NOT LISTED FOR SALE

1027 Michael Rd Lexington, NC 27295

Estimated Value: $215,000 - $252,000

2 Beds
1 Bath
1,000 Sq Ft
$228/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $214,597 $215 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,250/month

2 Days on Market

Highlights

  • Horses Allowed On Property
  • Cottage
  • Porch
  • No HOA
  • 5 Car Detached Garage
  • Tile Flooring

About This Home

As of March 2023

This cottage style home is ready for you to move into. Covered front and back porches for your evening enjoyment. Perfect for the buyer that likes storage and workshop with a detached RV garage with concrete flooring, electrical; 2- car detached carport, 2-car detached garage/storage area as well as a 40'x14 ' workshop or office with AC. Great backyard for gardening or cookouts. Two bedrooms, bath, office, living & kitchen/dining have been upgraded with new stove & refrigerator in kitchen; upgraded painting, light fixtures, flooring including Carrara marble vinyl tile in kitchen & laundry and new electric Heat Pump & AC. The cellar stores the hot water heater and has room for storage. With appx. 1 acre level lot, there is space for outside activities for all ages. The driveway is shared part of the way in and a Joint Driveway Easement is attached. This is a must see now.

Last Agent to Sell the Property

Frankie Byrd

Price REALTORS - NC Hwy 8 License #171325 Listed on: 02/22/2023

Last Buyer's Agent

NONMEMBER NONMEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $676

Year Built

  • Built in 1950

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 76 x 346 x 112 x 342
  • Cleared Lot
  • Property is zoned RA2

Parking

  • 5 Car Detached Garage
  • Detached Carport Space
  • Driveway

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 863 Sq Ft Home
  • 700-1,000 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • Dryer Hookup

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Tyro Middle School
  • West Davidson High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1803300000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$676

Year Built

Built in 1950

Lot Details

0

Parking

5

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 1
  • Lot Size: 76 x 346 x 112 x 342
  • Subdivision Name: None
  • Directions: Old Hwy. 29 (Salisbury Rd.) from Lexington. Rt. Michael Rd. Home on left just past church.
  • Above Grade Finished Sq Ft: 863
  • Architectural Style: Cottage
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1950
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 700 - 1000
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: No
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Range, Electric Water Heater
  • Flooring: Laminate, Tile, Vinyl
  • Has Basement: Cellar
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 863
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Exterior Features: Garden
  • Lot Features: Horses Allowed, Cleared
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 5
  • Parking Features: Carport, Driveway, Garage, Detached Carport, Detached
  • Garage Description: Detached Carport, Detached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Call School Board
  • High School: West Davidson
  • Middle Or Junior School: Tyro

Lot Info

  • Parcel #: 1803300000008
  • Zoning: RA2
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 676
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
Mar 31, 2023
Sold by
Mclemore Michael and Mclemore Nicole C
Bought by
Jones Dustin Doyle
Seller's Agent
Frankie Byrd
Price REALTORS - NC Hwy 8
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$199,000
Sold Price
$214,597
Premium/Discount to List
$15,597
7.84%
Views
42
Current Estimated Value
$227,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,019
Avg. Annual Appreciation
2.16%
Original Mortgage
$193,137
Outstanding Balance
$187,488
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$40,128

Purchase Details

Listed on
Aug 5, 2022
Closed on
Aug 23, 2022
Sold by
Edwards Wade G
Bought by
Mclemore Michael and Mclemore Nicole C
Seller's Agent
Frankie Byrd
Price REALTORS - NC Hwy 8
Buyer's Agent
Chris Skeen
Real Broker LLC
List Price
$141,000
Sold Price
$136,000
Premium/Discount to List
-$5,000
-3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
113.87%

Purchase Details

Closed on
Jan 25, 2012
Sold by
Edwards Elmer Clay
Bought by
Edwards Wade G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jones Dustin Doyle $215,000 --
Jones Dustin Doyle $215,000 None Listed On Document
Mclemore Michael $136,000 Sink Irvin R
Mclemore Michael $136,000 Sink Irvin R
Edwards Wade G -- None Available
Edwards Elmer Clay -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Dustin Doyle $193,137
Closed Jones Dustin Doyle $193,137
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2023 03/31/23 Sold $214,597 +7.8% $307 / Sq Ft
02/25/2023 02/25/23 Pending -- -- --
02/22/2023 02/22/23 For Sale $199,000 +46.3% $284 / Sq Ft
08/23/2022 08/23/22 Sold $136,000 -3.5% $194 / Sq Ft View Prior Sale
08/16/2022 08/16/22 Pending -- -- --
08/06/2022 08/06/22 For Sale $141,000 -- $201 / Sq Ft
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
2025 $680 $111,340 $0 $0
2024 $680 $111,340 $0 $0
2023 $666 $109,050 $0 $0
2022 $666 $109,050 $0 $0
2021 $666 $109,050 $0 $0
2020 $488 $79,840 $0 $0
2019 $495 $79,840 $0 $0
2018 $495 $79,840 $0 $0
2017 $495 $79,820 $0 $0
2016 $495 $79,820 $0 $0
2015 $495 $79,820 $0 $0
2014 $439 $70,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Frankie Byrd

    Seller's Agent in 2023

    Frankie Byrd

    Price REALTORS - NC Hwy 8

    (336) 239-7253

    13 in this area

    157 Total Sales

    Frankie Byrd
    Section Image

  • C

    Buyer's Agent in 2022

    Chris Skeen

    Real Broker LLC

    1 in this area

    20 Total Sales

    Chris Skeen
    Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 1097274

Triad MLS

APN: 18-033-0-000-0008-0-0-0

North Carolina Davidson County Lexington 27295

1027 Michael Rd, Lexington, NC

Not Listed for Sale

Detached

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