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542 Gapway Court

542 Gapway Court, Hope Mills, NC 28348
Property in South View
Sold Aug 11, 2022
$249,000
$243,000 by Jet Homeloans Llc
Mortgage Due Sep 01, 2052
Sold Nov 17, 2009
$170,000
$173,655 by Mortgagesouth Fin Service
Mortgage
Local assessors in Hope Mills, NC have categorized 542 Gapway Court as a residential type of property. The home was built in 2009 and is 15 years old. The property's lot size has been calculated to be 10,890 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 723 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 542 Gapway Court has a total of 1,967 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 420 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. The building has a gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a vent heater is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 542 Gapway Court sold most recently in Aug 4, 2022 for a total of $249,000. If you work out the math, that's approximately a cost of $126.59 per sqft. Before that, the property was also sold for $170,000 in Nov 13, 2009. 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 $1,782 in taxes each year. 542 Gapway Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $165,873. If we break it down further, the land itself was valued at $33,000. Improvements to the property, however, were assessed at a total of $132,873. 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.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 723
  • Total Building Area: 1,967
  • Gross Building Area: 1,967
  • Building Area: 1,967
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Vent
  • Heated Square Feet: 1,967
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CROSSWINDS - SEC 4
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CROSSWINDS LO3 PH1-PT1 SE04 PL0123-0130

Ownership

  • Current Owner : LAWRENCE PATRICK CARROLL
  • Current Owner 2: LI BING
  • Previous Owner : C4H HOME BUYER LLC
  • Owner Before Previous Owner: CAVINESS & CATES BLDG & DEV CO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Cumberland County Schools
  • School Tax School District: 0051-FIRE-SERV-
  • Census Tract: 001604

Zoning

  • Zoning: R7.5

Geography

  • Assessors Map Reference: PB 123 PG 130
  • Section: 4
  • Subdivision Phase Number: 1
  • Parcel: 0425-43-5083
  • Block: 43
  • Lot: 3
  • Latitude: 34.9947
  • Longitude: -78.9179

    Address

  • Full Address: 542 Gapway Ct
  • Address - House Number: 542
  • Address - Street Name: Gapway
  • Address - Suffix Type: Ct
  • State: NC
  • City Name: Hope Mills
  • Carrier Code: R008
  • 4-Digit Zip Code: 2788
  • Zip Code: 28348

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,782
  • Tax Rate Code Area: 0051

    Appraisal Valuation

  • Standard Deviation: 0.2045
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 72
  • Final Value: 263,469
  • High Value: 317,374
  • Low Value: 209,564

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $243,000
  • First Open Lien Mortgage Lender: JET HOMELOANS LLC
  • First Open Lien Mortgage Recording Date: Aug 11, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $243,000
  • 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: Sep 01, 2052

    Market Valuation

  • Market Total Value: $165,873
  • Market Land Value: $33,000
  • Market Improvement Value: $132,873

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $165,873
  • Assessed Land Value: $33,000
  • Assessed Improvements Value: $132,873

    Sales

  • Current Sale Contract Date: Aug 04, 2022
  • Current Sale Recording Date: Aug 11, 2022
  • Current Sale Transaction ID: 11894787904
  • Current Sale Price: $249,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 32715
  • Previous Sale Recording Date: Nov 17, 2009
  • Previous Sale Contract Date: Nov 13, 2009
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JET HOMELOANS LLC
  • First Mortgage Transaction Date: Aug 11, 2022
  • First Mortgage Loan Amount: $243,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Sep 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGESOUTH FIN SERVICE
  • Previous Mortgage Transaction Date: Nov 17, 2009
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $173,655
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

About South View



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Frequently Asked Questions

What neighborhood is 542 Gapway Court located in?
The 542 Gapway Court is a located in the neighborhood of South View in South View, Hope Mills.
What is the average sales price for listings in 542 Gapway Court?
The average sales price for units in 542 Gapway Court is $0 currently.

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