NOT LISTED FOR SALE

Estimated Value: $101,000 - $249,083

2 Beds
1 Bath
775 Sq Ft
$238/Sq Ft Est. Value

Last Sold January 27, 2021

Last sale price $60,000 $77 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $1,088/month

Highlights

  • Rambler Architecture
  • No HOA
  • Living Room
  • Wood Flooring
  • 1 Car Detached Garage
  • Central Air

About This Home

As of January 2021

Cute and cozy Lambson Lane rancher is now available for it's next owner! Set back far off the street and located next to Rose Hill Community Center, this property provides the aspiring home owner with an option to purchase, renovate and move in to a home that will offer an efficient living lifestyle! Detached two car garage and oversized paved driveway for all your off street parking needs. Living room with hardwood flooring. Two cozy bedrooms with ample closet space. Main floor full bathroom for convenience. Eat in kitchen area with door to fenced in rear yard. Large basement for storage and future finishing consideration to expand living space complete with outside entrance. Currently tenant occupied with monthly rent of $1,000. Could be an excellent investor offering to add to an existing portfolio or one to start a fresh one with. Purchase and start receiving cash flow from day one!

Last Agent to Sell the Property

Joseph Hurley

(302) 740-5524 jphurley27@gmail.com Pantano Real Estate Inc License #RS-0018346 Listed on: 11/10/2020

Last Buyer's Agent

Shane Pezick

(302) 354-7121 shanepezick@gmail.com RE/MAX Associates-Wilmington

RE/MAX Associates-Wilmington

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 81.10 x 132.40
  • Back Yard Fenced
  • Chain Link Fence
  • Property is in average condition
  • Property is zoned NC5

Parking

  • 1 Car Detached Garage
  • 3 Driveway Spaces
  • Front Facing Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Rambler Architecture
  • Block Foundation
  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

  • 775 Sq Ft Home
  • Property has 1 Level
  • Living Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Central Air
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Mayview Manor Subdivision

Listing and Financial Details

  • Tax Lot 519
  • Assessor Parcel Number 10-010.20-519

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Tenant Personal Property
  • Historic: No
  • Home Warranty: No
  • Inclusions: Contact Agent
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1948
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Cute and cozy Lambson Lane rancher is now available for it's next owner! Set back far off the street and located next to Rose Hill Community Center, this property provides the aspiring home owner with an option to purchase, renovate and move in to a home that will offer an efficient living lifestyle! Detached two car garage and oversized paved driveway for all your off street parking needs. Living room with hardwood flooring. Two cozy bedrooms with ample closet space. Main floor full bathroom for convenience. Eat in kitchen area with door to fenced in rear yard. Large basement for storage and future finishing consideration to expand living space complete with outside entrance. Currently tenant occupied with monthly rent of $1,000. Could be an excellent investor offering to add to an existing portfolio or one to start a fresh one with. Purchase and start receiving cash flow from day one!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Carpet, Hardwood, Vinyl
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Basement
  • Total Sq Ft: 775
  • Living Area Sq Ft: 775
  • Price Per Sq Ft: 129.03
  • Above Grade Finished Sq Ft: 775
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 17

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Roof: Pitched, Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Detached Garage, On Street, Off Street
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: COLONIAL
  • School District Key: 300200396891
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Chain Link, Rear
  • Improvement Assessed Value: 30700.00
  • Land Assessed Value: 6000.00
  • Lot Size Acres: 0.20
  • Lot Dimensions: 81.10 x 132.40
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8712.00
  • Property Condition: Average
  • Year Assessed: 2020
  • Zoning: NC5
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 2308203
  • School Tax: 868.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1171.00
  • Assessor Parcel Number: 10-010.20-519
  • Tax Lot: 519
  • Tax Total Finished Sq Ft: 775
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/27/2021

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2022
Sold by
Fernandes Jason and Chahal Jaspreet Singh
Bought by
Jjpi Llc
Current Estimated Value
$184,521

Purchase Details

Listed on
Nov 10, 2020
Closed on
Jan 27, 2021
Sold by
Atkran Llc
Bought by
Fernanedes Jason and Chahal Jaspret Singh
Seller's Agent
Joseph Hurley
Pantano Real Estate Inc
Buyer's Agent
Shane Pezick
RE/MAX Associates-Wilmington
List Price
$100,000
Sold Price
$60,000
Premium/Discount to List
-$40,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.07%
Original Mortgage
$94,000
Interest Rate
2.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2018
Sold by
Cynash Properties Llc
Bought by
Atkran Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,200
Interest Rate
4.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 27, 2015
Sold by
Kennett Square Partnership Llp
Bought by
Cynash Properties Llc

Purchase Details

Closed on
May 21, 2008
Sold by
Cochran John
Bought by
Kennett Square Partnership Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,670
Interest Rate
5.94%
Mortgage Type
Seller Take Back
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
Jjpi Llc -- None Listed On Document
Fernanedes Jason $60,000 None Available
Atkran Llc $65,000 None Available
Cynash Properties Llc $68,000 None Available
Kennett Square Partnership Llp $72,995 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fernanedes Jason $94,000
Previous Owner Atkran Llc $293,200
Previous Owner Kennett Square Partnership Llp $60,670
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2021 01/27/21 Sold $60,000 -40.0% $77 / Sq Ft
11/10/2020 11/10/20 For Sale $100,000 -- $129 / Sq Ft
Source: Bright 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 $1,260 $36,700 $6,000 $30,700
2023 $1,146 $36,700 $6,000 $30,700
2022 $1,193 $36,700 $6,000 $30,700
2021 $1,193 $36,700 $6,000 $30,700
2020 $1,200 $36,700 $6,000 $30,700
2019 $282 $36,700 $6,000 $30,700
2018 $80 $36,700 $6,000 $30,700
2017 $985 $36,700 $6,000 $30,700
2016 $985 $36,700 $6,000 $30,700
2015 $984 $36,700 $6,000 $30,700
2014 $985 $36,700 $6,000 $30,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC513022

Bright MLS

APN: 10-010.20-519