NOT LISTED FOR SALE

1069 Drum Hill Rd Gates, NC 27937

Estimated Value: $328,000 - $396,120

3 Beds
2 Baths
1,960 Sq Ft
$183/Sq Ft Est. Value

Last Sold May 28, 2013

Last sale price $79,900 $41 Per Sq Ft

Est. 348% increase in value since last sale

Current estimated payment $2,084/month

171 Days on Market

Highlights

  • Spa
  • No HOA
  • 2 Car Attached Garage
  • Countryside Views
  • Rear Porch
  • Walk-In Closet

About This Home

As of May 2013

Florida style stucco home situated on large 1.91 acre lot in the country. This 3 bedroom/2 bath home features a great room, kitchen, dining room,laundry room and back porch/sunroom. This home needs to be finished on the inside - primarily finishing and painting the sheetrock, floor coverings,and some fixtures. Attached garage, storage barn and fenced back yard. Repairs are needed, but this home is priced well below tax value!This is a FANNIE MAE HOMEPATH property.

Last Agent to Sell the Property

Nancy Freeman

Freeman Realty License #175670 Listed on: 07/16/2012

Last Buyer's Agent

Nancy Freeman

Freeman Realty License #175670 Listed on: 07/16/2012

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 1.91 Acre Lot
  • Wood Fence
  • Garden

Home Design

  • Slab Foundation
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1,960 Sq Ft Home
  • 1-Story Property
  • Countryside Views
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Outdoor Features

  • Spa
  • Storage Shed
  • Rear Porch

Schools

  • Gates Elementary School
  • Gates Middle School
  • Gates High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Septic Tank

Community Details

  • No Home Owners Association
  • .Non Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 0401052

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Directions: Take Hwy 13 across the Virginia Line. Turn right on Drum Hill Road (just before Roger Fowler's Used Cars). You will cross back into North Carolina.House is approximately 3 miles on the left.
  • Property Sub Type: Residential/Vacation
  • Prop. Type: Residential
  • Year Built: 2001
  • Lot Size Acres: 1.91
  • Lot Size: 1.91
  • Water Body Name: None
  • Subdivision Name: .NON-Subdivision
  • Above Grade Finished Sq Ft: 1960
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Structure Type: Site Built
  • Special Features: None

Interior Features

  • Appliances: None
  • Has Basement: None
  • Interior Amenities: Walk-In Closet(s)
  • Spa Features: Hot Tub/Whirlpool Tub
  • Private Spa: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Living Area: 1960

Exterior Features

  • Fencing: Wood
  • Lot Features: Garden Space
  • View: Country
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Siding
  • Foundation Details: Slab
  • Other Structures: Storage Building
  • Patio And Porch Features: Rear Porch
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Double Attached Garage, Gravel Drive

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Septic Tank
  • Laundry Features: Washer &/or Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Underground Utilities
  • Water Source: County

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Gates
  • High School: Gates
  • Middle Or Junior School: Gates

Lot Info

  • Lot Size Sq Ft: 83199.6
  • Farm Land Area Units: Square Feet
  • Parcel #: 0401052
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2012
Closed on
May 23, 2013
Sold by
Federal National Mortgage Association
Bought by
Meade Scottie Lee
Seller's Agent
Nancy Freeman
Freeman Realty
Buyer's Agent
Nancy Freeman
Freeman Realty
List Price
$160,000
Sold Price
$79,900
Premium/Discount to List
-$80,100
-50.06%
Current Estimated Value
$357,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,880
Avg. Annual Appreciation
12.62%
Original Mortgage
$102,228
Outstanding Balance
$72,309
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$285,471

Purchase Details

Closed on
May 8, 2012
Sold by
Foster Anthony M and Foster Deloris J
Bought by
Bank Of America Na and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Feb 22, 2005
Sold by
Foster Delores I and Foster Anthony M
Bought by
Foster Delores I and Foster Anthony M
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Meade Scottie Lee $79,500 None Available
Bank Of America Na -- None Available
Foster Delores I $10,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meade Scottie Lee $102,228
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2013 05/28/13 Sold $79,900 -50.1% $41 / Sq Ft
01/04/2013 01/04/13 Pending -- -- --
07/16/2012 07/16/12 For Sale $160,000 -- $82 / Sq Ft
Source: Roanoke Valley Lake Gaston Board of 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
2025 $2,557 $338,294 $53,447 $284,847
2024 $2,085 $213,677 $44,511 $169,166
2023 $2,085 $213,677 $44,511 $169,166
2022 $2,085 $213,677 $44,511 $169,166
2021 $1,978 $213,677 $44,511 $169,166
2020 $1,978 $213,677 $44,511 $169,166
2019 $1,978 $21,367,700 $4,451,100 $16,916,600
2018 $1,674 $213,677 $44,511 $169,166
2017 $1,624 $213,677 $0 $0
2016 -- $223,032 $0 $0
2015 -- $223,032 $0 $0
2014 -- $223,032 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nancy Freeman

    Seller's Agent in 2013

    Nancy Freeman

    Freeman Realty

    (252) 287-9104

    180 Total Sales

    Nancy Freeman
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Map

Source: Roanoke Valley Lake Gaston Board of REALTORS®

MLS Number: 107660

APN: 04-01052

North Carolina Gates County Gates 27937

1069 Drum Hill Rd, Gates, NC

Not Listed for Sale

Detached

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