NOT LISTED FOR SALE

127 Elder Ln Troutman, NC 28166

Estimated Value: $82,000 - $230,000

2 Beds
1 Bath
1,018 Sq Ft
$150/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $63,500 $62 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $874/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Level Lot
  • Detached Garage

About This Home

As of June 2022

Investor's Jackpot! Located in close proximity to beautiful and growing downtown Troutman, this home sits on .8 acres and sits toward the end of a dead-end street. The home features 2 beds, 1 bath, rear sunporch/room, 2 detached buildings, and 2 car garage, and the power is on! Water stains noted in some walls from roof, there seems to be some move in the floor throughout unsure if it is subfloor or structural issue. Unsure of condition of detached sheds. The home needs work. Make this your next flip project and bring your offers!!

Last Agent to Sell the Property

Team Heidi

Hines & Associates Realty LLC License #169147 Listed on: 05/25/2022

Hines & Associates Realty LLC

Co-Listed By

Jennifer Stafford

EXP Realty LLC Mooresville License #303569

Last Buyer's Agent

Jordan Boyarsky

Lake Norman Realty, Inc. License #312739

Lake Norman Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $755

Year Built

  • Built in 1940

Lot Details

  • Level Lot
  • Property is zoned R-T, RT

Parking

  • Detached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,018 Sq Ft Home
  • Linoleum Flooring
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outbuilding

Utilities

  • Water Tap or Transfer Fee
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4731-65-9730.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$755

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1940
  • Ratio Current Price By Acre: 77439.02
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Linoleum
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1018
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Front,Side
  • Appliances: Other
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1018
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Outbuilding(s)
  • New Construction: No
  • Roof: Composition
  • Tax Location: Troutman
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 400
  • Parking Features: Detached, Garage - 2 Car

Utilities

  • Heating: Window Unit(s)
  • Sewer: Public Sewer, Septic Installed, Tap Fee Required, Other
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public, Tap Fee Required, Well, Other

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.82
  • Lot Size Units: Acres
  • Parcel Number: 4731-65-9730.000
  • Zoning Description: RT

Tax Info

  • RATIO List Price By Tax Amount: 2.94395

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2024
Sold by
Katsanos Nicholas
Bought by
Katsanos Nicholas and Katsanos James Anthony
Current Estimated Value
$152,939

Purchase Details

Listed on
May 25, 2022
Closed on
Jun 23, 2022
Sold by
Evans and Treava
Bought by
Katsanos Nicholas
Seller's Agent
Team Heidi
Hines & Associates Realty LLC
Buyer's Agent
Jordan Boyarsky
Lake Norman Realty, Inc.
List Price
$125,000
Sold Price
$63,500
Premium/Discount to List
-$61,500
-49.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.42%

Purchase Details

Closed on
Jan 1, 2022
Sold by
Scott Martha J and Scott Lester G
Bought by
Evans Dwain and Evans Treava

Purchase Details

Closed on
Jun 1, 1981

Purchase Details

Closed on
Jun 1, 1977

Purchase Details

Closed on
Jun 1, 1971
Source: Public Records

Range of Values:

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Average Value
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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
Katsanos Nicholas -- None Listed On Document
Katsanos Nicholas -- None Listed On Document
Katsanos Nicholas $63,500 Coley Law Firm Pllc
Evans Dwain -- Crawford Tyler
-- -- --
-- -- --
-- $2,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $63,500 -49.2% $62 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $125,000 -- $123 / 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
2024 $755 $63,190 $25,000 $38,190
2023 $755 $63,190 $25,000 $38,190
2022 $551 $42,460 $9,900 $32,560
2021 $543 $42,460 $9,900 $32,560
2020 $543 $42,460 $9,900 $32,560
2019 $533 $42,460 $9,900 $32,560
2018 $522 $42,040 $9,900 $32,140
2017 $522 $42,040 $9,900 $32,140
2016 $522 $42,040 $9,900 $32,140
2015 $501 $42,040 $9,900 $32,140
2014 -- $40,780 $9,900 $30,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3862351

Canopy MLS (Canopy Realtor® Association)

APN: 4731-65-9730.000