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532 Lex Drive

532 Lex Drive, Charlotte, NC 28262
Sold Dec 06, 2021
$187,500
$138,750 by Pennymac Loan Services Llc
Mortgage Due Dec 01, 2051
Sold Jul 08, 2021
$150,000
$127,000 by Mcu Financial Center Cu
Mortgage Due Jan 08, 2022
532 Lex Drive 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 1990 and is 34 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 532 Lex Drive has 1,242 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a unknown that is 108 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. 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 split level 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 open porch. 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 alum/vinyl siding. 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. The property was last sold in Nov 22, 2021 for $187,500. That's $150.97 per sqft. Prior to that sales transaction, the property was also sold in Jun 6, 2021 for $150,000. 532 Lex Drive was last assessed in 2023. The total value of the property was assessed at $215,900. Specifically, the land the property is located on was valued at $45,000. While improvements on the property were assessed at a total of $170,900. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $859. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Aluminum Siding
Vinyl Siding

Parking

Assigned Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Split level
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 108
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 871
  • Total Building Area: 1,242
  • Gross Building Area: 1,242
  • Building Area: 1,242
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,242
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALEXANDER TOWNE MAP 02
  • Land Acres: 0.02
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LOT D B15 M22-847

Ownership

  • Current Owner : MAJJI NARAYANA
  • Previous Owner : FUTURE REALTY LLC
  • Owner Before Previous Owner: ALI SYED HUSAIN
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 005604

Zoning

  • Zoning: INST

Geography

  • Assessors Map Reference: 049-38
  • District: 1
  • Parcel: 049-384-29
  • Block: 15
  • Lot: D
  • Municipality: CHARLOTTE
  • Latitude: 35.3149
  • Longitude: -80.7299

    Address

  • Full Address: 532 Lex Dr
  • Address - House Number: 532
  • Address - Street Name: Lex
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Charlotte
  • Carrier Code: R087
  • 4-Digit Zip Code: 2581
  • Zip Code: 28262

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $859
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.2025
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 72
  • Final Value: 230,219
  • High Value: 276,839
  • Low Value: 183,598

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $138,750
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Dec 06, 2021
  • First Open Lien Mortgage Loan Amount: $138,750
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $215,900
  • Market Land Value: $45,000
  • Market Improvement Value: $170,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,900
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $170,900

    Sales

  • Current Sale Contract Date: Nov 22, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Transaction ID: 11873829056
  • Current Sale Price: $187,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021229829
  • Previous Sale Recording Date: Jul 08, 2021
  • Previous Sale Contract Date: Jun 06, 2021
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Dec 06, 2021
  • First Mortgage Loan Amount: $138,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MCU FINANCIAL CENTER CU
  • Previous Mortgage Transaction Date: Jul 08, 2021
  • Previous Mortgage Loan Amount: $127,000
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 08, 2022

About University City South



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Frequently Asked Questions

What neighborhood is 532 Lex Drive located in?
The 532 Lex Drive is a located in the neighborhood of University City South in University City South, Charlotte.
What is the average sales price for listings in 532 Lex Drive?
The average sales price for units in 532 Lex Drive is $0 currently.

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