NOT LISTED FOR SALE

1954 Bowen Rd Pinnacle, NC 27043

Estimated Value: $488,000 - $681,000

4 Beds
1.5 Baths
3,300 Sq Ft
$184/Sq Ft Est. Value

Last Sold June 16, 2015

Last sale price $337,500 $102 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,423/month

157 Days on Market

Highlights

  • Living Room with Fireplace
  • Farmhouse Style Home
  • 2 Car Detached Garage
  • Chestnut Grove Middle Rated 9+
  • No HOA
  • Porch

About This Home

As of June 2015

Charming 2 story renovated farmhouse, originally built in 1910, sitting off the road on a slight knoll overlooking the surrounding foothills with views of Pilot Mountain. Fresh, modern décor is the epitome of comfortable southern style. 11 acres with 4.7 Certified Organic acres, over a 1000 ft on the Little Yadkin River. Original barn (50x46) with new sliding doors, electric, 6-8 stalls & huge loft. Solar Panels on barn roof generate electricity that is sold to Duke Energy covers 65% of the energy usage.

Last Agent to Sell the Property

Leon Inman

Carolina Farms & Homes - King License #62671 Listed on: 11/15/2014

Last Buyer's Agent

John Alspaw

Salem Realty License #206713

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,762

Year Built

  • Built in 1900

Lot Details

  • 11.07 Acre Lot
  • Property is zoned RA

Parking

  • 2 Car Detached Garage

Home Design

  • Farmhouse Style Home
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 3,114 Sq Ft Home
  • 2,800-3,300 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Living Room with Fireplace
  • 2 Fireplaces
  • Den with Fireplace
  • Crawl Space
  • Laundry on main level

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Soaking Tub
  • Separate Shower

Outdoor Features

  • Outdoor Storage
  • Porch

Location

  • In Flood Plain

Schools

  • Chestnut Grove Middle School
  • West Stokes High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 8711 / 04-70
  • Assessor Parcel Number 598404708711
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,762

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 11.07
  • Directions: North on Old Hwy 52, turn right on Chestnut Grove Road to stop sign, turn left on Volunteer Road, then left on Bowen Road.
  • Above Grade Finished Sq Ft: 3114
  • Architectural Style: Farm House
  • Unit Levels: One and One Half
  • Year Built: 1900
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2800 - 3300
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Interior Amenities: Ceiling Fan(s), Soaking Tub, Separate Shower
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Den, Living Room
  • Fireplaces: 2
  • Living Area: 3114
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1

Exterior Features

  • Construction Type: Aluminum Siding, Vinyl Siding
  • Other Structures: Storage
  • Flood Zone: Flood Plain

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Garage Description: Detached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Main Level
  • Cooling: Central Air
  • Heating: Forced Air, Heat Pump, Oil, Wood
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Oil, Wood Fuel
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Pinnacle
  • High School: West Stokes
  • Middle Or Junior School: Chestnut Grove

Lot Info

  • Parcel #: 598404708711
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 1761.8
  • Tax Block: 04-70
  • Tax Lot: 8711
  • Tax Map Number: 5984
  • Tax Year: 2014
  • TRIADMLS_TaxRate: 0.705

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2018
Sold by
Knight Joseph M
Bought by
Geismar Janet G
Current Estimated Value
$605,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,251,000
Outstanding Balance
$910,188
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
-$304,442

Purchase Details

Listed on
Nov 15, 2014
Closed on
Jun 16, 2015
Sold by
Payne Molly S and Bartlett James W
Bought by
Knight Joseph M and Geismar Janet G
Seller's Agent
Leon Inman
Carolina Farms & Homes - King
Buyer's Agent
John Alspaw
Salem Realty
List Price
$369,900
Sold Price
$337,500
Premium/Discount to List
-$32,400
-8.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%
Original Mortgage
$50,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2011
Sold by
Payne Molly S and Bartlett James W
Bought by
Payne Molly S and Bartlett James W

Purchase Details

Closed on
Jun 24, 2009
Sold by
Hill Doris Bowen and Hill James Kenneth
Bought by
Payne Molly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,056
Interest Rate
4.79%
Mortgage Type
FHA
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Geismar Janet G $125,000 None Available
Knight Joseph M $337,500 Attorney
Payne Molly S -- None Available
Payne Molly S $251,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geismar Janet G $1,251,000
Previous Owner Knight Joseph M $50,000
Previous Owner Payne Molly S $246,056
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2015 06/16/15 Sold $337,500 -8.8% $121 / Sq Ft
04/22/2015 04/22/15 Pending -- -- --
11/15/2014 11/15/14 For Sale $369,900 -- $132 / 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 $3,447 $482,100 $113,800 $368,300
2024 $3,447 $349,100 $81,100 $268,000
2023 $2,828 $349,100 $81,100 $268,000
2022 $2,583 $349,100 $81,100 $268,000
2021 $2,583 $349,100 $81,100 $268,000
2020 $2,355 $318,300 $80,100 $238,200
2019 $2,355 $318,300 $80,100 $238,200
2018 $2,355 $318,300 $80,100 $238,200
2017 $2,331 $317,100 $80,100 $237,000
2016 $2,180 $296,600 $80,100 $216,500
2015 $1,824 $249,900 $75,400 $174,500
2014 -- $249,900 $75,400 $174,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 724506

Triad MLS

APN: 598404708711