NOT LISTED FOR SALE

16 Oak Ave Lexington, NC 27292

Estimated Value: $141,060

Studio
1 Bath
-- Sq Ft
6,534 Sq Ft Lot

Last Sold July 17, 2023

Last sale price $100,000

Est. 41% increase in value since last sale

Current estimated payment $796/month

1 Day on Market

About This Home

As of July 2023

Coleman Hair Designers is one of the longest running beauty salon parlors in Davidson County. This business opened over 60 Years ago in the Heart of Lexington, North and is currently ready for its next owner. This building can continue to be used as a beauty salon, and can also be used as a massage parlor, nail salon, barbershop and more. This is a growing neighborhood that is accessible to all that Lexington has to offer. Just a short drive to Walmart/Lowe's, the many business, restaurants and shopping stores on Highway 8, the Depot District, Uptown Lexington, Talbert Blvd Business Plaza, High Rock Lake and More. Having sustained a business for the past 60 years, this has proven to be the perfect location to operate your next business. Couple that with the consistent traffic that takes place on Oak Ave, this is an opportunity that you don't want to miss out. It is located in a traditional neighborhood and zoning allows for a single family home. Endless Possibilities. See Remarks.

Last Agent to Sell the Property

Garrett Holloway

eXp Realty License #328982 Listed on: 06/19/2023

eXp Realty

Last Buyer's Agent

Jasmine Romero-Mendieta

Monarch Group Realty License #341098

Property Details

Property Type

  • Other

Lot Details

  • Property is zoned TN

Community Details

  • No Home Owners Association
  • 960 Sq Ft Building

Property Details

Property Type

Other

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Sub Type: Remarks
  • Prop. Type: Commercial
  • Directions: Take Exit 91 into Lexington. Make a Right. Merge onto Fairview Dr. Make Left on Oak Ave. Building will be third on the left.
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • Special Features: None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: TN
  • TRIADMLS_AcresRange: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2025
Sold by
Saqer Adam
Bought by
Saqer Adam and Saqer Momin
Current Estimated Value
$141,060

Purchase Details

Closed on
Mar 25, 2024
Sold by
Atlas Property Solutions Llc
Bought by
Sager Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 19, 2023
Closed on
Jul 14, 2023
Sold by
Coleman Mary M
Bought by
Atlas Property Solutions Llc
Seller's Agent
Garrett Holloway
eXp Realty
Buyer's Agent
Jasmine Romero-Mendieta
Monarch Group Realty
List Price
$105,000
Sold Price
$100,000
Premium/Discount to List
-$5,000
-4.76%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.26%
Original Mortgage
$120,000
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 1983
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Saqer Adam -- None Listed On Document
Saqer Adam -- None Listed On Document
Sager Adam $135,000 None Listed On Document
Sager Adam $135,000 None Listed On Document
Atlas Property Solutions Llc $100,000 Tryon Title
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sager Adam $108,000
Previous Owner Atlas Property Solutions Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2023 07/17/23 Sold $100,000 -4.8% --
06/21/2023 06/21/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $105,000 -- --
Source: Triad MLS

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 $771 $59,320 $0 $0
2024 $780 $60,020 $0 $0
2023 $480 $36,640 $0 $0
2022 $476 $36,640 $0 $0
2021 $476 $36,640 $0 $0
2020 $339 $26,300 $0 $0
2019 $345 $26,300 $0 $0
2018 $345 $26,300 $0 $0
2017 $345 $26,300 $0 $0
2016 $345 $26,300 $0 $0
2015 $331 $26,300 $0 $0
2014 $321 $25,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1109309

Triad MLS

APN: 11-149-0-00B-0015-0-0-0

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