sale Price: $385,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021007656

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 30, 2021
  • First Mortgage Loan Amount: $342,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

About McDowell



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Frequently Asked Questions

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

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