$185,000
SOLD MAR 19, 2025

1040 Burning Tree Rd Pinehurst, NC 28374

0.33 Acre
$560,606 Price per Acre
14,375 Sq Ft Lot

Recently Sold

7% Below List Price

398 Days on Market

Highlights

  • Waterfront
  • Wooded Lot
  • Lot Has A Rolling Slope
  • Pinehurst Elementary School Rated A-

About This Lot

As of March 2025

Welcome to this extraordinary .33 acre buildable lot to create a captivating backdrop that adds value to this already remarkable property. You'll have the opportunity to design and construct your own private oasis, taking full advantage of the stunning views and natural beauty that surrounds you.

Last Agent to Sell the Property

Benita Kay

COLDWELL BANKER ADVANTAGE #2- HARNETT CO. License #331248 Listed on: 12/21/2023

COLDWELL BANKER ADVANTAGE #2- HARNETT CO.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $859

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 100x150x140x32x17x19x22x19
  • Waterfront
  • Lot Has A Rolling Slope
  • Wooded Lot

Property Views

  • Water Views

Schools

  • West Pine Middle School
  • Pinecrest High School

Community Details

  • Lake Pinehurst Subdivision

Listing and Financial Details

  • Tax Lot 347
  • Assessor Parcel Number 00024613

Property Details

Property Type

Land

Est. Annual Taxes

$859

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.33
  • Lot Size: 100x150x140x32x17x19x22x19
  • Road Surface Type: Paved
  • Ownership: More than a year
  • Subdivision Name: LAKE PINEHURST
  • Directions: Take NC 5 N to Linden Rd. Turn left on Linden Rd. Right on Burning Tree Rd. Follow Burning Tree Rd for 0.8 miles and lot will be on your right.
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Interior Features

  • ResoLivingAreaSource: SeeRemarks

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot, Rolling Slope, Wooded
  • Topography: Rolling
  • View: Water
  • View: Yes

Utilities

  • Sewer: Community/Coop Sewer
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Waterfront

Schools

  • High School: Pinecrest High School
  • Middle Or Junior School: West Pine Middle School

Lot Info

  • Wooded Area: 0.33
  • Parcel #: 00024613
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Lot: 347

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2023
Closed on
Mar 14, 2025
Sold by
Pieragostini Anthony J and Pieragostini Catherine R
Bought by
Mj Rose Homes Llc
Seller's Agent
Benita Kay
COLDWELL BANKER ADVANTAGE #2- HARNETT CO.
Buyer's Agent
Non Member
Non Member Office
List Price
$199,999
Sold Price
$185,000
Premium/Discount to List
-$14,999
-7.5%
Views
67

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$855,000
Outstanding Balance
$853,564
Interest Rate
6.89%
Mortgage Type
Construction
Estimated Equity
-$665,564
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 Type Sale Price Title Company
Warranty Deed $185,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $855,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 For Sale $1,150,000 +521.6% $359 / Sq Ft
03/19/2025 03/19/25 Sold $185,000 0.0% --
03/19/2025 03/19/25 Sold $185,000 -7.5% --
01/23/2025 01/23/25 Pending -- -- --
01/23/2025 01/23/25 Pending -- -- --
10/11/2024 10/11/24 Price Changed $199,999 0.0% --
10/11/2024 10/11/24 For Sale $199,999 0.0% --
10/03/2024 10/03/24 Price Changed $199,999 0.0% --
10/03/2024 10/03/24 For Sale $199,999 +8.1% --
09/30/2024 09/30/24 Off Market $185,000 -- --
09/03/2024 09/03/24 For Sale $195,000 0.0% --
06/01/2024 06/01/24 For Sale $195,000 +5.4% --
05/31/2024 05/31/24 Off Market $185,000 -- --
05/31/2024 05/31/24 Off Market $185,000 -- --
12/21/2023 12/21/23 For Sale $195,000 0.0% --
12/21/2023 12/21/23 For Sale $195,000 -- --
Source: Longleaf Pine REALTORS®

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 $859 $150,000 $150,000 $0
2023 $896 $150,000 $150,000 $0
2022 $501 $60,000 $60,000 $0
2021 $519 $60,000 $60,000 $0
2020 $514 $60,000 $60,000 $0
2019 $514 $60,000 $60,000 $0
2018 $480 $60,000 $60,000 $0
2017 $474 $60,000 $60,000 $0
2015 $465 $60,000 $60,000 $0
2014 $328 $42,900 $42,900 $0
2013 -- $42,900 $42,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Longleaf Pine REALTORS®

MLS Number: 717445

Longleaf Pine REALTORS®

APN: 8551-05-19-4330