5122 Fair Wind Lane

5122 Fair Wind Lane has been categorized by the local assessors in Charlotte, NC as a residential type of property. The building on the property was first built in 1985 and is 39 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5122 Fair Wind Lane has 1,296 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 871 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of asphalt. 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 heat pump and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. 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, 5122 Fair Wind Lane was last sold in Jul 15, 2022 for $223,500. According to our calculations, that's $172.45 per sqft. Prior to that sales transaction, the property was sold for $160,000 in Jun 1, 2020. Current property owners are expected to pay $1,080 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 5122 Fair Wind Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $211,900. To break that down further, the land itself was valued at $45,000. While improvements to the property were assessed at a total of $166,900. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.