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7315 Cottonwood Lane

7315 Cottonwood Lane, Bismarck, ND 58503
Sold Jun 17, 2022
$350,000
$339,500 by Gate City Bank
Mortgage Due Jul 01, 2052
Sold Mar 25, 2008
$199,900
$189,900 by Wells Fargo Bank Na
Mortgage Due Apr 01, 2038
Local assessors in Bismarck, ND have categorized 7315 Cottonwood Lane as a residential type of property. The home was built in 1983 and is 41 years old. The property's lot size has been calculated to be 39,204 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split foyer style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. If we look only at the heated or air conditioned part of the building, then 7315 Cottonwood Lane has a total of 1,408 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. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. The building has a dome style roof that was made of asphalt. While the walls in the interior have been made of plaster. The home's a heating system is the primary heating source. 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, 7315 Cottonwood Lane sold most recently in Jun 17, 2022 for a total of $350,000. If you work out the math, that's approximately a cost of $248.58 per sqft. Before that, the property was also sold for $199,900 in Mar 25, 2008. 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 $2,417 in taxes each year. 7315 Cottonwood Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $149,750. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1983
  • Effective Year Built: 1983
  • Total Rooms: 8
  • Bedroom Count: 4
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Split foyer
  • Interior Walls Type: Plaster
  • Roof Shape Type: Dome
  • Roof Cover Type: Asphalt
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 39,204
  • Total Building Area: 1,408
  • Building Area: 1,408
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,408
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVERSIDE
  • Land Acres: 0.9
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PONDEROSA RIVERSIDE VLG BLOCK 05 L11 & L12 687241

Ownership

  • Current Owner : HORNER LORA L
  • Current Owner 2: SCHELL ZACHARY D
  • Previous Owner : MANDAL RICK E
  • Owner Before Previous Owner: COLE LESLIE K
  • Owner Before Previous Owner 2: COLE THERESA L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Bismarck Public School District 1
  • Census Tract: 011105

Geography

  • District: 3101BI
  • Parcel: 31-139-81-72-05-110
  • Block: 5
  • Lot: 11-12
  • Municipality: BURNT CREEK
  • Latitude: 46.8843
  • Longitude: -100.884

    Address

  • Full Address: 7315 Cottonwood Ln
  • Address - House Number: 7315
  • Address - Street Name: Cottonwood
  • Address - Suffix Type: Ln
  • State: ND
  • City Name: Bismarck
  • Carrier Code: R034
  • 4-Digit Zip Code: 9141
  • Zip Code: 58503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,417

    Appraisal Valuation

  • Standard Deviation: 0.1344
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 381,238
  • High Value: 432,479
  • Low Value: 329,997

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $339,500
  • First Open Lien Mortgage Lender: GATE CITY BANK
  • First Open Lien Mortgage Recording Date: Jun 17, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $339,500
  • 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, 2052

    Market Valuation

  • Market Total Value: $299,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $149,750

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Jun 17, 2022
  • Current Sale Transaction ID: 11890157678
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 944058
  • Previous Sale Recording Date: Mar 25, 2008
  • Previous Sale Contract Date: Mar 25, 2008
  • Previous Sale Amount: $199,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATE CITY BANK
  • First Mortgage Transaction Date: Jun 17, 2022
  • First Mortgage Loan Amount: $339,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Mar 25, 2008
  • Previous Mortgage Loan Amount: $189,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2038

About Ponderosa Riverside Village



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Frequently Asked Questions

What neighborhood is 7315 Cottonwood Lane located in?
The 7315 Cottonwood Lane is a located in the neighborhood of Ponderosa Riverside Village in Ponderosa Riverside Village, Bismarck.
What is the average sales price for listings in 7315 Cottonwood Lane?
The average sales price for units in 7315 Cottonwood Lane is $0 currently.

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