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284 Lotz Drive

284 Lotz Drive, Summerville, SC 29483
Property in Dorchester
Sold Mar 16, 2021
$468,909
$267,618 by Cornerstone Home Lending Inc
Mortgage Due Apr 01, 2051
Sold Mar 05, 2021
$1,895,292
284 Lotz Drive in Summerville, SC was first built in 2021 and is 3 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 284 Lotz Drive has 3,005 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 6,098 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. The quality of the control joints have been graded by the local assessor with a letter grade of B+. The condition of the building has been evaluated as good. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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 heat pump. 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, 284 Lotz Drive sold most recently in Mar 12, 2021 for a total of $468,909. If you work out the math, that's approximately a cost of $156.04 per sqft. Before that, the property was also sold for $1,895,292 in Mar 4, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,311 in taxes each year. 284 Lotz Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $18,587. If we break it down further, the land itself was valued at $4,200. Improvements to the property, however, were assessed at a total of $14,387. 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. 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.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: 2021
  • Effective Year Built: 2021
  • Total Rooms: 5
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: B+
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 3,005
  • Building Area: 3,005
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 3,005
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PONDS THE
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 562 SUBD: THE PONDS PH 5

Ownership

  • Current Owner : DIALS CYNTHIA THAMES
  • Current Owner 2: DIALS ADDIE R
  • Previous Owner : CRESCENT HOMES SC LLC
  • Owner Before Previous Owner: PONDS ACS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Dorchester School District 2
  • Census Tract: 010503

Zoning

  • Zoning: PD_DC

Geography

  • Assessors Map Reference: MB=M PG=137
  • Account Number: R0079175
  • Subdivision Phase Number: 5
  • Parcel: 151-03-06-087
  • Lot: 562
  • Municipality: DORCHESTER 2
  • Latitude: 32.9796
  • Longitude: -80.2663

    Address

  • Full Address: 284 Lotz Dr
  • Address - House Number: 284
  • Address - Street Name: Lotz
  • Address - Suffix Type: Dr
  • State: SC
  • City Name: Summerville
  • Carrier Code: C014
  • 4-Digit Zip Code: 8033
  • Zip Code: 29483

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,311
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1624
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 574,642
  • High Value: 668,010
  • Low Value: 481,274

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $267,618
  • First Open Lien Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Open Lien Mortgage Recording Date: Mar 16, 2021
  • First Open Lien Mortgage Loan Amount: $267,618
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $464,668
  • Market Land Value: $105,000
  • Market Improvement Value: $359,668

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,587
  • Assessed Land Value: $4,200
  • Assessed Improvements Value: $14,387

    Sales

  • Current Sale Contract Date: Mar 12, 2021
  • Current Sale Recording Date: Mar 16, 2021
  • Current Sale Transaction ID: 11826818605
  • Current Sale Price: $468,909
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021008223
  • Previous Sale Recording Date: Mar 05, 2021
  • Previous Sale Contract Date: Mar 04, 2021
  • Previous Sale Amount: $1,895,292
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Mortgage Transaction Date: Mar 16, 2021
  • First Mortgage Loan Amount: $267,618
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 284 Lotz Drive located in?
The 284 Lotz Drive is a located in the neighborhood of Dorchester in Dorchester, Summerville.
What is the average sales price for listings in 284 Lotz Drive?
The average sales price for units in 284 Lotz Drive is $0 currently.

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