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46 Lakes Edge Lane

46 Lakes Edge Lane, Pittsboro, NC 27312
Property in Chatham
Sold Jun 29, 2022
$1,338,500
$1,204,593 by Navy Federal Credit Union
Mortgage Due Jul 01, 2052
Sold Sep 09, 2021
$150,000
$890,766 by Fidelity Bank
Mortgage
Local assessors in Pittsboro, NC have categorized 46 Lakes Edge Lane as a residential type of property. The home was built in 2021 and is 3 years old. The property's lot size has been calculated to be 120,835 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 46 Lakes Edge Lane has a total of 4,377 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. 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 wood 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 - A. 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, 46 Lakes Edge Lane sold most recently in Jun 28, 2022 for a total of $1,338,500. If you work out the math, that's approximately a cost of $305.80 per sqft. Before that, the property was also sold for $150,000 in Sep 8, 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 $7,721 in taxes each year. 46 Lakes Edge Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $932,805. If we break it down further, the land itself was valued at $181,672. Improvements to the property, however, were assessed at a total of $751,133. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 120,835
  • Total Building Area: 4,377
  • Building Area: 4,377
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,377
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SEAFORTH LANDING
  • Land Acres: 2.774
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 45 AC 2.77399993 BK 2022 PG 111

Ownership

  • Current Owner : RATHBUN MATTHEW SCOTT
  • Current Owner 2: RATHBUN SHANNON L
  • Previous Owner : COTTON CUSTOM HOMES INC
  • Owner Before Previous Owner: SEAFORTH ROAD LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Chatham County Schools
  • School Tax School District: NORTH CHATHAM F
  • Census Tract: 020803

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MB 2022 MP 111
  • Account Number: 1379226
  • District: 11
  • Parcel: 0092066
  • Block: 84
  • Lot: 45
  • Municipality: NEW HOPE
  • Latitude: 35.7123
  • Longitude: -79.0714

    Address

  • Full Address: 46 Lakes Edge Ln
  • Address - House Number: 46
  • Address - Street Name: Lakes Edge
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Pittsboro
  • Carrier Code: R006
  • 4-Digit Zip Code: 0735
  • Zip Code: 27312

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,721
  • Tax Rate Code Area: 107

    Appraisal Valuation

  • Standard Deviation: 0.2186
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 70
  • Final Value: 1,652,572
  • High Value: 2,013,927
  • Low Value: 1,291,218

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $1,704,593
  • First Open Lien Mortgage Lender: NAVY FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jun 29, 2022
  • First Open Lien Mortgage Loan Amount: $1,204,593
  • 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: Jul 01, 2052
  • Second Open Lien Mortgage Lender: NAVY FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Aug 11, 2023
  • Second Open Lien Mortgage Loan Amount: $250,000
  • Second Open Lien Mortgage Term: 479
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2063
  • Third Open Lien Mortgage Lender: NAVY FEDERAL CREDIT UNION
  • Third Open Lien Mortgage Recording Date: Aug 11, 2023
  • Third Open Lien Mortgage Loan Amount: $250,000
  • Third Open Lien Mortgage Term: 479
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Loan Due Date: Aug 01, 2063

    Market Valuation

  • Market Total Value: $932,805
  • Market Land Value: $181,672
  • Market Improvement Value: $751,133

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $932,805
  • Assessed Land Value: $181,672
  • Assessed Improvements Value: $751,133

    Sales

  • Current Sale Contract Date: Jun 28, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Transaction ID: 11892364629
  • Current Sale Price: $1,338,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7987
  • Previous Sale Recording Date: Sep 09, 2021
  • Previous Sale Contract Date: Sep 08, 2021
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NAVY FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Jun 29, 2022
  • First Mortgage Loan Amount: $1,204,593
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIDELITY BANK
  • Previous Mortgage Transaction Date: Sep 09, 2021
  • Previous Mortgage Loan Amount: $890,766
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About Chatham



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Frequently Asked Questions

What neighborhood is 46 Lakes Edge Lane located in?
The 46 Lakes Edge Lane is a located in the neighborhood of Chatham in Chatham, Pittsboro.
What is the average sales price for listings in 46 Lakes Edge Lane?
The average sales price for units in 46 Lakes Edge Lane is $0 currently.

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