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550 Lake Gaston Drive

550 Lake Gaston Drive, Fuquay Varina, NC 27526
Property in South Lakes
Sold Oct 17, 2013
$265,000
$212,000 by Bank Of America Na
Mortgage Due Nov 01, 2028
Sold Jan 11, 2013
$30,000
550 Lake Gaston Drive has been categorized by the local assessors in Fuquay Varina, NC as a residential type of property. The building on the property was first built in 2013 and is 11 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 550 Lake Gaston Drive has 2,616 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 7,405 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

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 garage for those who require parking. The garage measured 462 sqft. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 550 Lake Gaston Drive was last sold in Oct 17, 2013 for $265,000. According to our calculations, that's $101.30 per sqft. Prior to that sales transaction, the property was sold for $30,000 in Jan 8, 2013. Current property owners are expected to pay $3,330 in taxes per year. The property on 550 Lake Gaston Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $316,892. To break that down further, the land itself was valued at $42,000. While improvements to the property were assessed at a total of $274,892. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 462
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,616
  • Building Area: 2,616
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,616
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTH LAKES
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO32 SOUTH LAKES BM2007-00457

Ownership

  • Current Owner : HANSON LLOYD G
  • Current Owner 2: HANSON KAY A
  • Previous Owner : SOLID ROCK CONSTRUCTION OF NC INC
  • Owner Before Previous Owner: REDUS NC ALL LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053108

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: BK 2007 PG 457
  • Account Number: 0356903
  • District: 12
  • Parcel: 0676.03-34-2057 0356903
  • Lot: 32
  • Municipality: MIDDLE CREEK
  • Latitude: 35.5744
  • Longitude: -78.7536

    Address

  • Full Address: 550 Lake Gaston Dr
  • Address - House Number: 550
  • Address - Street Name: Lake Gaston
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Fuquay Varina
  • Carrier Code: R010
  • 4-Digit Zip Code: 3931
  • Zip Code: 27526

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,330

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 547,551
  • High Value: 615,327
  • Low Value: 479,775

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $312,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Oct 17, 2013
  • First Open Lien Mortgage Loan Amount: $212,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2028
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Mar 20, 2019
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 09, 2049

    Market Valuation

  • Market Total Value: $316,892
  • Market Land Value: $42,000
  • Market Improvement Value: $274,892

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $316,892
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $274,892

    Sales

  • Current Sale Contract Date: Oct 17, 2013
  • Current Sale Recording Date: Oct 17, 2013
  • Current Sale Transaction ID: 1129556733
  • Current Sale Price: $265,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 11, 2013
  • Previous Sale Contract Date: Jan 08, 2013
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Oct 17, 2013
  • First Mortgage Loan Amount: $212,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2028

About South Lakes



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Frequently Asked Questions

What neighborhood is 550 Lake Gaston Drive located in?
The 550 Lake Gaston Drive is a located in the neighborhood of South Lakes in South Lakes, Fuquay Varina.
What is the average sales price for listings in 550 Lake Gaston Drive?
The average sales price for units in 550 Lake Gaston Drive is $0 currently.

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