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355 Cedar Lane Farm

355 Cedar Lane Farm, New Hill, NC 27562
House in Chatham
Sold Oct 30, 2020
$650,000
$510,400 by Academy Mortgage Corp
Mortgage Due Nov 01, 2035
Sold Dec 31, 1996
Transfer
355 Cedar Lane Farm has been categorized by the local assessors in New Hill, NC as a residential type of property. The building on the property was first built in 1991 and is 33 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 355 Cedar Lane Farm has 3,373 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 building with no basement that is 1,296 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 487,436 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 500 sqft. 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 exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery 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. According to our sources, 355 Cedar Lane Farm sold most recently in Oct 26, 2020 for a total of $650,000. If you work out the math, that's approximately a cost of $192.71 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,214 in taxes each year. 355 Cedar Lane Farm was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $617,271. If we break it down further, the land itself was valued at $129,494. Improvements to the property, however, were assessed at a total of $487,777. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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.

Building Features

Parking

Carport
Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Quality: C-
  • Construction Type: Wood
  • Building Style: Contemporary
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 1,296
  • Garage Type: Attached
  • Garage Square Area: 500
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 487,436
  • Total Building Area: 3,373
  • Building Area: 3,373
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 3,373
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CEDAR LANE FARM
  • Land Acres: 11.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: Q6-24-4 AC 11.18999958 BK 90 PG 263

Ownership

  • Current Owner : CULVERHOUSE STEADMAN ADAM
  • Current Owner 2: CULVERHOUSE STEADMAN NICOLETTE
  • Previous Owner : HENDERSON ROLAND ANDREW
  • Previous Owner 2: HENDERSON NANCY M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chatham County Schools
  • School Tax School District: MONCURE FD
  • Census Tract: 020702

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MB 90 MP 263
  • Account Number: 1372354
  • District: 11
  • Parcel: 0066052
  • Block: 96
  • Municipality: NEW HOPE
  • Latitude: 35.6901
  • Longitude: -78.9677

    Address

  • Full Address: 355 Cedar Lane Farm Ln
  • Address - House Number: 355
  • Address - Street Name: Cedar Lane Farm
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: New Hill
  • Carrier Code: R002
  • 4-Digit Zip Code: 8826
  • Zip Code: 27562

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,214
  • Tax Rate Code Area: 105

    Appraisal Valuation

  • Standard Deviation: 0.1987
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 73
  • Final Value: 971,932
  • High Value: 1,165,095
  • Low Value: 778,770

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,400
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 30, 2020
  • First Open Lien Mortgage Loan Amount: $510,400
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2035

    Market Valuation

  • Market Total Value: $617,271
  • Market Land Value: $129,494
  • Market Improvement Value: $487,777

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $617,271
  • Assessed Land Value: $129,494
  • Assessed Improvements Value: $487,777

    Sales

  • Current Sale Contract Date: Oct 26, 2020
  • Current Sale Recording Date: Oct 30, 2020
  • Current Sale Transaction ID: 11798332007
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13846
  • Previous Sale Recording Date: Dec 31, 1996
  • Previous Sale Contract Date: Dec 31, 1996
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 30, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2035

About Chatham



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Frequently Asked Questions

What neighborhood is 355 Cedar Lane Farm located in?
The 355 Cedar Lane Farm is a house located in the neighborhood of Chatham in Chatham, New Hill.
What is the average sales price for listings in 355 Cedar Lane Farm?
The average sales price for units in 355 Cedar Lane Farm is $0 currently.

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