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Guilford County Real Property Data

Building Summary

Data last updated on: 4/3/2026 Ownership current as of: 4/2/2026 Tax Year: 2026

REID 9424

PIN # 7864-17-1249

Location Address

Property Description

301 E LAKE DR

7-8 B11 PB9-22 W MKT TERR PL:9-22

Property Owner

Owner's Mailing Address

LAKE DR LLC

109 EAST MOUNTAIN ST STE D
KERNERSVILLE NC 27284

Parcel

Buildings

Misc Improvements

Land

Income

Deeds

Notes

Sales

Photos

Tax Bill

Map

Building Location Address

301 E LAKE DR

Card

Section

Building Details

Building Name	W MARKET TERRACE
Primary Occupancy Type	Residence and Motel
Primary Occupancy	12-352-Multiple Res
Primary Class	C
Primary Quality	Average
Year Built	1955
Effective Year	2000
Physical Depreciation (Rating)	MSVPO - COMM ONLY
Physical Depreciation (% Bad)	20.00%
Economic Depreciation (% Bad)	0%
Functional Depreciation (% Bad)	0%
Gross Leasable Area (SQFT)	5372
Remodeled Year
Total Stories	1

Section Details

Occupancy Type	Residence and Motel

Air Conditioning	NONE
FIXTURES	21
Class	C
Depreciation	20%
Depreciation	MSVPO - COMM ONLY
Heat	3-Default Heating
Interior Finish	DRYWALL/SHEETROCK
Occupancy	12-352-Multiple Res
Quality	Average
Sprinkler	No Sprinklers
Exterior Walls	805-Brick with Block

Building Total & Improvement Details

Total Adjusted Replacement Cost New	$645,769
Physical Depreciation (% Bad)	20.00%
Depreciated Value	$516,616
Economic Depreciation (% Bad)	0%
Functional Depreciation (% Bad)	0%
Total Depreciated Value	$516,616
Market Area Factor	1.00
Building Value	$516,600
Misc Improvements Value	$900
Total Improvement Value	$517,500

Assessed Land Value	$427,000

Assessed Total Value	$670,155

Addition Summary

Building Sketch	Photograph

(Click sketch for bigger image)

Per North Carolina General Statute 105-285-287 (d), all real property in North Carolina is subject to listing and valuation annually as it exists on January 1. Real Property assessments are based on market values as of the date of the last countywide reappraisal in 2026.

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