NOT LISTED FOR SALE

161 Lake Drive 10 Lexington, NC 27292

Estimated Value: $833,000 - $876,000

4 Beds
4.5 Baths
5,400 Sq Ft
$158/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $572,000 $106 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,974/month

4 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Attached Garage
  • Main Floor Primary Bedroom

About This Home

As of April 2021

One of a kind custom home featuring 2x6" exterior construction and sitting on over 15 acres, is just the beginning. Has a large welcoming open floor plan. Includes a second story with two bed and Jack and Jill bath. First floor has master, with mother in law suite that can be accessed from main house. The basement is fully finished, and also includes a full bathroom, woodstove, for added heat if needed, and home office with an abundance of storage. Outside there is perimeter fencing, and a large eight foot wide front wrap porch. There is a large workshop and storage building that has many potential uses. The garage has been turned into a workshop, but could be easily used to house one car. It adjoins the basement for easy access. HVAC is ten years old, and new LVP was recently installed throughout basement to add to the finished look. Home also includes gas logs, and extremely low utility costs that average $225 a month. One of the tightest and strongest homes you will find.

Last Agent to Sell the Property

Tyler Forrest

Mossy Oak Properties License #323797 Listed on: 02/05/2021

Last Buyer's Agent

Mitchell Mullis

Keller Williams Realty License #294902

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,672

Year Built

  • Built in 1998

Lot Details

  • 15.29 Acre Lot
  • Property is zoned RA1

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 5,083 Sq Ft Home
  • 4,500-5,400 Sq Ft Home
  • Property has 2 Levels
  • Living Room with Fireplace
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Utilities

  • Heat Pump System
  • Heating System Uses Wood
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1502100000005
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,672

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 15.29
  • Subdivision Name: None
  • Directions: From Hwy 47 to Old Mountain Rd, right on Lake Drive 10, home is on left.
  • Above Grade Finished Sq Ft: 5083
  • Architectural Style: Traditional
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1998
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 1500 - 1800
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 4500 - 5400
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Finished, Unfinished, Basement
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1700
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 5083
  • Main Level Bathrooms: 3
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsLower: 1
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Septic Tank
  • Cooling: Heat Pump
  • Heating: Fireplace(s), Heat Pump, Wood, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 1502100000005
  • Zoning: RA1
  • TRIADMLS_PricePerAcre: 37606.2786
  • TRIADMLS_DeedPage: 1128
  • TRIADMLS_DeedBook: 0868
  • TRIADMLS_AcresRange: 14 - 16

Tax Info

  • Tax Annual Amount: 2672
  • Tax Year: 2020
  • TRIADMLS_TaxRate: 0.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2021
Closed on
Apr 12, 2021
Sold by
Newell David Lee and Newell Jodi Leonard
Bought by
Shadrick Michael D
Seller's Agent
Tyler Forrest
Mossy Oak Properties
Buyer's Agent
Mitchell Mullis
Keller Williams Realty
Sold Price
$572,000
Current Estimated Value
$855,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,394
Avg. Annual Appreciation
7.92%

Purchase Details

Closed on
Aug 1, 1993
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
Shadrick Michael D $572,000 None Available
-- $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shadrick Michael D $335,000
Previous Owner Newell David Lee $448,000
Previous Owner Newell David L $253,000
Previous Owner Newell David L $50,000
Previous Owner Newell David L $100,000
Previous Owner Newell David L $50,000
Previous Owner Newell David L $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2021 04/12/21 Sold $572,000 -- $127 / 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 $3,770 $588,760 $0 $0
2023 $3,716 $571,700 $0 $0
2022 $3,660 $571,700 $0 $0
2021 $3,070 $477,720 $0 $0
2020 $2,633 $409,430 $0 $0
2019 $2,677 $409,430 $0 $0
2018 $2,674 $409,430 $0 $0
2017 $2,669 $409,420 $0 $0
2016 $2,669 $409,420 $0 $0
2015 $2,848 $436,910 $0 $0
2014 $2,505 $463,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Forrest

    Seller's Agent in 2021

    Tyler Forrest

    Mossy Oak Properties

    (336) 240-2203

    73 Total Sales

    Tyler Forrest
    Section Image
  • Mitchell Mullis

    Buyer's Agent in 2021

    Mitchell Mullis

    Keller Williams Realty

    (336) 991-2654

    867 Total Sales

    Mitchell Mullis
    Section Image
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Map

Source: Triad MLS

MLS Number: 1011911

Triad MLS

APN: 15-021-0-000-0005-0-0-0

North Carolina Davidson County Lexington 27292

161 Lake Drive 10, Lexington, NC

This home is located at 161 Lake Drive 10, Lexington, NC 27292 since 05 February 2021 and is currently estimated at $855,394, approximately $158 per square foot. This property was built in 1998. 161 Lake Drive 10 is a home located in Davidson County with nearby schools including Southwood Elementary School, Central Davidson Middle School, and Central Davidson High School.

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