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408 Oakgrove Drive

408 Oakgrove Drive, Graham, NC 27253
Property in Alamance
Sold Nov 23, 2020
$131,000
$133,000 by Local Government Fcu
Mortgage Due Dec 01, 2050
Sold Jun 21, 2010
$47,000
Local assessors in Graham, NC have categorized 408 Oakgrove Drive as a residential type of property. The home was built in 1956 and is 68 years old. The property's lot size has been calculated to be 31,320 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 5 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 is one full bathroom. 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 408 Oakgrove Drive has a total of 1,175 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. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 frame 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 - C. The building has a gable style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 408 Oakgrove Drive was last sold in Nov 18, 2020 for $131,000. According to our calculations, that's $111.49 per sqft. Prior to that sales transaction, the property was sold for $47,000 in Jun 9, 2010. Current property owners are expected to pay $557 in taxes per year. The property on 408 Oakgrove Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $85,640. To break that down further, the land itself was valued at $27,300. While improvements to the property were assessed at a total of $58,340. 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. 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!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 31,320
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,175
  • Building Area: 1,175
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,175
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GREENWAY PARK
  • Land Acres: 0.719
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: GREENWAY PARK SUBD BLK A LT 5 176-708-36

Ownership

  • Current Owner : SOLOMON PHILLIP
  • Current Owner 2: SOLOMON ANGELICA
  • Previous Owner : DAVIS JAMES L
  • Previous Owner 2: DAVIS LYNNE M
  • Owner Before Previous Owner: US BANK NATIONAL ASOC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Alamance-Burlington Schools
  • School Tax School District: GRAHAM
  • Census Tract: 021101

Zoning

  • Zoning: R12

Geography

  • Assessors Map Reference: PM 8884
  • Account Number: 698136
  • Parcel: 146852
  • Block: A
  • Lot: 5
  • Municipality: GRAHAM
  • Latitude: 36.0716
  • Longitude: -79.3893

    Address

  • Full Address: 408 Oakgrove Dr
  • Address - House Number: 408
  • Address - Street Name: Oakgrove
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Graham
  • Carrier Code: C005
  • 4-Digit Zip Code: 3131
  • Zip Code: 27253

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $557
  • Tax Rate Code Area: 11

    Appraisal Valuation

  • Standard Deviation: 0.2325
  • Valuation Date: Nov 30, 2022
  • Confidence Score: 67
  • Final Value: 186,709
  • High Value: 230,137
  • Low Value: 143,280

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $133,000
  • First Open Lien Mortgage Lender: LOCAL GOVERNMENT FCU
  • First Open Lien Mortgage Recording Date: Nov 23, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $133,000
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $85,640
  • Market Land Value: $27,300
  • Market Improvement Value: $58,340

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,640
  • Assessed Land Value: $27,300
  • Assessed Improvements Value: $58,340

    Sales

  • Current Sale Contract Date: Nov 18, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Transaction ID: 11804472724
  • Current Sale Price: $131,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 23137
  • Previous Sale Recording Date: Jun 21, 2010
  • Previous Sale Contract Date: Jun 09, 2010
  • Previous Sale Amount: $47,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOCAL GOVERNMENT FCU
  • First Mortgage Transaction Date: Nov 23, 2020
  • First Mortgage Loan Amount: $133,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Graham



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Frequently Asked Questions

What neighborhood is 408 Oakgrove Drive located in?
The 408 Oakgrove Drive is a located in the neighborhood of Alamance in Graham, Graham.
What is the average sales price for listings in 408 Oakgrove Drive?
The average sales price for units in 408 Oakgrove Drive is $0 currently.

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