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704 Cotton Grove Road

704 Cotton Grove Road, Lexington, NC 27292
Property in Davidson
Sold May 03, 2005
$92,500
$85,000 by Lexington State Bank
Mortgage
Sold Apr 01, 1986
$12,500
Local assessors in Lexington, NC have categorized 704 Cotton Grove Road as a residential type of property. The home was built in 1989 and is 35 years old. It was most recently renovated and altered in 2008. The property's lot size has been calculated to be 12,325 square feet. The linear feet between the front and back of the lot was measured at 1,450 ft and the front of the lot was measured at 850 ft. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. 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 704 Cotton Grove Road has a total of 1,200 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 frame 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 - C. The building has a wood truss style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on central air conditioning for their cooling system. The home's a forced air unit 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. The property was last sold in May 2, 2005 for $92,500. That's $77.08 per sqft. Prior to that sales transaction, the property was also sold in Apr 1, 1986 for $12,500. 704 Cotton Grove Road was last assessed in 2023. The total value of the property was assessed at $90,340. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,183. The initial tax year of delinquency was in 2022. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 2008
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Wood truss
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,325
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,200
  • Gross Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,200
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.283
  • Standard Land Use Code: Parcels with improvements, use not specified
  • Legal Description 1: P=7-92&1-15 B7 L10 BK1608-638

Ownership

  • Current Owner : TATE FRANK BERNARD
  • Current Owner 2: TATE RHONDA B
  • Previous Owner : WARD SHARON R

Neighborhood

  • School District Name: Lexington City Schools
  • School Tax School District: C
  • School Tax District Code 2: CI07
  • School Tax District Code 3: CI07
  • Census Tract: 061501

Zoning

  • Zoning: TN

Geography

  • Assessors Map Reference: MAP 158
  • Account Number: 9078366
  • District: 11
  • Parcel: 11-158-0-007-0010
  • Municipality: LEXINGTON
  • Latitude: 35.8043
  • Longitude: -80.2628

    Address

  • Full Address: 704 Cotton Grove Rd
  • Address - House Number: 704
  • Address - Street Name: Cotton Grove
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Lexington
  • Carrier Code: C014
  • 4-Digit Zip Code: 3824
  • Zip Code: 27292

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,183
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 72
  • Final Value: 123,469
  • High Value: 140,277
  • Low Value: 106,660

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $85,000
  • First Open Lien Mortgage Lender: LEXINGTON STATE BANK
  • First Open Lien Mortgage Recording Date: May 03, 2005
  • First Open Lien Mortgage Loan Amount: $85,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $90,340
  • Market Land Value: $12,500
  • Market Improvement Value: $77,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,340

    Sales

  • Current Sale Contract Date: May 02, 2005
  • Current Sale Recording Date: May 03, 2005
  • Current Sale Transaction ID: 1115564459
  • Current Sale Price: $92,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0012038
  • Previous Sale Recording Date: Apr 01, 1986
  • Previous Sale Contract Date: Apr 01, 1986
  • Previous Sale Amount: $12,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LEXINGTON STATE BANK
  • First Mortgage Transaction Date: May 03, 2005
  • First Mortgage Loan Amount: $85,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Lexington



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Frequently Asked Questions

What neighborhood is 704 Cotton Grove Road located in?
The 704 Cotton Grove Road is a located in the neighborhood of Davidson in Lexington, Lexington.
What is the average sales price for listings in 704 Cotton Grove Road?
The average sales price for units in 704 Cotton Grove Road is $0 currently.

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