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113 Davis Street

113 Davis Street, Kernersville, NC 27284
Property in Forsyth
Sold May 26, 2021
$360,000
$306,000 by Truist Bank
Mortgage
Sold Jan 04, 2002
$130,000
$137,400 by Branch Banking & Trust Company
Mortgage
113 Davis Street in Kernersville, NC was first built in 1970 and is 54 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. The linear feet across the front of the lot is 750 ft and the linear feet between the front and back of the lot is 910. In total, the area measurement of the land is 6,970 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a mansard style roof made of shingle (not wood). Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. As for heating, the home is utilizing a forced air unit. 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, 113 Davis Street sold most recently in May 26, 2021 for a total of $360,000. If you work out the math, that's approximately a cost of $127.12 per sqft. Before that, the property was also sold for $130,000 in Jan 4, 2002. 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 $1,636 in taxes each year. 113 Davis Street was most recently assessed in 2021. During this assessment, the property's total value was estimated to be about $160,500. If we break it down further, the land itself was valued at $24,100. Improvements to the property, however, were assessed at a total of $136,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Multifamily
  • Exterior Walls Type: Brick
  • Roof Shape Type: Mansard
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 910
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,832
  • Gross Building Area: 2,832
  • Building Area: 2,832
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: KERNERSVILLE BUSINESS & INDUSTRIAL PARKS
  • Land Acres: 0.16
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: APARTMENT NAME UNKNOWN LO033 BL2115 BU1

Ownership

  • Current Owner : HAGE PROPERTIES LLC
  • Previous Owner : SMITH DAVID H
  • Owner Before Previous Owner: LAMBE CLARENCE R
  • Owner Before Previous Owner 2: LAMBE KATHERINE W
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Forsyth County Schools
  • Census Tract: 003202

Zoning

  • Zoning: RM18

Geography

  • Assessors Map Reference: PM6886
  • Parcel: 6886-42-5971.00
  • Block: 2115
  • Lot: 33
  • Municipality: KERNERSVILLE
  • Latitude: 36.1163
  • Longitude: -80.0679

    Address

  • Full Address: 113 Davis St
  • Address - House Number: 113
  • Address - Street Name: Davis
  • Address - Suffix Type: St
  • State: NC
  • City Name: Kernersville
  • Carrier Code: C009
  • 4-Digit Zip Code: 2929
  • Zip Code: 27284

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $1,636

    Appraisal Valuation

  • Standard Deviation: 0.1406
  • Valuation Date: Mar 09, 2022
  • Confidence Score: 71
  • Final Value: 122,810
  • High Value: 140,078
  • Low Value: 105,541

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $306,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: May 26, 2021
  • First Open Lien Mortgage Loan Amount: $306,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $160,500
  • Market Land Value: $24,100
  • Market Improvement Value: $136,400

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $160,500
  • Assessed Land Value: $24,100
  • Assessed Improvements Value: $136,400

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: May 26, 2021
  • Current Sale Transaction ID: 11836209961
  • Current Sale Price: $360,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021027976
  • Previous Sale Recording Date: Jan 04, 2002
  • Previous Sale Contract Date: Jan 04, 2002
  • Previous Sale Amount: $130,000
  • 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: $306,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING & TRUST COMPANY
  • Previous Mortgage Transaction Date: Jan 04, 2002
  • Previous Mortgage Loan Amount: $137,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Kernersville



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Frequently Asked Questions

What neighborhood is 113 Davis Street located in?
The 113 Davis Street is a located in the neighborhood of Forsyth in Kernersville, Kernersville.
What is the average sales price for listings in 113 Davis Street?
The average sales price for units in 113 Davis Street is $0 currently.

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