NOT LISTED FOR SALE

1007 W Academy St Madison, NC 27025

Estimated Value: $120,769

3.2 Acres
$37,740 Price per Acre
139,392 Sq Ft Lot

Last Sold May 29, 2014

Last sale price $62,000

Est. 95% increase in value since last sale

Current estimated payment $785/month

227 Days on Market

Highlights

  • Second Garage
  • 3.2 Acre Lot
  • No HOA

About This Lot

As of May 2014

3.2 acres of commercial property in Madison with water and sewer. 2 buildings on the property. Ideal for retail, service, garage, etc. Lots of parking area. Priced $25,000 below tax value. A great investment. Only $89,000.

Last Agent to Sell the Property

Jeff Biggs

JEFF BIGGS REALTY, INC License #137580 Listed on: 10/03/2013

Last Buyer's Agent

Jeff Biggs

JEFF BIGGS REALTY, INC License #137580 Listed on: 10/03/2013

Property Details

Property Type

  • Land

Year Built

  • Built in 1994

Lot Details

  • 3.2 Acre Lot
  • Property is zoned comm.

Parking

  • Garage
  • Second Garage

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 117135
  • 1% Total Tax Rate

Property Details

Property Type

Land

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Lot Size Acres: 3.2
  • Directions: Hwy 220 North to Madison exit, Hwy 704 West, Hwy 311, building/land near intersection of Hwy 311/Island Dr.
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Retail, Service

Exterior Features

  • Other Structures: Garage(s)

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 117135
  • Zoning: comm.
  • TRIADMLS_PricePerAcre: 19375
  • TRIADMLS_DeedPage: 1790
  • TRIADMLS_DeedBook: 1414
  • TRIADMLS_AcresRange: 2 - 103

Tax Info

  • Tax Annual Amount: 1626.83
  • Tax Year: 2012
  • TRIADMLS_TaxRate: 1.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2013
Closed on
May 23, 2014
Sold by
First Troy Spe Llc
Bought by
Ritch John Michael and Ritch Donna J
Seller's Agent
Jeff Biggs
JEFF BIGGS REALTY, INC
Buyer's Agent
Jeff Biggs
JEFF BIGGS REALTY, INC
List Price
$89,000
Sold Price
$62,000
Premium/Discount to List
-$27,000
-30.34%
Current Estimated Value
$120,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,769
Avg. Annual Appreciation
6.10%

Purchase Details

Closed on
Apr 24, 2011
Sold by
Jbm Sales & Rentals Inc
Bought by
First Troy Spe Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ritch John Michael $62,000 None Available
First Troy Spe Llc $90,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jbm Sales & Rentals Inc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2014 05/29/14 Sold $62,000 -30.3% --
05/19/2014 05/19/14 Pending -- -- --
10/03/2013 10/03/13 For Sale $89,000 -- --
Source: Triad MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,523 $118,996 $41,580 $77,416
2023 $1,523 $98,317 $37,800 $60,517
2022 $1,401 $98,317 $37,800 $60,517
2021 $1,401 $98,317 $37,800 $60,517
2020 $1,401 $98,317 $37,800 $60,517
2019 $1,401 $98,317 $37,800 $60,517
2018 $1,643 $115,236 $50,400 $64,836
2017 $1,643 $115,236 $50,400 $64,836
2015 $1,660 $115,236 $50,400 $64,836
2014 $1,643 $115,236 $50,400 $64,836
Source: Public Records

Agents Affiliated with this Home

  • Jeff Biggs

    Seller's Agent in 2014

    Jeff Biggs

    JEFF BIGGS REALTY, INC

    (336) 427-6253

    30 in this area

    202 Total Sales

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Map

Source: Triad MLS

MLS Number: 686770

Triad MLS

APN: 117135

North Carolina Rockingham County Madison 27025

1007 W Academy St, Madison, NC

This home is located at 1007 W Academy St, Madison, NC 27025 since 03 October 2013 and is currently estimated at $120,769. This property was built in 1994. 1007 W Academy St is a home located in Rockingham County with nearby schools including John W Dillard Elementary, John W. Dillard Academy, and Western Rockingham Middle School.

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