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1059 Lathrop Lane

1059 Lathrop Lane, Apex, NC 27523
Property in Wake
Sold May 26, 2021
$323,500
$288,000 by Truist Bank
Mortgage Due Jun 01, 2051
Sold Dec 30, 2020
$925,500
$100 by M & T Bank
Mortgage
Local assessors in Apex, NC have categorized 1059 Lathrop Lane as a residential type of property. The home was built in 2021 and is 3 years old. The property's lot size has been calculated to be 2,614 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 3 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 1059 Lathrop Lane has a total of 2,467 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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. 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 frame control joints. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in May 26, 2021 for $323,500. That's $131.13 per sqft. Prior to that sales transaction, the property was also sold in Dec 29, 2020 for $925,500. 1059 Lathrop Lane was last assessed in 2022. The total value of the property was assessed at $347,693. Specifically, the land the property is located on was valued at $85,000. While improvements on the property were assessed at a total of $262,693. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,600. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Townhouse
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,614
  • Total Building Area: 2,467
  • Building Area: 2,467
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,467
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TOWNES @ NORTH SALEM
  • Land Acres: 0.06
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO63 TOWNES @ NORTH SALEM PH2A BM2019-00419

Ownership

  • Current Owner : KIM MIN JI
  • Previous Owner : HHHUNT HOMES RALEIGH DURHAM LLC
  • Owner Before Previous Owner: HHHUNT NORTH SALEM LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 000053

Zoning

  • Zoning: PUD-CZ

Geography

  • Assessors Map Reference: BK 2019 PG 419
  • Account Number: 0467297
  • District: 20
  • Subdivision Phase Number: 2A
  • Parcel: 0742.07-67-9706 0467297
  • Lot: 63
  • Municipality: WHITE OAK
  • Latitude: 35.7495
  • Longitude: -78.8419

    Address

  • Full Address: 1059 Lathrop Ln
  • Address - House Number: 1059
  • Address - Street Name: Lathrop
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Apex
  • Carrier Code: R021
  • 4-Digit Zip Code: 6424
  • Zip Code: 27523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,600

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $288,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: May 26, 2021
  • First Open Lien Mortgage Loan Amount: $288,000
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $347,693
  • Market Land Value: $85,000
  • Market Improvement Value: $262,693

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $347,693
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $262,693

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: May 26, 2021
  • Current Sale Transaction ID: 11843595184
  • Current Sale Price: $323,500
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Dec 30, 2020
  • Previous Sale Contract Date: Dec 29, 2020
  • Previous Sale Amount: $925,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: May 26, 2021
  • First Mortgage Loan Amount: $288,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: M & T BANK
  • Previous Mortgage Transaction Date: Dec 30, 2020
  • Previous Mortgage Loan Amount: $100
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 1059 Lathrop Lane located in?
The 1059 Lathrop Lane is a located in the neighborhood of Wake in Wake, Apex.
What is the average sales price for listings in 1059 Lathrop Lane?
The average sales price for units in 1059 Lathrop Lane is $0 currently.

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