NOT LISTED FOR SALE

1587 Majestic Terrace Colfax, NC 27235

Colfax Neighborhood

Estimated Value: $438,748 - $490,000

4 Beds
3.5 Baths
3,000 Sq Ft
$158/Sq Ft Est. Value

Last Sold April 28, 2015

Last sale price $240,000 $80 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,000/month

128 Days on Market

Highlights

  • Community Pool
  • Porch
  • Tile Flooring
  • Colfax Elementary School Rated A-
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of April 2015

Beautiful 3 level, 4 bedroom, 3/5 bath property in the heart of Colfax. 2800 +/- square footage on the 2 main floors. Master on the main. Vaulted ceilings. Gas Fireplace. Open kitchen floor plan. 2nd Master on second level. 3rd and 4th bedroom share Jack-N-Jill bathroom. 1900 +/- unfinished square footage in basement. Nice sized back yard. Community pool and playground. Sidewalks and street lights.

Last Agent to Sell the Property

Joey Miller

Real Broker LLC License #261984 Listed on: 10/24/2014

Real Broker LLC

Last Buyer's Agent

Mary Queen Johnson

Keller Williams Realty License #260885

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,659

Year Built

  • Built in 2005

Lot Details

  • 436 Sq Ft Lot
  • Property is zoned CU-RS-9

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,834 Sq Ft Home
  • 2,500-3,000 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Living Room with Fireplace
  • Dryer Hookup
  • Unfinished Basement

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0215044

Community Details

Overview

  • Legacy/Sandy Rdg Ph 01 Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,659

Year Built

Built in 2005

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.01
  • Subdivision Name: Legacy/Sandy Rdg Ph 01
  • Directions: I40-E, Take Sandy Ridge Rd exit, T/R off exit, T/R onto Bunker Hill Rd, T/R into The Legacy subdivision
  • Above Grade Finished Sq Ft: 2834
  • Unit Levels: Two
  • Year Built: 2005
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2500 - 3000
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Water Heater
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s), Dead Bolt(s), Pantry
  • Has Basement: Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Blower Fan, Gas Log, Living Room
  • Fireplaces: 1
  • Living Area: 2834
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Fencing: None
  • Pool Features: Community
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Electric, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Parcel #: 0215044
  • Zoning: CU-RS-9
  • TRIADMLS_DeedPage: 2775
  • TRIADMLS_DeedBook: 2385

Tax Info

  • Tax Annual Amount: 3658.74
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2014
Closed on
Apr 28, 2015
Bought by
Morrisey Frances
Seller's Agent
Joey Miller
Real Broker LLC
Buyer's Agent
Mary Queen Johnson
Keller Williams Realty
List Price
$315,000
Sold Price
$240,000
Premium/Discount to List
-$75,000
-23.81%
Current Estimated Value
$472,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,687
Avg. Annual Appreciation
6.46%

Purchase Details

Closed on
Oct 27, 2005
Sold by
Mccar Homes Greensboro Llc
Bought by
Watson Eddie L and Watson Mary T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,083
Interest Rate
6.22%
Mortgage Type
VA
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
Morrisey Frances $240,000 --
Watson Eddie L $282,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Watson Eddie L $269,191
Previous Owner Watson Eddie L $288,083
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2015 04/28/15 Sold $240,000 -23.8% $96 / Sq Ft
03/02/2015 03/02/15 Pending -- -- --
10/24/2014 10/24/14 For Sale $315,000 -- $126 / 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
2023 $4,499 $326,500 $54,000 $272,500
2022 $4,401 $326,500 $54,000 $272,500
2021 $3,772 $273,700 $45,000 $228,700
2020 $3,772 $273,700 $45,000 $228,700
2019 $3,772 $273,700 $0 $0
2018 $3,753 $273,700 $0 $0
2017 $3,753 $273,700 $0 $0
2016 $3,551 $253,200 $0 $0
2015 $3,570 $253,200 $0 $0
2014 $3,631 $253,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joey Miller

    Real Broker LLC

    (336) 442-5733

    1 in this area

    174 Total Sales

    Section Image

  • M

    Buyer's Agent in 2015

    Mary Queen Johnson

    Keller Williams Realty

    (336) 880-3353

    30 Total Sales

    Section Image
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Map

Source: Triad MLS

MLS Number: 722810

Triad MLS

APN: 0215044

North Carolina Guilford County Colfax 27235 Colfax

1587 Majestic Terrace, Colfax, NC

This home is located at 1587 Majestic Terrace, Colfax, NC 27235 since 24 October 2014 and is currently estimated at $472,687, approximately $157 per square foot. This property was built in 2005. 1587 Majestic Terrace is a home located in Guilford County with nearby schools including Colfax Elementary School, Southwest Guilford Middle School, and Southwest Guilford High School.

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