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16925 Maddy Lane

16925 Maddy Lane, Davidson, NC 28036
Property in Mecklenburg
Sold Jul 02, 2019
$400,000
$750,000 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2050
16925 Maddy Lane in Davidson, 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 7 full bathrooms. There are 7 partial bathrooms. 16925 Maddy Lane has 7,850 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 88,035 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 A. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. 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. 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, 16925 Maddy Lane sold most recently in Jun 27, 2019 for a total of $400,000. If you work out the math, that's approximately a cost of $50.96 per sqft. 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 $15,339 in taxes each year. 16925 Maddy Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,455,800. If we break it down further, the land itself was valued at $429,000. Improvements to the property, however, were assessed at a total of $2,026,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 7
  • Full Bathrooms: 7
  • Partial Bathrooms: 7
  • Building Condition: Average
  • Building Quality: A
  • Exterior Walls Type: Stucco
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 88,035
  • Total Building Area: 7,850
  • Gross Building Area: 7,850
  • Building Area: 7,850
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 7,850
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION RIVER RUN
  • Land Acres: 2.021
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L9 M54-271/272

Ownership

  • Current Owner : ARMSTRONG DAVID THOMAS
  • Current Owner 2: ARMSTRONG JEANNE MARIE
  • Previous Owner : RIVER RUN LIMITED PARTNERSHIP
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: DAVIDSON
  • Census Tract: 006404

Zoning

  • Zoning: C

Geography

  • Assessors Map Reference: 007-48
  • District: 2
  • Parcel: 007-482-04
  • Block: 2
  • Lot: 9
  • Municipality: DAVIDSON
  • Latitude: 35.4617
  • Longitude: -80.7853

    Address

  • Full Address: 16925 Maddy Ln
  • Address - House Number: 16925
  • Address - Street Name: Maddy
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Davidson
  • Carrier Code: R009
  • 4-Digit Zip Code: 6318
  • Zip Code: 28036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,339
  • Tax Rate Code Area: 03

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 78
  • Final Value: 1,663,382
  • High Value: 1,943,418
  • Low Value: 1,383,346

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $750,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Nov 30, 2020
  • First Open Lien Mortgage Loan Amount: $750,000
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $2,455,800
  • Market Land Value: $429,000
  • Market Improvement Value: $2,026,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,455,800
  • Assessed Land Value: $429,000
  • Assessed Improvements Value: $2,026,800

    Sales

  • Current Sale Contract Date: Jun 27, 2019
  • Current Sale Recording Date: Jul 02, 2019
  • Current Sale Transaction ID: 11621488319
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019083259

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Jul 02, 2019
  • First Mortgage Loan Amount: $1,497,290
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 16925 Maddy Lane located in?
The 16925 Maddy Lane is a located in the neighborhood of Mecklenburg in Davidson, Davidson.
What is the average sales price for listings in 16925 Maddy Lane?
The average sales price for units in 16925 Maddy Lane is $0 currently.

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