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533 Lake Way

533 Lake Way, Kernersville, NC 27284
Property in Forsyth
Sold Dec 12, 2017
$130,000
$130,800 by Mortgage Research Center Llc
Mortgage Due Jan 01, 2048
Sold Jun 18, 2010
$122,000
533 Lake Way in Kernersville, NC was first built in 2002 and is 22 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 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 533 Lake Way has 1,214 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. The linear feet across the front of the lot is 700 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 10,454 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 420 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. The property was last sold in Dec 11, 2017 for $130,000. That's $107.08 per sqft. Prior to that sales transaction, the property was also sold in Jun 17, 2010 for $122,000. 533 Lake Way was last assessed in 2023. The total value of the property was assessed at $157,000. Specifically, the land the property is located on was valued at $34,000. While improvements on the property were assessed at a total of $123,000. 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 $1,477. The initial tax year of delinquency was in 2016. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,214
  • Gross Building Area: 1,214
  • Building Area: 1,214
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,214
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MCCONNELL SUBDIV & CONDOS
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO037 BL5436

Ownership

  • Current Owner : HOWARD CHRISTOPHER ERWIN
  • Previous Owner : SMITH RANDY L
  • Previous Owner 2: SMITH LINDA
  • Owner Before Previous Owner: BROWN JUNIOR LEE
  • Owner Before Previous Owner 2: BROWN VIRGINIA CAROL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Forsyth County Schools
  • Census Tract: 003201

Zoning

  • Zoning: RSQ-S

Geography

  • Assessors Map Reference: PM6876
  • Account Number: 5436 037
  • Parcel: 6876-94-7058.000
  • Block: 5436
  • Lot: 37
  • Municipality: KERNERSVILLE
  • Latitude: 36.1194
  • Longitude: -80.0842

    Address

  • Full Address: 533 Lake Way
  • Address - House Number: 533
  • Address - Street Name: Lake
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Kernersville
  • Carrier Code: C004
  • 4-Digit Zip Code: 2075
  • Zip Code: 27284

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,477
  • Intital Tax Deliquent Year: 2016
  • Tax Rate Code Area: KE

    Appraisal Valuation

  • Standard Deviation: 0.2463
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 65
  • Final Value: 242,681
  • High Value: 302,458
  • Low Value: 182,904

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $130,800
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Open Lien Mortgage Recording Date: Dec 12, 2017
  • First Open Lien Mortgage Loan Amount: $130,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2048

    Market Valuation

  • Market Total Value: $157,000
  • Market Land Value: $34,000
  • Market Improvement Value: $123,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,000
  • Assessed Land Value: $34,000
  • Assessed Improvements Value: $123,000

    Sales

  • Current Sale Contract Date: Dec 11, 2017
  • Current Sale Recording Date: Dec 12, 2017
  • Current Sale Transaction ID: 11331257567
  • Current Sale Price: $130,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 18, 2010
  • Previous Sale Contract Date: Jun 17, 2010
  • Previous Sale Amount: $122,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Mortgage Transaction Date: Dec 12, 2017
  • First Mortgage Loan Amount: $130,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2048

About Kernersville



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Frequently Asked Questions

What neighborhood is 533 Lake Way located in?
The 533 Lake Way is a located in the neighborhood of Forsyth in Kernersville, Kernersville.
What is the average sales price for listings in 533 Lake Way?
The average sales price for units in 533 Lake Way is $0 currently.

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