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405 Collinwood Drive

405 Collinwood Drive, Burlington, NC 27215
Property in Alamance
Sold May 10, 2017
$108,000
$102,000 by Crosscountry Mortgage Inc
Mortgage
405 Collinwood Drive has been categorized by the local assessors in Burlington, NC as a residential type of property. The building on the property was first built in 1950 and is 74 years old. The home has a total of 5 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, 405 Collinwood Drive has 1,416 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 31,015 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. 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 nothing. 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 May 10, 2017 for $108,000. That's $76.27 per sqft. 405 Collinwood Drive was last assessed in 2022. The total value of the property was assessed at $122,092. Specifically, the land the property is located on was valued at $45,088. While improvements on the property were assessed at a total of $77,004. 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 $726. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 31,015
  • Lot Size Frontage Feet: 1,620
  • Total Building Area: 1,416
  • Building Area: 1,416
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,416
  • Heating Fuel Type: None

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: W E COLLINS SD
  • Land Acres: 0.712
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: W E COLLINS SUBD LOT 29 3-18A-29

Ownership

  • Current Owner : BASSI SURINDER
  • Previous Owner : HORNE KEITH D
  • Previous Owner 2: HORNE SHARI A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Alamance-Burlington Schools
  • School Tax School District: WILLIAMS
  • Census Tract: 021703

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: PM 8854
  • Account Number: 666996
  • Parcel: 112536
  • Municipality: BURLINGTON
  • Latitude: 36.077
  • Longitude: -79.5065

    Address

  • Full Address: 405 Collinwood Dr
  • Address - House Number: 405
  • Address - Street Name: Collinwood
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Burlington
  • Carrier Code: R011
  • 4-Digit Zip Code: 9779
  • Zip Code: 27215

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $726
  • Tax Rate Code Area: 12

    Appraisal Valuation

  • Standard Deviation: 0.2479
  • Valuation Date: Aug 17, 2022
  • Confidence Score: 65
  • Final Value: 225,111
  • High Value: 280,931
  • Low Value: 169,291

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $102,000
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Open Lien Mortgage Recording Date: May 10, 2017
  • First Open Lien Mortgage Loan Amount: $102,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $122,092
  • Market Land Value: $45,088
  • Market Improvement Value: $77,004

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $122,092
  • Assessed Land Value: $45,088
  • Assessed Improvements Value: $77,004

    Sales

  • Current Sale Contract Date: May 10, 2017
  • Current Sale Recording Date: May 10, 2017
  • Current Sale Transaction ID: 1812082752
  • Current Sale Price: $108,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 30581

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Mortgage Transaction Date: May 10, 2017
  • First Mortgage Loan Amount: $102,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Burlington



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Nearby Rentals

Unit for rent at 2153 Canterbury Drive, Burlington, NC, 27215

$2,100 /mo

  • 4 Beds
  • 3 Baths
  • 1,823 ft²
2153 Canterbury Drive, Burlington, NC, 27215 Listing by John Neese

Frequently Asked Questions

What neighborhood is 405 Collinwood Drive located in?
The 405 Collinwood Drive is a located in the neighborhood of Alamance in Burlington, Burlington.
What is the average sales price for listings in 405 Collinwood Drive?
The average sales price for units in 405 Collinwood Drive is $0 currently.

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