NOT LISTED FOR SALE

324 Lake Dr Archdale, NC 27263

Estimated Value: $189,000 - $244,000

3 Beds
1 Bath
1,664 Sq Ft
$127/Sq Ft Est. Value

Last Sold January 09, 2014

Last sale price $41,235 $25 Per Sq Ft

Est. 411% increase in value since last sale

Current estimated payment $1,174/month

59 Days on Market

Highlights

  • No HOA
  • Archdale Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of January 2014

381-747081(IE$2200)Sqft1632 HUD OWNED.AS IS W/O repairs or warranties. HUDHOMESTORE for Property Condition Report, environmental concerns, if any, and required contract and addenda. Agents with active NAID#s can submit offers at HUDHOMESTORE.com. All info believed accurate, but should be verified by buyer. FHA borrowers may qualify for $100 down payment. FHA 203k renovation loan for qualified property and owner-occpnt. LOCKBOX&SHOWING INFO PLEASE CONTACT LISTING BOOK.THIS IS AN EQUAL HOUSING Opportunity.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $993

Year Built

  • Built in 1950

Lot Details

  • 0.35 Acre Lot
  • Property is zoned R10T

Parking

  • No Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,664 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Lake Terrace Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7708783846
  • 993% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$993

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Subdivision Name: Lake Terrace Park
  • Directions: I-85 S, exit toward Highway 62,Keep left at the fork to continue toward NC-62 S/?Liberty Rd,exit 113 toward Archdale,Merge onto NC-62 S/?Liberty Rd,right onto Lake Dr
  • Above Grade Finished Sq Ft: 1664
  • Architectural Style: Ranch
  • Unit Levels: One
  • Year Built: 1950
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1664
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 1664
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: No Garage
  • Garage Description: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Oil
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Oil
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 7708783846
  • Zoning: R10T

Tax Info

  • Tax Annual Amount: 992.73
  • Tax Year: 2012
  • TRIADMLS_TaxRate: 993

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2013
Closed on
Jan 7, 2014
Sold by
Secretary Of Hud
Bought by
Khan Rizwan and Khan Shaista Jabeen
List Price
$60,000
Sold Price
$41,235
Premium/Discount to List
-$18,765
-31.28%
Current Estimated Value
$210,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,572
Avg. Annual Appreciation
14.70%

Purchase Details

Closed on
Sep 4, 2013
Sold by
Martin Wendy A and Martin John B
Bought by
Secretary Of Hud

Purchase Details

Closed on
Sep 3, 2004
Sold by
Motley Peggy O
Bought by
Martin John B and Martin Wendy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,402
Interest Rate
6.01%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 5, 1989
Bought by
Khan Rizwankhan Shaista Jabeen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Khan Rizwan -- None Available
Secretary Of Hud $98,282 None Available
Martin John B $97,000 --
Khan Rizwankhan Shaista Jabeen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin John B $95,402
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2014 01/09/14 Sold $41,235 -31.3% $25 / Sq Ft
12/13/2013 12/13/13 Pending -- -- --
10/14/2013 10/14/13 For Sale $60,000 -- $36 / 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
2025 $767 $147,370 $36,340 $111,030
2024 $1,518 $147,370 $36,340 $111,030
2023 $1,518 $147,370 $36,340 $111,030
2022 $586 $98,930 $22,600 $76,330
2021 $1,172 $98,930 $22,600 $76,330
2020 $1,146 $98,930 $22,600 $76,330
2019 $1,146 $98,930 $22,600 $76,330
2018 $1,040 $87,590 $21,850 $65,740
2016 $1,020 $87,591 $21,850 $65,741
2015 $1,022 $87,591 $21,850 $65,741
2014 $1,022 $87,591 $21,850 $65,741
Source: Public Records

Map

Source: Triad MLS

MLS Number: 687599

Triad MLS

APN: 7708-78-3846

North Carolina Randolph County Archdale 27263

324 Lake Dr, Archdale, NC

Not Listed for Sale

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