NOT LISTED FOR SALE

115 Sarem Rd Gates, NC 27937

Estimated Value: $100,000 - $240,000

2 Beds
1 Bath
1,158 Sq Ft
$145/Sq Ft Est. Value

Last Sold April 27, 2017

Last sale price $45,000 $39 Per Sq Ft

Est. 272% increase in value since last sale

Current estimated payment $964/month

346 Days on Market

Highlights

  • Barn
  • Wood Flooring
  • No HOA
  • Horses Allowed On Property
  • 1 Fireplace
  • Storm Windows

About This Home

As of April 2017

Great opportunity to get a home on acreage in Gates Co. at way below tax value. The home does need some repairs but they appear to be mostly cosmetic. The oil furnace isn't very old. Two parcels are being sold for one low price. Most of the land is wooded but could be cleared if you wanted to have horses, goats, chickens etc.

Last Agent to Sell the Property

Bennett White

Joe Murray Realty, Llc Listed on: 05/16/2016

Last Buyer's Agent

Joe Murray

Joe Murray Realty, Llc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $927

Year Built

  • Built in 1952

Lot Details

  • 4.48

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,158 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Crawl Space
  • Attic Access Panel
  • Storm Windows
  • Stove
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • On Site Septic
  • Septic Tank

Additional Features

  • 4.48 Acre Lot
  • Barn
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$927

Year Built

Built in 1952

Lot Details

4.48 Acres

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Stove/Oven - Electric
  • List Priceper Sq Ft: 50.95
  • Total Real Estate Property Taxes: 927.00
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Fireplace: 1
  • Flooring: Vinyl, Wood
  • Interior Amenities: Wash/Dry Connect
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 2
  • Sq Ft Heated: 1158.00
  • Stories Levels: One
  • Total Heated Primary Separate Sq Ft: 1158.00

Exterior Features

  • Exterior Features: Storm Windows
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Barn(s)
  • Fencing: None
  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage And Parking: None
  • Detached Garage Spaces: 1.00
  • Parking Driveway: Gravel

Utilities

  • Cooling System: None
  • Heating System: Forced Air
  • Service Providers Electric Provider: Dominion NC Power
  • Utilities: Municipal Water, Septic On Site
  • Water Heater: Electric
  • Heating System Fuel Source: Oil

Association/Amenities

  • H O A: No

Lot Info

  • Deed Page: 39.00
  • Lot Acres: 4.48
  • Lot Sq Ft: 195148.80
  • Lot Water Features: None

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2024
Sold by
J Roger Lane Declaration Of Trust and Rita H Lane Declaration Of Trust
Bought by
Melton Ronald
Current Estimated Value
$167,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Outstanding Balance
$58,940
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$108,654

Purchase Details

Listed on
May 16, 2016
Closed on
Apr 20, 2017
Sold by
Ballard John D and Ballard Mollie M
Bought by
Lane J Roger and Lane Rita H
Seller's Agent
Bennett White
Joe Murray Realty, Llc
Buyer's Agent
Joe Murray
Joe Murray Realty, Llc
Sold Price
$45,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.92%

Purchase Details

Closed on
Jan 19, 1995
Bought by
Ballard Annie Smith
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Melton Ronald $70,000 None Listed On Document
Lane J Roger $45,000 None Available
Ballard Annie Smith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melton Ronald $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2017 04/27/17 Sold $45,000 0.0% $39 / Sq Ft
09/10/2016 09/10/16 Off Market $45,000 -- --
Source: Hive 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 $979 $102,886 $33,776 $69,110
2024 $921 $76,279 $29,456 $46,823
2023 $921 $76,279 $29,456 $46,823
2022 $921 $76,279 $29,456 $46,823
2021 $883 $76,279 $29,456 $46,823
2020 $883 $76,279 $29,456 $46,823
2019 $883 $7,627,900 $2,945,600 $4,682,300
2018 $620 $76,279 $29,456 $46,823
2017 $580 $76,279 $0 $0
2016 -- $81,551 $0 $0
2015 -- $81,551 $0 $0
2014 -- $81,551 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 882641

Hive MLS

APN: 03-01269

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