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2 Palmetto Drive

2 Palmetto Drive, Morgantown, WV 26508
Property in Cheat Lake
Sold Jun 24, 2015
$290,000
$275,793 by Sierra Pacific Mortgage Co Inc
Mortgage Due Jul 01, 2045
2 Palmetto Drive in Morgantown, WV was first built in 2008 and is 16 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a row home style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 2 Palmetto Drive has 3,052 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. The basement is 700 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 5,053 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The exterior walls of the home are made of masonry. 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 central heating system and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2 Palmetto Drive was last sold in May 19, 2015 for $290,000. According to our calculations, that's $95.02 per sqft. Current property owners are expected to pay $1,758 in taxes per year. The property on 2 Palmetto Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $164,400. To break that down further, the land itself was valued at $23,340. While improvements to the property were assessed at a total of $141,060. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Row home
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 700
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,053
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,052
  • Building Area: 3,052
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,052
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: IMPERIAL OAKS DEVELOPMENT
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 8 OR 0.1163 AC CALC IMPERIAL OAKS 2 ALMETTO DR

Ownership

  • Current Owner : SHARKEY STEPHEN
  • Current Owner 2: SHARKEY BONNIE
  • Previous Owner : PARSONS RICHARD R
  • Previous Owner 2: PARSONS CYNTHIA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Monongalia School District
  • Census Tract: 011806

Geography

  • District: 18
  • Parcel: 31-18- 19Z-0008.0000
  • Lot: 8
  • Municipality: UNION
  • Latitude: 39.6512
  • Longitude: -79.8622

    Address

  • Full Address: 2 Palmetto Dr
  • Address - House Number: 2
  • Address - Street Name: Palmetto
  • Address - Suffix Type: Dr
  • State: WV
  • City Name: Morgantown
  • Carrier Code: R007
  • 4-Digit Zip Code: 8003
  • Zip Code: 26508

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,758

    Appraisal Valuation

  • Standard Deviation: 0.2015
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 72
  • Final Value: 387,198
  • High Value: 465,233
  • Low Value: 309,163

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $309,293
  • First Open Lien Mortgage Lender: SIERRA PACIFIC MORTGAGE CO INC
  • First Open Lien Mortgage Recording Date: Jun 24, 2015
  • First Open Lien Mortgage Loan Amount: $275,793
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2045
  • Second Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • Second Open Lien Mortgage Recording Date: Oct 11, 2019
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $33,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2049

    Market Valuation

  • Market Total Value: $274,000
  • Market Land Value: $38,900
  • Market Improvement Value: $235,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,400
  • Assessed Land Value: $23,340
  • Assessed Improvements Value: $141,060

    Sales

  • Current Sale Contract Date: May 19, 2015
  • Current Sale Recording Date: Jun 24, 2015
  • Current Sale Transaction ID: 1448920563
  • Current Sale Price: $290,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 593159

    Last Sale Mortgage

  • First Mortgage Lender: SIERRA PACIFIC MORTGAGE CO INC
  • First Mortgage Transaction Date: Jun 24, 2015
  • First Mortgage Loan Amount: $275,793
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2045

About Cheat Lake



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Frequently Asked Questions

What neighborhood is 2 Palmetto Drive located in?
The 2 Palmetto Drive is a located in the neighborhood of Cheat Lake in Cheat Lake, Morgantown.
What is the average sales price for listings in 2 Palmetto Drive?
The average sales price for units in 2 Palmetto Drive is $0 currently.

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