NOT LISTED FOR SALE

1516 Lovelace Rd Pelham, NC 27311

Estimated Value: $226,000 - $496,969

2 Beds
3 Baths
1,700 Sq Ft
$219/Sq Ft Est. Value

Last Sold May 24, 2016

Last sale price $255,000 $150 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,155/month

62 Days on Market

Highlights

  • Horses Allowed On Property
  • Deck
  • Stream or River on Lot
  • 41.01 Acre Lot
  • Secluded Lot
  • Wood Flooring

About This Home

As of May 2016

Rustic log cabin with 41+ acres of private land & creek located just off Hwy 29 in Pelham. Has an open floor plan with great room and fireplace, 2 spacious bedrooms and 2 baths main level, full unfinished walk-out basement with wood stove and 3rd full bath. Front porch, back deck, new wood fence. Huge 1200sf garage and additional building and shed. Perfect for horses, hunting, & 4-wheeling!

Last Agent to Sell the Property

Rhonda Holland

Holland & Associates Realty, Inc License #114614 Listed on: 01/06/2016

Last Buyer's Agent

Rhonda Holland

Holland & Associates Realty, Inc License #114614 Listed on: 01/06/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,578

Year Built

  • Built in 1992

Lot Details

  • 41.01 Acre Lot
  • Cul-De-Sac
  • Privacy Fence
  • Fenced
  • Secluded Lot
  • Property is zoned AG

Parking

  • 2 Car Detached Garage

Home Design

  • Log Cabin
  • Log Siding

Interior Spaces

  • 1,540 Sq Ft Home
  • 1,300-1,700 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Wood Flooring
  • Pull Down Stairs to Attic
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • Stream or River on Lot
  • Deck
  • Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Well
  • Septic Tank

Additional Features

  • Solar Water Heater
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0002000000260000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,578

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single
  • Prop. Type: Residential
  • Lot Size Acres: 41.01
  • Subdivision Name: None
  • Directions: At NC Welcome Center in Pelham, cross over Hwy 29 and take Goodman Rd to right, right at stop sign onto Red Marshall Rd, right on Lovelace Rd to end
  • Above Grade Finished Sq Ft: 1540
  • Architectural Style: Log
  • Unit Levels: One
  • Year Built: 1992
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1300 - 1700
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: Yes
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher,Exhaust Fan,Slide-In Oven/Range, Water Heater: Electric,Solar
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Dryer Connection, Gas Logs, Laundry Room - Main Level, Pantry, Washer Connection
  • Has Basement: Unfinished
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Great Room, See Remarks
  • Fireplaces: 1
  • Living Area: 1540
  • Main Level Bathrooms: 2
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsLower: 1

Exterior Features

  • Exterior Features: Deck, Paved Drive, Porch, Privacy Fence, Storage Building(s)
  • Fencing: Fenced
  • Lot Features: Horses Allowed, Natural Land, Fence(s), Cul-De-Sac, Stream, Secluded
  • Construction Type: Log
  • Foundation Details: Basement

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Paved Drive, Detached
  • Garage Description: Detached Garage

Utilities

  • Sewer: Septic
  • Laundry Features: Dryer Connection, Main Level, Washer Connection
  • Cooling: Central Air
  • Heating: Forced Air, Propane
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Propane Gas
  • Water Heater: Electric, Solar

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0002000000260000
  • Zoning: AG
  • TRIADMLS_PricePerAcre: 6093.6357
  • TRIADMLS_DeedPage: 246
  • TRIADMLS_DeedBook: 566
  • TRIADMLS_PlatBook: 6-240
  • TRIADMLS_AcresRange: 37 - 43

Tax Info

  • Tax Annual Amount: 1578
  • Tax Year: 2015
  • TRIADMLS_TaxRate: 0.679

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2016
Closed on
Apr 28, 2016
Sold by
Dowling Elmer V and Dowling Tammy J
Bought by
Taylor Jimmy A and Taylor Teresa J
Seller's Agent
Rhonda Holland
Holland & Associates Realty, Inc
Buyer's Agent
Rhonda Holland
Holland & Associates Realty, Inc
List Price
$249,900
Sold Price
$255,000
Premium/Discount to List
$5,100
2.04%
Current Estimated Value
$372,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,742
Avg. Annual Appreciation
4.10%
Original Mortgage
$255,000
Outstanding Balance
$202,467
Interest Rate
3.58%
Mortgage Type
VA
Estimated Equity
$170,275

Purchase Details

Listed on
May 4, 2012
Closed on
Oct 30, 2012
Sold by
Cook Steven W and Cook Sherry D
Bought by
Dowling Elmer V and Dowling Tammy J
List Price
$242,500
Sold Price
$240,000
Premium/Discount to List
-$2,500
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.71%
Original Mortgage
$245,160
Interest Rate
3.4%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Taylor Jimmy A $255,000 None Available
Dowling Elmer V $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Jimmy A $255,000
Previous Owner Dowling Elmer V $245,160
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2016 05/24/16 Sold $255,000 +2.0% $196 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
01/06/2016 01/06/16 For Sale $249,900 +4.1% $192 / Sq Ft
10/30/2012 10/30/12 Sold $240,000 -1.0% $152 / Sq Ft View Prior Sale
08/07/2012 08/07/12 Pending -- -- --
05/05/2012 05/05/12 For Sale $242,500 -- $153 / 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
2024 $2,412 $345,778 $149,548 $196,230
2023 $2,262 $237,299 $65,070 $172,229
2022 $1,945 $237,299 $65,070 $172,229
2021 $1,945 $237,299 $65,070 $172,229
2020 $1,892 $237,299 $65,070 $172,229
2019 $1,891 $237,299 $65,070 $172,229
2018 $1,814 $0 $0 $0
2017 $1,814 $0 $0 $0
2016 $1,675 $0 $0 $0
2015 $1,578 $0 $0 $0
2014 $1,574 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rhonda Holland

    Holland & Associates Realty, Inc

    (336) 634-7110

    40 Total Sales

    Rhonda Holland
    Section Image
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Map

Source: Triad MLS

MLS Number: 780864

Triad MLS

APN: 0002.00.00.0026.0000

North Carolina Caswell County Pelham 27311

1516 Lovelace Rd, Pelham, NC

This home is located at 1516 Lovelace Rd, Pelham, NC 27311 since 06 January 2016 and is currently estimated at $372,742, approximately $219 per square foot. This property was built in 1992. 1516 Lovelace Rd is a home located in Caswell County with nearby schools including North Elementary School, N.L. Dillard Middle School, and Bartlett Yancey High School.

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