NOT LISTED FOR SALE

140 Freeman Hill New London, NC 28127

Estimated Value: $1,844,000 - $2,548,000

5 Beds
4.5 Baths
7,598 Sq Ft
$283/Sq Ft Est. Value

Last Sold October 18, 2023

Last sale price $2,200,000 $290 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $12,225/month

9 Days on Market

Highlights

  • Pier
  • Fitness Center
  • Clubhouse
  • Golf Course Community
  • Waterfront
  • Wooded Lot

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 Brokerage Email: rob@oldnorthstaterealty.com License #298270 Listed on: 08/25/2023

Last Buyer's Agent

Rob Brady

Old North State Realty Brokerage Email: rob@oldnorthstaterealty.com 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

  • Waterfront
  • Cul-De-Sac
  • Wooded Lot
  • Property is zoned Res-1

HOA Fees

  • $229 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Four Sided Brick Exterior Elevation
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Propane Fireplace
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Water Views
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

Outdoor Features

  • Pier
  • Access To Lake
  • Fire Pit

Schools

  • Troy Elementary School
  • West Middle School
  • Montgomery Central High School

Utilities

  • Central Air
  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 6672-14-33-4274

Community Details

Overview

  • Uwharrie Point Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Putting Green
  • Trails

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 Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1996
  • Restrictions: Architectural Review,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 289.55
  • Geocode Confidence: Medium
  • Attribution Contact: rob@oldnorthstaterealty.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2928
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 165
  • Sq Ft Unheated Total: 165
  • Sq Ft Upper: 2187
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Cooktop, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 5115
  • Has Basement: Daylight
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 2483
  • Fireplace Features: Family Room, Great Room, Propane
  • Living Area: 7598
  • Bedroom Main: 1
  • Room Count: 14
  • Bedroom Basement: 1

Exterior Features

  • Exterior Features: Fire Pit
  • New Construction: No
  • Construction Type: Site Built
  • View: Water, Year Round
  • Water Body Name: Badin Lake
  • Waterfront Features: Pier
  • Construction Type: Brick Full, Stone Veneer

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Floor Furnace
  • Sewer: County Sewer
  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Golf, Lake Access, Putting Green, Recreation Area, Sidewalks, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 687.5
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • Association Annual Expense: 2750.00

Schools

  • Middle Or Junior School: West
  • HOA Subject To: Required

Lot Info

  • Lot Features: Cul-De-Sac, Wooded, Views, Waterfront
  • Lot Size Area: 1.12
  • Lot Size Units: Acres
  • Parcel Number: 6672-14-33-4274
  • ResoLotSizeUnits: Acres
  • Zoning Specification: Res-1

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Troy
  • High School: Montgomery Central

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
14
Current Estimated Value
$2,146,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,208
Avg. Annual Appreciation
-7.35%

Purchase Details

Closed on
Feb 25, 2021
Sold by
Lonon James C and Lonon Trenna J
Bought by
Budd Vincent Theodore and Budd Bridget Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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% $290 / Sq Ft
09/03/2023 09/03/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $2,200,000 -- $290 / 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 $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: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4063248

Canopy MLS (Canopy Realtor® Association)

APN: 6672-14-33-4274