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636 Legacy Falls Drive South

636 Legacy Falls Drive South, Chapel Hill, NC 27517
Property in Chatham
Sold Jun 29, 2020
$525,000
$420,000 by M/i Financial Llc
Mortgage Due Jul 01, 2050
Local assessors in Chapel Hill, NC have categorized 636 Legacy Falls Drive South as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 11,064 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. 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, 5 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 5 full bathrooms. There are also 6 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 636 Legacy Falls Drive South has a total of 3,731 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. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. 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 - B+. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 636 Legacy Falls Drive South was last sold in Jun 29, 2020 for $525,000. According to our calculations, that's $140.71 per sqft. Current property owners are expected to pay $4,143 in taxes per year. The property on 636 Legacy Falls Drive South was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $509,641. To break that down further, the land itself was valued at $94,050. While improvements to the property were assessed at a total of $415,591. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Quality: B+
  • Construction Type: Wood
  • Building Style: Conventional
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,064
  • Total Building Area: 3,731
  • Building Area: 3,731
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,731
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LEGACY AT JORDAN LAKE
  • Land Acres: 0.254
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 365 AC 0.25400001 BK 2018 PG 279

Ownership

  • Current Owner : SCHMIDT SUSAN A
  • Current Owner 2: SCHMIDT KEVIN
  • Previous Owner : M I HOMES OF RALEIGH LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School Tax School District: NORTH CHATHAM F
  • Census Tract: 020104

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MB 2018 MP 279
  • Account Number: 1371271
  • District: 11
  • Parcel: 0092464
  • Block: 11
  • Lot: 365
  • Municipality: NEW HOPE
  • Latitude: 35.7587
  • Longitude: -79.0633

    Address

  • Full Address: 636 Legacy Falls Dr S
  • Address - House Number: 636
  • Street Segment Direction: S
  • Address - Street Name: Legacy Falls
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: R042
  • 4-Digit Zip Code: 9610
  • Zip Code: 27517

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,143
  • Tax Rate Code Area: 107

    Appraisal Valuation

  • Standard Deviation: 0.1811
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 76
  • Final Value: 799,299
  • High Value: 944,070
  • Low Value: 654,528

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $420,000
  • First Open Lien Mortgage Lender: M/I FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Jun 29, 2020
  • First Open Lien Mortgage Loan Amount: $420,000
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $509,641
  • Market Land Value: $94,050
  • Market Improvement Value: $415,591

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $509,641
  • Assessed Land Value: $94,050
  • Assessed Improvements Value: $415,591

    Sales

  • Current Sale Contract Date: Jun 29, 2020
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Transaction ID: 11771894163
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7430

    Last Sale Mortgage

  • First Mortgage Lender: M/I FINANCIAL LLC
  • First Mortgage Transaction Date: Jun 29, 2020
  • First Mortgage Loan Amount: $420,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

About Chatham



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Frequently Asked Questions

What neighborhood is 636 Legacy Falls Drive South located in?
The 636 Legacy Falls Drive South is a located in the neighborhood of Chatham in Chatham, Chapel Hill.
What is the average sales price for listings in 636 Legacy Falls Drive South?
The average sales price for units in 636 Legacy Falls Drive South is $0 currently.

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