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3992 Drake Court

3992 Drake Court, Denver, NC 28037
Property in Lincoln
Sold Dec 06, 2012
$172,500
$200,000 by Wyndham Capital Mortgage Inc
Mortgage Due Feb 01, 2052
Sold Sep 29, 2008
$180,000
$171,000 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2038
Local assessors in Denver, NC have categorized 3992 Drake Court as a residential type of property. The home was built in 1999 and is 25 years old. The property's lot size has been calculated to be 40,249 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3992 Drake Court has a total of 1,542 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 3992 Drake Court sold most recently in Apr 27, 2012 for a total of $172,500. If you work out the math, that's approximately a cost of $111.87 per sqft. Before that, the property was also sold for $180,000 in Sep 17, 2008. 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 $2,276 in taxes each year. 3992 Drake Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $357,544. If we break it down further, the land itself was valued at $52,000. Improvements to the property, however, were assessed at a total of $305,544. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1999
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Masonry
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 40,249
  • Total Building Area: 1,542
  • Building Area: 1,542
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,542
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOREST HILLS
  • Land Acres: 0.924
  • Standard Land Use Code: Single family residential
  • Legal Description 1: #127 FOREST HILLS SECT #5

Ownership

  • Current Owner : GILBERT II TERRY EDWARD
  • Current Owner 2: GILBERT MEGAN KEZIAH
  • Previous Owner : HOLLIS JACOB R
  • Previous Owner 2: HOLLIS JESSICA L
  • Owner Before Previous Owner: BLANCO ANTHONY H
  • Owner Before Previous Owner 2: BLANCO SHANA M
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: II

Neighborhood

  • School District Name: Lincoln County Schools
  • School Tax School District: DENVER
  • Census Tract: 071101

Zoning

  • Zoning: R-S

Geography

  • Assessors Map Reference: 3695-12
  • Account Number: 243610
  • District: 005
  • Parcel: 70661
  • Municipality: CATAWBA SPRINGS
  • Latitude: 35.5345
  • Longitude: -81.0225

    Address

  • Full Address: 3992 Drake Ct
  • Address - House Number: 3992
  • Address - Street Name: Drake
  • Address - Suffix Type: Ct
  • State: NC
  • City Name: Denver
  • Carrier Code: R016
  • 4-Digit Zip Code: 7216
  • Zip Code: 28037

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,276
  • Tax Rate Code Area: DENVER

    Appraisal Valuation

  • Standard Deviation: 0.2299
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 68
  • Final Value: 376,028
  • High Value: 462,483
  • Low Value: 289,573

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: WYNDHAM CAPITAL MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jan 27, 2022
  • First Open Lien Mortgage Loan Amount: $200,000
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $357,544
  • Market Land Value: $52,000
  • Market Improvement Value: $305,544

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $357,544
  • Assessed Land Value: $52,000
  • Assessed Improvements Value: $305,544

    Sales

  • Current Sale Contract Date: Apr 27, 2012
  • Current Sale Recording Date: Dec 06, 2012
  • Current Sale Transaction ID: 1069082389
  • Current Sale Price: $172,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 500763
  • Previous Sale Recording Date: Sep 29, 2008
  • Previous Sale Contract Date: Sep 17, 2008
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: Dec 06, 2012
  • First Mortgage Loan Amount: $172,500
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Sep 29, 2008
  • Previous Mortgage Loan Amount: $171,000
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 01, 2038

About Denver



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Unit for rent at 6499 Cedar Street, Denver, NC, 28037

$2,500 /mo

  • 4 Beds
  • 2 Baths
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6499 Cedar Street, Denver, NC, 28037 Listing by Chris Spencer

Frequently Asked Questions

What neighborhood is 3992 Drake Court located in?
The 3992 Drake Court is a located in the neighborhood of Lincoln in Denver, Denver.
What is the average sales price for listings in 3992 Drake Court?
The average sales price for units in 3992 Drake Court is $0 currently.

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