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1480 Min Lee Drive

1480 Min Lee Drive, Asheboro, NC 27205
Property in Randolph
Sold Jun 10, 2010
$164,000
$167,346 by American Security Mortgage Cor
Mortgage Due Jul 01, 2040
Sold Mar 31, 2010
$23,000
$150,000 by Branch Banking And Trust Co
Mortgage
Local assessors in Asheboro, NC have categorized 1480 Min Lee Drive as a residential type of property. The home was built in 2010 and is 14 years old. The property's lot size has been calculated to be 65,340 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. 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 1480 Min Lee Drive has a total of 1,780 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. The home sources its water from a water system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 - C+. The building has a roof that is made of asbestos. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 1480 Min Lee Drive sold most recently in Jun 10, 2010 for a total of $164,000. If you work out the math, that's approximately a cost of $92.13 per sqft. Before that, the property was also sold for $23,000 in Mar 29, 2010. 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 $1,644 in taxes each year. 1480 Min Lee Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $265,200. If we break it down further, the land itself was valued at $55,000. Improvements to the property, however, were assessed at a total of $210,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2010
  • Effective Year Built: 2010
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Good
  • Building Quality: C+
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asbestos
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 65,340
  • Total Building Area: 1,780
  • Building Area: 1,780
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,780
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MIN-LEE AC
  • Land Acres: 1.5
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MIN-LEE AC;L23 PLPB70-PG22

Ownership

  • Current Owner : SPENCER CHARLES EDWARD LEE
  • Previous Owner : PHIL BURGESS CONSTRUCTION INC
  • Owner Before Previous Owner: BRILES D HAROLD
  • Owner Before Previous Owner 2: BRILES EDITH B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Randolph County Schools
  • School Tax School District: FARMER
  • Census Tract: 030600

Zoning

  • Zoning: RECD

Geography

  • Assessors Map Reference: MB 70 MP 22
  • Parcel: 7720433601
  • Block: 43
  • Lot: 23
  • Municipality: CEDAR GROVE
  • Latitude: 35.6799
  • Longitude: -79.9279

    Address

  • Full Address: 1480 Min Lee Dr
  • Address - House Number: 1480
  • Address - Street Name: Min Lee
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Asheboro
  • Carrier Code: R015
  • 4-Digit Zip Code: 7902
  • Zip Code: 27205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,644

    Appraisal Valuation

  • Standard Deviation: 0.3781
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 24
  • Final Value: 284,377
  • High Value: 391,920
  • Low Value: 176,833

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $167,346
  • First Open Lien Mortgage Lender: AMERICAN SECURITY MORTGAGE COR
  • First Open Lien Mortgage Recording Date: Jun 10, 2010
  • First Open Lien Mortgage Loan Amount: $167,346
  • 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, 2040

    Market Valuation

  • Market Total Value: $265,200
  • Market Land Value: $55,000
  • Market Improvement Value: $210,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,200
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $210,200

    Sales

  • Current Sale Contract Date: Jun 10, 2010
  • Current Sale Recording Date: Jun 10, 2010
  • Current Sale Transaction ID: 1002693472
  • Current Sale Price: $164,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20100610000084450
  • Previous Sale Recording Date: Mar 31, 2010
  • Previous Sale Contract Date: Mar 29, 2010
  • Previous Sale Amount: $23,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN SECURITY MORTGAGE COR
  • First Mortgage Transaction Date: Jun 10, 2010
  • First Mortgage Loan Amount: $167,346
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2040

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Previous Mortgage Transaction Date: Mar 31, 2010
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About Randolph



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Frequently Asked Questions

What neighborhood is 1480 Min Lee Drive located in?
The 1480 Min Lee Drive is a located in the neighborhood of Randolph in Randolph, Asheboro.
What is the average sales price for listings in 1480 Min Lee Drive?
The average sales price for units in 1480 Min Lee Drive is $0 currently.

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