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7 Banbury Lane

7 Banbury Lane, Chapel Hill, NC 27517
Property in Oxford
Sold Sep 02, 2021
$240,000
$180,000 by Guidance Residential Llc
Mortgage Due Oct 01, 2036
Sold Mar 16, 2015
$205,000
7 Banbury Lane has been categorized by the local assessors in Chapel Hill, NC as a residential type of property. The building on the property was first built in 1975 and is 49 years old. However, we must point out that the home was most recently renovated and altered in 2000. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7 Banbury Lane has 1,876 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 43,560 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The building has a gable style roof made of shingle (not wood). The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 7 Banbury Lane was last sold in Jul 20, 2021 for $240,000. According to our calculations, that's $127.93 per sqft. Prior to that sales transaction, the property was sold for $205,000 in Mar 4, 2015. Current property owners are expected to pay $3,519 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 7 Banbury Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $205,500. While improvements to the property were assessed at a total of $205,500. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1975
  • Effective Year Built: 2000
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Style: Condo
  • Exterior Walls Type: Masonry
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,876
  • Gross Building Area: 2,996
  • Building Area: 1,876
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,876
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OXFORD TOWNHOUSE CONDOMINIUMS
  • Land Acres: 1
  • Standard Land Use Code: Condominium unit (residential)
  • County Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 7 BLDG 2 PH 2 OXFORD TOWNHOUSE CONDO P21/7

Ownership

  • Current Owner : HASSAN MONA
  • Current Owner 2: TUNA MUSTAFA
  • Previous Owner : WU YIN
  • Previous Owner 2: WHITE ETHA ELLIS
  • Owner Before Previous Owner: LAMBERT BRADY L
  • Owner Before Previous Owner 2: LAMBERT MARY B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chapel Hill-Carrboro Schools
  • School Tax School District: CH-CARR SCHOOL
  • Census Tract: 012101

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: 5920/90
  • District: 2
  • Subdivision Phase Number: 2
  • Parcel: 9799-44-7715.007
  • Municipality: CEDAR GROVE
  • Latitude: 35.9337
  • Longitude: -79.0178

    Address

  • Full Address: 7 Banbury Ln
  • Address - House Number: 7
  • Address - Street Name: Banbury
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: C055
  • 4-Digit Zip Code: 2500
  • Zip Code: 27517

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,519
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: CHSC,ORAG,

    Appraisal Valuation

  • Standard Deviation: 0.1986
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 73
  • Final Value: 345,771
  • High Value: 414,446
  • Low Value: 277,096

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: GUIDANCE RESIDENTIAL LLC
  • First Open Lien Mortgage Recording Date: Sep 02, 2021
  • First Open Lien Mortgage Loan Amount: $180,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2036

    Market Valuation

  • Market Total Value: $205,500
  • Market Improvement Value: $205,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,500
  • Assessed Improvements Value: $205,500

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Transaction ID: 11855823806
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 30056236
  • Previous Sale Recording Date: Mar 16, 2015
  • Previous Sale Contract Date: Mar 04, 2015
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUIDANCE RESIDENTIAL LLC
  • First Mortgage Transaction Date: Sep 02, 2021
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Oct 01, 2036

About Oxford



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Frequently Asked Questions

What neighborhood is 7 Banbury Lane located in?
The 7 Banbury Lane is a located in the neighborhood of Oxford in Oxford, Chapel Hill.
What is the average sales price for listings in 7 Banbury Lane?
The average sales price for units in 7 Banbury Lane is $0 currently.

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