703 Lockwood Dr Clayton, NC 27527

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3 beds · 2 baths · 1,222 sq ft · Lot Size: 26,136 sq ft · Single Family Home
Est. Property Value: $251,789

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703 Lockwood Dr is in the 27527 neighborhood of Clayton, NC. It is located in Johnston County and ZIP code 27527. This Single Family Home was built in 2008 and is approximately 17 years old. The single family home spans 1222 sq ft with 3 bedrooms and 2 bathrooms and sits on a 26136 sq ft lot. According to public records, it was last sold in 2015 for $135,000 and has a tax-assessed value of $172,690, which is $206 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 703 Lockwood Dr Clayton, NC 27527 with Property Intel by Whitepages.

Owners & Occupancy for 703 Lockwood Dr

This property is owned by Ramon Antonio Garay. Owner contact information includes 10 phone numbers and 4 email addresses.

Property Owners

Cell Phone(919) ***-****View Cell Phone
Residence***********
Landline(919) 679-2469
Distance from Property**********
Email Address***************@yahoo.comView Email

Occupancy

Resident 1*************
Resident 2****************** age 39

Property Financials for 703 Lockwood Dr

703 Lockwood Dr, Clayton, NC has a mortgage from Prime Lndg (orig. September 08, 2015). The Johnston county assessment for 2024 values it at $172,690, with annual taxes of $2,262.

Mortgage & Equity Information

Loan Amount$******
LenderPrime Lndg
Origination DateSeptember 08, 2015
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity View Equity

Property Tax

Purchase DateSeptember 04, 2015
Property Tax Amount$2,262 in 2024
Purchase Price$135,000
Assessed Value$172,690 on 2024

Investment Potential for 703 Lockwood Dr

The property has a current estimated value of $251,789, which is 20% below the zip median, based on public records. It last sold on September 04, 2015 for $135K. Projected long-term
is $22,800 annually ($1,900 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$22,800 per year($1,900 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 27527 zip code
 
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Property Details for 703 Lockwood Dr

Property Details

Property Sq Ft

Living Area

1,222 sq ft

35% below market

Lot Size

26,136 sq ft

71% above market

Price Per Sq Ft

Living Area

$206 / sq ft

23% above market

Lot Size Area

$10 / sq ft

59% below market

Property condition, age, exterior, etc. for 703 Lockwo…
Longitude: -78.339456 Latitude: 35.58962 Parcel Number (APN): 17K07023K…

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Market Benchmarks

Compare data for 703 Lockwood Dr in Johnston County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$251,789
$257,944
-$6,155 (-2%)
YoY Price Change
2.32%
189%
Year Built
2008
1990
18 years
Living Space
1,222 sq ft
1,590 sq ft
-368 (-23%)
$ Per Living Sq Ft
$206
$158
$48 (30%)
Lot Size
26,136 sq ft
20,473 sq ft
5663 (28%)
$ Per Lot Sq Ft
$10
$12
-$2 (-19%)

Net Operating Income
$18,197
-$2,545 (-14%)
Annual Revenue
$22,800
$25,200
-$2,400 (-10%)
$6,673
$475 (7%)
Net Operating Income
$18,197
-$2,545 (-14%)
Cap Rate
6.84%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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