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1225 Ballerina Lane

1225 Ballerina Lane, Durham, NC 27703
Property in Durham
Sold Jul 29, 2021
$394,500
$314,000 by Lennar Mortgage Llc
Mortgage Due Aug 01, 2051
Sold Jul 29, 2021
$106,500
Local assessors in Durham, NC have categorized 1225 Ballerina Lane 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 5,663 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. 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, 2 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 1225 Ballerina Lane has a total of 1,778 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1225 Ballerina Lane sold most recently in Jul 29, 2021 for a total of $394,500. If you work out the math, that's approximately a cost of $221.88 per sqft. Before that, the property was also sold for $106,500 in Jul 9, 2021. 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 $4,518 in taxes each year. 1225 Ballerina Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $344,928. If we break it down further, the land itself was valued at $70,625. Improvements to the property, however, were assessed at a total of $274,303. 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: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 1,778
  • Building Area: 1,778
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,778
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FENDOL FARMS LTS 105-504
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FENDOL FARMS LTS 105-504/ LT#115 PL000203-000231

Ownership

  • Current Owner : GARRETT SHARI RITTMAN
  • Previous Owner : LENNAR CAROLINAS LLC
  • Owner Before Previous Owner: RREF II FH NC SIERRA LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 001900

Zoning

  • Zoning: PDR 2.903

Geography

  • Assessors Map Reference: BK 203 PG 231
  • Parcel: 224242
  • Lot: 105,504
  • Municipality: CITY OF DURHAM
  • Latitude: 35.945
  • Longitude: -78.7909

    Address

  • Full Address: 1225 Ballerina Ln
  • Address - House Number: 1225
  • Address - Street Name: Ballerina
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Durham
  • Carrier Code: R052
  • 4-Digit Zip Code: 4685
  • Zip Code: 27703

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,518

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 78
  • Final Value: 540,598
  • High Value: 632,226
  • Low Value: 448,971

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $314,000
  • First Open Lien Mortgage Lender: LENNAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 29, 2021
  • First Open Lien Mortgage Loan Amount: $314,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $344,928
  • Market Land Value: $70,625
  • Market Improvement Value: $274,303

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $344,928
  • Assessed Land Value: $70,625
  • Assessed Improvements Value: $274,303

    Sales

  • Current Sale Contract Date: Jul 29, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Transaction ID: 11846779491
  • Current Sale Price: $394,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2021038494
  • Previous Sale Recording Date: Jul 29, 2021
  • Previous Sale Contract Date: Jul 09, 2021
  • Previous Sale Amount: $106,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LENNAR MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 29, 2021
  • First Mortgage Loan Amount: $314,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

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Frequently Asked Questions

What neighborhood is 1225 Ballerina Lane located in?
The 1225 Ballerina Lane is a located in the neighborhood of Durham in Durham, Durham.
What is the average sales price for listings in 1225 Ballerina Lane?
The average sales price for units in 1225 Ballerina Lane is $0 currently.

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