NOT LISTED FOR SALE

15554 Highway 601 Midland, NC 28107

Estimated Value: $823,849 - $1,195,000

3 Beds
2.5 Baths
2,613 Sq Ft
$385/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $1,100,000 $421 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,622/month

84 Days on Market

Highlights

  • Horse Facilities
  • Barn
  • Wood Flooring
  • Bethel Elementary School Rated 9+
  • Pond
  • Separate Outdoor Workshop

About This Home

As of July 2021

Unique and compelling opportunity to acquire a profitable hospitality based business. Featuring well-executed structural and landscape elements, this property offers tremendous value as an established events venue. Located less than 15 minutes from I-485 and easily accessible from Charlotte, NC, this is a rare opportunity to own a one-of-a-kind property. Situated on 8.64 acres, this property consists of the event venue, main house, shop/small house and outbuilding. The event center was built in 2017 and can accommodate events both indoors and out. With over 3300 square feet, this property is constructed of cedar w/bridal suite, two restrooms & full kitchen. The shop/small house is over 1100 square feet w/one car garage. (Add'l square feet is the total of the event venue & shop/small house). The main house is full brick with master down, extensive moldings and custom elements throughout. Bring your vision and commitment to continued excellence ~ Welcome to Willow Creek!

Last Agent to Sell the Property

Cindy Hope

Howard Hanna Allen Tate Southpark License #135719 Listed on: 12/08/2020

Howard Hanna Allen Tate Southpark

Last Buyer's Agent

Cindy Hope

Howard Hanna Allen Tate Southpark License #135719 Listed on: 12/08/2020

Howard Hanna Allen Tate Southpark

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • 8.64

Parking

  • Attached Garage
  • Gravel Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1.5-Story Property
  • Fireplace
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Outdoor Features

  • Pond
  • Fire Pit
  • Separate Outdoor Workshop
  • Outbuilding

Farming

  • Barn
  • Pasture
  • Fenced For Cattle

Utilities

  • Heating System Uses Propane
  • Septic Tank

Community Details

  • Horse Facilities

Listing and Financial Details

  • Assessor Parcel Number 5543-42-1348-0000

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Ratio Close Price By List Price: 0.95652
  • Ratio Close Price By Original Li: 0.95652
  • Ratio Current Price By Acre: 127314.81
  • Ratio Current Price By Sq Ft: 420.97
  • Year Built: 1990
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 220
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Gas, Dishwasher, Ice Maker Connection, Microwave, Wall Oven
  • Fireplace: Yes
  • Fixture Exception Description: Propane Tank, Direct TV Dishes
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Other, Breakfast Bar, Garden Tub, Kitchen Island, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Second Living Quarters: Exterior Not Connected, Guest House, Main Level Garage, Separate Entrance, Separate Kitchen Facilities, Separate Living Quarters
  • Second Living Quarters Hla: 1113
  • Second Living Quarters Sq Ft: 376
  • Sq Ft Additional: 3312
  • Main Level Sq Ft: 2393
  • Total Sq Ft: 2613

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Barn(s), Equestrian Facilities, Fenced Pasture, Fire pit, Outbuilding, Workshop

Garage/Parking

  • Driveway: Concrete, Gravel
  • Parking: Attached Garage, Garage - 2 Car, Garage Door Opener, Parking Space - 4+, Side Load Garage

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Propane
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: g-On-Demand Water Heater, Propane

Lot Info

  • Lot Dimension: 1033x393x380x240x600x296
  • Lot Features: Pasture, Pond
  • Parcel Number: 5543-42-1348-0000
  • Zoning Specification: SFR, CR

Tax Info

  • Tax Value: 589740.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2025
Sold by
Yang Lee and Yang Ka
Bought by
Reddy Mali Praveen and Sravya Julakanti Sravya
Current Estimated Value
$1,006,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Outstanding Balance
$420,564
Interest Rate
5.92%
Mortgage Type
New Conventional
Estimated Equity
$586,148

Purchase Details

Listed on
Dec 8, 2020
Closed on
Jul 12, 2021
Sold by
Sanders Gregory A and Sanders Jacqueline S
Bought by
Lee Chase and Lee Ka Yang
Seller's Agent
Cindy Hope
Howard Hanna Allen Tate Southpark
Buyer's Agent
Cindy Hope
Howard Hanna Allen Tate Southpark
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.05%
Original Mortgage
$990,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2012
Sold by
Norkett Brenda S
Bought by
Sanders Gregory A and Sanders Jacqueline S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.06%
Mortgage Type
VA

Purchase Details

Closed on
Jan 18, 2001
Sold by
Love Danny A and Whitley Rhonda
Bought by
Norkett Bobby A and Norkett Brenda S

Purchase Details

Closed on
Jul 1, 1988

Purchase Details

Closed on
Mar 1, 1986
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
Reddy Mali Praveen $900,000 Executive Title
Reddy Mali Praveen $900,000 Executive Title
Lee Chase $1,100,000 None Available
Sanders Gregory A $280,000 None Available
Norkett Bobby A $345,000 --
-- $23,500 --
-- $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reddy Mali Praveen $425,000
Closed Reddy Mali Praveen $425,000
Previous Owner Lee Chase $990,000
Previous Owner Sanders Gregory A $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2021 07/19/21 Sold $1,100,000 -4.3% $421 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
12/08/2020 12/08/20 For Sale $1,150,000 -- $440 / 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 $4,235 $626,540 $116,530 $510,010
2024 $4,235 $626,540 $116,530 $510,010
2023 $3,543 $421,800 $58,270 $363,530
2022 $3,543 $421,860 $58,330 $363,530
2021 $3,544 $421,860 $58,330 $363,530
2020 $2,975 $354,170 $58,330 $295,840
2019 $2,987 $355,540 $64,470 $291,070
2018 $2,844 $355,540 $64,470 $291,070
2017 $3,268 $418,980 $64,470 $354,510
2016 -- $321,600 $79,820 $241,780
2015 $2,259 $321,600 $79,820 $241,780
2014 $2,259 $321,600 $79,820 $241,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3688570

Canopy MLS (Canopy Realtor® Association)

APN: 5543-42-1348-0000