NOT LISTED FOR SALE

1205 Pennington Rd Albemarle, NC 28001

Estimated Value: $149,000 - $221,000

2 Beds
1 Bath
1,018 Sq Ft
$193/Sq Ft Est. Value

Last Sold May 07, 2019

Last sale price $129,000 $127 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,166/month

2 Days on Market

Highlights

  • Greenhouse
  • Traditional Architecture
  • Fire Pit
  • Fruit Trees
  • Wood Flooring
  • Storm Doors

About This Home

As of May 2019

Several years ago, a young aspiring and self-reliant family had a dream. They wanted their children to thrive and explore nature. They traded in conventional life for one that celebrates local food and the land it comes from. They successfully set out to restore this circa-1940s cottage farmhouse near downtown Albemarle NC and convert the land into a sustainable organic small homestead - fresh eggs, heirloom tomatoes, and blueberries too numerous to harvest. The land offers open pasture spaces and forest with a seasonal creek. Fruit trees. Grape trellis. Wired greenhouse, chicken coop, and metal workshop. They worked hard to create rich raised bed gardens. Beautiful flowering trees and bushes surround the home including dogwoods, azaleas, and peonies. The current owners are relocating to another state. A new story is ready to begin, bring your animals, bee hives and plenty of canning jars. Stainless refrig stays. New stainless dishwasher. New HVAC. Totally updated electrical service.

Last Agent to Sell the Property

Jonathan Roberts

Jonathan Roberts Realty Inc License #24628 Listed on: 03/22/2019

Co-Listed By

Rick Hodge

Jonathan Roberts Realty Inc License #307231

Last Buyer's Agent

Donna Richards

Howard Hanna Allen Tate Southland Homes + Realty LLC License #230423

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • Open Lot
  • Fruit Trees
  • Wooded Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1 Full Bathroom
  • Insulated Windows
  • Crawl Space
  • Pull Down Stairs to Attic
  • Storm Doors

Flooring

  • Wood
  • Tile
  • Vinyl

Outdoor Features

  • Fire Pit
  • Greenhouse
  • Shed

Additional Features

  • Crops
  • Heating System Uses Propane

Listing and Financial Details

  • Assessor Parcel Number 6538-02-69-8373

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 39209.73
  • Ratio Current Price By Sq Ft: 126.72
  • Year Built: 1941
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Doors and Windows: Insulated Windows, Storm Door(s)
  • Equipment: Ceiling Fan(s), Cable Prewire, Dishwasher, Electric Range, Exhaust Fan, Ice Maker Connection, Refrigerator, Exhaust Hood, Self Cleaning Oven, Electric Oven
  • Fixture Exception Description: hooks behind front door, church bird feeder, kennel connected to chicken coop
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Attic Stairs Pulldown, Walk-In Pantry
  • Laundry Location: Main, Utility Room
  • Room Count: 1
  • Main Level Sq Ft: 1018
  • Total Sq Ft: 1018

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fire pit, Greenhouse, Shed(s)

Garage/Parking

  • Driveway: Concrete, Gravel
  • Parking: Carport - 3 Car, Driveway

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Propane
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 396x552x336x164x100x100
  • Lot Features: Fruit Trees, Open Lot, Trees, Crops, Wooded
  • Lot Size Area: 3.290
  • Parcel Number: 6538-02-69-8373
  • Zoning Specification: R-8

Tax Info

  • Tax Value: 81435.00
  • Tax Location: Albemarle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2019
Closed on
May 6, 2019
Sold by
Wilmoth Joslah David and Wilmoth Elizabeth
Bought by
Skaggs Hilbert D
Seller's Agent
Jonathan Roberts
Jonathan Roberts Realty Inc
Buyer's Agent
Donna Richards
Howard Hanna Allen Tate Southland Homes + Realty LLC
List Price
$129,000
Sold Price
$129,000
Current Estimated Value
$196,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,176
Avg. Annual Appreciation
6.72%
Original Mortgage
$125,130
Outstanding Balance
$109,565
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$86,611

Purchase Details

Closed on
May 24, 2016
Sold by
Litaker Lallary E and Litaker Linda H
Bought by
Wilmoth Josiah David and Wilmoth Elizabeth

Purchase Details

Closed on
Oct 31, 2013
Sold by
Blalock Janice L and Blalock Eddie L
Bought by
Litaker Larry E and Litaker Linda H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
4.52%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Skaggs Hilbert D $129,000 None Available
Wilmoth Josiah David $85,000 Attorney
Litaker Larry E $35,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skaggs Hilbert D $125,130
Previous Owner Litaker Larry E $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2019 05/07/19 Sold $129,000 0.0% $127 / Sq Ft
03/24/2019 03/24/19 Pending -- -- --
03/22/2019 03/22/19 For Sale $129,000 -- $127 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $1,507 $134,578 $47,050 $87,528
2024 $1,193 $97,791 $27,225 $70,566
2023 $1,193 $97,791 $27,225 $70,566
2022 $1,193 $97,791 $27,225 $70,566
2021 $1,193 $97,791 $27,225 $70,566
2020 $1,056 $81,435 $22,925 $58,510
2019 $1,067 $81,435 $22,925 $58,510
2018 $1,067 $81,435 $22,925 $58,510
2017 $1,026 $81,435 $22,925 $58,510
2016 $627 $49,775 $20,815 $28,960
2015 $634 $49,775 $20,815 $28,960
2014 $392 $49,775 $20,815 $28,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3487295

Canopy MLS (Canopy Realtor® Association)

APN: 6538-02-69-8373