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428 Flat Rock Lane

428 Flat Rock Lane, Summerville, SC 29486
Property in Berkeley
Sold May 02, 2017
$317,492
$476,238 by Townebank Mortgage
Mortgage Due May 02, 2047
Sold Sep 14, 2016
$45,000
$171,780 by Georgia Real Estate Lending Ll
Mortgage Due Oct 01, 2017
428 Flat Rock Lane 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 2017 and is 7 years old. The building has a total of 2 stories. In addition, 428 Flat Rock Lane has 3,094 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 6,930 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 608 sqft. Residents will have the luxury of enjoying a porch. 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 building has a gable style roof made of asphalt. 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, 428 Flat Rock Lane sold most recently in Apr 26, 2017 for a total of $317,492. If you work out the math, that's approximately a cost of $102.62 per sqft. Before that, the property was also sold for $45,000 in Sep 1, 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 $1,465 in taxes each year. 428 Flat Rock Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $323,300. If we break it down further, the land itself was valued at $60,000. Improvements to the property, however, were assessed at a total of $263,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 0
  • Building Quality: B
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 608
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 6,930
  • Total Building Area: 3,094
  • Gross Building Area: 3,816
  • Building Area: 3,094
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,094
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CANE BAY (SANCTUARY COVE)
  • Land Acres: 0.159
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 179SANCTUARY COVE PH 2

Ownership

  • Current Owner : FRANKEL ARNOLD T
  • Current Owner 2: FRANKEL SHARON M
  • Previous Owner : LANDMARK 24 HOMES OF SAVANNAH LLC
  • Owner Before Previous Owner: SOUTH GODLEY ENTERPRISES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Berkeley County School District
  • School Tax School District: T08
  • School Tax District Code 2: F16
  • Census Tract: 020711

Zoning

  • Zoning: BERKELEY C

Geography

  • Assessors Map Reference: CAB M - 304H
  • District: 6
  • Parcel: 195-01-02-013
  • Lot: 179
  • Municipality: CARNES CROSS ROADS
  • Latitude: 33.119
  • Longitude: -80.1198

    Address

  • Full Address: 428 Flat Rock Ln
  • Address - House Number: 428
  • Address - Street Name: Flat Rock
  • Address - Suffix Type: Ln
  • State: SC
  • City Name: Summerville
  • Carrier Code: H078
  • 4-Digit Zip Code: 2390
  • Zip Code: 29486

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,465
  • Tax Rate Code Area: T08

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 79
  • Final Value: 492,608
  • High Value: 574,388
  • Low Value: 410,827

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $476,238
  • First Open Lien Mortgage Lender: TOWNEBANK MORTGAGE
  • First Open Lien Mortgage Recording Date: May 02, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $476,238
  • First Open Lien Mortgage Term: 999
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)
  • First Open Lien Mortgage Loan Due Date: May 02, 2047

    Market Valuation

  • Market Total Value: $323,300
  • Market Land Value: $60,000
  • Market Improvement Value: $263,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $323,300
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $263,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 26, 2017
  • Current Sale Recording Date: May 02, 2017
  • Current Sale Transaction ID: 1812140160
  • Current Sale Price: $317,492
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017015260
  • Previous Sale Recording Date: Sep 14, 2016
  • Previous Sale Contract Date: Sep 01, 2016
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK MORTGAGE
  • First Mortgage Transaction Date: May 02, 2017
  • First Mortgage Loan Amount: $476,238
  • First Mortgage Terms: 999
  • First Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: GEORGIA REAL ESTATE LENDING LL
  • Previous Mortgage Transaction Date: Sep 14, 2016
  • Previous Mortgage Loan Amount: $171,780
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Oct 01, 2017

About Berkeley



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Frequently Asked Questions

What neighborhood is 428 Flat Rock Lane located in?
The 428 Flat Rock Lane is a located in the neighborhood of Berkeley in Berkeley, Summerville.
What is the average sales price for listings in 428 Flat Rock Lane?
The average sales price for units in 428 Flat Rock Lane is $0 currently.

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