NOT LISTED FOR SALE

1895 Sandy Ridge Rd Colfax, NC 27235

Colfax Neighborhood

Estimated Value: $469,000 - $720,668

3 Beds
2 Baths
1,920 Sq Ft
$322/Sq Ft Est. Value

Last Sold October 05, 2012

Last sale price $60,000 $31 Per Sq Ft

Est. 930% increase in value since last sale

Current estimated payment $3,583/month

39 Days on Market

Highlights

  • 2.01 Acre Lot
  • Wood Flooring
  • Log Cabin
  • Colfax Elementary School Rated A-
  • No HOA
  • Level Lot

About This Home

As of October 2012

Foreclosure opportunity priced over $70,000 below tax value for immediate sale. Fantastic location, beautiful setting, wonderful 2 acre site with rustic log cabin that needs repair, but priced accordingly. Fenced backyard, 16x24 detached storage building. To be sold as is.

Last Agent to Sell the Property

Sam Ogburn Jr, CCIM, CPM

Ogburn Properties License #42500 Listed on: 08/17/2012

Last Buyer's Agent

Glenda Leinbach

Glenda H. Leinbach License #191044

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,284

Year Built

  • Built in 1979

Lot Details

  • 2.01 Acre Lot
  • Level Lot
  • Property is zoned RS-40

Parking

  • No Garage

Home Design

  • Log Cabin
  • Log Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • Property has 1 Level
  • Den with Fireplace
  • Crawl Space
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,284

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.01
  • Directions: I-40E to Sandy Ridge Rd exit R, Slight L on Bunker Hill-Sandy Ridge Rd becomes Sandy Ridge Rd
  • Above Grade Finished Sq Ft: 1920
  • Architectural Style: Log
  • Unit Levels: One and One Half
  • Year Built: 1979
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1920
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Carpet, Vinyl, Wood
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Den
  • Fireplaces: 1
  • Living Area: 1920
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Lot Features: Level
  • Construction Type: Log

Garage/Parking

  • Parking Features: No Garage
  • Garage Description: None

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Washer Hookup
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Call School Board
  • High School: Call School Board
  • Middle Or Junior School: Call School Board

Lot Info

  • Zoning: RS-40

Tax Info

  • Tax Annual Amount: 1283.9
  • Tax Year: 2012
  • TRIADMLS_TaxRate: 0.8818

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2017
Sold by
Leary Patrick James O and Leary Amanda Elizabeth O
Bought by
Leary Patrick James O and Leary Amanda Elizabeth O
Current Estimated Value
$617,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Outstanding Balance
$196,439
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$421,478

Purchase Details

Closed on
Jun 21, 2017
Sold by
Holdaway Gaylan Chris and Holdaway Tiffany Murdock
Bought by
Leary Patrick James O and Leary Amanda Elizabeth O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Outstanding Balance
$196,439
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$421,478

Purchase Details

Closed on
Jul 24, 2012
Sold by
Arnold Terry G and Arnold Kathy G
Bought by
Piedmont Federal Saving Bank

Purchase Details

Closed on
Dec 17, 2002
Sold by
Arnold Terry G
Bought by
Arnold Kathy G
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
Leary Patrick James O -- None Available
Leary Patrick James O $490,000 None Available
Piedmont Federal Saving Bank $100,210 None Available
Arnold Kathy G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leary Patrick James O $374,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2012 10/05/12 Sold $60,000 -19.9% $31 / Sq Ft
09/26/2012 09/26/12 Pending -- -- --
08/17/2012 08/17/12 For Sale $74,900 -- $39 / 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
2025 $4,229 $494,800 $75,000 $419,800
2024 $4,229 $494,800 $75,000 $419,800
2023 $4,229 $494,800 $75,000 $419,800
2022 $4,229 $494,800 $75,000 $419,800
2021 $3,569 $417,600 $60,000 $357,600
2020 $3,618 $417,600 $60,000 $357,600
2019 $3,618 $417,600 $0 $0
2018 $3,600 $417,600 $0 $0
2017 $3,618 $417,600 $0 $0
2016 $3,516 $394,600 $0 $0
2015 $3,535 $394,600 $0 $0
2014 $2,025 $223,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 650981

Triad MLS

APN: 0169227