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12502 Franklin Park Lane

12502 Franklin Park Lane, Huntersville, NC 28078
Property in Mecklenburg
Sold Dec 06, 2019
$551,000
$250,990 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2050
12502 Franklin Park Lane in Huntersville, NC was first built in 2019 and is 5 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, 5 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 12502 Franklin Park Lane has 4,044 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 19,123 square feet.

Learn more about the property and building on this page. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. 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 forced air unit and being fueled with gas. 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. 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, 12502 Franklin Park Lane was last sold in Nov 22, 2019 for $551,000. According to our calculations, that's $136.25 per sqft. Current property owners are expected to pay $4,542 in taxes per year. The property on 12502 Franklin Park Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $754,000. To break that down further, the land itself was valued at $140,000. While improvements to the property were assessed at a total of $614,000. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,123
  • Total Building Area: 4,044
  • Gross Building Area: 4,044
  • Building Area: 4,044
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 4,044
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLMSTED
  • Land Acres: 0.439
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L322 M62-849 TO 853

Ownership

  • Current Owner : PATEL MITUL
  • Current Owner 2: PATEL PALAK
  • Previous Owner : PULTE HOME COMPANY LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: HUNTERSVILLE
  • Census Tract: 006305

Geography

  • Assessors Map Reference: BK 21 PG 18
  • District: 6
  • Parcel: 021-182-38
  • Block: 2
  • Lot: 322
  • Municipality: HUNTERSVILLE
  • Latitude: 35.3907
  • Longitude: -80.796

    Address

  • Full Address: 12502 Franklin Park Ln
  • Address - House Number: 12502
  • Address - Street Name: Franklin Park
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Huntersville
  • Carrier Code: R001
  • 4-Digit Zip Code: 6718
  • Zip Code: 28078

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,542

    Appraisal Valuation

  • Standard Deviation: 0.1863
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 75
  • Final Value: 811,059
  • High Value: 962,238
  • Low Value: 659,881

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,990
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Dec 06, 2019
  • First Open Lien Mortgage Loan Amount: $250,990
  • 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

    Market Valuation

  • Market Total Value: $754,000
  • Market Land Value: $140,000
  • Market Improvement Value: $614,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $754,000
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $614,000

    Sales

  • Current Sale Contract Date: Nov 22, 2019
  • Current Sale Recording Date: Dec 06, 2019
  • Current Sale Transaction ID: 11708241494
  • Current Sale Price: $551,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2019167127

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Dec 06, 2019
  • First Mortgage Loan Amount: $250,990
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

About Huntersville



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Frequently Asked Questions

What neighborhood is 12502 Franklin Park Lane located in?
The 12502 Franklin Park Lane is a located in the neighborhood of Mecklenburg in Huntersville, Huntersville.
What is the average sales price for listings in 12502 Franklin Park Lane?
The average sales price for units in 12502 Franklin Park Lane is $0 currently.

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