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5055 Lacewood Court

5055 Lacewood Court, Concord, NC 28025
Property in Fairfield
Sold Jan 15, 2021
$207,500
$166,000 by Fairway Independent Mortgage C
Mortgage Due Feb 01, 2051
Sold Jul 10, 2007
$109,000
$109,000 by Dover Mortgage Co
Mortgage Due Aug 01, 2037
Local assessors in Concord, NC have categorized 5055 Lacewood Court as a residential type of property. The home was built in 1980 and is 44 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 25,480 square feet. The linear feet between the front and back of the lot was measured at 1,960 ft and the front of the lot was measured at 1,300 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 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 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5055 Lacewood Court has a total of 1,102 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 garage for those who need a place to park their vehicle. The garage on the property is 1,304 sqft. There are 5 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back of the home. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. 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, 5055 Lacewood Court sold most recently in Jan 15, 2021 for a total of $207,500. If you work out the math, that's approximately a cost of $188.29 per sqft. Before that, the property was also sold for $109,000 in Jul 10, 2007. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,199 in taxes each year. 5055 Lacewood Court was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $117,940. If we break it down further, the land itself was valued at $36,000. Improvements to the property, however, were assessed at a total of $81,940. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1980
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 1,304
  • Parking Space Count: 5
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 25,480
  • Lot Size Depth Feet: 1,960
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 1,102
  • Gross Building Area: 1,186
  • Building Area: 1,102
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,102
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FAIRFIELD
  • Land Acres: 0.584
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 19 FAIRFIELD

Ownership

  • Current Owner : MALMQUIST MICHELLE
  • Previous Owner : SUPAN MATTHEW C
  • Previous Owner 2: SUPAN KATELYN CHASE
  • Owner Before Previous Owner: MURRAY WENDY M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Cabarrus County Schools
  • School Tax School District: 16-MT.PLEASANT
  • Census Tract: 041702

Zoning

  • Zoning: CR

Geography

  • Account Number: 104404
  • District: 08
  • Parcel: 5650 58 4193
  • Lot: 19
  • Municipality: MOUNT PLEASANT
  • Latitude: 35.4117
  • Longitude: -80.4919

    Address

  • Full Address: 5055 Lacewood Ct
  • Address - House Number: 5055
  • Address - Street Name: Lacewood
  • Address - Suffix Type: Ct
  • State: NC
  • City Name: Concord
  • Carrier Code: R007
  • 4-Digit Zip Code: 9399
  • Zip Code: 28025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,199
  • Tax Rate Code Area: FR16

    Appraisal Valuation

  • Standard Deviation: 0.1864
  • Valuation Date: Oct 26, 2022
  • Confidence Score: 75
  • Final Value: 262,042
  • High Value: 310,913
  • Low Value: 213,171

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $166,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jan 15, 2021
  • First Open Lien Mortgage Loan Amount: $166,000
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $117,940
  • Market Land Value: $36,000
  • Market Improvement Value: $81,940

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $117,940
  • Assessed Land Value: $36,000
  • Assessed Improvements Value: $81,940

    Sales

  • Current Sale Contract Date: Jan 15, 2021
  • Current Sale Recording Date: Jan 15, 2021
  • Current Sale Transaction ID: 11814553189
  • Current Sale Price: $207,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 10, 2007
  • Previous Sale Contract Date: Jul 10, 2007
  • Previous Sale Amount: $109,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jan 15, 2021
  • First Mortgage Loan Amount: $166,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: DOVER MORTGAGE CO
  • Previous Mortgage Transaction Date: Jul 10, 2007
  • Previous Mortgage Loan Amount: $109,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2037

About Mount Pleasant



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Frequently Asked Questions

What neighborhood is 5055 Lacewood Court located in?
The 5055 Lacewood Court is a located in the neighborhood of Fairfield in Mount Pleasant, Concord.
What is the average sales price for listings in 5055 Lacewood Court?
The average sales price for units in 5055 Lacewood Court is $0 currently.

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