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720 Timberlands Drive

720 Timberlands Drive, Louisburg, NC 27549
Property in Franklin
Sold Apr 17, 2017
$129,500
$111,925 by North State Bank
Mortgage Due May 01, 2047
Sold Apr 25, 2005
$134,000
$107,000 by Mortgageit Inc
Mortgage Due May 01, 2035
720 Timberlands Drive in Louisburg, NC was first built in 1996 and is 28 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a raised ranch style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 720 Timberlands Drive has 1,456 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,456 sqft and has been categorized as a building with no basement. In total, the area measurement of the land is 92,347 square feet.

Learn more about the property and building on this page. There is a porch. The home has a gable style roof made of asphalt. Water for the property is sourced from a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 720 Timberlands Drive sold most recently in Apr 10, 2017 for a total of $129,500. If you work out the math, that's approximately a cost of $88.94 per sqft. Before that, the property was also sold for $134,000 in Apr 22, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,598 in taxes each year. 720 Timberlands Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $168,930. If we break it down further, the land itself was valued at $61,160. Improvements to the property, however, were assessed at a total of $107,770. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Raised Ranch
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 1,456
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 92,347
  • Total Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,456
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: TIMBERLANDS LOT
  • Land Acres: 2.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PRF 3 SL 91/92

Ownership

  • Current Owner : STOBO ROBERT D
  • Previous Owner : JAGO PAUL
  • Previous Owner 2: JAGO NELDA
  • Owner Before Previous Owner: CALHOUN DOUGLAS R
  • Owner Before Previous Owner 2: CALHOUN SHERRI E
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Franklin County Schools
  • Census Tract: 060502

Zoning

  • Zoning: FCO R-30

Geography

  • District: 103
  • Parcel: 027226
  • Lot: 54
  • Municipality: YOUNGSVILLE
  • Latitude: 36.0373
  • Longitude: -78.3958

    Address

  • Full Address: 720 Timberlands Dr
  • Address - House Number: 720
  • Address - Street Name: Timberlands
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Louisburg
  • Carrier Code: R007
  • 4-Digit Zip Code: 8776
  • Zip Code: 27549

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,598
  • Tax Rate Code Area: YGSF

    Appraisal Valuation

  • Standard Deviation: 0.2397
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 66
  • Final Value: 309,051
  • High Value: 383,145
  • Low Value: 234,957

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $111,925
  • First Open Lien Mortgage Lender: NORTH STATE BANK
  • First Open Lien Mortgage Recording Date: Apr 17, 2017
  • First Open Lien Mortgage Loan Amount: $111,925
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2047

    Market Valuation

  • Market Total Value: $168,930
  • Market Land Value: $61,160
  • Market Improvement Value: $107,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,930
  • Assessed Land Value: $61,160
  • Assessed Improvements Value: $107,770

    Sales

  • Current Sale Contract Date: Apr 10, 2017
  • Current Sale Recording Date: Apr 17, 2017
  • Current Sale Transaction ID: 1807294698
  • Current Sale Price: $129,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Apr 25, 2005
  • Previous Sale Contract Date: Apr 22, 2005
  • Previous Sale Amount: $134,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTH STATE BANK
  • First Mortgage Transaction Date: Apr 17, 2017
  • First Mortgage Loan Amount: $111,925
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGEIT INC
  • Previous Mortgage Transaction Date: Apr 25, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $107,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: May 01, 2035

About Franklin



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Frequently Asked Questions

What neighborhood is 720 Timberlands Drive located in?
The 720 Timberlands Drive is a located in the neighborhood of Franklin in Franklin, Louisburg.
What is the average sales price for listings in 720 Timberlands Drive?
The average sales price for units in 720 Timberlands Drive is $0 currently.

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