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118 Nicolet Lane

118 Nicolet Lane, Smithfield, NC 27577
House in Lee Trace
Sold Apr 30, 2020
$243,000
$218,500 by Advantage Lending Llc
Mortgage Due May 01, 2050
Sold Mar 30, 2016
$187,000
$100,000 by Branch Banking And Trust Co
Mortgage Due Apr 01, 2046
118 Nicolet Lane in Smithfield, NC was first built in 2004 and is 20 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 118 Nicolet Lane has 1,999 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 30,928 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of composition shingle. For those who need parking, there is a garage. The garage is 700 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heat pump and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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 Nicolet Lane sold most recently in Apr 22, 2020 for a total of $243,000. If you work out the math, that's approximately a cost of $121.56 per sqft. Before that, the property was also sold for $187,000 in Mar 28, 2016. 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 $1,584 in taxes each year. 118 Nicolet Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $205,760. If we break it down further, the land itself was valued at $34,000. Improvements to the property, however, were assessed at a total of $171,760. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C+
  • 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: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 700
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 30,928
  • Total Building Area: 1,999
  • Gross Building Area: 2,894
  • Building Area: 1,999
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,999
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.71
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 64 LEE TRACE 55/70-75

Ownership

  • Current Owner : HALL WALTER ROY
  • Previous Owner : ENGLAND SAMUEL S
  • Previous Owner 2: ENGLAND CYNTHIA F
  • Owner Before Previous Owner: BULLOCK DOUGLAS E
  • Owner Before Previous Owner 2: BULLOCK DIANE G
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Johnston County Schools
  • School Tax School District: 26
  • School Tax District Code 2: 15
  • Census Tract: 040905

Zoning

  • Zoning: RAG

Geography

  • Assessors Map Reference: BK: 55 PG: 74
  • Account Number: 2000228134
  • District: 15
  • Parcel: 15H07014C
  • Lot: 64
  • Municipality: WILSON S MILLS
  • Latitude: 35.5378
  • Longitude: -78.4505

    Address

  • Full Address: 118 Nicolet Ln
  • Address - House Number: 118
  • Address - Street Name: Nicolet
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Smithfield
  • Carrier Code: R010
  • 4-Digit Zip Code: 9528
  • Zip Code: 27577

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,584
  • Tax Rate Code Area: C,FR26

    Appraisal Valuation

  • Standard Deviation: 0.1909
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 74
  • Final Value: 369,681
  • High Value: 440,272
  • Low Value: 299,090

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $218,500
  • First Open Lien Mortgage Lender: ADVANTAGE LENDING LLC
  • First Open Lien Mortgage Recording Date: Apr 30, 2020
  • First Open Lien Mortgage Loan Amount: $218,500
  • 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: May 01, 2050

    Market Valuation

  • Market Total Value: $205,760
  • Market Land Value: $34,000
  • Market Improvement Value: $171,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,760
  • Assessed Land Value: $34,000
  • Assessed Improvements Value: $171,760

    Sales

  • Current Sale Contract Date: Apr 22, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Transaction ID: 11758678018
  • Current Sale Price: $243,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020657194
  • Previous Sale Recording Date: Mar 30, 2016
  • Previous Sale Contract Date: Mar 28, 2016
  • Previous Sale Amount: $187,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ADVANTAGE LENDING LLC
  • First Mortgage Transaction Date: Apr 30, 2020
  • First Mortgage Loan Amount: $218,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Previous Mortgage Transaction Date: Mar 30, 2016
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2046

About Lee Trace



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Frequently Asked Questions

What neighborhood is 118 Nicolet Lane located in?
The 118 Nicolet Lane is a house located in the neighborhood of Lee Trace in Lee Trace, Smithfield.
What is the average sales price for listings in 118 Nicolet Lane?
The average sales price for units in 118 Nicolet Lane is $0 currently.

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