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488 Laurel Cove Road

488 Laurel Cove Road, Statesville, NC 28677
Property in Iredell
Sold Jan 06, 2022
$245,000
$170,000 by Costello Larry
Mortgage Due Oct 14, 2036
Sold Apr 21, 1998
$165,000
$132,000 by Nationsbanc Mtg
Mortgage Due May 01, 2013
488 Laurel Cove Road has been categorized by the local assessors in Statesville, NC as a residential type of property. The building on the property was first built in 1984 and is 40 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 488 Laurel Cove Road has 900 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 900 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 43,560 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 carport for those who require parking. The garage measured 834 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a open porch and a patio. 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 hip style roof made of metal. The exterior walls of the building are made of wood siding. 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 heat pump and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Nov 15, 2021 for $245,000. That's $272.22 per sqft. Prior to that sales transaction, the property was also sold in Apr 2, 1998 for $165,000. 488 Laurel Cove Road was last assessed in 2023. The total value of the property was assessed at $265,360. Specifically, the land the property is located on was valued at $92,000. While improvements on the property were assessed at a total of $173,360. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,652. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Finished improved basement
  • Basement Area: 900
  • Garage Type: Carport
  • Garage Square Area: 834
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 900
  • Gross Building Area: 3,672
  • Building Area: 900
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 900
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAUREL COVE
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: #5 LAUREL COVE PB 9-41 41A

Ownership

  • Current Owner : POTTER TIMOTHY A
  • Current Owner 2: POTTER KIMBERLY ANN
  • Previous Owner : COSTELLO LARRY SHERMAN
  • Previous Owner 2: COSTELLO DONNA LYNN
  • Owner Before Previous Owner: WUELLNER CURTIS A
  • Owner Before Previous Owner 2: WUELLNER KIMBERLEE A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Iredell-Statesville Schools
  • School Tax School District: C
  • School Tax District Code 2: FR05
  • School Tax District Code 3: SW
  • Census Tract: 061205

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: MAP:4710
  • Account Number: 80088815
  • District: 15
  • Parcel: 4710-49-7456.000
  • Block: 49
  • Municipality: FALLSTOWN
  • Latitude: 35.6833
  • Longitude: -80.971

    Address

  • Full Address: 488 Laurel Cove Rd
  • Address - House Number: 488
  • Address - Street Name: Laurel Cove
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Statesville
  • Carrier Code: R014
  • 4-Digit Zip Code: 2475
  • Zip Code: 28677

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,652
  • Tax Rate Code Area: FR06

    Appraisal Valuation

  • Standard Deviation: 0.2362
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 67
  • Final Value: 463,988
  • High Value: 573,618
  • Low Value: 354,359

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $310,600
  • First Open Lien Mortgage Lender: COSTELLO LARRY
  • First Open Lien Mortgage Recording Date: Jan 06, 2022
  • First Open Lien Mortgage Loan Amount: $170,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Oct 14, 2036
  • Second Open Lien Mortgage Lender: PEOPLES BANK
  • Second Open Lien Mortgage Recording Date: Sep 25, 2023
  • Second Open Lien Mortgage Loan Amount: $140,600
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Sep 15, 2038

    Market Valuation

  • Market Total Value: $265,360
  • Market Land Value: $92,000
  • Market Improvement Value: $173,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,360
  • Assessed Land Value: $92,000
  • Assessed Improvements Value: $173,360

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Jan 06, 2022
  • Current Sale Transaction ID: 11877159040
  • Current Sale Price: $245,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Apr 21, 1998
  • Previous Sale Contract Date: Apr 02, 1998
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COSTELLO LARRY
  • First Mortgage Transaction Date: Jan 06, 2022
  • First Mortgage Loan Amount: $170,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Oct 14, 2036

    Previous Mortgages

  • Previous Mortgage Lender: NATIONSBANC MTG
  • Previous Mortgage Transaction Date: Apr 21, 1998
  • Previous Mortgage Loan Amount: $132,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: May 01, 2013

About Iredell



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Frequently Asked Questions

What neighborhood is 488 Laurel Cove Road located in?
The 488 Laurel Cove Road is a located in the neighborhood of Iredell in Iredell, Statesville.
What is the average sales price for listings in 488 Laurel Cove Road?
The average sales price for units in 488 Laurel Cove Road is $0 currently.

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