RealtyBid - Details for Property - 2957 Lake Dr, Burlington, NC 27217
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2957 Lake Dr

Alamance County, Burlington, NC 27217
Property ID 728533

Details

  • 3 Bedrooms
  • 3 Full Baths
  • 2496 Sq Ft
  • Built in 1963
  • 2 Car Garage
  • FirePlace

Notes and Disclaimers

  • PROPERTY MAY BE OCCUPIED

    Please note that it is unlawful to trespass on this property. Do not disturb tenant.

Contingencies/Terms Offered

PROPERTY MAY BE OCCUPIED. PLEASE NOTE THAT IT IS UNLAWFUL TO TRESPASS ON THIS PROPERTY. DO NOT DISTURB TENANT.

One-Year Forecast

Property + 9.23%
ZIP + 9.23%
Metro + 9.57%

Property Insights

House Ranking: 6

41% of houses appreciate more than 9.15% in this ZIP Code

41% of houses are forecast to appreciate more than 9.23% in this ZIP Code

Historical Growth

  Last Year 10 Year
Property + 9.15% + 88.79%
ZIP + 0.79% +80.34%
Metro + 1.07% +67.14%

Index Tools - Valuation Changes

Below is a line graph of the indexes for this property, its ZIP Code area, and its Metropolitan Statistical Area (MSA). The graph tracks the movement of the property's value, values in the property's ZIP Code area, and values in the property's MSA over time due to market conditions.

Note: The property index does NOT represent the value of the subject home but instead represents the relative value of the home compared to other points in time.

 
Property Changes
 
ZIP Code Changes
 
Metro Changes

View Market Changes By House Using Dynamic Heat Maps

Our heat maps illustrate historic and predicted value trends in the property's ZIP Code area and metro area. Heat maps reveal and forewarn of trends in markets, often showing waves of value changes moving across a geographic area. Each dot represents a home, and its color indicates whether the home is appreciating or depreciating at the time indicated on the map, with green indicating appreciation and red indicating depreciation.

Click the Play button to watch trends unfold over time and into the future.

ZIP Code Area

Metro Area

ValPro - Property Value and Comps

Use interactive ValPro to create your own comps to:
  • understand value of your property and comp properties
  • select and save multiple comps
  • see features that improve or lower value
  • map distance to your property
  • pull maps at street, neighborhood and satellite levels
  • compare Similarity Scores

Properties in color below indicate comps selected.
- Click on a black circle below to add it as a selected comp.
- Click on a colored circle below to remove it as a selected comp.

The confidence score listed below will range between 50 and 100. This calculation is based on how similar the selected comps are to the subject property. The higher the score, the higher the confidence in the estimated valuation.

ZIP Market Segments Analysis

The homes within this ZIP Code have been sorted into four tiers based on the attribute displayed on the selected tab. For example, if the Value tab is selected, the homes are sorted into a low-end tier, a mid-low-end tier, a mid-high-end tier, and a high-end tier. Each tier features a quarter of the homes located within the ZIP Code.



Tier 1
1,025 Sq Ft and less
Tier 2
1,025 - 1,260 Sq Ft
Tier 3
1,260 - 1,600 Sq Ft
Tier 4
1,600 Sq Ft and greater


Tier Comparison By Value Tier

The bar chart below compares the average percentage change in value over the last year and the average forecast percentage change in value for the coming year for the four different comparison tiers.

 
 
Last Year Change
 
Forecast
 

Last Year 1-Year Forecast % Rising
Tier 1 + 11.04% + 9.65% + 98.91%
Tier 2 + 11.28% + 9.64% + 95.77%
Tier 3 + 11.40% + 9.65% + 95.52%
Tier 4 + 11.86% + 9.73% + 96.34%

Percentage Of Homes Rising By Value Tier

The below pie charts compare the percentage of Homes Rising (defined as the percent of homes with value appreciating at a rate faster than 1.5% per year during the most recent month) within the four different tiers of homes.

Fix and Flip

Estimated Value Analysis Using Comparable Flipped Properties

This tool estimates the post-repair value for the subject property based on an analysis of properties with similar characteristics that have been recently been bought, repaired and re-sold.

