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2727 Gilliam Road

2727 Gilliam Road, Elon, NC 27244
Property in Alamance
Sold Apr 30, 2021
$111,000
$88,800 by Union Home Mortgage Corp
Mortgage Due May 01, 2051
Sold Jan 24, 1992
$35,500
2727 Gilliam Road has been categorized by the local assessors in Elon, NC as a residential type of property. The building on the property was first built in 1940 and is 84 years old. The home has a total of 4 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2727 Gilliam Road has 960 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 22,477 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. Finally, the property is currently sourcing its water from a well system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. 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, 2727 Gilliam Road was last sold in Apr 26, 2021 for $111,000. According to our calculations, that's $115.63 per sqft. Prior to that sales transaction, the property was sold for $35,500 in Jan 24, 1992. Current property owners are expected to pay $662 in taxes per year. The property on 2727 Gilliam Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $153,287. To break that down further, the land itself was valued at $20,126. While improvements to the property were assessed at a total of $133,161. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1940
  • Effective Year Built: 1940
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Contemporary
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,477
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 960
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 0.516
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: GILLIAM RD LT 3 & PT OF 4 3-8-12

Ownership

  • Current Owner : CODY MATTHEW J
  • Current Owner 2: CODY MICHELINE
  • Previous Owner : WHITEHEAD CRAIG D

Neighborhood

  • School District Name: Alamance-Burlington Schools
  • School Tax School District: WESTERN
  • Census Tract: 020501

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: PM 8855
  • Account Number: 702131
  • Parcel: 116250
  • Lot: 3
  • Municipality: BURLINGTON
  • Latitude: 36.1064
  • Longitude: -79.4811

    Address

  • Full Address: 2727 Gilliam Rd
  • Address - House Number: 2727
  • Address - Street Name: Gilliam
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Elon
  • Carrier Code: R003
  • 4-Digit Zip Code: 9162
  • Zip Code: 27244

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $662
  • Tax Rate Code Area: 12

    Appraisal Valuation

  • Standard Deviation: 0.2546
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 63
  • Final Value: 168,156
  • High Value: 210,983
  • Low Value: 125,330

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $88,800
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Apr 30, 2021
  • First Open Lien Mortgage Loan Amount: $88,800
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $153,287
  • Market Land Value: $20,126
  • Market Improvement Value: $133,161

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153,287
  • Assessed Land Value: $20,126
  • Assessed Improvements Value: $133,161

    Sales

  • Current Sale Contract Date: Apr 26, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Transaction ID: 11833614019
  • Current Sale Price: $111,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10182
  • Previous Sale Recording Date: Jan 24, 1992
  • Previous Sale Contract Date: Jan 24, 1992
  • Previous Sale Amount: $35,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Apr 30, 2021
  • First Mortgage Loan Amount: $88,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2727 Gilliam Road located in?
The 2727 Gilliam Road is a located in the neighborhood of Alamance in Burlington, Elon.
What is the average sales price for listings in 2727 Gilliam Road?
The average sales price for units in 2727 Gilliam Road is $0 currently.

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