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7516 Norcross Drive

7516 Norcross Drive, Frisco, TX 75034
Sold Oct 28, 2019
$437,300
$348,400 by North American Savings Bank Fs
Mortgage Due Apr 01, 2051
Sold Dec 11, 2009
$225,300
$180,268 by Mth Funding Lp
Mortgage Due Jan 01, 2025
7516 Norcross Drive has been categorized by the local assessors in Frisco, TX as a residential type of property. The building on the property was first built in 2009 and is 15 years old. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7516 Norcross Drive has 4,643 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 11,363 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 806 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of brick veneer. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 7516 Norcross Drive sold most recently in Oct 25, 2019 for a total of $437,300. If you work out the math, that's approximately a cost of $80.25 per sqft. Before that, the property was also sold for $225,300 in Dec 10, 2009. 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 $10,229 in taxes each year. 7516 Norcross Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $620,246. If we break it down further, the land itself was valued at $180,732. Improvements to the property, however, were assessed at a total of $705,187. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Exterior

Brick Exterior

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 806
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 11,363
  • Total Building Area: 5,449
  • Gross Building Area: 5,449
  • Building Area: 4,643
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,643
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VILLAGE LAKES PH 1
  • Land Acres: 0.261
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VILLAGE LAKES PH 1 BLK B LOT 9

Ownership

  • Current Owner : SORGEN JIAJIA
  • Current Owner 2: SORGEN MICHAEL
  • Previous Owner : SIMON SCOTT
  • Previous Owner 2: SIMON JULIANA
  • Owner Before Previous Owner: MERITAGE HOMES OF TEXAS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Frisco Independent School District
  • Census Tract: 021538

Geography

  • Assessors Map Reference: 566-M
  • Parcel: R534548
  • Block: B
  • Lot: 9
  • Municipality: FRISCO
  • Latitude: 33.1416
  • Longitude: -96.8599

    Address

  • Full Address: 7516 Norcross Dr
  • Address - House Number: 7516
  • Address - Street Name: Norcross
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Frisco
  • Carrier Code: R078
  • 4-Digit Zip Code: 0386
  • Zip Code: 75034

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,229
  • Tax Rate Code Area: S06

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 912,424
  • High Value: 1,098,438
  • Low Value: 726,409

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $348,400
  • First Open Lien Mortgage Lender: NORTH AMERICAN SAVINGS BANK FS
  • First Open Lien Mortgage Recording Date: Apr 23, 2021
  • First Open Lien Mortgage Loan Amount: $348,400
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $885,919
  • Market Land Value: $180,732
  • Market Improvement Value: $705,187

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $620,246
  • Assessed Land Value: $180,732
  • Assessed Improvements Value: $705,187

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 25, 2019
  • Current Sale Recording Date: Oct 28, 2019
  • Current Sale Transaction ID: 11670431397
  • Current Sale Price: $437,300
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 2019-136868
  • Previous Sale Recording Date: Dec 11, 2009
  • Previous Sale Contract Date: Dec 10, 2009
  • Previous Sale Amount: $225,300
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: REDFIN MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 28, 2019
  • First Mortgage Loan Amount: $349,875
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: MTH FUNDING LP
  • Previous Mortgage Transaction Date: Dec 11, 2009
  • Previous Mortgage Loan Amount: $180,268
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2025

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Frequently Asked Questions

What neighborhood is 7516 Norcross Drive located in?
The 7516 Norcross Drive is a house located in the neighborhood of Village Lakes in Village Lakes, Frisco.
What is the average sales price for listings in 7516 Norcross Drive?
The average sales price for units in 7516 Norcross Drive is $0 currently.

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