1005 Phar Lap Dr, Indian Trail, NC 28079 Property Records

Union County property record for 1005 Phar Lap Dr, Indian Trail, NC 28079

Property Summary

Property Type	Rural Home
Details	5 bd · 3 ba · 2,508 sqft · built 2007
Lot Size	0.2 acres (8,712 sqft)
Owner	Company Name on Record
Last Sale	$940 (May 2022)
Tax Bill	$3,230 (2025)
Deeds & Mortgages	Dec 2022 Construction Loan May 2022 Sale + 2 more
Flood Zone	Zone X (minimal risk)
APN	`07-021-525`

Property Details

APN / Parcel Number

Primary APN	`07-021-525`

Interior

Bedrooms	5 Beds
Full Baths	3 Baths
Total Rooms	7 Rooms
Stories	1 Story
Building Area	2,508 sqft Living Area
1st Floor Area	2,056 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2007
Effective Year Built	Effective 2007
Architectural Style	Conventional
Construction Type	Wood
Roof Type	Gable
Lot Area	8,712 sqft (0.2 acres)
Garage Type	Attached
Garage Area	440 sqft
Parking Spaces	2 Parking Spaces
Porch	Slab
Porch Area	138 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C
Heating Fuel	Gas

Location & Zoning

Street Address	1005 PHAR LAP DR
City	INDIAN TRAIL
State	NC
Zip	28079-5754
Property Category	Residential
Property Type	Residential > Single Family > Rural Home
Local Zoning Code	SF-5 INDIA
Legal Description	#571 BONTERRA PH2 MP2 OPCI978-979
Legal Subdivision	BONTERRA
Jurisdiction	UNION NC
Township / Civil Division	VANCE
Census Block Group	2
Census Block	2094
Census Tract	20305

Owner

Source: Union County records, as of October 20, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	600 GALLERIA PKWY SE, 300, ATLANTA, GA 30339-8146
Owner Type	Company
Vesting	Partnership

Deeds, Mortgages & Sale History

Date	Document
Dec 5, 2022	Deed of Trust, Mortgage · Construction Mortgage MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS
May 13, 2022	Warranty Deed, Transfer CHICAGO TITLE COMPANY, CHICAGO TITLE INSURANCE CO
Apr 21, 2022	Deed of Trust, Mortgage · Commercial Mortgage BENCHMARK HOUSING SOLUTIONS LLC
Mar 22, 2022	Warranty Deed, Construction Loan · Construction Mortgage BELL ROCK INCOME FUND 1 LLC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 13, 2022 · Amount on Record
Deed Sale	May 13, 2022 · Amount on Record
Prior Sale	Mar 22, 2022 · Amount on Record
Deed Document Number	202217703
Deed Book / Page	8477 / 756
Prior Transfer Date	Dec 27, 2006
Prior Transfer Doc	0004426050
Record Updated	Oct 29, 2026

December 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	UNION NC
Property Address	1005 PHAR LAP DR, INDIAN TRAIL, NC 28079-5754
Transaction Type	Mortgage
Record Updated	Jan 2, 2023
Title Company	OS NATIONAL RESWARE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0008619364
Date	Dec 5, 2022
Book Page	8619/364
Instrument	29879

Lender

Name	MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS
Type	Mortgage Company
Address	NEW YORK, NY 10036

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	43 Months
Due	Jul 9, 2026

May 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	UNION NC
Recording Date	May 13, 2022
Property Address	1005 PHAR LAP DR, INDIAN TRAIL, NC 28079-5754
Document Number	0008477756
Book / Page	8477 / 756
Map Reference	CAB 1 FILE 978
Instrument Date	May 5, 2022
Instrument	17703
Transaction Type	Transfer
Record Updated	May 27, 2022
Title Company	CHICAGO TITLE COMPANY, CHICAGO TITLE INSURANCE CO

Transaction

Amount	Amount Recorded
Tax	$940.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	404 KENSINGTON PARK WAY, 404, WAXHAW, NC 28173-2201

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1850 PARKWAY PL SE STE 900, 900, MARIETTA, GA 30067-8261
Investor	Possibly a Property Investor

April 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	UNION NC
Property Address	1005 PHAR LAP DR, INDIAN TRAIL, NC 28079-5754
Transaction Type	Mortgage
Record Updated	May 3, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0008460124
Date	Apr 21, 2022
Book Page	8460/124
Instrument	14909

Lender

Name	BENCHMARK HOUSING SOLUTIONS LLC
Type	Non-Lending Institution
Address	INDIAN TRAIL, NC 28079

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

March 2022: Warranty Deed, Construction Loan

Document Type	Warranty Deed
Jurisdiction	UNION NC
Recording Date	Mar 22, 2022
Property Address	1005 PHAR LAP DR, INDIAN TRAIL, NC 28079-5754
Document Number	0008432328
Book / Page	8432 / 328
Map Reference	CAB I FILE 978
Instrument Date	Mar 15, 2022
Instrument	10694
Transaction Type	Construction Loan
Record Updated	Apr 7, 2022
Title Company	LINCOLN TITLE INSURANCE, LION TITLE INSURANCE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$660.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	3220 SW 25TH ST, 3220, MIAMI, FL 33133-2016

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	404 KENSINGTON PARK WAY, WAXHAW, NC 28173-2201

Mortgage

Document Number	0000010695
Date	Mar 22, 2022
Instrument	10695

Lender

Name	BELL ROCK INCOME FUND 1 LLC
Type	Non-Lending Institution

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	6 Months
Due	Sep 18, 2022

Tax Assessment & Valuation

Source: Union County assessment roll, as of March 31, 2026

Property Jurisdictions

Type	Name
State	North Carolina
County	Union County
Municipality	Indian Trail Town
Unified School District	Union County Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$490,100 (-) Land $90,000 Building $400,100	$490,100 (-) Land $90,000 Building $400,100
2025	$3,230.00 (+27.57%)	$490,100 (+61.54%) Land $90,000 Building $400,100	$490,100 (+61.54%) Land $90,000 Building $400,100
2023	$2,532.00	$303,400 Land $53,000 Building $250,400	$303,400 Land $53,000 Building $250,400

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective September 14, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	5 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 76% of North Carolina
Wildfire Likelihood	0.01% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	UNION COUNTY WATER SYSTEM serves 169,685 people · EPA ID NC0190413
Water Source	Surface water
Last State Inspection	May 2026
Lead	Under 1 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	E. coli resolved · Mar 2020 Haloacetic acids resolved · Jul 2017
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 376 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Ripple Fiber Fiber	2,000 / 2,000
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000

May also be available: Windstream.

Cell Coverage

5G (outdoors only) and 4G LTE

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