NOT LISTED FOR SALE

122 Drake Ln Lexington, NC 27295

Estimated Value: $365,324 - $393,000

3 Beds
3 Baths
2,200 Sq Ft
$170/Sq Ft Est. Value

Last Sold September 29, 2020

Last sale price $235,000 $107 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,154/month

6 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 2 Car Garage
  • Outdoor Storage
  • Ceiling Fan
  • Level Lot

About This Home

As of September 2020

Situated on a cul-de-sac, you'll find this spacious and move-in-ready split foyer on nearly an acre, ready for you and your crew in Lanie Creek neighborhood. Spread out with beautifully finished bonus space in the lower level, featuring bonus, extra room & full bath, ideal for an in-law suite, office, or no-steps-required living area. Master suite w/ double tray ceiling, walk-in closet, separate tub, shower, and dual vanity. Deck overlooks large, level and cleared backyard with storage building to convey.

Last Agent to Sell the Property

Ashley Lay

Keller Williams Realty Elite License #241871 Listed on: 08/11/2020

Keller Williams Realty Elite

Last Buyer's Agent

Diane Barber

Village Realty License #142393

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,256

Year Built

  • Built in 2007

Lot Details

  • 0.8 Acre Lot
  • Level Lot
  • Cleared Lot

Parking

  • 2 Car Garage
  • Side Facing Garage
  • Driveway

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,012 Sq Ft Home
  • 1,800-2,200 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Pull Down Stairs to Attic
  • Dryer Hookup

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Outdoor Storage

Schools

  • North Davidson Middle School
  • North Davidson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Lanie Creek Subdivision

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 11317G0000038000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,256

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.8
  • Subdivision Name: Lanie Creek
  • Directions: US 52 S, Exit 92 for US-8 toward Lexington, turn Rt onto Arnold Rd, turn Rt onto Leonard Rd, turn Rt onto Lanie Creek Dr, turn Rt onto Drake Lane.
  • Above Grade Finished Sq Ft: 2012
  • Architectural Style: Split Level
  • Unit Levels: Multi/Split
  • Structure Type: House
  • Year Built: 2007
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1800 - 2200
  • TRIADMLS_PorchYN: No
  • TRIADMLS_CityLimitsYN: No
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Living Area: 2012
  • Main Level Bathrooms: 2
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsLower: 1

Exterior Features

  • Fencing: None
  • Lot Features: Cleared, Level
  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Slab
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway, Garage, Paved, Garage Faces Side
  • Garage Description: Lower Level Garage, Side Load Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Forced Air, Electric, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Welcome
  • High School: North Davidson
  • Middle Or Junior School: North Davidson

Lot Info

  • Parcel #: 11317G0000038000
  • Zoning: SFR
  • TRIADMLS_PricePerAcre: 300000
  • TRIADMLS_PlatPage: 36
  • TRIADMLS_DeedPage: 899
  • TRIADMLS_DeedBook: 1950
  • TRIADMLS_PlatBook: 48
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 1256
  • Tax Lot: 38
  • Tax Year: 2020
  • TRIADMLS_TaxRate: 0.6404

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2020
Closed on
Sep 21, 2020
Sold by
Teup Khan K and Teup Maria Singson
Bought by
Adams Seth T and Adams Loretta M
Seller's Agent
Ashley Lay
Keller Williams Realty Elite
Buyer's Agent
Diane Barber
Village Realty
Sold Price
$235,000
Current Estimated Value
$373,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,581
Avg. Annual Appreciation
9.07%
Original Mortgage
$230,743
Outstanding Balance
$207,539
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$152,609

Purchase Details

Closed on
Nov 12, 2009
Sold by
David Settle Builders Llc
Bought by
Singson Maria A and Teup Khan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,449
Interest Rate
4.92%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 11, 2007
Sold by
Davco Developers Llc
Bought by
David Settle Builders Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Adams Seth T $235,000 None Available
Singson Maria A $196,000 None Available
David Settle Builders Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Seth T $230,743
Previous Owner Teup Khan K $167,744
Previous Owner Singson Maria A $192,449
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2020 09/29/20 Sold $235,000 -- $131 / Sq Ft
Source: Triad MLS

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
2024 $1,463 $228,450 $0 $0
2023 $1,463 $228,450 $0 $0
2022 $1,463 $228,450 $0 $0
2021 $1,467 $228,450 $0 $0
2020 $1,256 $196,110 $0 $0
2019 $1,270 $195,430 $0 $0
2018 $1,270 $195,430 $0 $0
2017 $1,270 $195,430 $0 $0
2016 $1,270 $195,430 $0 $0
2015 $1,270 $195,430 $0 $0
2014 $1,286 $200,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 989305

Triad MLS

APN: 11-317-G-000-0038-0-0-0