NOT LISTED FOR SALE

116 S Payne St Lexington, NC 27292

Estimated Value: $320,603 - $353,000

4 Beds
2 Baths
2,400 Sq Ft
$140/Sq Ft Est. Value

Sale Details

Date Sold: January 12, 2022

Last sale price $265,000 $110 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,039 / mo

18 Days on Market

Highlights

  • The property is located in a historic district
  • Attic
  • Solid Surface Countertops
  • Wood Flooring
  • Great Room with Fireplace
  • No HOA

About This Home

As of January 2022

Step into this warm, bright and spacious 4 BR, 2BA charmer in Lexington's popular historical district. Just a quick walk to uptown Lexington where you can enjoy morning coffee, lunch, shopping or an evening beer. Large family room with fireplace is flooded with natural light and overlooks fenced backyard. Wake up to farm fresh eggs if you'd like as the adorable chicken coop/run will convey. This home is so cozy and welcoming! Nice deck for relaxing evenings. Welcome home!
GOING LIVE SATURDAY, 11/20! Call for an appointment today!
** Listing agents are related to the sellers

Last Agent to Sell the Property

Elizabeth Lancaster

Center Towne Realtors License #193385 Listed on: 11/01/2021

Co-Listed By

Sandra Snyder

Center Towne Realtors License #187888

Last Buyer's Agent

Wayne Alley

Center Towne Realtors License #36168

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,625

Year Built

  • Built in 1939

Lot Details

  • Partially Fenced Property
  • Garden
  • Property is zoned TN

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,277 Sq Ft Home
  • 2,000-2,400 Sq Ft Home
  • Property has 1 Level
  • Built-In Features
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Unfinished Basement
  • Partial Basement
  • Attic Fan

Kitchen

  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Porch

Location

  • The property is located in a historic district
  • City Lot

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1109000110004
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,625

Year Built

Built in 1939

Lot Details

0.38 Acres

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size: 110RF x 132 x 59 x 61 x 51.2 x 189
  • Co List Office Mls Id: LCGR02
  • Co List Office Phone: 336-249-2988
  • Subdivision Name: None
  • Directions: From Main St, continue onto West Center St. L on S Payne St. Home is on the right.
  • Above Grade Finished Sq Ft: 2277
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1939
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2000 - 2400
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Slide-In Oven/Range, Range Hood, Electric Water Heater
  • Flooring: Tile, Wood
  • Interior Amenities: Great Room, Built-in Features, Ceiling Fan(s), Dead Bolt(s), Interior Attic Fan, Pantry, Solid Surface Counter
  • Has Basement: Unfinished, Basement, Partial
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Great Room
  • Fireplaces: 1
  • Living Area: 2277
  • Main Level Bathrooms: 2
  • Attic Description: Access Only
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes

Exterior Features

  • Exterior Features: Garden
  • Fencing: Fenced, Partial
  • Lot Features: City Lot, Historic District
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage, Paved, Driveway, Garage Door Opener, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 1109000110004
  • Zoning: TN
  • TRIADMLS_AcresRange: -

Tax Info

  • Tax Annual Amount: 1624.53
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 1.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
Jan 12, 2022
Sold by
Lee Brady S and Lee Jennifer C
Bought by
Jarrett Thomas P and Jarrett Nita W
Seller's Agent
Elizabeth Lancaster
Center Towne Realtors
Buyer's Agent
Wayne Alley
Center Towne Realtors
List Price
$239,900
Sold Price
$265,000
Premium/Discount to List
$25,100
10.46%
Current Estimated Value
$337,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,151
Avg. Annual Appreciation
5.72%
Original Mortgage
$245,000
Outstanding Balance
$225,916
Interest Rate
3.15%
Mortgage Type
New Conventional
Estimated Equity
$111,235

Purchase Details

Closed on
May 2, 2018
Sold by
Lwa Llc
Bought by
Brady Lee S and Brady Jennifer C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2017
Closed on
Nov 21, 2017
Sold by
Perry Michael W
Bought by
Lwa Llc
Buyer's Agent
Wayne Alley
Center Towne Realtors
List Price
$97,500
Sold Price
$70,000
Premium/Discount to List
-$27,500
-28.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.37%

Purchase Details

Closed on
Aug 9, 2002
Bought by
Perry John U
Source: Public Records
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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
Jarrett Thomas P $530 Curry Holly B
Brady Lee S $122,000 None Available
Lwa Llc $70,000 None Available
Perry Michael W -- None Available
Perry John U $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jarrett Thomas P $245,000
Previous Owner Brady Lee S $115,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/12/2022 01/12/22 Sold $265,000 +10.5% $133 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $239,900 +242.7% $120 / Sq Ft
11/21/2017 11/21/17 Sold $70,000 -28.2% $35 / Sq Ft View Prior Sale
11/03/2017 11/03/17 Pending -- -- --
07/24/2017 07/24/17 For Sale $97,500 -- $49 / 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 $2,872 $220,890 $0 $0
2024 $2,872 $220,890 $0 $0
2023 $2,872 $220,890 $0 $0
2022 $1,612 $124,010 $0 $0
2021 $1,612 $124,010 $0 $0
2020 $1,225 $94,910 $0 $0
2019 $601 $94,910 $0 $0
2018 $1,243 $94,910 $0 $0
2017 $1,249 $95,320 $0 $0
2016 $1,249 $95,320 $0 $0
2015 $1,201 $95,320 $0 $0
2014 $1,503 $119,310 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1047268

Triad MLS

APN: 11-090-0-011-0004-0-0-0

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