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1615 Ambergate Lane

1615 Ambergate Lane, Waxhaw, NC 28173
Property in Union
Sold Oct 20, 2021
$531,500
$424,880 by Fairway Independent Mortgage C
Mortgage Due Nov 01, 2051
Sold Oct 02, 2012
$270,000
$202,500 by Abba First Mortgage Inc
Mortgage Due Nov 01, 2042
Local assessors in Waxhaw, NC have categorized 1615 Ambergate Lane as a residential type of property. The home was built in 2001 and is 23 years old. The property's lot size has been calculated to be 17,860 square feet. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1615 Ambergate Lane has a total of 3,344 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. The garage on the property is 742 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a screened patio so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 composition shingle. 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 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, 1615 Ambergate Lane sold most recently in Sep 24, 2021 for a total of $531,500. If you work out the math, that's approximately a cost of $158.94 per sqft. Before that, the property was also sold for $270,000 in Oct 1, 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 $2,527 in taxes each year. 1615 Ambergate Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $395,800. If we break it down further, the land itself was valued at $66,400. Improvements to the property, however, were assessed at a total of $329,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B-
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 742
  • Parking Space Count: 3
  • Patio Type: Patio - screened

    Dimensions

  • Lot Size Square Feet: 17,860
  • Total Building Area: 3,344
  • Gross Building Area: 4,086
  • Building Area: 3,344
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,344
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STONEGATE
  • Land Acres: 0.41
  • Standard Land Use Code: Rural/agricultural residence
  • Legal Description 1: #101B STONEGATE MP9 OPCF8

Ownership

  • Current Owner : SCHERMERHORN ANGELA W
  • Current Owner 2: SCHERMERHORN BENJAMIN T
  • Previous Owner : TABBIT MICHAEL JOSEPH
  • Previous Owner 2: TABBIT JENNIFER SUSAN
  • Owner Before Previous Owner: GILE KENNETH L
  • Owner Before Previous Owner 2: GILE DIANNE C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Union County Public Schools
  • Census Tract: 021012

Zoning

  • Zoning: R-20 WESLE

Geography

  • District: 6
  • Parcel: 06-078-139
  • Lot: 101B
  • Municipality: SANDY RIDGE TWP
  • Latitude: 34.9688
  • Longitude: -80.7163

    Address

  • Full Address: 1615 Ambergate Dr
  • Address - House Number: 1615
  • Address - Street Name: Ambergate
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Waxhaw
  • Carrier Code: R014
  • 4-Digit Zip Code: 6751
  • Zip Code: 28173

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,527
  • Tax Rate Code Area: 976

    Appraisal Valuation

  • Standard Deviation: 0.1581
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 80
  • Final Value: 644,982
  • High Value: 746,969
  • Low Value: 542,995

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $424,880
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Oct 20, 2021
  • First Open Lien Mortgage Loan Amount: $424,880
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $395,800
  • Market Land Value: $66,400
  • Market Improvement Value: $329,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $395,800
  • Assessed Land Value: $66,400
  • Assessed Improvements Value: $329,400

    Sales

  • Current Sale Contract Date: Sep 24, 2021
  • Current Sale Recording Date: Oct 20, 2021
  • Current Sale Transaction ID: 11861832471
  • Current Sale Price: $531,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 50208
  • Previous Sale Recording Date: Oct 02, 2012
  • Previous Sale Contract Date: Oct 01, 2010
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Oct 20, 2021
  • First Mortgage Loan Amount: $424,880
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ABBA FIRST MORTGAGE INC
  • Previous Mortgage Transaction Date: Oct 02, 2012
  • Previous Mortgage Loan Amount: $202,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2042

About Wesley Chapel



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Frequently Asked Questions

What neighborhood is 1615 Ambergate Lane located in?
The 1615 Ambergate Lane is a located in the neighborhood of Union in Wesley Chapel, Waxhaw.
What is the average sales price for listings in 1615 Ambergate Lane?
The average sales price for units in 1615 Ambergate Lane is $0 currently.

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