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5092 Cambridge Oaks Drive

5092 Cambridge Oaks Drive, Matthews, NC 28104
House in Union
Sold Jul 26, 2018
$440,000
$352,000 by Gmh Mortgage Services Llc
Mortgage Due Aug 01, 2048
Sold Oct 13, 2004
$70,000
5092 Cambridge Oaks Drive has been categorized by the local assessors in Matthews, NC as a residential type of property. The building on the property was first built in 2006 and is 18 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5092 Cambridge Oaks Drive has 2,889 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 68,825 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 506 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B+ by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of materials we are unsure of. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery 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, 5092 Cambridge Oaks Drive sold most recently in Jul 26, 2018 for a total of $440,000. If you work out the math, that's approximately a cost of $152.30 per sqft. Before that, the property was also sold for $70,000 in Sep 22, 2004. 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 $3,283 in taxes each year. 5092 Cambridge Oaks Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $518,600. If we break it down further, the land itself was valued at $75,000. Improvements to the property, however, were assessed at a total of $443,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2006
  • Effective Year Built: 2006
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B+
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Other
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 68,825
  • Total Building Area: 2,889
  • Building Area: 2,889
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,889
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAMBRIDGE OAKS
  • Land Acres: 1.58
  • Standard Land Use Code: Single family residential
  • Legal Description 1: #17 CAMBRIDGE OAKS MP3 OP

Ownership

  • Current Owner : UMBACH MICHAEL A
  • Current Owner 2: UMBACH SANDY J
  • Previous Owner : HOUGH ERIC
  • Previous Owner 2: HOUGH SHARLENE
  • Owner Before Previous Owner: GOODMAN PHILIP S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Union County Public Schools
  • Census Tract: 020315

Zoning

  • Zoning: R-40 WEDDI

Geography

  • District: 7
  • Parcel: 07-153-022
  • Lot: 17
  • Municipality: VANCE TWP
  • Latitude: 35.0479
  • Longitude: -80.7037

    Address

  • Full Address: 5092 Cambridge Oaks Dr
  • Address - House Number: 5092
  • Address - Street Name: Cambridge Oaks
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Matthews
  • Carrier Code: R020
  • 4-Digit Zip Code: 7234
  • Zip Code: 28104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,283
  • Tax Rate Code Area: 820

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 80
  • Final Value: 766,259
  • High Value: 885,561
  • Low Value: 646,956

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $697,048
  • First Open Lien Mortgage Lender: GMH MORTGAGE SERVICES LLC
  • First Open Lien Mortgage Recording Date: Jul 26, 2018
  • First Open Lien Mortgage Loan Amount: $352,000
  • 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: Aug 01, 2048
  • Second Open Lien Mortgage Lender: SUN WEST MORTGAGE COMPANY INC
  • Second Open Lien Mortgage Recording Date: Nov 03, 2020
  • Second Open Lien Mortgage Loan Amount: $345,048
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $518,600
  • Market Land Value: $75,000
  • Market Improvement Value: $443,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $518,600
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $443,600

    Sales

  • Current Sale Contract Date: Jul 26, 2018
  • Current Sale Recording Date: Jul 26, 2018
  • Current Sale Transaction ID: 11488157042
  • Current Sale Price: $440,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0020807
  • Previous Sale Recording Date: Oct 13, 2004
  • Previous Sale Contract Date: Sep 22, 2004
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GMH MORTGAGE SERVICES LLC
  • First Mortgage Transaction Date: Jul 26, 2018
  • First Mortgage Loan Amount: $352,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2048

About Weddington



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Nearby Rentals

Unit for rent at

$2,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,250 ft²
Listing by Kathy Wing
Unit for rent at

$2,720 /mo

  • 4 Beds
  • 2 Baths
  • 2,482 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 5092 Cambridge Oaks Drive located in?
The 5092 Cambridge Oaks Drive is a house located in the neighborhood of Union in Weddington, Matthews.
What is the average sales price for listings in 5092 Cambridge Oaks Drive?
The average sales price for units in 5092 Cambridge Oaks Drive is $0 currently.

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