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3941 Altamahaw Race Track Road

3941 Altamahaw Race Track Road, Elon, NC 27244
Property in Alamance
Sold Jan 11, 2021
$190,000
$191,919 by Ark-la-tex Financial Services
Mortgage Due Feb 01, 2051
Sold Jul 11, 2016
$135,000
$138,817 by Allen Tate Mortgage Services
Mortgage
3941 Altamahaw Race Track 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 2003 and is 21 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, 3941 Altamahaw Race Track Road has 1,230 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 47,916 square feet.

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 576 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 frame 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 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, 3941 Altamahaw Race Track Road was last sold in Jan 8, 2021 for $190,000. According to our calculations, that's $154.47 per sqft. Prior to that sales transaction, the property was sold for $135,000 in Jun 30, 2016. Current property owners are expected to pay $1,418 in taxes per year. The property on 3941 Altamahaw Race Track Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $266,629. To break that down further, the land itself was valued at $30,050. While improvements to the property were assessed at a total of $236,579. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 576
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 47,916
  • Total Building Area: 1,230
  • Building Area: 1,230
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,230
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: INDIAN ROCK ESTATES
  • Land Acres: 1.1
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: INDIAN ROCK ESTATES LT 3 4-4-136

Ownership

  • Current Owner : GILSTRAP MICHAEL LAYNE
  • Previous Owner : SMITH COREY THOMAS
  • Previous Owner 2: THOMPSON STEPHANIE RENEE
  • Owner Before Previous Owner: GRAHAM MARK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Alamance-Burlington Schools
  • School Tax School District: WESTERN
  • Census Tract: 021500

Geography

  • Assessors Map Reference: PM 8859
  • Account Number: 699168
  • Parcel: 119041
  • Lot: 3
  • Municipality: MORTON
  • Latitude: 36.2111
  • Longitude: -79.501

    Address

  • Full Address: 3941 Altamahaw Race Track Rd
  • Address - House Number: 3941
  • Address - Street Name: Altamahaw Race Track
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Elon
  • Carrier Code: R001
  • 4-Digit Zip Code: 9508
  • Zip Code: 27244

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,418
  • Tax Rate Code Area: 46

    Appraisal Valuation

  • Standard Deviation: 0.1859
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 75
  • Final Value: 260,208
  • High Value: 308,591
  • Low Value: 211,826

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $226,919
  • First Open Lien Mortgage Lender: ARK-LA-TEX FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Jan 11, 2021
  • First Open Lien Mortgage Loan Amount: $191,919
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: USDA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051
  • Second Open Lien Mortgage Lender: TRULIANT FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Aug 18, 2023
  • Second Open Lien Mortgage Loan Amount: $35,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Aug 13, 2053

    Market Valuation

  • Market Total Value: $266,629
  • Market Land Value: $30,050
  • Market Improvement Value: $236,579

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,629
  • Assessed Land Value: $30,050
  • Assessed Improvements Value: $236,579

    Sales

  • Current Sale Contract Date: Jan 08, 2021
  • Current Sale Recording Date: Jan 11, 2021
  • Current Sale Transaction ID: 11812721937
  • Current Sale Price: $190,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 646
  • Previous Sale Recording Date: Jul 11, 2016
  • Previous Sale Contract Date: Jun 30, 2016
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARK-LA-TEX FINANCIAL SERVICES
  • First Mortgage Transaction Date: Jan 11, 2021
  • First Mortgage Loan Amount: $191,919
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: USDA
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ALLEN TATE MORTGAGE SERVICES
  • Previous Mortgage Transaction Date: Jul 11, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $138,817
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Alamance



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Frequently Asked Questions

What neighborhood is 3941 Altamahaw Race Track Road located in?
The 3941 Altamahaw Race Track Road is a located in the neighborhood of Alamance in Alamance, Elon.
What is the average sales price for listings in 3941 Altamahaw Race Track Road?
The average sales price for units in 3941 Altamahaw Race Track Road is $0 currently.

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