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409 Ribbon Road

409 Ribbon Road, Summerville, SC 29483
Property in Dorchester
Sold Dec 31, 2020
$431,655
$410,072 by Security Federal Bank
Mortgage Due Jan 01, 2051
Sold Mar 12, 2020
$1,530,000
409 Ribbon Road has been categorized by the local assessors in Summerville, SC as a residential type of property. The building on the property was first built in 2020 and is 4 years old. The home has a total of 4 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 409 Ribbon Road has 2,920 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 6,534 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. Moving on to the building itself. The condition of the building has been evaluated as good. 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 B+ by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of materials we are unsure of. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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 coal. 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, 409 Ribbon Road was last sold in Dec 16, 2020 for $431,655. According to our calculations, that's $147.83 per sqft. Prior to that sales transaction, the property was sold for $1,530,000 in Mar 10, 2020. Current property owners are expected to pay $3,055 in taxes per year. The property on 409 Ribbon Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $17,087. To break that down further, the land itself was valued at $3,600. While improvements to the property were assessed at a total of $13,487. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 2020
  • Effective Year Built: 2020
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: B+
  • Construction Type: Frame
  • Exterior Walls Type: Other
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,920
  • Building Area: 2,920
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,920
  • Heating Fuel Type: Coal

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PONDS THE
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 733 SUBD: THE PONDS PH 6

Ownership

  • Current Owner : SMITH CURTRAVIOUS B
  • Previous Owner : DAN RYAN BUILDERS SOUTH CAROLINA LLC
  • Owner Before Previous Owner: KH PONDS LLLP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dorchester School District 2
  • Census Tract: 010503

Zoning

  • Zoning: PD_DC

Geography

  • Assessors Map Reference: MB=M PG=162
  • Account Number: R0079967
  • Subdivision Phase Number: 6
  • Parcel: 151-03-10-093
  • Lot: 733
  • Municipality: KNIGHTSVILLE FIRE DISTRICT
  • Latitude: 32.9823
  • Longitude: -80.2662

    Address

  • Full Address: 409 Ribbon Rd
  • Address - House Number: 409
  • Address - Street Name: Ribbon
  • Address - Suffix Type: Rd
  • State: SC
  • City Name: Summerville
  • Carrier Code: C014
  • 4-Digit Zip Code: 8986
  • Zip Code: 29483

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,055
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 488,535
  • High Value: 564,313
  • Low Value: 412,757

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $410,072
  • First Open Lien Mortgage Lender: SECURITY FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Dec 31, 2020
  • First Open Lien Mortgage Loan Amount: $410,072
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $427,187
  • Market Land Value: $90,000
  • Market Improvement Value: $337,187

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,087
  • Assessed Land Value: $3,600
  • Assessed Improvements Value: $13,487

    Sales

  • Current Sale Contract Date: Dec 16, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Transaction ID: 11816939962
  • Current Sale Price: $431,655
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020036289
  • Previous Sale Recording Date: Mar 12, 2020
  • Previous Sale Contract Date: Mar 10, 2020
  • Previous Sale Amount: $1,530,000
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SECURITY FEDERAL BANK
  • First Mortgage Transaction Date: Dec 31, 2020
  • First Mortgage Loan Amount: $410,072
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

About Dorchester



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Frequently Asked Questions

What neighborhood is 409 Ribbon Road located in?
The 409 Ribbon Road is a located in the neighborhood of Dorchester in Dorchester, Summerville.
What is the average sales price for listings in 409 Ribbon Road?
The average sales price for units in 409 Ribbon Road is $0 currently.

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