Square Footage Bedrooms Bathrooms Lot Size Year Built After Repair Value
Median of Fixed & Sold Comps 1,348 3 2 15,595 Sq Ft 1962 $202,500
2957 LAKE DR BURLINGTON NC 27217 2,496 3 2.5 33,759 Sq Ft 1963
Difference Bigger Same amount of Bedrooms More Bathrooms Bigger Lot Newer
Estimated Value using Flips $276,000


Comparables

Comps Used Distance Bedrooms Baths Square Footage Lot Size Year Built First Sale Date First Sale Value Second Sale Date Second Sale Value Valuation
407 CORNELIA DR GRAHAM NC 27253 5.6 miles 3 3 1,850 Sq Ft 12,153 Sq Ft 1979 8/31/2021 $161,000 3/28/2022 $285,000 $262,000
331 ALBRIGHT AVE GRAHAM NC 27253 5.3 miles 3 1 1,320 Sq Ft 9,801 Sq Ft 1901 6/25/2021 $135,000 1/28/2022 $165,000 $181,000
512 N SELLARS MILL RD BURLINGTON NC 27217 5.2 miles 4 2 1,888 Sq Ft 27,704 Sq Ft 1946 6/15/2021 $ 91,000 12/22/2021 $207,000 $222,000
2808 DELANEY DR BURLINGTON NC 27215 5.1 miles 3 2 1,325 Sq Ft 25,047 Sq Ft 1962 11/10/2020 $168,000 11/5/2021 $206,000 $221,000
1830 GREENTREE RD BURLINGTON NC 27217 5 miles 3 1 1,000 Sq Ft 22,216 Sq Ft 1961 9/28/2020 $ 67,000 4/14/2021 $157,000 $163,000
2225 WILKINS ST BURLINGTON NC 27217 4.9 miles 3 2 1,150 Sq Ft 11,674 Sq Ft 1962 11/13/2020 $ 84,500 3/2/2021 $160,000 $167,000
3208 S MEBANE ST BURLINGTON NC 27215 4.6 miles 3 2 1,196 Sq Ft 17,076 Sq Ft 1966 4/9/2021 $185,000 8/23/2021 $312,000 $225,000
74 FRIENDLY AVE REIDSVILLE NC 27320 4.5 miles 3 1 1,040 Sq Ft 14,400 Sq Ft 1973 2/10/2021 $ 33,000 10/1/2021 $167,000 $120,000
928 HANFORD RD GRAHAM NC 27253 4.5 miles 3 2 1,672 Sq Ft 28,401 Sq Ft 1966 2/5/2021 $285,000 1/26/2022 $320,000 $315,000
2020 HOLLAND AVE BURLINGTON NC 27217 4.4 miles 2 2 1,248 Sq Ft 12,240 Sq Ft 1961 9/4/2020 $111,000 2/5/2021 $185,000 $219,000
2409 N MAURY ARCH BURLINGTON NC 27215 4.4 miles 4 3 2,240 Sq Ft 13,504 Sq Ft 1989 6/4/2020 $218,000 12/4/2020 $221,000 $361,000
305 WARD ST GRAHAM NC 27253 4.2 miles 2 2 1,088 Sq Ft 15,202 Sq Ft 1948 5/19/2021 $185,000 3/23/2022 $220,000 $169,000
201 TREMONT DR BURLINGTON NC 27215 4.1 miles 3 2 1,614 Sq Ft 17,903 Sq Ft 1999 11/9/2020 $205,000 6/29/2021 $251,500 $283,000
400 BANKS ST GRAHAM NC 27253 4.1 miles 2 1 1,200 Sq Ft 11,587 Sq Ft 1955 10/25/2021 $165,000 12/28/2021 $165,000 $171,000
1414 KEOGH ST BURLINGTON NC 27215 4 miles 4 2 2,204 Sq Ft 24,045 Sq Ft 1989 2/3/2020 $267,000 11/19/2020 $287,000 $341,000
1561 GERRINGER MILL RD BURLINGTON NC 27217 3.9 miles 3 2 1,478 Sq Ft 40,511 Sq Ft 1984 7/14/2020 $218,000 3/1/2021 $235,000 $260,000
