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2523 Mahala Drive

2523 Mahala Drive, Durham, NC 27704
Property in Durham
Sold Oct 05, 2016
$118,500
$118,500 by Citibank
Mortgage Due Nov 01, 2046
Sold Mar 16, 2001
$88,000
$88,000 by Centura Bank
Mortgage Due Apr 01, 2031
Local assessors in Durham, NC have categorized 2523 Mahala Drive as a residential type of property. The home was built in 1992 and is 32 years old. The property's lot size has been calculated to be 8,712 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 650 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. 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 2523 Mahala Drive has a total of 1,292 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. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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. The building has a roof that is made of asphalt. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 2523 Mahala Drive was last sold in Oct 5, 2016 for $118,500. According to our calculations, that's $91.72 per sqft. Prior to that sales transaction, the property was sold for $88,000 in Mar 16, 2001. Current property owners are expected to pay $1,890 in taxes per year. The property on 2523 Mahala Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $144,259. To break that down further, the land itself was valued at $17,940. While improvements to the property were assessed at a total of $126,319. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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!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: 1992
  • Effective Year Built: 1992
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Construction Type: Wood
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,292
  • Building Area: 1,292
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,292
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GEORGETOWNE SEC 3
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GEORGETOWNE/SEC:03/LT#16 PL000127-000114

Ownership

  • Current Owner : LOPEZ SEBAS LEON
  • Current Owner 2: HERNANDEZ CECILIA MATEO
  • Previous Owner : RICE MARY
  • Owner Before Previous Owner: KOLLOCK DEBORAH G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 001801

Zoning

  • Zoning: RU-5

Geography

  • Assessors Map Reference: BK 127 PG 114
  • Section: 3
  • Parcel: 160486
  • Lot: 16
  • Municipality: CITY OF DURHAM
  • Latitude: 36.0312
  • Longitude: -78.8695

    Address

  • Full Address: 2523 Mahala Dr
  • Address - House Number: 2523
  • Address - Street Name: Mahala
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Durham
  • Carrier Code: C008
  • 4-Digit Zip Code: 3458
  • Zip Code: 27704

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,890

    Appraisal Valuation

  • Standard Deviation: 0.194
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 74
  • Final Value: 284,963
  • High Value: 340,256
  • Low Value: 229,670

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $118,500
  • First Open Lien Mortgage Lender: CITIBANK
  • First Open Lien Mortgage Recording Date: Oct 05, 2016
  • First Open Lien Mortgage Loan Amount: $118,500
  • 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, 2046

    Market Valuation

  • Market Total Value: $144,259
  • Market Land Value: $17,940
  • Market Improvement Value: $126,319

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $144,259
  • Assessed Land Value: $17,940
  • Assessed Improvements Value: $126,319

    Sales

  • Current Sale Contract Date: Oct 05, 2016
  • Current Sale Recording Date: Oct 05, 2016
  • Current Sale Transaction ID: 1833193151
  • Current Sale Price: $118,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016034678
  • Previous Sale Recording Date: Mar 16, 2001
  • Previous Sale Contract Date: Mar 16, 2001
  • Previous Sale Amount: $88,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK
  • First Mortgage Transaction Date: Oct 05, 2016
  • First Mortgage Loan Amount: $118,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: CENTURA BANK
  • Previous Mortgage Transaction Date: Mar 16, 2001
  • Previous Mortgage Loan Amount: $88,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Apr 01, 2031

About Durham



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Frequently Asked Questions

What neighborhood is 2523 Mahala Drive located in?
The 2523 Mahala Drive is a located in the neighborhood of Durham in Durham, Durham.
What is the average sales price for listings in 2523 Mahala Drive?
The average sales price for units in 2523 Mahala Drive is $0 currently.

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