NOT LISTED FOR SALE

1118 Shady Ln Madison, NC 27025

Estimated Value: $132,000 - $186,000

3 Beds
1 Bath
1,070 Sq Ft
$155/Sq Ft Est. Value

Last Sold May 31, 2013

Last sale price $69,000 $64 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,032/month

340 Days on Market

Highlights

  • No HOA
  • Garden
  • Forced Air Heating and Cooling System
  • Attached Carport
  • Outdoor Storage

About This Home

As of May 2013

Priced Below Tax value.Better Hurry, This home will not last long. Nice 3 bedroom home with privacy, large living room, bedrooms with hardwood floors, paved drive, carport, 2 storage buildings, updated windows and siding. Extra lot included at this price for a total of 150ft X 170 ft lot. Reduced to 74,900.

Last Agent to Sell the Property

Jeff Biggs

JEFF BIGGS REALTY, INC License #137580 Listed on: 05/10/2012

Last Buyer's Agent

Steve Aheron

Steve Aheron Realty License #182450

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,159

Year Built

  • Built in 1963

Lot Details

  • 25,483 Sq Ft Lot
  • Lot Dimensions are 150 x 170
  • Garden

Parking

  • 1 Car Garage
  • Attached Carport
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,070 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Storage

Schools

  • Western Rockingham Middle School
  • Mcmichael High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 118507
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,159

Year Built

Built in 1963

Lot Details

0.59 Acres

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.585
  • Lot Size: 150 x 170
  • Directions: Hwy 220 North to Madison exit, Hwy 704 W, to Hwy 311, rt on Island Dr, left on Shady Lane.
  • Above Grade Finished Sq Ft: 1070
  • Unit Levels: One
  • Year Built: 1963
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1070
  • TRIADMLS_BuiltInformation: Estimated
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1070
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Exterior Features: Garden
  • Construction Type: Vinyl Siding
  • Other Structures: Storage

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Driveway, Attached Carport
  • Garage Description: Attached Carport

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Dillard
  • High School: McMichael
  • Middle Or Junior School: Western Rockingham

Lot Info

  • Parcel #: 118507
  • Zoning: R

Tax Info

  • Tax Annual Amount: 1159
  • Tax Year: 2011
  • TRIADMLS_TaxRate: 1.428

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2012
Closed on
May 31, 2013
Sold by
Rumley Edith P and Rumley Charles P
Bought by
Rorrer Christopher Taylor and Rorrer Courtney Burroughs
Seller's Agent
Jeff Biggs
JEFF BIGGS REALTY, INC
Buyer's Agent
Steve Aheron
Steve Aheron Realty
List Price
$89,500
Sold Price
$69,000
Premium/Discount to List
-$20,500
-22.91%
Current Estimated Value
$166,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,315
Avg. Annual Appreciation
7.10%
Original Mortgage
$70,000
Outstanding Balance
$51,442
Interest Rate
4.25%
Mortgage Type
Unknown
Estimated Equity
$114,873
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
Rorrer Christopher Taylor $69,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rorrer Christopher Taylor $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2013 05/31/13 Sold $69,000 -22.9% $64 / Sq Ft
04/16/2013 04/16/13 Pending -- -- --
05/10/2012 05/10/12 For Sale $89,500 -- $84 / 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 $1,716 $134,039 $13,462 $120,577
2024 $1,716 $134,039 $13,462 $120,577
2023 $1,716 $78,257 $12,190 $66,067
2022 $1,115 $78,257 $12,190 $66,067
2021 $1,115 $78,257 $12,190 $66,067
2020 $1,115 $78,257 $12,190 $66,067
2019 $1,115 $78,257 $12,190 $66,067
2018 $1,080 $75,736 $16,630 $59,106
2017 $1,080 $75,736 $16,630 $59,106
2015 $1,091 $75,736 $16,630 $59,106
2014 -- $75,736 $16,630 $59,106
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 642567

Triad MLS

APN: 118507

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