209A S GURNEY ST BURLINGTON NC 27215 3.9 miles 2 1 1,043 Sq Ft 14,244 Sq Ft 1957 7/27/2021 $ 60,000 4/14/2022 $200,000 $191,000
2013 FOX RUN RD BURLINGTON NC 27215 3.9 miles 4 3 2,268 Sq Ft 12,110 Sq Ft 1979 11/17/2020 $190,000 8/5/2021 $267,000 $280,000
2121 W FRONT ST BURLINGTON NC 27215 3.8 miles 3 3 1,596 Sq Ft 19,602 Sq Ft 1978 10/5/2020 $190,000 2/17/2021 $248,000 $272,000
604 BORDER ST GRAHAM NC 27253 3.5 miles 3 1 1,000 Sq Ft 9,191 Sq Ft 1976 4/19/2021 $ 57,000 10/13/2021 $140,000 $122,000
705 BANKS ST GRAHAM NC 27253 3.4 miles 3 3 1,220 Sq Ft 14,549 Sq Ft 1991 9/1/2021 $100,000 1/12/2022 $200,000 $196,000
318 WILSON ST GRAHAM NC 27253 3.3 miles 3 2 1,363 Sq Ft 6,316 Sq Ft 1990 9/17/2020 $165,000 3/9/2021 $194,500 $216,000
2051 CAROLINA RD BURLINGTON NC 27217 3.2 miles 3 1 1,351 Sq Ft 33,367 Sq Ft 1950 6/21/2021 $ 60,000 1/14/2022 $210,000 $144,000
119 AZALEA CIR BURLINGTON NC 27215 3.2 miles 3 3 1,344 Sq Ft 23,827 Sq Ft 1957 3/16/2020 $ 59,505 12/10/2020 $180,000 $207,000
709 PROVIDENCE RD GRAHAM NC 27253 3.2 miles 3 1 1,040 Sq Ft 15,987 Sq Ft 1940 10/13/2021 $ 48,000 2/7/2022 $163,000 $112,000
3169 PICKWOOD DR BURLINGTON NC 27215 2.9 miles 3 2 1,669 Sq Ft 35,066 Sq Ft 1981 7/9/2020 $218,000 3/8/2021 $241,500 $277,000
1758 BIRCHWOOD DR BURLINGTON NC 27217 2.7 miles 3 2 1,360 Sq Ft 46,391 Sq Ft 1987 8/17/2020 $135,000 1/15/2021 $220,000 $250,000
1121 ELWOOD ST BURLINGTON NC 27217 2.6 miles 3 1 984 Sq Ft 16,422 Sq Ft 1950 2/4/2021 $ 68,000 11/17/2021 $172,500 $169,000
1107 GRACE AVE BURLINGTON NC 27217 2.4 miles 3 1 1,120 Sq Ft 16,988 Sq Ft 1957 10/5/2021 $ 72,500 3/30/2022 $175,000 $161,000
1002 N CHURCH ST BURLINGTON NC 27217 2.2 miles 3 2 1,596 Sq Ft 9,191 Sq Ft 1950 2/16/2021 $113,500 6/24/2021 $170,000 $204,000
1939 MALONE RD BURLINGTON NC 27215 2.2 miles 3 2 1,134 Sq Ft 8,930 Sq Ft 1976 8/20/2021 $173,500 12/14/2021 $180,000 $194,000
1405 W DAVIS ST BURLINGTON NC 27215 2.2 miles 4 1 1,782 Sq Ft 11,456 Sq Ft 1937 12/14/2020 $207,000 9/30/2021 $255,000 $262,000
212 WAVERLY WAY BURLINGTON NC 27215 2.1 miles 3 2 1,654 Sq Ft 10,411 Sq Ft 1951 1/13/2020 $ 60,000 12/8/2020 $185,000 $225,000
1801 BELMONT ST BURLINGTON NC 27215 2.1 miles 2 1 987 Sq Ft 8,059 Sq Ft 1951 2/5/2021 $ 65,000 8/6/2021 $170,000 $136,000
1311 W DAVIS ST BURLINGTON NC 27215 2.1 miles 3 2 1,830 Sq Ft 12,545 Sq Ft 1950 6/4/2021 $195,000 1/24/2022 $340,000 $247,000
407 THOMPSON ST BURLINGTON NC 27215 2.1 miles 3 1 912 Sq Ft 7,536 Sq Ft 1953 6/21/2021 $ 60,000 12/3/2021 $165,000 $100,000
