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480 May Farm Road

480 May Farm Road, Pittsboro, NC 27312
Sold Jan 20, 2021
$395,000
$316,000 by Prosperity Home Mortgage Llc
Mortgage Due Feb 01, 2051
Sold Jul 30, 2019
$360,000
$316,000 by Prosperity Home Mortgage Llc
Mortgage Due Aug 01, 2049
Local assessors in Pittsboro, NC have categorized 480 May Farm Road as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 16,640 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 are 2 full bathrooms. There are also 3 partial bathrooms. 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 480 May Farm Road has a total of 2,599 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. 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 - B-. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 480 May Farm Road was last sold in Jan 20, 2021 for $395,000. According to our calculations, that's $151.98 per sqft. Prior to that sales transaction, the property was sold for $360,000 in Jul 26, 2019. Current property owners are expected to pay $3,953 in taxes per year. The property on 480 May Farm Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $331,683. To break that down further, the land itself was valued at $60,324. While improvements to the property were assessed at a total of $271,359. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Quality: B-
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 16,640
  • Total Building Area: 2,599
  • Building Area: 2,599
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,599
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: POTTERSTONE VILLAGE
  • Land Acres: 0.382
  • Standard Land Use Code: Single family residential
  • Legal Description 1: K7-45-76POT AC 0.382 BK 2004 PG 336

Ownership

  • Current Owner : OLSSON ANDREW E
  • Current Owner 2: OLSSON EMILY H
  • Previous Owner : BOONE KEVIN
  • Previous Owner 2: BOONE MICHELE
  • Owner Before Previous Owner: SIMMONS ERIC V
  • Owner Before Previous Owner 2: SIMMONS SUE S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chatham County Schools
  • School Tax School District: PITTSBORO CITY
  • Census Tract: 020803

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 2004 MP 336
  • Account Number: 1353449
  • District: 5
  • Parcel: 0081868
  • Block: 82
  • Municipality: CENTER
  • Latitude: 35.7083
  • Longitude: -79.1721

    Address

  • Full Address: 480 May Farm Rd
  • Address - House Number: 480
  • Address - Street Name: May Farm
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Pittsboro
  • Carrier Code: R017
  • 4-Digit Zip Code: 5748
  • Zip Code: 27312

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,953
  • Tax Rate Code Area: 201

    Appraisal Valuation

  • Standard Deviation: 0.2244
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 69
  • Final Value: 542,045
  • High Value: 663,723
  • Low Value: 420,366

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $316,000
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 20, 2021
  • First Open Lien Mortgage Loan Amount: $316,000
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $331,683
  • Market Land Value: $60,324
  • Market Improvement Value: $271,359

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $331,683
  • Assessed Land Value: $60,324
  • Assessed Improvements Value: $271,359

    Sales

  • Current Sale Contract Date: Jan 20, 2021
  • Current Sale Recording Date: Jan 20, 2021
  • Current Sale Transaction ID: 11814854647
  • Current Sale Price: $395,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1032
  • Previous Sale Recording Date: Jul 30, 2019
  • Previous Sale Contract Date: Jul 26, 2019
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 20, 2021
  • First Mortgage Loan Amount: $316,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • Previous Mortgage Transaction Date: Jul 30, 2019
  • Previous Mortgage Loan Amount: $316,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2049

About Potterstone Village



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Frequently Asked Questions

What neighborhood is 480 May Farm Road located in?
The 480 May Farm Road is a house located in the neighborhood of Potterstone Village in Potterstone Village, Pittsboro.
What is the average sales price for listings in 480 May Farm Road?
The average sales price for units in 480 May Farm Road is $389,000 , or $142/sqft. currently.

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