1578 Montrose Rd Raeford, NC 28376
2
Beds
1
Bath
1,249
Sq Ft
46.99
Acres
Highlights
- Barn
- 46.99 Acre Lot
- Wood Flooring
- Horses Allowed On Property
- Farm
- Main Floor Primary Bedroom
About This Home
As of October 2024Explore a unique Sandhills gem! This 46.99-acre equestrian estate, a dream for horse enthusiasts, is just one mile from Carolina Horse Park. Impressive features include a 12-stall horse barn with climate-controlled rooms and wash stalls. The covered arena (75x200 ft) boasts a clay base, sand, and fiber footing, plus a slanted kick board for safety. There's also a 100x200-ft outdoor arena with clay base, a second barn with a climate-controlled tack room, and adjustable stalls. The estate offers a pond with a spillway, an equipment shed, and meandering trails with a creek-crossing bridge. A charming cottage with a fully-equipped kitchen, bedroom, bath, loft, and living room provides comfortable living quarters. No-climb wire fencing secures the property. With a history of breeding, training, and boarding horses, this is an opportunity for an equine professional to continue its legacy. Don't miss this Sandhills equestrian paradise!
Last Agent to Sell the Property
Pines Sotheby's International License #311633 Listed on: 05/08/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,009
Year Built
- Built in 1972
Home Design
- Farmhouse Style Home
Interior Spaces
- 1,249 Sq Ft Home
- 1.5-Story Property
Flooring
- Wood
- Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- 1 Full Bathroom
Parking
- Private Driveway
- Unpaved Parking
Schools
- Hoke County Schools Elementary And Middle School
- Hoke County Schools High School
Farming
- Barn
- Farm
- Pasture
Utilities
- Cooling System Mounted In Outer Wall Opening
- Space Heater
- Well
- Electric Water Heater
- Septic Tank
Additional Features
- Outbuilding
- 46.99 Acre Lot
- Horses Allowed On Property
Community Details
- No Home Owners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2024
Closed on
Sep 24, 2024
Sold by
Wright-Thomasson Debbie R
Bought by
Miller Andrew and Miller Stephanie
Seller's Agent
Laurie Kornegay
Pines Sotheby's International
Buyer's Agent
Elizabeth Davis
IC SOLUTIONS REALTY LLC
List Price
$1,150,000
Sold Price
$975,000
Premium/Discount to List
-$175,000
-15.22%
Views
116
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$260,231
Avg. Annual Appreciation
-31.24%
Original Mortgage
$574,600
Outstanding Balance
$571,349
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$151,209
Similar Home in Raeford, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $975,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $574,600 | New Conventional | |
| Previous Owner | $175,000 | New Conventional | |
| Previous Owner | $442,500 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2024 10/21/24 | Sold | $975,000 | -2.5% | $781 / Sq Ft |
| 08/30/2024 08/30/24 | Pending | -- | -- | -- |
| 05/08/2024 05/08/24 | Price Changed | $999,500 | -13.1% | $800 / Sq Ft |
| 05/08/2024 05/08/24 | For Sale | $1,150,000 | +17.9% | $921 / Sq Ft |
| 04/19/2024 04/19/24 | Off Market | $975,000 | -- | -- |
| 02/18/2024 02/18/24 | For Sale | $1,150,000 | 0.0% | $921 / Sq Ft |
| 12/16/2023 12/16/23 | Off Market | $1,150,000 | -- | -- |
| 11/06/2023 11/06/23 | For Sale | $1,150,000 | -- | $921 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $6,009 | $768,480 | $47,430 | $721,050 |
| 2023 | $6,009 | $768,480 | $47,430 | $721,050 |
| 2022 | $5,818 | $768,480 | $47,430 | $721,050 |
| 2021 | $4,016 | $502,610 | $21,830 | $480,780 |
| 2020 | $4,098 | $487,890 | $0 | $0 |
| 2019 | $4,098 | $487,890 | $0 | $0 |
| 2018 | $4,098 | $487,890 | $0 | $0 |
| 2017 | $4,098 | $487,890 | $0 | $0 |
| 2016 | $4,170 | $506,600 | $0 | $0 |
| 2015 | $4,170 | $506,600 | $0 | $0 |
| 2014 | -- | $43,120 | $0 | $0 |
| 2013 | -- | $37,490 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Laurie Kornegay
Pines Sotheby's International
(808) 763-1269
19 Total Sales
-
E
Buyer's Agent in 2024
Elizabeth Davis
IC SOLUTIONS REALTY LLC
(919) 669-9947
57 Total Sales
Map
Source: Doorify MLS
MLS Number: 2540837
APN: 584960001137
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