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118 Lake Shore Drive

118 Lake Shore Drive, Norwood, NC 28128
Property in Stanly
Sold Oct 31, 2019
$25,000
$228,470 by Jpmorgan Chase Bank Na
Mortgage Due May 01, 2039
Sold Jan 01, 2010
Transfer
Local assessors in Norwood, NC have categorized 118 Lake Shore Drive as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 153,767 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 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 118 Lake Shore Drive has a total of 2,551 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. 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 532 sqft. 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 - B-. The building has a gable or hip style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. 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 central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with electricity. 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, 118 Lake Shore Drive sold most recently in Oct 23, 2019 for a total of $25,000. If you work out the math, that's approximately a cost of $9.80 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 $601 in taxes each year. The initial year of tax delinquency occurred in 2021. 118 Lake Shore Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $295,122. If we break it down further, the land itself was valued at $29,812. Improvements to the property, however, were assessed at a total of $265,310. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B-
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Vinyl
  • Basement Type: Unspecified basement
  • Basement Area: 1,492
  • Garage Type: Attached
  • Garage Square Area: 532
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 153,767
  • Total Building Area: 2,551
  • Building Area: 2,551
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,551
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: AMERICAN LANDINDIAN MOUN
  • Land Acres: 3.53
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HSE 118 LAKE SHORE DR PT LT 17 656410027

Ownership

  • Current Owner : FURR JOHNATHAN L
  • Current Owner 2: FURR KAYLA L
  • Previous Owner : HOOVER JOHN P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Stanly County Schools
  • Census Tract: 931101

Zoning

  • Zoning: R-20

Geography

  • Assessors Map Reference: MP 17 PG 10
  • Account Number: 32227
  • District: 124
  • Parcel: 656401456145
  • Lot: 17
  • Municipality: NORWOOD TOWNSHIP
  • Latitude: 35.2427
  • Longitude: -80.123

    Address

  • Full Address: 118 Lake Shore Dr
  • Address - House Number: 118
  • Address - Street Name: Lake Shore
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Norwood
  • Carrier Code: R003
  • 4-Digit Zip Code: 6563
  • Zip Code: 28128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $601
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 540:540

    Appraisal Valuation

  • Standard Deviation: 0.2481
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 65
  • Final Value: 452,608
  • High Value: 564,915
  • Low Value: 340,302

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $257,583
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Apr 17, 2009
  • First Open Lien Mortgage Loan Amount: $228,470
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: May 01, 2039
  • Second Open Lien Mortgage Lender: NORTH CAROLINA HOUSING FINANCE
  • Second Open Lien Mortgage Recording Date: May 11, 2012
  • Second Open Lien Mortgage Loan Amount: $29,113
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $295,122
  • Market Land Value: $29,812
  • Market Improvement Value: $265,310

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $295,122
  • Assessed Land Value: $29,812
  • Assessed Improvements Value: $265,310

    Sales

  • Current Sale Contract Date: Oct 23, 2019
  • Current Sale Recording Date: Oct 31, 2019
  • Current Sale Transaction ID: 11712009093
  • Current Sale Price: $25,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 414435
  • Previous Sale Recording Date: Jan 01, 2010
  • Previous Sale Contract Date: Jan 01, 2010
  • Previous Sale Document Type: Deed

About Norwood



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Frequently Asked Questions

What neighborhood is 118 Lake Shore Drive located in?
The 118 Lake Shore Drive is a located in the neighborhood of Stanly in Norwood, Norwood.
What is the average sales price for listings in 118 Lake Shore Drive?
The average sales price for units in 118 Lake Shore Drive is $0 currently.

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