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1200 Lexington Farm Road

1200 Lexington Farm Road, Apex, NC 27502
Property in Lexington
Sold Dec 11, 2019
$229,000
$217,500 by Guardian Mortgage Co Inc
Mortgage Due Jan 01, 2050
Sold Aug 12, 2016
$203,000
$186,010 by American Financial Network Inc
Mortgage Due Sep 01, 2046
1200 Lexington Farm Road has been categorized by the local assessors in Apex, NC as a residential type of property. The building on the property was first built in 1996 and is 28 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1200 Lexington Farm Road has 1,619 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 10,454 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 garage for those who require parking. The garage measured 400 sqft. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a gable style roof. The exterior walls of the building are made of alum/vinyl siding. 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 and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer 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, 1200 Lexington Farm Road sold most recently in Dec 10, 2019 for a total of $229,000. If you work out the math, that's approximately a cost of $141.45 per sqft. Before that, the property was also sold for $203,000 in Aug 3, 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 $2,197 in taxes each year. 1200 Lexington Farm Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $211,442. If we break it down further, the land itself was valued at $85,000. Improvements to the property, however, were assessed at a total of $126,442. 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: 1996
  • Effective Year Built: 1996
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,619
  • Building Area: 1,619
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,619
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LEXINGTON SUB
  • Land Acres: 0.24
  • Standard Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • Mobile Home Indicator: T
  • Legal Description 1: LO35 LEXINGTON SUB PH1 SC-C BM1995-01203

Ownership

  • Current Owner : VALERI MICHAEL ANTHONY
  • Current Owner 2: DISCEPOLI SARAH DANIELLE
  • Previous Owner : HORTON LEE A
  • Previous Owner 2: HORTON GARY R
  • Owner Before Previous Owner: REED MICHALLE A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053417

Zoning

  • Zoning: MH-CU

Geography

  • Account Number: 0218858
  • District: 20
  • Subdivision Phase Number: 1
  • Parcel: 0741.03-34-0263 0218858
  • Lot: 35
  • Municipality: WHITE OAK
  • Latitude: 35.7123
  • Longitude: -78.8549

    Address

  • Full Address: 1200 Lexington Farm Rd
  • Address - House Number: 1200
  • Address - Street Name: Lexington Farm
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Apex
  • Carrier Code: R038
  • 4-Digit Zip Code: 5307
  • Zip Code: 27502

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,197

    Appraisal Valuation

  • Standard Deviation: 0.1368
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 387,271
  • High Value: 440,275
  • Low Value: 334,267

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $353,080
  • First Open Lien Mortgage Lender: GUARDIAN MORTGAGE CO INC
  • First Open Lien Mortgage Recording Date: Dec 11, 2019
  • First Open Lien Mortgage Loan Amount: $217,500
  • 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: Jan 01, 2050
  • Second Open Lien Mortgage Lender: AMERICAN FINANCIAL RESOURCES I
  • Second Open Lien Mortgage Recording Date: Jan 07, 2022
  • Second Open Lien Mortgage Loan Amount: $135,580
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2037

    Market Valuation

  • Market Total Value: $211,442
  • Market Land Value: $85,000
  • Market Improvement Value: $126,442

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $211,442
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $126,442

    Sales

  • Current Sale Contract Date: Dec 10, 2019
  • Current Sale Recording Date: Dec 11, 2019
  • Current Sale Transaction ID: 11713943809
  • Current Sale Price: $229,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 12, 2016
  • Previous Sale Contract Date: Aug 03, 2016
  • Previous Sale Amount: $203,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARDIAN MORTGAGE CO INC
  • First Mortgage Transaction Date: Dec 11, 2019
  • First Mortgage Loan Amount: $217,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN FINANCIAL NETWORK INC
  • Previous Mortgage Transaction Date: Aug 12, 2016
  • Previous Mortgage Loan Amount: $186,010
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2046

About Lexington



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Frequently Asked Questions

What neighborhood is 1200 Lexington Farm Road located in?
The 1200 Lexington Farm Road is a modular home located in the neighborhood of Lexington in Lexington, Apex.
What is the average sales price for listings in 1200 Lexington Farm Road?
The average sales price for units in 1200 Lexington Farm Road is $0 currently.

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