NOT LISTED FOR SALE

174 Drake Ln Lexington, NC 27295

Estimated Value: $425,000 - $502,000

3 Beds
3.5 Baths
2,940 Sq Ft
$153/Sq Ft Est. Value

Last Sold May 06, 2013

Last sale price $237,000 $81 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,460/month

175 Days on Market

Highlights

  • 1.68 Acre Lot
  • Transitional Architecture
  • No HOA
  • North Davidson Middle School Rated 9+
  • Wood Flooring
  • Porch

About This Home

As of May 2013

Beautiful home on 1.68 acres in northern Davidson county. 3 bedrooms/3.5 baths. Large kitchen with upscale cabinets, granite countertops and tile backsplash. 2nd level has 2 bedrooms, loft, and bonus room. Finished basement with full bath. Lots of storage, two driveways. Easy access to Hwy. 52 and B85.

Last Buyer's Agent

Jamie Harrelson

Berkshire Hathaway Home services License #121601

Berkshire Hathaway Home services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,512

Year Built

  • Built in 2009

Lot Details

  • 1.68 Acre Lot
  • Level Lot
  • Property is zoned RA3

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Transitional Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,940 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Pull Down Stairs to Attic
  • Finished Basement

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer Hookup

Outdoor Features

  • Porch

Schools

  • North Davidson Middle School
  • North Davidson High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Lanie Creek Subdivision

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 11317G0000034000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,512

Year Built

Built in 2009

Lot Details

1.68 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.68
  • Subdivision Name: Lanie Creek
  • Directions: Hwy 52S R Arnold R Leonard R Lanie Creek
  • Above Grade Finished Sq Ft: 2940
  • Architectural Style: Transitional
  • Unit Levels: One and One Half
  • Year Built: 2009
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 854
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2940
  • TRIADMLS_PorchYN: Yes
  • 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, Laminate, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Pantry, Separate Shower
  • Has Basement: Finished, Unfinished, Basement
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Living Area: 2940
  • Main Level Bathrooms: 2
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsLower: 1
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Fencing: None
  • Lot Features: Level
  • Construction Type: Brick, Vinyl Siding
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway, Garage Door Opener, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Main Level
  • Cooling: Central Air
  • Heating: Heat Pump, 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 #: 11317G0000034000
  • Zoning: RA3
  • TRIADMLS_PlatPage: 36
  • TRIADMLS_PlatBook: 48

Tax Info

  • Tax Annual Amount: 1512
  • Tax Lot: 34
  • Tax Map Number: 317
  • Tax Year: 2012
  • TRIADMLS_TaxRate: 0.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2012
Closed on
May 6, 2013
Sold by
Mcdermott Christopher Shawn and Mcdermott Jaehyun Lee
Bought by
Pullium Gaylord Brian and Pullium Lisa J
Buyer's Agent
Jamie Harrelson
Berkshire Hathaway Home services
List Price
$249,950
Sold Price
$237,000
Premium/Discount to List
-$12,950
-5.18%
Current Estimated Value
$449,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,155
Avg. Annual Appreciation
5.13%
Original Mortgage
$50,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2012
Closed on
Apr 14, 2013
Sold by
Hicks Dannie R and Hicks He Hong
Bought by
Mcdermott Christopher Shawn and Mcdermott Jaehyun Lee
Buyer's Agent
Jamie Harrelson
Berkshire Hathaway Home services
List Price
$249,950
Sold Price
$237,000
Premium/Discount to List
-$12,950
-5.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2010
Sold by
Mss Homes Llc
Bought by
Hicks Dannie Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,094
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 9, 2008
Sold by
Davco Developers Llc
Bought by
Mss Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
6.36%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pullium Gaylord Brian $237,000 None Available
Mcdermott Christopher Shawn -- None Available
Hicks Dannie Ray $92,001 None Available
Mss Homes Llc $44,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pullium Gaylord Brian $50,000
Previous Owner Hicks Dannie Ray $182,094
Previous Owner Mss Homes Llc $197,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2013 05/06/13 Sold $237,000 -5.2% $81 / Sq Ft
04/20/2013 04/20/13 Pending -- -- --
10/26/2012 10/26/12 For Sale $249,950 -- $85 / Sq Ft
Source: Triad MLS

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 $1,755 $274,050 $0 $0
2024 $1,755 $274,050 $0 $0
2023 $1,755 $274,050 $0 $0
2022 $1,755 $274,050 $0 $0
2021 $1,755 $274,050 $0 $0
2020 $1,579 $246,620 $0 $0
2019 $1,603 $246,620 $0 $0
2018 $1,603 $246,620 $0 $0
2017 $1,603 $246,620 $0 $0
2016 $1,603 $246,620 $0 $0
2015 $1,603 $246,620 $0 $0
2014 $1,555 $243,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 656528

Triad MLS

APN: 11-317-G-000-0034-0-0-0

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