$13,850
SOLD JAN 23, 2015

1221 Rainey Dr Spring Lake, NC 28390

2 Beds
1 Bath
950 Sq Ft
0.47 Acres

Recently Sold

$15 Per Sq Ft

71 Days on Market

Highlights

  • Ranch Style House
  • Fireplace
  • Ceiling Fan
  • No HOA
  • Forced Air Heating System
  • Carpet

About This Home

As of September 2023

-2 Bdrm/1 bath home ready for a new owner! Great rental potential! PROPERTY WAS BUILT PRIOR TO 1978 AND LEAD BASED PAINT POTENTIALLY EXISTS.THIS PROPERTY IS UNINHABITABLE AND/OR SEVERLY DAMAGED WITH DETERIORATED SURFACES THAT WILL NOT BE TREATED BY VA AND WHICH MAY NEED TO BE OPENED OR REMOVED.

Last Agent to Sell the Property

LITCHFIELD REO TEAM

LITCHFIELD REALTY License #. Listed on: 10/30/2014

Last Buyer's Agent

PATTY HERRERA

EXP REALTY LLC License #208282

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $552

Year Built

  • Built in 1941

Lot Details

  • Lot Dimensions are 102 x 199 x 104 x 199
  • Property is in average condition
  • Zoning described as RA-20M - Residential/Agricultural

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 950 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Overhills Elementary School
  • Overhills Middle School
  • Overhills Senior High School

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Twin Lakes Subdivision

Listing and Financial Details

  • Exclusions: -n/a
  • Tax Lot 17
  • Assessor Parcel Number 0105140250

Home Details

Home Type

Single Family

Est. Annual Taxes

$552

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 102 x 199 x 104 x 199
  • Inclusions: -n/a
  • Ownership: Less than a year
  • Subdivision Name: TWIN LAKES
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1941
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 20

Interior Features

  • Appliances: Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s), Master Downstairs
  • Living Area: 950.0

Exterior Features

  • Lot Features: <1 Acre
  • Exclusions: -n/a
  • Construction Type: Vinyl Siding
  • Property Condition: Average Condition

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • Sewer: County Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Overhills Elementary
  • High School: Overhills Senior High
  • Middle Or Junior School: Overhills Middle School

Lot Info

  • Parcel #: 0105140250
  • Zoning Description: RA-20M - Residential/Agricultural
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Aug 31, 2023
Sold by
Turbeville Larry K and Turbeville Becky Jo
Bought by
Williams Natalie Marie and Williams Timothy Matthew
Seller's Agent
Megan Sorrell
Ann Milton Realty
Buyer's Agent
Lori Byrd
Manning Realty
List Price
$105,000
Sold Price
$125,000
Premium/Discount to List
$20,000
19.05%
Views
76
Current Estimated Value
$147,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,855
Avg. Annual Appreciation
8.67%
Original Mortgage
$118,750
Outstanding Balance
$116,203
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$31,652

Purchase Details

Listed on
Oct 30, 2014
Closed on
Jan 21, 2015
Sold by
Secretary Of Veterans Affairs
Bought by
Turbeville Larry K and Turbeville Becky Jo
Seller's Agent
LITCHFIELD REO TEAM
LITCHFIELD REALTY
Buyer's Agent
PATTY HERRERA
EXP REALTY LLC
List Price
$13,850
Sold Price
$13,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.00%

Purchase Details

Closed on
Sep 13, 2014
Sold by
Mangus Christine M and Mangus Ronnie L
Bought by
The Secretary Of Veterans Affairs

Purchase Details

Closed on
Feb 13, 2006
Sold by
Chavis Alvin M
Bought by
Mangus Christine M and Mangus Ronnie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,161
Interest Rate
6.14%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $125,000 None Listed On Document
Warranty Deed $125,000 None Listed On Document
Warranty Deed -- None Available
Trustee Deed $18,711 None Available
Warranty Deed $54,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $118,750 New Conventional
Closed $118,750 New Conventional
Previous Owner $15,333 Unknown
Previous Owner $55,161 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2023 09/13/23 Sold $125,000 +19.0% $134 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $105,000 +658.1% $112 / Sq Ft
01/23/2015 01/23/15 Sold $13,850 0.0% $15 / Sq Ft
01/09/2015 01/09/15 Pending -- -- --
10/30/2014 10/30/14 For Sale $13,850 -- $15 / Sq Ft
Source: Longleaf Pine REALTORS®

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 $552 $66,636 $0 $0
2024 $552 $66,636 $0 $0
2023 $613 $66,636 $0 $0
2022 $613 $66,636 $0 $0
2021 $613 $61,380 $0 $0
2020 $613 $61,380 $0 $0
2019 $598 $61,380 $0 $0
2018 $598 $61,380 $0 $0
2017 $598 $61,380 $0 $0
2016 $589 $60,310 $0 $0
2015 $589 $60,310 $0 $0
2014 $589 $60,310 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Longleaf Pine REALTORS®

MLS Number: 435088

Longleaf Pine REALTORS®

APN: 010514 0250