NOT LISTED FOR SALE

1103 Lake Michael Way Mebane, NC 27302

Estimated Value: $341,102 - $382,000

3 Beds
2 Baths
1,606 Sq Ft
$225/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $269,000 $167 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,385/month

34 Days on Market

Highlights

  • Cathedral Ceiling
  • Attic
  • Attached Garage
  • Wood Flooring
  • Granite Countertops
  • Cooling Available

About This Home

As of December 2020

Relax and enjoy the ease of this beautiful ranch style, 3 bedroom/2 bath townhome in the lovely Village of Lake Michael. Upgrades include a stunning gas fireplace, plantation shutters, hardwoods in main living area, upgraded kitchen with white cabinets, granite counters, stainless appliances. Quartz counter in master bath, pocket door to laundry room, expanded patio, age-in-place design... everything has been thoughtfully planned. Near the community pool and clubhouse, and adjacent to Lake Michael Park.

Last Agent to Sell the Property

Elizabeth Peele

Fathom Realty NC, LLC License #282140 Listed on: 10/17/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,641

Year Built

  • 2018

Lot Details

  • 2,761 Sq Ft Lot
  • Landscaped
  • Rectangular Lot
  • Irrigation Equipment
  • Zoning described as Mebane

HOA Fees

  • $168 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Cathedral Ceiling
  • Pull Down Stairs to Attic
  • Home Security System
  • Washer Hookup

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Cooling Available
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9825571217

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,641

Year Built

2018

Lot Details

0

HOA Fees

$168 per month

Listing Details

  • Prop. Type: Residential
  • Lot Size Acres: 0.06
  • Directions: From downtown Mebane, Center St., N 5th St., right on Brown St/Lebanon Rd, right on Lake Michael Way, home is on the left past the pool/clubhouse
  • Architectural Style: Ranch
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2018
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Oven
  • Other Equipment: Irrigation Equipment
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Wood
  • Interior Amenities: Attic, Cathedral Ceiling(s), Granite Counters, Other, Pull Down Attic Stairs

Exterior Features

  • Lot Features: Landscaped, Rectangular Lot
  • Construction Type: Stone, Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: Attached

Utilities

  • Laundry Features: Washer Hookup
  • Security: Security System
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association Fee: 168.0
  • Association Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 2761.0
  • Parcel #: 9825571217
  • Zoning Description: Mebane

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2020
Closed on
Nov 25, 2020
Sold by
Marshall Frank S and Marshall Wanda G
Bought by
Olivieri Jeanmarie and Markward Marie B
Seller's Agent
Elizabeth Peele
Fathom Realty NC, LLC
List Price
$266,000
Sold Price
$269,000
Premium/Discount to List
$3,000
1.13%
Current Estimated Value
$362,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,026
Avg. Annual Appreciation
6.32%
Original Mortgage
$249,000
Outstanding Balance
$221,575
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$140,451

Purchase Details

Closed on
Jun 8, 2018
Sold by
Mebane Town Homes Llc
Bought by
Marshall Frank S and Marshall Wanda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Olivieri Jeanmarie $269,000 None Available
Marshall Frank S $237,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olivieri Jeanmarie $249,000
Previous Owner Marshall Frank S $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $269,000 +1.1% $167 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
10/17/2020 10/17/20 For Sale $266,000 -- $166 / Sq Ft
Source: Alamance Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,641 $352,000 $110,000 $242,000
2024 $2,889 $234,300 $40,000 $194,300
2023 $2,919 $234,300 $40,000 $194,300
2022 $3,143 $234,300 $40,000 $194,300
2021 $3,114 $234,300 $40,000 $194,300
2020 $2,566 $184,700 $10,000 $174,700
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Elizabeth Peele

    Fathom Realty NC, LLC

See All Agents

Map

Source: Alamance Multiple Listing Service

MLS Number: 112358

APN: 9825571217

North Carolina Orange County Mebane 27302

1103 Lake Michael Way, Mebane, NC

This home is located at 1103 Lake Michael Way, Mebane, NC 27302 since 17 October 2020 and is currently estimated at $362,026, approximately $225 per square foot. This property was built in 2018. 1103 Lake Michael Way is a home located in Orange County with nearby schools including Efland Cheeks Elementary School, Gravelly Hill Middle, and Bradford Academy.

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