NOT LISTED FOR SALE

175 Fairmount Rd Statesville, NC 28625

Estimated Value: $358,000 - $495,000

3 Beds
1 Bath
1,188 Sq Ft
$380/Sq Ft Est. Value

Last Sold October 03, 2024

Last sale price $485,000 $408 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,532/month

85 Days on Market

Highlights

  • Wooded Lot
  • Front Porch
  • Pasture
  • Wood Flooring
  • Laundry Room
  • Shed

About This Home

As of October 2024

Looking for land? Look no further! 27.479 beautiful acres with a 3 bedroom brick home. Land lays good; No gullies-No ravines! Approximately 451 feet of paved state maintained road frontage. Land is about half wooded with mature hardwoods. Never been cut over! Front half could be used for pasture. Perfect for private estate, recreational, hunting or developing. Lots of wildlife. Small stream. The well maintained, 1188 sq. ft. brick home is neat as a pen with metal roof, beautiful wood flooring in LR & Bedrooms, and replacement windows. There are multiple outbuildings including a block building, for lots of storage. Privacy and wildlife abound. There is county water at the road. Excellent location just a few miles from I-77 & I-40 perfectly located between larger cities for easy commute. Boone, Wilkesboro, Charlotte, Hickory, and Mocksville are easy commutes. Just minutes from Statesville, Harmony, Olin, and Union Grove. Low Iredell taxes! No HOA! NO CITY TAXES!

Last Agent to Sell the Property

Carolyn Horne

Lake Norman Realty, Inc. Brokerage Phone: 704-663-3655 License #178263 Listed on: 06/12/2024

Lake Norman Realty, Inc.

Last Buyer's Agent

Lori Boger

Lake Norman Realty, Inc. License #270020

Lake Norman Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,786

Year Built

  • Built in 1959

Lot Details

  • Wooded Lot
  • Property is zoned RA

Parking

  • 3 Detached Carport Spaces

Home Design

  • Metal Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,188 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Living Room with Fireplace
  • Crawl Space
  • Storm Doors
  • Electric Range
  • Laundry Room

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed
  • Outbuilding
  • Front Porch

Schools

  • Harmony Elementary School
  • North Iredell Middle School
  • North Iredell High School

Farming

  • Machine Shed
  • Pasture

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4756-77-0070

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,786

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1959
  • Restrictions: N/A
  • Special Assessment Yn: 0
  • Restrictions Description: None known.
  • Special Assessment Description: n/a
  • Proposed Special Assessment Desc: n/a
  • Road Surface Type: Dirt, Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 408.25
  • Geocode Confidence: High
  • Attribution Contact: 704-663-3655
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Linoleum, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1188
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Range, Electric Water Heater
  • Above Grade Finished Sq Ft: 1188
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: Living Room
  • Living Area: 1188
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3

Exterior Features

  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Brick Full
  • Other Structures: Outbuilding, Shed(s), Tractor Shed
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Spaces: 3
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Detached Carport

Utilities

  • Heating: Baseboard, Wood Stove
  • Sewer: Septic Installed
  • Laundry Features: In Kitchen
  • Cooling: Central Air
  • Utilities: Electricity Connected
  • Water Source: Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: North Iredell
  • HOA Subject To: None

Lot Info

  • Lot Features: Pasture, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 4756-77-0070
  • Lot Size: 27.479
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RA

MLS Schools

  • Elementary School: Harmony
  • High School: North Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Sep 27, 2024
Sold by
Gatton Edwin R and Park Matthew Gregory
Bought by
Earnest Brett A and Earnest Stephanie H
Seller's Agent
Carolyn Horne
Lake Norman Realty, Inc.
Buyer's Agent
Lori Boger
Lake Norman Realty, Inc.
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%
Views
78
Current Estimated Value
$451,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,718
Avg. Annual Appreciation
-6.13%
Original Mortgage
$412,250
Outstanding Balance
$408,006
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$43,276

Purchase Details

Closed on
Jun 1, 1959
Bought by
Gatton Jack

Purchase Details

Closed on
Jun 1, 1901
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Earnest Brett A $485,000 None Listed On Document
Gatton Jack -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Earnest Brett A $412,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2024 10/03/24 Sold $485,000 -3.0% $408 / Sq Ft
06/12/2024 06/12/24 For Sale $499,900 -- $421 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $1,786 $292,580 $208,150 $84,430
2023 $1,786 $292,580 $208,150 $84,430
2022 $1,514 $231,770 $177,620 $54,150
2021 $1,510 $231,770 $177,620 $54,150
2020 $1,510 $231,770 $177,620 $54,150
2019 $1,487 $231,770 $177,620 $54,150
2018 $1,424 $229,680 $177,620 $52,060
2017 $1,424 $229,680 $177,620 $52,060
2016 $1,424 $229,680 $177,620 $52,060
2015 $1,424 $229,680 $177,620 $52,060
2014 -- $233,560 $177,630 $55,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4149685

Canopy MLS (Canopy Realtor® Association)

APN: 4758-77-0070.000