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503 Courthouse Drive

503 Courthouse Drive, Morrisville, NC 27560
Sold Sep 13, 2013
$202,500
$195,000 by Barbara Freeman
Mortgage Due Oct 01, 2038
Sold Jul 20, 2006
$215,000
503 Courthouse Drive in Morrisville, NC was first built in 2004 and is 20 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 townhouse style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 503 Courthouse Drive has 1,643 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. In total, the area measurement of the land is 3,485 square feet.

Learn more about the property and building on this page. The home has a gable style roof. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 345 sqft. 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 central heating system and being fueled with gas. 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. 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, 503 Courthouse Drive sold most recently in Sep 10, 2013 for a total of $202,500. If you work out the math, that's approximately a cost of $123.25 per sqft. Before that, the property was also sold for $215,000 in Jul 6, 2006. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,669 in taxes each year. 503 Courthouse Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $294,171. If we break it down further, the land itself was valued at $78,000. Improvements to the property, however, were assessed at a total of $216,171. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Townhouse
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 345
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,485
  • Total Building Area: 1,643
  • Building Area: 1,643
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,643
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: GABLES TOWN HALL COMMONS
  • Land Acres: 0.08
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO138 GABLES @ TN HL CMMS 04-590 BLGG

Ownership

  • Current Owner : FREEMAN DEANNA LYNN
  • Previous Owner : SUTTON EDGAR LEE
  • Owner Before Previous Owner: GILBERTSON SCOTT
  • Owner Before Previous Owner 2: GILBERTSON ERICA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: MSD
  • Census Tract: 053612

Zoning

  • Zoning: MDR

Geography

  • Account Number: 0318933
  • District: 05
  • Parcel: 0746.04-70-5555 0318933
  • Lot: 138
  • Municipality: CEDAR FORK
  • Latitude: 35.8396
  • Longitude: -78.8396

    Address

  • Full Address: 503 Courthouse Dr
  • Address - House Number: 503
  • Address - Street Name: Courthouse
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Morrisville
  • Carrier Code: R019
  • 4-Digit Zip Code: 8308
  • Zip Code: 27560

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,669

    Appraisal Valuation

  • Standard Deviation: 0.1263
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 85
  • Final Value: 450,765
  • High Value: 507,741
  • Low Value: 393,790

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $195,000
  • First Open Lien Mortgage Lender: BARBARA FREEMAN
  • First Open Lien Mortgage Recording Date: Sep 13, 2013
  • First Open Lien Mortgage Loan Amount: $195,000
  • First Open Lien Mortgage Term: 300
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2038
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $294,171
  • Market Land Value: $78,000
  • Market Improvement Value: $216,171

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $294,171
  • Assessed Land Value: $78,000
  • Assessed Improvements Value: $216,171

    Sales

  • Current Sale Contract Date: Sep 10, 2013
  • Current Sale Recording Date: Sep 13, 2013
  • Current Sale Transaction ID: 1132038890
  • Current Sale Price: $202,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 20, 2006
  • Previous Sale Contract Date: Jul 06, 2006
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BARBARA FREEMAN
  • First Mortgage Transaction Date: Sep 13, 2013
  • First Mortgage Loan Amount: $195,000
  • First Mortgage Terms: 300
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Oct 01, 2038

About Gables at Town Hall Commons



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Frequently Asked Questions

What neighborhood is 503 Courthouse Drive located in?
The 503 Courthouse Drive is a located in the neighborhood of Gables at Town Hall Commons in Gables at Town Hall Commons, Morrisville.
What is the average sales price for listings in 503 Courthouse Drive?
The average sales price for units in 503 Courthouse Drive is $0 currently.

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