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2563 Madison Mae Lane

2563 Madison Mae Lane, Grayson, GA 30017
Property in Gwinnett
Sold Jan 04, 2021
Transfer
$256,000 by First Option Mortgage
Mortgage Due Jan 01, 2051
Sold Sep 14, 2010
Transfer
$180,074 by Fairfield Mtg
Mortgage Due Aug 30, 2040
2563 Madison Mae Lane in Grayson, GA was first built in 2006 and is 18 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 conventional style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2563 Madison Mae Lane has 2,408 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 7,405 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 484 sqft. There are a total of 2 available parking spaces. 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 wood control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with 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. Tax-wise, the current owner is expected to pay close to $1,541 in taxes each year. 2563 Madison Mae Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $162,840. If we break it down further, the land itself was valued at $39,600. Improvements to the property, however, were assessed at a total of $123,240. 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. 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: 2006
  • Effective Year Built: 2006
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,408
  • Building Area: 2,408
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,408
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MADISON PARK
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L42 BA MADISON PARK

Ownership

  • Current Owner : JIVA REENA D PATEL
  • Previous Owner : PATEL REENA
  • Owner Before Previous Owner: FEDERAL DEPOSIT INS CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gwinnett County School District
  • Census Tract: 050748

Zoning

  • Zoning: PUD-PLANNE

Geography

  • District: 5
  • Parcel: 5-134 -121
  • Block: A
  • Lot: 42
  • Municipality: GRAYSON
  • Latitude: 33.8828
  • Longitude: -83.9475

    Address

  • Full Address: 2563 Madison Mae Ln
  • Address - House Number: 2563
  • Address - Street Name: Madison Mae
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Grayson
  • Carrier Code: R011
  • 4-Digit Zip Code: 7821
  • Zip Code: 30017

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,541

    Appraisal Valuation

  • Standard Deviation: 0.1324
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 446,391
  • High Value: 505,535
  • Low Value: 387,248

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $256,000
  • First Open Lien Mortgage Lender: FIRST OPTION MORTGAGE
  • First Open Lien Mortgage Recording Date: Jan 04, 2021
  • First Open Lien Mortgage Loan Amount: $256,000
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $407,100
  • Market Land Value: $99,000
  • Market Improvement Value: $308,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,840
  • Assessed Land Value: $39,600
  • Assessed Improvements Value: $123,240

    Exemptions

  • Senior Citizen Exemption : Yes
  • School/College Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 04, 2021
  • Current Sale Recording Date: Jan 04, 2021
  • Current Sale Transaction ID: 11814724244
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-000587
  • Previous Sale Recording Date: Sep 14, 2010
  • Previous Sale Contract Date: Aug 30, 2010
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST OPTION MORTGAGE
  • First Mortgage Transaction Date: Jan 04, 2021
  • First Mortgage Loan Amount: $256,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FAIRFIELD MTG
  • Previous Mortgage Transaction Date: Sep 14, 2010
  • Previous Mortgage Loan Amount: $180,074
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 30, 2040

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Frequently Asked Questions

What neighborhood is 2563 Madison Mae Lane located in?
The 2563 Madison Mae Lane is a located in the neighborhood of Gwinnett in Grayson, Grayson.
What is the average sales price for listings in 2563 Madison Mae Lane?
The average sales price for units in 2563 Madison Mae Lane is $0 currently.

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