NOT LISTED FOR SALE

140 McElrath Rd Arden, NC 28704

Estimated Value: $772,000 - $1,091,000

3 Beds
4 Baths
3,371 Sq Ft
$277/Sq Ft Est. Value

Last Sold June 23, 2015

Last sale price $488,500 $145 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $5,242/month

38 Days on Market

Highlights

  • Open Floorplan
  • Wooded Lot
  • Farmhouse Style Home
  • Glenn C. Marlow Elementary School Rated A
  • Wood Flooring
  • Walk-In Closet

About This Home

As of June 2015

Private retreat situated on 6.99 acres is the perfect New England style farmhouse. Beautiful cherry cabinets and granite counter tops makes this a perfect chef's kitchen. Enjoy the 16' ceilings and wide plank wood floors as well as 2 master bedrooms. Wrap around covered porch and 2 distinguished stone fireplaces are a few features which makes this home a must see.

Last Agent to Sell the Property

Rowena Patton

EXP Realty LLC License #251544 Listed on: 04/01/2015

EXP Realty LLC

Last Buyer's Agent

Molly Mcnichols

Carolina Mountain Sales License #242924

Carolina Mountain Sales

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,624

Year Built

  • Built in 2005

Lot Details

  • Home fronts a stream
  • Wooded Lot
  • Many Trees

Parking

  • 1

Home Design

  • Farmhouse Style Home

Interior Spaces

  • Open Floorplan
  • Wood Burning Fireplace
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms

Utilities

  • Well

Listing and Financial Details

  • Assessor Parcel Number 962342811

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,624

Year Built

Built in 2005

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Farmhouse
  • Ratio Close Price By List Price: 0.95803
  • Ratio Close Price By Original Li: 0.95803
  • Ratio Current Price By Acre: 69885.55
  • Ratio Current Price By Sq Ft: 144.91
  • Year Built: 2005
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 877
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Range, Microwave, Refrigerator, Electric Oven
  • Fireplace Description: Wood Burning
  • Fireplace: Yes
  • Flooring: Tile, Carpet, Wood
  • Interior Amenities: Built-Ins, Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Room Count: 6
  • Sq Ft Basement: 1034
  • Main Level Sq Ft: 1460
  • Total Sq Ft: 3371

Exterior Features

  • Construction: Stone Veneer, Wood
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Asphalt
  • Parking: Detached Garage, Garage - 1 Car

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: Septic Tank
  • Water: Well

Schools

  • Middle School: Rugby
  • High School: West Henderson

Lot Info

  • Lot Features: Stream/Creek, Trees, Winter View, Wooded
  • Lot Size Area: 6.990
  • Parcel Number: 962342811
  • Plat Reference Section Pages: 1352
  • Zoning Specification: R-3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2015
Closed on
Jun 23, 2015
Sold by
Stanley Adrienne Shue
Bought by
Collins Harold Scott and Collins Meredith
Seller's Agent
Rowena Patton
EXP Realty LLC
Buyer's Agent
Molly Mcnichols
Carolina Mountain Sales
List Price
$509,900
Sold Price
$488,500
Premium/Discount to List
-$21,400
-4.2%
Current Estimated Value
$934,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,126
Avg. Annual Appreciation
6.47%

Purchase Details

Listed on
May 17, 2010
Closed on
Feb 25, 2013
Sold by
Sullivan Heyward Mahon Sco
Bought by
Stanley Adrienne Shue and Benjamin Matthew
Seller's Agent
Suzanne Beckmann
Howard Hanna Beverly-Hanks
Buyer's Agent
Holly Fletcher
Keller Williams Great Smokies
List Price
$595,000
Sold Price
$445,000
Premium/Discount to List
-$150,000
-25.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%
Original Mortgage
$445,000
Interest Rate
3.43%
Mortgage Type
Cash

Purchase Details

Closed on
Feb 29, 2008
Sold by
Mcvicker Kevin
Bought by
Sullivan Heyward Mahon Scott and Sullivan Melissa G
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
Collins Harold Scott $488,500 --
Stanley Adrienne Shue -- --
Sullivan Heyward Mahon Scott $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stanley Adrienne Shue $445,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2015 06/23/15 Sold $488,500 -4.2% $145 / Sq Ft
05/09/2015 05/09/15 Pending -- -- --
04/01/2015 04/01/15 For Sale $509,900 +14.6% $151 / Sq Ft
02/26/2013 02/26/13 Sold $445,000 -25.2% $140 / Sq Ft View Prior Sale
01/27/2013 01/27/13 Pending -- -- --
05/17/2010 05/17/10 For Sale $595,000 -- $188 / 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 $3,624 $682,400 $136,900 $545,500
2024 $3,624 $682,400 $136,900 $545,500
2023 $3,624 $682,400 $136,900 $545,500
2022 $3,242 $483,100 $104,900 $378,200
2021 $3,242 $483,100 $104,900 $378,200
2020 $3,242 $483,100 $0 $0
2019 $3,242 $483,100 $0 $0
2018 $2,632 $401,800 $0 $0
2017 $2,632 $385,400 $0 $0
2016 $2,524 $385,400 $0 $0
2015 -- $385,400 $0 $0
2014 -- $318,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM580670

Canopy MLS (Canopy Realtor® Association)

APN: 0802125