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109 Settlemyre Road

109 Settlemyre Road, Morganton, NC 28655
Property in Burke
Sold Jun 22, 2021
$125,000
$105,000 by State Employees Cu
Mortgage Due Jul 01, 2051
109 Settlemyre Road has been categorized by the local assessors in Morganton, NC as a residential type of property. The building on the property was first built in 1946 and is 78 years old. However, we must point out that the home was most recently renovated and altered in 1980. The home has a total of 4 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 109 Settlemyre Road has 1,256 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 14,375 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 carport for those who require parking. Residents will have the luxury of enjoying both a open porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as average. 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 or hip style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. As for the floors, you'll see that the home has flooring throughout. 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. 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, 109 Settlemyre Road sold most recently in Jun 21, 2021 for a total of $125,000. If you work out the math, that's approximately a cost of $99.52 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 $766 in taxes each year. 109 Settlemyre Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $121,127. If we break it down further, the land itself was valued at $17,325. Improvements to the property, however, were assessed at a total of $103,802. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Vinyl Siding

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1980
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 1,256
  • Building Area: 1,256
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,256
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DREXEL HOUSING TRUST
  • Land Acres: 0.33
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 109 SETTLEMYRE RD MORGANTON, NC 28655

Ownership

  • Current Owner : SMITH TRECIA F
  • Current Owner 2: SMITH THOMAS J
  • Previous Owner : WATTS NANCY R
  • Previous Owner 2: WATTS HERMAN E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Burke County Schools
  • School Tax School District: BURKE COUNTY LA
  • School Tax District Code 2: BURKE COUNTY TA
  • Census Tract: 020801

Zoning

  • Zoning: R-8 RESIDE

Geography

  • District: 104
  • Parcel: 10502
  • Municipality: DREXEL
  • Latitude: 35.754
  • Longitude: -81.6093

    Address

  • Full Address: 109 Settlemyre Rd
  • Address - House Number: 109
  • Address - Street Name: Settlemyre
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Morganton
  • Carrier Code: R009
  • 4-Digit Zip Code: 6981
  • Zip Code: 28655

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $766
  • Tax Rate Code Area: 4011

    Appraisal Valuation

  • Standard Deviation: 0.3436
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 31
  • Final Value: 331,904
  • High Value: 445,960
  • Low Value: 217,847

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $105,000
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Jun 22, 2021
  • First Open Lien Mortgage Loan Amount: $105,000
  • 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, 2051

    Market Valuation

  • Market Total Value: $121,127
  • Market Land Value: $17,325
  • Market Improvement Value: $103,802

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,127
  • Assessed Land Value: $17,325
  • Assessed Improvements Value: $103,802

    Sales

  • Current Sale Contract Date: Jun 21, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Transaction ID: 11859209268
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021007270

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Jun 22, 2021
  • First Mortgage Loan Amount: $105,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

About Drexel



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Frequently Asked Questions

What neighborhood is 109 Settlemyre Road located in?
The 109 Settlemyre Road is a located in the neighborhood of Burke in Drexel, Morganton.
What is the average sales price for listings in 109 Settlemyre Road?
The average sales price for units in 109 Settlemyre Road is $0 currently.

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