5305 Dover Ridge Lane

5305 Dover Ridge Lane in Durham, NC was first built in 1997 and is 27 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 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5305 Dover Ridge Lane has 2,786 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 12,197 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. The garage is 460 sqft. There are a total of 2 available parking spaces. 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, 5305 Dover Ridge Lane sold most recently in Nov 3, 2017 for a total of $280,000. If you work out the math, that's approximately a cost of $100.50 per sqft. Before that, the property was also sold for $214,000 in Feb 24, 1998. 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 $3,756 in taxes each year. 5305 Dover Ridge Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $286,757. If we break it down further, the land itself was valued at $51,040. Improvements to the property, however, were assessed at a total of $235,717. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.