415 KERNODLE DR BURLINGTON NC 27215 2 miles 3 2 1,244 Sq Ft 16,988 Sq Ft 1945 5/29/2020 $ 65,000 11/24/2020 $135,500 $159,000
1248 LAWNDALE RD GRAHAM NC 27253 2 miles 3 2 2,169 Sq Ft 17,380 Sq Ft 1994 7/7/2021 $375,000 8/30/2021 $382,000 $417,000
1317 BURLINGATE PL BURLINGTON NC 27215 1.9 miles 3 2 1,220 Sq Ft 20,430 Sq Ft 1962 8/25/2020 $205,000 3/18/2021 $205,000 $227,000
916 TRAIL EIGHT BURLINGTON NC 27215 1.9 miles 2 1 1,426 Sq Ft 16,335 Sq Ft 1956 10/25/2019 $129,000 10/2/2020 $140,000 $197,000
114 GILMER ST BURLINGTON NC 27217 1.8 miles 3 1 1,910 Sq Ft 12,284 Sq Ft 1930 8/14/2020 $ 60,500 3/22/2021 $150,000 $136,000
607 FOXTON LN BURLINGTON NC 27215 1.7 miles 3 2 1,134 Sq Ft 7,405 Sq Ft 2006 1/7/2022 $120,000 2/18/2022 $180,000 $193,000
1004 OAKRIDGE CT BURLINGTON NC 27217 1.6 miles 3 2 1,648 Sq Ft 19,341 Sq Ft 1999 2/11/2020 $215,000 12/17/2020 $215,000 $290,000
1605 ELDER WAY BURLINGTON NC 27215 1.5 miles 3 2 1,611 Sq Ft 28,532 Sq Ft 1958 7/2/2020 $166,000 5/12/2021 $250,000 $266,000
1633 ELDER WAY BURLINGTON NC 27215 1.5 miles 3 2 1,210 Sq Ft 18,600 Sq Ft 1970 4/12/2021 $ 75,000 8/10/2021 $192,000 $196,000
410 WILDWOOD LN BURLINGTON NC 27215 1.5 miles 2 1 1,775 Sq Ft 24,394 Sq Ft 1957 3/8/2021 $100,000 7/23/2021 $295,000 $249,000
912 RAUHUT ST BURLINGTON NC 27217 1 miles 3 2 1,227 Sq Ft 8,146 Sq Ft 2001 9/16/2021 $100,000 12/3/2021 $207,000 $162,000
612 BRASSFIELD DR BURLINGTON NC 27217 0.5 miles 4 3 2,752 Sq Ft 10,890 Sq Ft 2006 8/13/2021 $220,000 9/20/2021 $260,000 $336,000
1332 CROSSRIDGE DR BURLINGTON NC 27217 0.4 miles 3 2 1,652 Sq Ft 12,240 Sq Ft 2003 5/14/2021 $135,000 9/17/2021 $205,000 $247,000

This property is being sold at a public auction.

Trustee Sale Details

Auction date and time
Date Oct 20, 2022
Start Time TBD
Location

Bidding Instructions

All bidders must show proof of identity as well as proof of authority to purchase on behalf of a legal entity.
A deposit of five percent (5%) of the purchase price, or seven hundred fifty dollars ($750.00), whichever is greater, is required and must be tendered in the form of certified funds at the time of the sale. Certified funds should be made payable to the Foreclosing Attorney.

Contact

Realtybid Customer Service *Contact Customer Service (877) 518-5700

Foreclosing Attorney

*Hutchens Law Firm 910-864-3068
Important: All data on this page and other property pages is provided for informational purposes only. It is each potential buyer’s responsibility to perform their own due diligence prior to placing a bid on a property.