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545 Laurel Cove Road

545 Laurel Cove Road, Murphy, NC 28906
Property in Cherokee
Sold Mar 24, 2021
$165,000
$150,000 by Truist Bank
Mortgage Due Apr 01, 2051
Sold Jun 08, 2016
$102,500
$97,280 by Midland States Bank
Mortgage Due Jul 01, 2046
Local assessors in Murphy, NC have categorized 545 Laurel Cove Road as a residential type of property. The home was built in 1982 and is 42 years old. The property's lot size has been calculated to be 42,253 square feet. The linear feet between the front and back of the lot was measured at 4,210 ft and the front of the lot was measured at 1,140 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, 2 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 545 Laurel Cove Road has a total of 1,202 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. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of asphalt. Lots of a combination of material were used in the construction of the exterior walls of the home. While the walls in the interior have been made of wood. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. 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, 545 Laurel Cove Road sold most recently in Mar 24, 2021 for a total of $165,000. If you work out the math, that's approximately a cost of $137.27 per sqft. Before that, the property was also sold for $102,500 in May 12, 2016. 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 $680 in taxes each year. 545 Laurel Cove Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $94,010. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Combination
  • Interior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 42,253
  • Lot Size Depth Feet: 4,210
  • Lot Size Frontage Feet: 1,140
  • Total Building Area: 1,202
  • Gross Building Area: 1,570
  • Building Area: 1,202
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,202
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAUREL COVE SUBDIVISION
  • Land Acres: 0.97
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 16 LAUREL COVE 1537/186

Ownership

  • Current Owner : STEVENS ARLENE
  • Previous Owner : MAYNARD THOMAS COOK
  • Previous Owner 2: MAYNARD KATHY ANN
  • Owner Before Previous Owner: LAMM PAUL B
  • Owner Before Previous Owner 2: LAMM LINDA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cherokee County Schools
  • Census Tract: 930502

Geography

  • Account Number: 54141
  • Parcel: 459102676326000
  • Lot: 16
  • Municipality: LAUREL CV
  • Latitude: 35.0671
  • Longitude: -84.0262

    Address

  • Full Address: 545 Laurel Cove Rd
  • Address - House Number: 545
  • Address - Street Name: Laurel Cove
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Murphy
  • Carrier Code: R012
  • 4-Digit Zip Code: 2100
  • Zip Code: 28906

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $680

    Appraisal Valuation

  • Standard Deviation: 0.2744
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 60
  • Final Value: 211,601
  • High Value: 269,677
  • Low Value: 153,524

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Mar 24, 2021
  • First Open Lien Mortgage Loan Amount: $150,000
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $94,010
  • Market Land Value: $18,000
  • Market Improvement Value: $76,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,010

    Sales

  • Current Sale Contract Date: Mar 24, 2021
  • Current Sale Recording Date: Mar 24, 2021
  • Current Sale Transaction ID: 11827473132
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1930
  • Previous Sale Recording Date: Jun 08, 2016
  • Previous Sale Contract Date: May 12, 2016
  • Previous Sale Amount: $102,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Mar 24, 2021
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MIDLAND STATES BANK
  • Previous Mortgage Transaction Date: Jun 08, 2016
  • Previous Mortgage Loan Amount: $97,280
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2046

About Cherokee



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Frequently Asked Questions

What neighborhood is 545 Laurel Cove Road located in?
The 545 Laurel Cove Road is a located in the neighborhood of Cherokee in Cherokee, Murphy.
What is the average sales price for listings in 545 Laurel Cove Road?
The average sales price for units in 545 Laurel Cove Road is $0 currently.

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