316 Gatewood Lane

316 Gatewood Lane has been categorized by the local assessors in Matthews, NC as a residential type of property. The building on the property was first built in 1983 and is 41 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. 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, 316 Gatewood Lane has 1,292 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,194 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 40,075 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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. Moving on to the building itself. The condition of the building has been evaluated as average. 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 wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of wood siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. 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. The property was last sold in Dec 29, 2009 for $128,000. That's $99.07 per sqft. Prior to that sales transaction, the property was also sold in Jun 30, 1997 for $112,500. 316 Gatewood Lane was last assessed in 2023. The total value of the property was assessed at $253,300. Specifically, the land the property is located on was valued at $48,500. While improvements on the property were assessed at a total of $204,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,603. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.