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601 Chancery Place

601 Chancery Place, Greensboro, NC 27408
Property in Latham Park
Sold Jan 05, 2018
$550,000
$410,000 by Branch Banking And Trust Co
Mortgage Due Feb 01, 2033
Sold May 11, 2015
$530,000
601 Chancery Place has been categorized by the local assessors in Greensboro, NC as a residential type of property. The building on the property was first built in 1925 and is 99 years old. However, we must point out that the home was most recently renovated and altered in 2006. The home has a total of 4 bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 601 Chancery Place has 3,448 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 finished improved basement that is 500 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 linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 900 ft. The area measurement of the land has been determined as 13,068 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 460 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of stucco. 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. There is a single fireplace in the home. Perfect for those wintery nights. 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, 601 Chancery Place sold most recently in Dec 11, 2017 for a total of $550,000. If you work out the math, that's approximately a cost of $159.51 per sqft. Before that, the property was also sold for $530,000 in May 11, 2015. 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 $7,835 in taxes each year. 601 Chancery Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $574,800. If we break it down further, the land itself was valued at $150,000. Improvements to the property, however, were assessed at a total of $424,800. 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.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: 1925
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Quality: B
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 500
  • Garage Type: Carport
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 900
  • Total Building Area: 3,448
  • Gross Building Area: 3,448
  • Building Area: 3,448
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,448
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LATHAM PARK
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 122 & PT 121 PB 6-179 LATHAM PARK PL6-179

Ownership

  • Current Owner : SMITH GREGORY P
  • Current Owner 2: SMITH MARTHA B
  • Previous Owner : PEDERSEN PALLE
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Guilford County Schools
  • Census Tract: 010404

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: MAP 7865531294
  • District: 00
  • Parcel: 0007139
  • Block: 400
  • Lot: 122,1
  • Municipality: MOREHEAD/GILMER
  • Latitude: 36.0918
  • Longitude: -79.7947

    Address

  • Full Address: 601 Chancery Pl
  • Address - House Number: 601
  • Address - Street Name: Chancery
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Greensboro
  • Carrier Code: C003
  • 4-Digit Zip Code: 7509
  • Zip Code: 27408

Valuation

    Tax

  • Total Area: 2,846
  • Tax Year: 2023
  • Tax Amount: $7,835

    Appraisal Valuation

  • Standard Deviation: 0.2022
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 72
  • Final Value: 824,805
  • High Value: 991,581
  • Low Value: 658,028

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $410,000
  • First Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Open Lien Mortgage Recording Date: Jan 05, 2018
  • First Open Lien Mortgage Loan Amount: $410,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2033

    Market Valuation

  • Market Total Value: $574,800
  • Market Land Value: $150,000
  • Market Improvement Value: $424,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $574,800
  • Assessed Land Value: $150,000
  • Assessed Improvements Value: $424,800

    Sales

  • Current Sale Contract Date: Dec 11, 2017
  • Current Sale Recording Date: Jan 05, 2018
  • Current Sale Transaction ID: 11366764214
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018000664
  • Previous Sale Recording Date: May 11, 2015
  • Previous Sale Contract Date: May 11, 2015
  • Previous Sale Amount: $530,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: Jan 05, 2018
  • First Mortgage Loan Amount: $410,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2033

About Latham Park



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Frequently Asked Questions

What neighborhood is 601 Chancery Place located in?
The 601 Chancery Place is a located in the neighborhood of Latham Park in Latham Park, Greensboro.
What is the average sales price for listings in 601 Chancery Place?
The average sales price for units in 601 Chancery Place is $0 currently.

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