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505 Dixie Avenue

505 Dixie Avenue, Hillsborough, NC 27278
Property in Orange
Sold Sep 29, 2008
$72,500
$71,281 by Alera Financial Llc
Mortgage Due Oct 01, 2038
Sold Jan 28, 2005
$79,500
$75,525 by Argent Mortgage Company Llc
Mortgage Due Feb 01, 2035
505 Dixie Avenue in Hillsborough, NC was first built in 1987 and is 37 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 conventional style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 505 Dixie Avenue has 1,008 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 14,810 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of shingle (not wood). The exterior walls of the home are made of materials we are unsure of. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. 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, 505 Dixie Avenue sold most recently in Sep 28, 2008 for a total of $72,500. If you work out the math, that's approximately a cost of $71.92 per sqft. Before that, the property was also sold for $79,500 in Jan 28, 2005. 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 $1,595 in taxes each year. The initial year of tax delinquency occurred in 2022. 505 Dixie Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $96,900. If we break it down further, the land itself was valued at $15,000. Improvements to the property, however, were assessed at a total of $81,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1987
  • Effective Year Built: 1987
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Style: Conventional
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,008
  • Gross Building Area: 2,272
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,008
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTH DIXIE
  • Land Acres: 0.34
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: 24 SEC 3 PH 1 NORTH DIXIE P43/77

Ownership

  • Current Owner : AUMILLER WILLIAM
  • Current Owner 2: STRAYHORN ROMA
  • Previous Owner : LAMKIN CHARLES H
  • Previous Owner 2: LAMKIN ANNE PORCHERD
  • Owner Before Previous Owner: PHELPS JOSEPH M
  • Owner Before Previous Owner 2: STEPHENS ROGER DALE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orange County Schools
  • Census Tract: 011103

Zoning

  • Zoning: HI

Geography

  • Assessors Map Reference: 4609/160
  • District: 4
  • Section: 3
  • Subdivision Phase Number: 1
  • Parcel: 9865-63-7562
  • Municipality: HILLSBOROUGH
  • Latitude: 36.0951
  • Longitude: -79.1119

    Address

  • Full Address: 505 Dixie Ave
  • Legal Unit: 24
  • Address - House Number: 505
  • Address - Street Name: Dixie
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Hillsborough
  • Carrier Code: R009
  • 4-Digit Zip Code: 9628
  • Zip Code: 27278

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,595
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: ORAG,HILL

    Appraisal Valuation

  • Standard Deviation: 0.2209
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 69
  • Final Value: 186,860
  • High Value: 228,152
  • Low Value: 145,568

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $71,281
  • First Open Lien Mortgage Lender: ALERA FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Sep 29, 2008
  • First Open Lien Mortgage Loan Amount: $71,281
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2038

    Market Valuation

  • Market Total Value: $96,900
  • Market Land Value: $15,000
  • Market Improvement Value: $81,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,900
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $81,900

    Sales

  • Current Sale Contract Date: Sep 28, 2008
  • Current Sale Recording Date: Sep 29, 2008
  • Current Sale Transaction ID: 1000561378
  • Current Sale Price: $72,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 28, 2005
  • Previous Sale Contract Date: Jan 28, 2005
  • Previous Sale Amount: $79,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALERA FINANCIAL LLC
  • First Mortgage Transaction Date: Sep 29, 2008
  • First Mortgage Loan Amount: $71,281
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2038

    Previous Mortgages

  • Previous Mortgage Lender: ARGENT MORTGAGE COMPANY LLC
  • Previous Mortgage Transaction Date: Jan 28, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $75,525
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Feb 01, 2035

About Hillsborough



Similar Buildings

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Nearby Rentals

Unit for rent at 636 Mcadams Road, Hillsborough, NC, 27278

$2,650 /mo

  • 5 Beds
  • 3 Baths
  • 2,081 ft²
636 Mcadams Road, Hillsborough, NC, 27278 Listing by Noah St John

Frequently Asked Questions

What neighborhood is 505 Dixie Avenue located in?
The 505 Dixie Avenue is a located in the neighborhood of Orange in Hillsborough, Hillsborough.
What is the average sales price for listings in 505 Dixie Avenue?
The average sales price for units in 505 Dixie Avenue is $0 currently.

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