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503 Blue Lake Drive

503 Blue Lake Drive, Mebane, NC 27302
Property in Orange
Sold Jan 20, 2016
$198,500
$200,500 by State Employees Cu
Mortgage Due Feb 01, 2046
Sold Aug 03, 2009
$195,000
$198,979 by Carolina Bank
Mortgage Due Aug 01, 2039
Local assessors in Mebane, NC have categorized 503 Blue Lake Drive as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 7,405 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 8 rooms in the home. Of these, 4 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 503 Blue Lake Drive has a total of 2,096 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 380 sqft. The building has a gable style roof that was made of shingle (not wood). Lots of materials we are unsure of 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, 503 Blue Lake Drive was last sold in Jan 20, 2016 for $198,500. According to our calculations, that's $94.70 per sqft. Prior to that sales transaction, the property was sold for $195,000 in Jul 31, 2009. Current property owners are expected to pay $3,013 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 503 Blue Lake Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $242,100. To break that down further, the land itself was valued at $45,000. While improvements to the property were assessed at a total of $197,100. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 5
  • Building Style: Conventional
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 380
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,096
  • Gross Building Area: 3,552
  • Building Area: 2,096
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,096
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ASHBURY
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: 75B SEC 2 ASHBURY P98/189

Ownership

  • Current Owner : SANDERS COREY
  • Current Owner 2: SANDERS CHRISTINE
  • Previous Owner : JOHNSON SANDRA K
  • Previous Owner 2: YATES SANDRA J
  • Owner Before Previous Owner: OLDE SOUTH HOMES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orange County Schools
  • Census Tract: 011105

Zoning

  • Zoning: ME

Geography

  • Assessors Map Reference: 6067/20
  • District: 3
  • Section: 2
  • Parcel: 9825-64-4741
  • Municipality: CHEEKS
  • Latitude: 36.0981
  • Longitude: -79.249

    Address

  • Full Address: 503 Blue Lake Dr
  • Address - House Number: 503
  • Address - Street Name: Blue Lake
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Mebane
  • Carrier Code: R009
  • 4-Digit Zip Code: 8419
  • Zip Code: 27302

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,013
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: ORAG,MEBA

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 74
  • Final Value: 385,297
  • High Value: 458,543
  • Low Value: 312,051

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,500
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Jan 20, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $200,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2046

    Market Valuation

  • Market Total Value: $242,100
  • Market Land Value: $45,000
  • Market Improvement Value: $197,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $242,100
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $197,100

    Sales

  • Current Sale Contract Date: Jan 20, 2016
  • Current Sale Recording Date: Jan 20, 2016
  • Current Sale Transaction ID: 1439059112
  • Current Sale Price: $198,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20160120000012450
  • Previous Sale Recording Date: Aug 03, 2009
  • Previous Sale Contract Date: Jul 31, 2009
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Jan 20, 2016
  • First Mortgage Loan Amount: $200,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Feb 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CAROLINA BANK
  • Previous Mortgage Transaction Date: Aug 03, 2009
  • Previous Mortgage Loan Amount: $198,979
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2039

About Mebane



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Frequently Asked Questions

What neighborhood is 503 Blue Lake Drive located in?
The 503 Blue Lake Drive is a located in the neighborhood of Orange in Mebane, Mebane.
What is the average sales price for listings in 503 Blue Lake Drive?
The average sales price for units in 503 Blue Lake Drive is $0 currently.

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