NOT LISTED FOR SALE

1057 Warf Rd Lexington, NC 27292

Estimated Value: $928,994

5.6 Acres
$165,892 Price per Acre
243,936 Sq Ft Lot

Last Sold September 13, 2022

Last sale price $830,000 $466 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,164/month

482 Days on Market

Highlights

  • 5.6 Acre Lot
  • Partially Wooded Lot
  • No HOA
  • Southwood Elementary School Rated 9+

About This Lot

As of September 2022

Once in a lifetime lakefront property with 5.6 acres and over 800 feet waterfront on High Rock Lake. This property would make a great site for a private estate but was rezoned and approved by the local planning and zoning board to accomodate 8 townhomes. Environmental Assessment was completed. Current permit indicates two boat ramps and a sea wall permit. Previous owner submitted plans for a 10 slip dock. Could possibly divide into 3 or 4 lakefront homesites. Potential is unlimited but similar type of property are not. No drive bys please. Appointment is necessary to view. Interest in this property is expected to be high so please make appointment to see soon.

Last Agent to Sell the Property

Randy Thomason

Thomason Realty Group, LLC License #78517 Listed on: 05/12/2021

Last Buyer's Agent

Randy Thomason

Thomason Realty Group, LLC License #78517 Listed on: 05/12/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,840

Lot Details

  • 5.6 Acre Lot
  • Property fronts an easement
  • Cleared Lot
  • Partially Wooded Lot
  • Property is zoned PDH

Utilities

  • Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 06024B00A0001
  • 1% Total Tax Rate

Property Details

Property Type

Land

Est. Annual Taxes

$3,840

Lot Details

5.6 Acres

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 5.6
  • Lot Size: irr
  • Road Frontage Type: Easement, 2-Lane, Public
  • Road Surface Type: Paved
  • Directions: NC Hwy 8 south to left on warf Road. Entrance past Hillview Drive on the left
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_CityLimitsYN: No
  • TRIADMLS_PhoneYN: Yes
  • Special Features: None

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Partially Cleared, Partially Wooded
  • Flood Zone: Partial

Utilities

  • Sewer: Septic Tank
  • Electric: Energy United
  • Water Source: Public
  • TRIADMLS_CableYN: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Wooded Area: 174240
  • Parcel #: 06024B00A0001
  • Zoning: PDH
  • TRIADMLS_ClearedAcres: 1.6
  • TRIADMLS_AcresRange: 5 - 6

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Tax Info

  • Tax Annual Amount: 3840
  • Tax Year: 2020
  • TRIADMLS_TaxRate: 0.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2024
Sold by
Teebo Farms Llc
Bought by
Highstone Villages Llc
Current Estimated Value
$928,994

Purchase Details

Listed on
May 12, 2021
Closed on
Sep 13, 2022
Sold by
Lemon Trees Estates Llc
Bought by
Teebo Farms Llc
Seller's Agent
Randy Thomason
Thomason Realty Group, LLC
Buyer's Agent
Randy Thomason
Thomason Realty Group, LLC
List Price
$950,000
Sold Price
$830,000
Premium/Discount to List
-$120,000
-12.63%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.25%

Purchase Details

Listed on
Feb 12, 2012
Closed on
Jun 29, 2012
Sold by
Thomason Development Llc
Bought by
Lemon Tree Estates Llc
Seller's Agent
Randy Thomason
Thomason Realty Group, LLC
Buyer's Agent
Randy Thomason
Thomason Realty Group, LLC
List Price
$595,000
Sold Price
$325,000
Premium/Discount to List
-$270,000
-45.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$162,462
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2007
Sold by
Galloway Peter S and Galloway Arlis
Bought by
Thomason Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 1990
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Highstone Villages Llc -- None Listed On Document
Teebo Farms Llc $1,660 --
Teebo Farms Llc $1,660 None Listed On Document
Lemon Tree Estates Llc $325,000 None Available
Thomason Development Llc $720,000 None Available
-- $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lemon Tree Estates Llc $162,462
Previous Owner Thomason Development Llc $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2022 09/13/22 Sold $830,000 -10.3% $466 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
08/15/2022 08/15/22 Price Changed $925,000 -2.6% $520 / Sq Ft
05/12/2021 05/12/21 For Sale $950,000 +192.3% $534 / Sq Ft
06/29/2012 06/29/12 Sold $325,000 -45.4% $183 / Sq Ft View Prior Sale
05/29/2012 05/29/12 Pending -- -- --
02/12/2012 02/12/12 For Sale $595,000 -- $334 / Sq Ft
Source: Triad MLS

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 $3,960 $600,000 $0 $0
2024 $3,960 $600,000 $0 $0
2023 $3,960 $600,000 $0 $0
2022 $3,960 $600,000 $0 $0
2021 $3,782 $600,000 $0 $0
2020 $3,782 $600,000 $0 $0
2019 $3,840 $600,000 $0 $0
2018 $3,750 $600,000 $0 $0
2017 $3,750 $600,000 $0 $0
2016 $3,750 $600,000 $0 $0
2015 $3,750 $600,000 $0 $0
2014 $3,125 $500,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Thomason

    Seller's Agent in 2022

    Randy Thomason

    Thomason Realty Group, LLC

    (336) 250-5889

    35 in this area

    53 Total Sales

    Randy Thomason
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Map

Source: Triad MLS

MLS Number: 1023506

Triad MLS

APN: 06-024-B-00A-0001-0-0-0

North Carolina Davidson County Lexington 27292

1057 Warf Rd, Lexington, NC

Not Listed for Sale

Lots

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