NOT LISTED FOR SALE

140 Freeman Hill New London, NC 28127

Estimated Value: $1,669,000 - $2,237,170

5 Beds
4.5 Baths
8,000 Sq Ft
$233/Sq Ft Est. Value

Last Sold October 18, 2023

Last sale price $2,200,000 $275 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $10,851/month

8 Days on Market

Highlights

  • Lake Front
  • Lake Property
  • Great Room with Fireplace
  • Pier or Dock
  • Deck
  • Wood Flooring

About This Home

As of October 2023

Showstopping waterfront lake home w/in the highly sought-after Old North State Club gated community! The open floorplan’s light, bright, fresh & clean aesthetic welcomes you into the home & sets the tone for entertaining guests. Many recent upgrades ensure the convenience of modern living w/technology in mind, including 2 new AC units, new roof, whole house water filter/conditioner, WiFi irrigation system, security cameras, composite deck & custom living room remote shades. The spacious chef’s kitchen opens to a sunny breakfast nook w/custom banquette & scullery off the kitchen Lovely primary suite w/balcony overlooking Badin Lake. Cozy screened porch & uncovered/covered outdoor entertaining spaces. Stunning lower level boasts stonework w/fireplace, newly constructed bar area, game area, temp controlled wine cellar & 2nd laundry w/dog spa. Pathway to your new private pier features built-in stone fire pit. 3-car attached garage. Join the Club for championship golf, amenities & dining!

Last Agent to Sell the Property

Rob Brady

Old North State Realty License #298270 Listed on: 08/25/2023

Last Buyer's Agent

Rob Brady

Old North State Realty License #298270 Listed on: 08/25/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,704

Year Built

  • Built in 1996

Lot Details

  • 1.12 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Property is zoned Res-1

HOA Fees

  • $229 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Circular Driveway

Home Design

  • Brick Exterior Construction
  • Stone

Interior Spaces

  • 7,598 Sq Ft Home
  • 6,800-8,000 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • 2 Fireplaces
  • Lake Views
  • Finished Basement
  • Fireplace in Basement
  • Alarm System

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Lake Property
  • Deck
  • Patio

Schools

  • West Middle School
  • Troy High School

Utilities

  • Central Air
  • Floor Furnace
  • Heating System Uses Propane
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 667214334274
  • 1% Total Tax Rate

Community Details

Overview

  • Uwharrie Point Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,704

Year Built

Built in 1996

Lot Details

0

HOA Fees

$229 per month

Parking

3

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 1.12
  • Subdivision Name: Uwharrie Point
  • Directions: From Greensboro take US Rt 220 S to NC Rt 49 S. Follow NC Rt 49 S towards Charlotte for approx 25 miles to a flashing light (service station) turn left. Follow the directional sign @ 3 miles to the Old North State Club entry gate.
  • Above Grade Finished Sq Ft: 7598
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1996
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 2200 - 2700
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 6800 - 8000
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Cook Top,Dishwasher,Disposal,Double Oven, Water Heater: Electric
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Alarm and/or Security System, Ceiling Fan(s), Gas Logs, Wet Bar
  • Has Basement: Finished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 2483
  • Fireplace Features: Basement, Great Room
  • Fireplaces: 2
  • Living Area: 7598
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsLower: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Exterior Features: Circle Drive, Deck, Patio, Pier
  • Lot Features: Cul-De-Sac, Lake, Lake Front, Lake View, Views, Waterview
  • Pool Features: None
  • Construction Type: Brick, Stone
  • Foundation Details: Basement
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Driveway, Garage, Circular Driveway, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Public
  • Cooling: Central Air
  • Heating: Floor Furnace, Electric, Propane
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Propane Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 687.5
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Troy
  • Middle Or Junior School: West

Lot Info

  • Parcel #: 667214334274
  • Zoning: Res-1
  • TRIADMLS_PricePerAcre: 1964285.7143
  • TRIADMLS_DeedPage: 546
  • TRIADMLS_DeedBook: 867
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 6704
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 0.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Sep 21, 2023
Sold by
Budd Vincent Theodore and Budd Bridget Nicole
Bought by
Russo Michael J and Russo Leslie A
Seller's Agent
Rob Brady
Old North State Realty
Buyer's Agent
Rob Brady
Old North State Realty
List Price
$2,200,000
Sold Price
$2,200,000
Views
24
Current Estimated Value
$1,861,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$338,610
Avg. Annual Appreciation
-8.46%

Purchase Details

Listed on
Jan 29, 2021
Closed on
Feb 25, 2021
Sold by
Lonon James C and Lonon Trenna J
Bought by
Budd Vincent Theodore and Budd Bridget Nicole
Seller's Agent
Peter Hatheway
RE/MAX Executive
Buyer's Agent
Kim Grace
Coldwell Banker Realty
List Price
$1,300,000
Sold Price
$1,250,000
Premium/Discount to List
-$50,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.98%
Original Mortgage
$650,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2017
Sold by
Allen Mari Ann
Bought by
Lonon James C and Lonon Trenna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,100
Interest Rate
3.9%
Mortgage Type
New Conventional
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
Russo Michael J $2,200,000 None Listed On Document
Budd Vincent Theodore $1,250,000 None Available
Lonon James C $825,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Budd Vincent Theodore $650,000
Previous Owner Lonon James C $281,150
Previous Owner Lonon James C $453,100
Previous Owner Peraldo Loe L $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $2,200,000 0.0% $324 / Sq Ft
09/03/2023 09/03/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $2,200,000 +76.0% $324 / Sq Ft
03/03/2021 03/03/21 Sold $1,250,000 -3.8% $176 / Sq Ft
01/30/2021 01/30/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $1,300,000 +57.6% $183 / Sq Ft
01/15/2018 01/15/18 Sold $825,000 -25.0% $131 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $1,100,000 +46.7% $175 / Sq Ft
05/15/2013 05/15/13 Sold $750,000 -37.2% $102 / Sq Ft
04/16/2013 04/16/13 Pending -- -- --
04/27/2012 04/27/12 For Sale $1,195,000 -- $163 / Sq Ft
Source: Triad MLS

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 $6,704 $978,696 $302,250 $676,446
2024 $6,704 $978,696 $302,250 $676,446
2023 $6,704 $978,696 $302,250 $676,446
2022 $6,704 $978,696 $302,250 $676,446
2021 $6,557 $978,696 $302,250 $676,446
2020 $6,557 $978,696 $302,250 $676,446
2018 $8,942 $1,324,800 $303,600 $1,021,200
2017 $8,942 $1,324,800 $303,600 $1,021,200
2016 $8,942 $1,324,800 $303,600 $1,021,200
2015 $8,346 $1,324,800 $0 $0
2014 $8,346 $1,324,838 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1117343

Triad MLS

APN: 6672-14-33-4274