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115 River Drive

115 River Drive, Louisburg, NC 27549
Land in Franklin
Sold Oct 05, 2020
$154,000
$156,000 by State Employees Cu
Mortgage Due Nov 01, 2035
Sold Jun 03, 2020
$35,000
Local assessors in Louisburg, NC have categorized 115 River Drive as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 56,192 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 115 River Drive has a total of 1,836 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 well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of asphalt. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source and it is being fueled with electricity. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 115 River Drive was last sold in Oct 3, 2020 for $154,000. According to our calculations, that's $83.88 per sqft. Prior to that sales transaction, the property was sold for $35,000 in Jun 3, 2020. Current property owners are expected to pay $1,464 in taxes per year. The property on 115 River Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $157,390. To break that down further, the land itself was valued at $20,000. While improvements to the property were assessed at a total of $137,390. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Vinyl
  • Basement Type: Unspecified basement
  • Basement Area: 1,836
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 56,192
  • Total Building Area: 1,836
  • Building Area: 1,836
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,836
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: TAR RIVER EST
  • Land Acres: 1.29
  • Standard Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • Mobile Home Indicator: T
  • Legal Description 1: MB 2002/378

Ownership

  • Current Owner : TABRON LAMONT
  • Current Owner 2: TABRON CONESHA
  • Previous Owner : CMH HOMES INC
  • Owner Before Previous Owner: KHAROUFEH GHALEB
  • Owner Before Previous Owner 2: TLAIB SUHA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin County Schools
  • Census Tract: 060701

Zoning

  • Zoning: FCO AR

Geography

  • District: 109
  • Parcel: 035978
  • Lot: 18
  • Municipality: CYPRESS CREEK
  • Latitude: 36.0112
  • Longitude: -78.2369

    Address

  • Full Address: 115 River Dr
  • Address - House Number: 115
  • Address - Street Name: River
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Louisburg
  • Carrier Code: R008
  • 4-Digit Zip Code: 6524
  • Zip Code: 27549

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,464
  • Tax Rate Code Area: BUNF

    Appraisal Valuation

  • Standard Deviation: 0.2432
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 65
  • Final Value: 313,317
  • High Value: 389,546
  • Low Value: 237,087

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $156,000
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Oct 05, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $156,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2035

    Market Valuation

  • Market Total Value: $157,390
  • Market Land Value: $20,000
  • Market Improvement Value: $137,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,390
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $137,390

    Sales

  • Current Sale Contract Date: Oct 03, 2020
  • Current Sale Recording Date: Oct 05, 2020
  • Current Sale Transaction ID: 11793191756
  • Current Sale Price: $154,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 03, 2020
  • Previous Sale Contract Date: Jun 03, 2020
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Oct 05, 2020
  • First Mortgage Loan Amount: $156,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Franklin



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Frequently Asked Questions

What neighborhood is 115 River Drive located in?
The 115 River Drive is a land located in the neighborhood of Franklin in Franklin, Louisburg.
What is the average sales price for listings in 115 River Drive?
The average sales price for units in 115 River Drive is $0 currently.

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