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138 Scarlet Lane

138 Scarlet Lane, Lexington, NC 27292
Property in Davidson
Sold Apr 22, 2020
$85,000
$85,858 by Fairway Independent Mortgage C
Mortgage Due May 01, 2050
Sold Jan 29, 2018
$28,500
138 Scarlet Lane has been categorized by the local assessors in Lexington, NC as a residential type of property. The building on the property was first built in 1985 and is 39 years old. However, we must point out that the home was most recently renovated and altered in 1995. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 138 Scarlet Lane has 768 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,400 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 14,000 square feet.

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 carport for those who require parking. According to our sources, there is one available parking space. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of metal. The exterior walls of the building are made of wood. While the interior walls have been made of decorative/custom materials. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery 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, 138 Scarlet Lane sold most recently in Apr 21, 2020 for a total of $85,000. If you work out the math, that's approximately a cost of $74.30 per sqft. Before that, the property was also sold for $28,500 in Jan 16, 2018. 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 $573 in taxes each year. 138 Scarlet Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $85,500. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1995
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Exterior Walls Type: Wood
  • Interior Walls Type: Decorative/custom materials
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 14,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,144
  • Gross Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 768
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHERWOOD ON THE LAKE
  • Land Acres: 0.321
  • Standard Land Use Code: Single family residential
  • Legal Description 1: P=11-84&85 B8 L11&12 BK2404-1601

Ownership

  • Current Owner : TURNER BRENDEN LEE
  • Current Owner 2: MCMAHAN NASYA NAN
  • Previous Owner : MCMAHAN KARNEL DELOY
  • Previous Owner 2: MCMAHAN REBECCA
  • Owner Before Previous Owner: PNC BANK NATIONAL ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Davidson County Schools
  • School Tax School District: C
  • School Tax District Code 2: FR12
  • Census Tract: 061806

Zoning

  • Zoning: RS

Geography

  • Assessors Map Reference: MAP 029
  • Account Number: 9246378
  • District: 15
  • Parcel: 15-029-E-009-0011
  • Municipality: SILVER HILL
  • Latitude: 35.6799
  • Longitude: -80.237

    Address

  • Full Address: 138 Scarlet Ln
  • Address - House Number: 138
  • Address - Street Name: Scarlet
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Lexington
  • Carrier Code: R034
  • 4-Digit Zip Code: 0021
  • Zip Code: 27292

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $573

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 72
  • Final Value: 112,111
  • High Value: 127,373
  • Low Value: 96,848

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $85,858
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Apr 22, 2020
  • First Open Lien Mortgage Loan Amount: $85,858
  • 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: $85,500
  • Market Land Value: $12,500
  • Market Improvement Value: $73,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,500

    Sales

  • Current Sale Contract Date: Apr 21, 2020
  • Current Sale Recording Date: Apr 22, 2020
  • Current Sale Transaction ID: 11756490510
  • Current Sale Price: $85,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020000008467
  • Previous Sale Recording Date: Jan 29, 2018
  • Previous Sale Contract Date: Jan 16, 2018
  • Previous Sale Amount: $28,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Apr 22, 2020
  • First Mortgage Loan Amount: $85,858
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

About Davidson



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Frequently Asked Questions

What neighborhood is 138 Scarlet Lane located in?
The 138 Scarlet Lane is a located in the neighborhood of Davidson in Davidson, Lexington.
What is the average sales price for listings in 138 Scarlet Lane?
The average sales price for units in 138 Scarlet Lane is $0 currently.

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