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126 Oak Ridge Lane

126 Oak Ridge Lane, Mars Hill, NC 28754
Property in Madison
Sold Jun 22, 2020
$220,000
$120,000 by Goprime Mortgage Inc
Mortgage Due Jul 01, 2050
Sold Jul 20, 2007
$325,000
$325,000 by Usaa Fsb
Mortgage Due Aug 01, 2037
Local assessors in Mars Hill, NC have categorized 126 Oak Ridge Lane as a residential type of property. The home was built in 1978 and is 46 years old. It was most recently renovated and altered in 1995. The property's lot size has been calculated to be 43,560 square feet. 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 126 Oak Ridge Lane has a total of 1,680 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. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. 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 style roof that was made of metal. Lots of wood 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. The home's a forced air unit 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, 126 Oak Ridge Lane sold most recently in Jun 16, 2020 for a total of $220,000. If you work out the math, that's approximately a cost of $130.95 per sqft. Before that, the property was also sold for $325,000 in Jul 18, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,520 in taxes each year. 126 Oak Ridge Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $227,158. If we break it down further, the land itself was valued at $36,000. Improvements to the property, however, were assessed at a total of $191,158. 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: 1978
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,680
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WOLF LAUREL ESTATES
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WOLF LAUREL ESTATES LO:755 PH:5 SE:3 PL:2-95

Ownership

  • Current Owner : BOONE WILLIAM
  • Current Owner 2: BOONE PAMELA
  • Previous Owner : SHAW STEPHEN F
  • Previous Owner 2: SHAW FRANCES I
  • Owner Before Previous Owner: HORTON BRYON KEVIN
  • Owner Before Previous Owner 2: HORTON GINA C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison County Schools
  • School Tax School District: EBBS CHAPEL
  • Census Tract: 010700

Zoning

  • Zoning: R-2

Geography

  • Subdivision Phase Number: 5
  • Parcel: 9862-24-2843
  • Block: 24
  • Lot: 755
  • Municipality: BALD MOUNTAIN TWP
  • Latitude: 35.9658
  • Longitude: -82.5075

    Address

  • Full Address: 126 Oak Ridge Ln
  • Address - House Number: 126
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Mars Hill
  • Zip Code: 28754

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,520

    Appraisal Valuation

  • Standard Deviation: 0.2667
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 363,787
  • High Value: 460,816
  • Low Value: 266,759

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,000
  • First Open Lien Mortgage Lender: GOPRIME MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 22, 2020
  • First Open Lien Mortgage Loan Amount: $120,000
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $227,158
  • Market Land Value: $36,000
  • Market Improvement Value: $191,158

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $227,158
  • Assessed Land Value: $36,000
  • Assessed Improvements Value: $191,158

    Sales

  • Current Sale Contract Date: Jun 16, 2020
  • Current Sale Recording Date: Jun 22, 2020
  • Current Sale Transaction ID: 11769641901
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 336867
  • Previous Sale Recording Date: Jul 20, 2007
  • Previous Sale Contract Date: Jul 18, 2007
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GOPRIME MORTGAGE INC
  • First Mortgage Transaction Date: Jun 22, 2020
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: Jul 20, 2007
  • Previous Mortgage Loan Amount: $325,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2037

About Madison



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Frequently Asked Questions

What neighborhood is 126 Oak Ridge Lane located in?
The 126 Oak Ridge Lane is a located in the neighborhood of Madison in Madison, Mars Hill.
What is the average sales price for listings in 126 Oak Ridge Lane?
The average sales price for units in 126 Oak Ridge Lane is $0 currently.

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