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415 Arbor Drive

415 Arbor Drive, Lexington, NC 27292
Property in Davidson
Sold Jun 30, 2023
$269,000
$268,580 by Mortgage Research Center, Llc
Mortgage Due Jul 01, 2053
Sold Aug 13, 2021
$240,000
$228,000 by Allen Tate Mortgage Partners L
Mortgage Due Sep 01, 2051
415 Arbor Drive has been categorized by the local assessors in Lexington, NC as a residential type of property. The building on the property was first built in 1958 and is 66 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 4 bedrooms. Residents will have access to 3 full bathrooms. There are 3 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, 415 Arbor Drive has 2,142 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,950 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 19,500 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. 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 or hip style roof made of composition shingle. The exterior walls of the building are made of brick veneer. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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, 415 Arbor Drive sold most recently in Jun 30, 2023 for a total of $269,000. If you work out the math, that's approximately a cost of $106.58 per sqft. Before that, the property was also sold for $240,000 in Aug 11, 2021. 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 $1,423 in taxes each year. 415 Arbor Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $222,340. 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 2010
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,500
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,524
  • Gross Building Area: 2,524
  • Building Area: 2,524
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,142
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARBOR ACRES
  • Land Acres: 0.448
  • Standard Land Use Code: Single family residential
  • Legal Description 1: P=9-65 BC L32-35 BK2495-1073 ARBOR AC

Ownership

  • Current Owner : MERROW BENJAMIN A
  • Current Owner 2: COLLINS LAURIE
  • Previous Owner : SWING FRANCES CLIFTON
  • Owner Before Previous Owner: PEREIRA EDWIN
  • Owner Before Previous Owner 2: PEREIRA SANTANA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Davidson County Schools
  • School Tax School District: C
  • School Tax District Code 2: FR03
  • Census Tract: 061502

Zoning

  • Zoning: RS

Geography

  • Assessors Map Reference: MAP 018
  • Account Number: 9255525
  • District: 5
  • Parcel: 05-018-F-00C-0032
  • Municipality: CONRAD HILL
  • Latitude: 35.7969
  • Longitude: -80.223

    Address

  • Full Address: 415 Arbor Dr
  • Address - House Number: 415
  • Address - Street Name: Arbor
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Lexington
  • Carrier Code: C011
  • 4-Digit Zip Code: 5520
  • Zip Code: 27292

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,423

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 72
  • Final Value: 241,831
  • High Value: 274,752
  • Low Value: 208,909

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $268,580
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER, LLC
  • First Open Lien Mortgage Recording Date: Jun 30, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $268,580
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $222,340
  • Market Land Value: $24,000
  • Market Improvement Value: $198,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $222,340

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Transaction ID: 11909260258
  • Current Sale Price: $269,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11339
  • Previous Sale Recording Date: Aug 13, 2021
  • Previous Sale Contract Date: Aug 11, 2021
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE RESEARCH CENTER, LLC
  • First Mortgage Transaction Date: Jun 30, 2023
  • First Mortgage Loan Amount: $268,580
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jul 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: ALLEN TATE MORTGAGE PARTNERS L
  • Previous Mortgage Transaction Date: Aug 13, 2021
  • Previous Mortgage Loan Amount: $228,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2051

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 415 Arbor Drive located in?
The 415 Arbor Drive is a located in the neighborhood of Davidson in Davidson, Lexington.
What is the average sales price for listings in 415 Arbor Drive?
The average sales price for units in 415 Arbor Drive is $0 currently.

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