NOT LISTED FOR SALE

112 Colony Ln Elkin, NC 28621

Estimated Value: $393,000 - $502,000

4 Beds
4 Baths
3,500 Sq Ft
$131/Sq Ft Est. Value

Last Sold November 18, 2016

Last sale price $245,000 $70 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $2,729/month

50 Days on Market

Highlights

  • Great Room with Fireplace
  • Wood Flooring
  • No HOA
  • Elkin Middle School Rated A
  • Attic
  • 2 Car Detached Garage

About This Home

As of November 2016

High-quality home,excellent neighborhood, completely remodeled/updated.4BR/4baths one level brick approx. 3,300 sq.ft.,new roof, 2 heat pumps. open floor plan, custom-designed kitchen cabinets, large breakfast room, home office,beautiful hardwood floors, built-in cabinets.Two master suites,large walk-in closets.Approx. 1.5 acres are fruit trees and landscaping to admire from the large private back deck.Two car detached garage. Move-in ready. 1 year home warranty and will pay a portion of closing costs.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,322

Year Built

  • Built in 1971

Lot Details

  • 1.5 Acre Lot
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,300 Sq Ft Home
  • 2,900-3,500 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Insulated Doors
  • Great Room with Fireplace
  • 2 Fireplaces
  • Den with Fireplace
  • Dryer Hookup
  • Attic

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

  • Elkin Middle School
  • Elkin High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 496109161676
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,322

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 1.5
  • Co List Office Mls Id: WCHP01
  • Co List Office Phone: 336-526-1155
  • Subdivision Name: None
  • Directions: Hwy 268 East to Johnson Ridge on the left. Turn left on Colony, house is first on the right.
  • Above Grade Finished Sq Ft: 3300
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1971
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Built-in Features, Dead Bolt(s), In-Law Floorplan, Kitchen Island, Pantry
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: Insulated Doors
  • Fireplace Features: Den, Great Room
  • Fireplaces: 2
  • Living Area: 3300
  • Main Level Bathrooms: 4
  • Attic Description: Access Only
  • TRIADMLS_FullBathsMain: 4
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Exterior Features: Garden
  • Lot Features: City Lot, Level
  • Construction Type: Brick
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, Detached
  • Garage Description: Detached Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric
  • Energy Features: Insulated Doors, Insulated Windows

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Parcel #: 496109161676
  • Zoning: R
  • TRIADMLS_PricePerAcre: 179933.3333
  • TRIADMLS_DeedPage: 517
  • TRIADMLS_DeedBook: 524
  • TRIADMLS_AcresRange: 1 - 2

Tax Info

  • Tax Annual Amount: 3322
  • Tax Year: 2015
  • TRIADMLS_TaxRate: 1.27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2016
Closed on
Nov 17, 2016
Sold by
Justis Martha Smerda
Bought by
Reed Andrew Bryan and Reed Julie Chappell
List Price
$269,900
Sold Price
$245,000
Premium/Discount to List
-$24,900
-9.23%
Total Days on Market
50
Current Estimated Value
$458,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,354
Avg. Annual Appreciation
8.39%
Original Mortgage
$232,750
Outstanding Balance
$191,376
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$297,163

Purchase Details

Closed on
Jul 1, 1992

Purchase Details

Closed on
Oct 1, 1989

Purchase Details

Closed on
Mar 1, 1988

Purchase Details

Closed on
Dec 1, 1970
Source: Public Records

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Range of Values:

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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
Reed Andrew Bryan $245,000 None Available
-- $112,000 --
-- $108,000 --
-- $75,500 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Andrew Bryan $232,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2016 11/18/16 Sold $245,000 -9.2% $84 / Sq Ft
10/07/2016 10/07/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $269,900 -- $93 / 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
2024 $1,994 $286,780 $27,600 $259,180
2023 $1,708 $286,780 $27,600 $259,180
2022 $1,733 $252,380 $27,600 $224,780
2021 $1,761 $252,380 $27,600 $224,780
2020 $1,797 $245,400 $27,600 $217,800
2019 $1,794 $245,400 $0 $0
2018 $1,766 $245,400 $0 $0
2017 $1,791 $245,400 $0 $0
2016 $1,754 $243,640 $0 $0
2013 -- $261,600 $0 $0
Source: Public Records

Map

Source: Triad MLS

MLS Number: 804648

Triad MLS

APN: 4961-09-16-1676