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227 Rama Lane

227 Rama Lane, Lexington, SC 29072
House in Lexington
Sold Dec 12, 2018
$139,000
$9,963,000 by Colony American Finance Lender
Mortgage
227 Rama Lane in Lexington, SC was first built in 1977 and is 47 years old. Although, the building on the property was most recently renovated and altered in 1988. 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, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 227 Rama Lane has 1,956 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 15,154 square feet.

Learn more about the property and building on this page. The roof of the home is made of shingle (not wood). The exterior walls of the home are made of wood siding. 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. 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, 227 Rama Lane sold most recently in Dec 12, 2018 for a total of $139,000. If you work out the math, that's approximately a cost of $71.06 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 $4,203 in taxes each year. 227 Rama Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $8,121. If we break it down further, the land itself was valued at $1,687. Improvements to the property, however, were assessed at a total of $6,434. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1977
  • Effective Year Built: 1988
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,154
  • Total Building Area: 1,956
  • Building Area: 1,956
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,956
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.348
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: LAKELAND LOT 23 BLK A

Ownership

  • Current Owner : SFR3 LLC
  • Previous Owner : MIXSON HEATHER W
  • Previous Owner 2: MIXSON GARY L
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lexington School District 1
  • Census Tract: 021028

Zoning

  • Zoning: RD

Geography

  • Assessors Map Reference: MB 239 PG 427
  • Parcel: 004318-02-018
  • Block: A
  • Lot: 23
  • Municipality: TOWN LIMITS OF LEXINGTON
  • Latitude: 33.9901
  • Longitude: -81.2539

    Address

  • Full Address: 227 Rama Ln
  • Address - House Number: 227
  • Address - Street Name: Rama
  • Address - Suffix Type: Ln
  • State: SC
  • City Name: Lexington
  • Carrier Code: C009
  • 4-Digit Zip Code: 2014
  • Zip Code: 29072

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,203
  • Tax Rate Code Area: 1L

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 67
  • Final Value: 260,048
  • High Value: 320,655
  • Low Value: 199,442

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $9,963,000
  • First Open Lien Mortgage Lender: COLONY AMERICAN FINANCE LENDER
  • First Open Lien Mortgage Recording Date: May 01, 2019
  • First Open Lien Mortgage Loan Amount: $9,963,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $135,352
  • Market Land Value: $28,117
  • Market Improvement Value: $107,235

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,121
  • Assessed Land Value: $1,687
  • Assessed Improvements Value: $6,434

    Sales

  • Current Sale Contract Date: Dec 12, 2018
  • Current Sale Recording Date: Dec 12, 2018
  • Current Sale Transaction ID: 11543274562
  • Current Sale Price: $139,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2018054531

About Lexington



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$2,350 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,539 ft²
Listing by Nathalie Apteker

Frequently Asked Questions

What neighborhood is 227 Rama Lane located in?
The 227 Rama Lane is a house located in the neighborhood of Lexington in Lexington, Lexington.
What is the average sales price for listings in 227 Rama Lane?
The average sales price for units in 227 Rama Lane is $158,000 , or $75/sqft. currently.

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