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716 Lakedale Road

716 Lakedale Road, Colfax, NC 27235
Property in Guilford
Sold Jul 06, 2023
$255,000
$250,381 by Cmg Mortgage, Inc.
Mortgage Due Aug 01, 2053
Sold Dec 16, 2022
$93,000
Local assessors in Colfax, NC have categorized 716 Lakedale Road as a residential type of property. The home was built in 1968 and is 56 years old. It was most recently renovated and altered in 1981. The property's lot size has been calculated to be 21,344 square feet. The linear feet between the front and back of the lot was measured at 2,010 ft and the front of the lot was measured at 1,020 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown 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, 3 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 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 716 Lakedale Road has a total of 1,249 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. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. 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 or hip style roof that was made of asphalt. Lots of brick 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. As for flooring, was the material of choice during construction. Residents rely on no air conditioning for their cooling system. The home's baseboard heaters is the primary heating source and it is being fueled with oil. 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, 716 Lakedale Road sold most recently in Jul 6, 2023 for a total of $255,000. If you work out the math, that's approximately a cost of $204.16 per sqft. Before that, the property was also sold for $93,000 in Dec 15, 2022. 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 $1,124 in taxes each year. 716 Lakedale Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $132,300. If we break it down further, the land itself was valued at $55,000. Improvements to the property, however, were assessed at a total of $77,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1968
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Unknown
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 21,344
  • Lot Size Depth Feet: 2,010
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 1,249
  • Gross Building Area: 1,249
  • Building Area: 1,249
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 1,249
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VALLEY DALE ACRES
  • Land Acres: 0.49
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 34 PB 29-12 VALLEY DALE ACRES PL29-12

Ownership

  • Current Owner : COBB CAMERON ELIZABETH
  • Previous Owner : 716 LAKEDALE LLC
  • Owner Before Previous Owner: BAILEY BRANDI JONES
  • Owner Before Previous Owner 2: BAILEY MARK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Guilford County Schools
  • School Tax School District: COLFAX
  • Census Tract: 016203

Zoning

  • Zoning: RS-40

Geography

  • Assessors Map Reference: S7080-A-1158
  • Account Number: 4067789001
  • District: 17
  • Parcel: 0171118
  • Block: 11580
  • Lot: 34
  • Meridian: TWN 17
  • Municipality: DEEP RIVER
  • Latitude: 36.0832
  • Longitude: -80.0024

    Address

  • Full Address: 716 Lakedale Rd
  • Address - House Number: 716
  • Address - Street Name: Lakedale
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Colfax
  • Carrier Code: R004
  • 4-Digit Zip Code: 9606
  • Zip Code: 27235

Valuation

    Tax

  • Total Area: 1,256
  • Tax Year: 2022
  • Tax Amount: $1,124
  • Tax Rate Code Area: 88

    Appraisal Valuation

  • Standard Deviation: 0.199
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 73
  • Final Value: 237,528
  • High Value: 284,798
  • Low Value: 190,259

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,381
  • First Open Lien Mortgage Lender: CMG MORTGAGE, INC.
  • First Open Lien Mortgage Recording Date: Jul 06, 2023
  • First Open Lien Mortgage Loan Amount: $250,381
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2053

    Market Valuation

  • Market Total Value: $132,300
  • Market Land Value: $55,000
  • Market Improvement Value: $77,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $132,300
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $77,300

    Sales

  • Current Sale Contract Date: Jul 06, 2023
  • Current Sale Recording Date: Jul 06, 2023
  • Current Sale Transaction ID: 11908899700
  • Current Sale Price: $255,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 30446
  • Previous Sale Recording Date: Dec 16, 2022
  • Previous Sale Contract Date: Dec 15, 2022
  • Previous Sale Amount: $93,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE, INC.
  • First Mortgage Transaction Date: Jul 06, 2023
  • First Mortgage Loan Amount: $250,381
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2053

About Guilford



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Frequently Asked Questions

What neighborhood is 716 Lakedale Road located in?
The 716 Lakedale Road is a located in the neighborhood of Guilford in Guilford, Colfax.
What is the average sales price for listings in 716 Lakedale Road?
The average sales price for units in 716 Lakedale Road is $0 currently.

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