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1075 Lathrop Lane

1075 Lathrop Lane, Apex, NC 27523
Property in Wake
Sold Oct 05, 2021
$393,500
$373,291 by Rocket Mortgage Llc
Mortgage Due Nov 01, 2051
1075 Lathrop Lane has been categorized by the local assessors in Apex, NC as a residential type of property. The building on the property was first built in 2021 and is 3 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1075 Lathrop Lane has 2,513 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 2,178 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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. 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 frame control joints. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer 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, 1075 Lathrop Lane sold most recently in Oct 5, 2021 for a total of $393,500. If you work out the math, that's approximately a cost of $156.59 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 $3,647 in taxes each year. 1075 Lathrop Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $352,341. If we break it down further, the land itself was valued at $85,000. Improvements to the property, however, were assessed at a total of $267,341. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 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: 2,178
  • Total Building Area: 2,513
  • Building Area: 2,513
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,513
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TOWNES @ NORTH SALEM
  • Land Acres: 0.05
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO70 TOWNES @ NORTH SALEM PH2A BM2019-00419

Ownership

  • Current Owner : SUNDARAMOORTHY PARAMASIVAM
  • Current Owner 2: DURAIRAJ INDUMATHI
  • Previous Owner : HHHUNT HOMES RALEIGH DURHAM LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: PUD-CZ

Geography

  • Assessors Map Reference: BK 2019 PG 419
  • Account Number: 0467304
  • District: 20
  • Subdivision Phase Number: 2A
  • Parcel: 0742.07-67-7716 0467304
  • Lot: 70
  • Municipality: WHITE OAK
  • Latitude: 35.7495
  • Longitude: -78.8426

    Address

  • Full Address: 1075 Lathrop Ln
  • Address - House Number: 1075
  • 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: $3,647

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $373,291
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Loan Amount: $373,291
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $352,341
  • Market Land Value: $85,000
  • Market Improvement Value: $267,341

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $352,341
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $267,341

    Sales

  • Current Sale Contract Date: Oct 05, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Transaction ID: 11864597107
  • Current Sale Price: $393,500
  • Current Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 05, 2021
  • First Mortgage Loan Amount: $373,291
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

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Frequently Asked Questions

What neighborhood is 1075 Lathrop Lane located in?
The 1075 Lathrop Lane is a located in the neighborhood of Wake in Wake, Apex.
What is the average sales price for listings in 1075 Lathrop Lane?
The average sales price for units in 1075 Lathrop Lane is $0 currently.

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