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5005 Gate Post Lane

5005 Gate Post Lane, Wilmington, NC 28412
Sold Jun 05, 2020
$246,000
$195,600 by Corning Fcu
Mortgage Due Jul 01, 2050
Sold Nov 28, 2001
$142,000
5005 Gate Post Lane in Wilmington, NC was first built in 1996 and is 28 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5005 Gate Post Lane has 1,683 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 710 sqft and has been categorized as a building with no basement. In total, the area measurement of the land is 7,013 square feet.

Learn more about the property and building on this page. There is a open porch. The roof of the home is made of composition shingle. For those who need parking, there is a garage. The garage is 462 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heat pump and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 5005 Gate Post Lane was last sold in Jun 2, 2020 for $246,000. According to our calculations, that's $146.17 per sqft. Prior to that sales transaction, the property was sold for $142,000 in Nov 28, 2001. Current property owners are expected to pay $1,384 in taxes per year. The property on 5005 Gate Post Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $251,900. To break that down further, the land itself was valued at $81,000. While improvements to the property were assessed at a total of $170,900. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Exterior

Vinyl Siding

Parking

Off Street Parking
Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Good
  • Building Quality: C+
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 710
  • Garage Type: Garage
  • Garage Square Area: 462
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,013
  • Total Building Area: 1,683
  • Building Area: 1,683
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,683
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKES AT JOHNSON FARMS
  • Land Acres: 0.161
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LT 28 PHASE 2 THE LAKES AT JOHNSONFARMS

Ownership

  • Current Owner : LEWIS WILLIAM D
  • Previous Owner : WILSON TIMOTHY EARL
  • Previous Owner 2: WILSON OLIVIA HALL
  • Owner Before Previous Owner: MAHONEY DINA S JOHN JOSEPH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Hanover County Schools
  • School Tax School District: FIRE DISTRICT
  • Census Tract: 012008

Zoning

  • Zoning: R-15,RESID

Geography

  • Assessors Map Reference: MAP 7113
  • District: FD
  • Subdivision Phase Number: 2
  • Parcel: R07113-006-004-000
  • Block: 6
  • Lot: 28
  • Municipality: FIRE DISTRICT
  • Latitude: 34.1527
  • Longitude: -77.9013

    Address

  • Full Address: 5005 Gate Post Ln
  • Address - House Number: 5005
  • Address - Street Name: Gate Post
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Wilmington
  • Carrier Code: C100
  • 4-Digit Zip Code: 8497
  • Zip Code: 28412

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,384
  • Tax Rate Code Area: FD

    Appraisal Valuation

  • Standard Deviation: 0.1766
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 77
  • Final Value: 401,966
  • High Value: 472,980
  • Low Value: 330,953

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $195,600
  • First Open Lien Mortgage Lender: CORNING FCU
  • First Open Lien Mortgage Recording Date: Jun 05, 2020
  • First Open Lien Mortgage Loan Amount: $195,600
  • 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, 2050

    Market Valuation

  • Market Total Value: $251,900
  • Market Land Value: $81,000
  • Market Improvement Value: $170,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $251,900
  • Assessed Land Value: $81,000
  • Assessed Improvements Value: $170,900

    Sales

  • Current Sale Contract Date: Jun 02, 2020
  • Current Sale Recording Date: Jun 05, 2020
  • Current Sale Transaction ID: 11764591810
  • Current Sale Price: $246,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020020675
  • Previous Sale Recording Date: Nov 28, 2001
  • Previous Sale Contract Date: Nov 28, 2001
  • Previous Sale Amount: $142,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNING FCU
  • First Mortgage Transaction Date: Jun 05, 2020
  • First Mortgage Loan Amount: $195,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

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Frequently Asked Questions

What neighborhood is 5005 Gate Post Lane located in?
The 5005 Gate Post Lane is a house located in the neighborhood of Lakes at Johnson Farms in Silver Lake, Wilmington.
What is the average sales price for listings in 5005 Gate Post Lane?
The average sales price for units in 5005 Gate Post Lane is $0 currently.

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