NOT LISTED FOR SALE

1513 Highway 49 New London, NC 28127

Estimated Value: $588,594 - $2,826,000

3 Beds
3 Baths
2,475 Sq Ft
$518/Sq Ft Est. Value

Last Sold November 21, 2019

Last sale price $798,500 $323 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,917/month

About This Home

175 acres of PARADISE for an outdoorsman !! Located in Davidson County about 1 mile from Tucker Town Reservoir. Adjoins the Uwharrie National Forest. 4 car detatched garage. 40 X 60 workshop. 60 X 60 barn. Equipment shed. Log cabin. Inground pool. Three ponds 2.2, .5 and .1 acres. 3.5 acres fenced pasture. The home is 2475 hsf with a 1200 hsf basement that just needs sheetrock and is used as a game room currently. There are two 3 BR / 2 BA manufactured homes on the property that convey and are currently rented for $750.00 per month. The owner previously raised cattle in the pasture area. There are 6 parcels zoned Rural Agricultural. Taxes for 2017 were $3250.00. Schedule a time to visit this truly unique property and all it has to offer. Take a look at our video as well for an overview of the property.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2019
Closed on
Nov 21, 2019
Sold by
Hedrick Harlan Wayne
Bought by
Fales Troy A and Fales Jennifer Dare
Seller's Agent
Mark McRae
McRae Properties
Buyer's Agent
Mark McRae
McRae Properties
List Price
$944,000
Sold Price
$798,500
Premium/Discount to List
-$145,500
-15.41%
Current Estimated Value
$1,282,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,399
Avg. Annual Appreciation
8.31%
Original Mortgage
$638,800
Outstanding Balance
$560,854
Interest Rate
3.5%
Estimated Equity
$722,045

Purchase Details

Closed on
Apr 1, 1992

Purchase Details

Closed on
Mar 1, 1981
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Fales Troy A $798,500 None Available
-- $12,500 --
-- $400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fales Troy A $638,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2019 11/21/19 Sold $798,500 -9.8% $323 / Sq Ft View Prior Sale
09/28/2019 09/28/19 Pending -- -- --
06/22/2019 06/22/19 Price Changed $885,000 -1.6% $358 / Sq Ft
04/22/2019 04/22/19 Price Changed $899,000 -4.8% $363 / Sq Ft
04/16/2019 04/16/19 For Sale $944,000 -- $381 / Sq Ft

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 $2,028 $345,960 $0 $0
2024 $1,976 $337,170 $0 $0
2023 $1,976 $337,170 $0 $0
2022 $1,976 $337,170 $0 $0
2021 $1,976 $337,170 $0 $0
2020 $1,926 $328,630 $0 $0
2019 $1,935 $325,210 $0 $0
2018 $1,935 $325,210 $0 $0
2017 $1,935 $325,210 $0 $0
2016 $1,935 $325,190 $0 $0
2015 $1,935 $325,190 $0 $0
2014 $2,004 $333,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark McRae

    Seller's Agent in 2019

    Mark McRae

    McRae Properties

    (704) 985-3128

    120 Total Sales

    Mark McRae
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Map

North Carolina Davidson County New London 28127

1513 Highway 49, New London, NC

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