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401 Forest Lane

401 Forest Lane, Hamlet, NC 28345
Property in Richmond
Sold Sep 15, 2016
$125,000
$120,862 by Quicken Loans Inc
Mortgage Due Oct 01, 2046
Sold May 19, 2016
$33,000
Local assessors in Hamlet, NC have categorized 401 Forest Lane as a residential type of property. The home was built in 1979 and is 45 years old. The property's lot size has been calculated to be 40,000 square feet. The linear feet between the front and back of the lot was measured at 2,000 ft and the front of the lot was measured at 2,000 ft. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 401 Forest Lane has a total of 650 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. The home sources its water from a municipal system. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a gable style roof that was made of asphalt. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source and it is being fueled with electricity. 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, 401 Forest Lane sold most recently in Sep 12, 2016 for a total of $125,000. If you work out the math, that's approximately a cost of $192.31 per sqft. Before that, the property was also sold for $33,000 in May 6, 2016. 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 $1,105 in taxes each year. 401 Forest Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $99,651. If we break it down further, the land itself was valued at $9,900. Improvements to the property, however, were assessed at a total of $89,751. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1979
  • Effective Year Built: 1979
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Tile
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 40,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 650
  • Building Area: 650
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 650
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PINE HILLS DEVELOPMENT
  • Land Acres: 0.918
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOTS PINE HILL PERS

Ownership

  • Current Owner : COPELAND JOSEPH
  • Previous Owner : SMITH JERRY LEE
  • Owner Before Previous Owner: U S BANK NA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Richmond County Schools
  • School Tax School District: HAMLET
  • Census Tract: 971100

Geography

  • Account Number: 22799301
  • District: 107
  • Parcel: 749001070972
  • Lot: S
  • Municipality: MARKS CREEK
  • Latitude: 34.8687
  • Longitude: -79.6999

    Address

  • Full Address: 401 Forest Ln
  • Address - House Number: 401
  • Address - Street Name: Forest
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Hamlet
  • Carrier Code: R013
  • 4-Digit Zip Code: 3911
  • Zip Code: 28345

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,105

    Appraisal Valuation

  • Standard Deviation: 0.2618
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 62
  • Final Value: 188,771
  • High Value: 238,202
  • Low Value: 139,340

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $150,862
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Sep 15, 2016
  • First Open Lien Mortgage Loan Amount: $120,862
  • 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: Oct 01, 2046
  • Second Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • Second Open Lien Mortgage Recording Date: Oct 09, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $30,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $99,651
  • Market Land Value: $9,900
  • Market Improvement Value: $89,751

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,651
  • Assessed Land Value: $9,900
  • Assessed Improvements Value: $89,751

    Sales

  • Current Sale Contract Date: Sep 12, 2016
  • Current Sale Recording Date: Sep 15, 2016
  • Current Sale Transaction ID: 1765087323
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 240674
  • Previous Sale Recording Date: May 19, 2016
  • Previous Sale Contract Date: May 06, 2016
  • Previous Sale Amount: $33,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Sep 15, 2016
  • First Mortgage Loan Amount: $120,862
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2046

About Richmond



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Frequently Asked Questions

What neighborhood is 401 Forest Lane located in?
The 401 Forest Lane is a located in the neighborhood of Richmond in Richmond, Hamlet.
What is the average sales price for listings in 401 Forest Lane?
The average sales price for units in 401 Forest Lane is $0 currently.

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