NOT LISTED FOR SALE

220 Cherokee Rd Pinehurst, NC 28374

Estimated Value: $1,263,000 - $1,581,000

4 Beds
2.5 Baths
-- Sq Ft
0.29 Acres

Last Sold June 01, 2016

Last sale price $740,000

Est. 90% increase in value since last sale

Current estimated payment $7,842/month

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Wood Siding
  • Pinehurst Elementary School Rated A-
  • Ceiling Fan
  • 3-minute walk to Tufts Memorial Park

About This Home

As of July 2016

Walk to the village! This historic Elm Cottage is located in the heart of Old Town and just one block from the famous Pinehurst No 2 Golf Course. It is charming with loads of character, but updated to today's lifestyle. First floor Master with bay windows and renovated kitchen open to family room.Wraparound back deck. Village homes of this caliber are seldom available for rent. Must see.

Last Agent to Rent the Property

Lin Hutaff

Re/Max Prime Properties Listed on: 06/13/2016

Last Renter's Agent

James Garrett

The Gentry Team License #38210

The Gentry Team

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 0.29

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Siding

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • Ceiling Fan
  • Corner Lot
  • Forced Air Heating System

Community Details

  • Old Town Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Rental
  • Sub Type: Single Family Residence
  • Appliances Equipment: Built-In Microwave, Refrigerator, Disposal, Dishwasher
  • Directions To Property: From Midland Rd turn right onto Palmetto, house is on the corner of Palmetto and Cherokee Rd
  • Fencing: None
  • Listing I D: 176389
  • Lot Description: Corner Lot
  • Marketing City: Pinehurst
  • M L S Approved: Y
  • State Province: NC
  • Subdivision: Old Town
  • Un Branded Virtual Tour: http://www.seetheproperty.com/u/205046
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 2.50
  • Bedrooms: 4

Exterior Features

  • Exterior Finish: Wood Siding

Garage/Parking

  • Detached Garage Spaces: 2.00

Utilities

  • Heating System: Forced Air
  • Utilities: Sewer Available, Water Available
  • Heating System Fuel Source: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2016
Closed on
May 12, 2016
Sold by
Mercer Nikki J
Bought by
Bennett Daniel W and Cummings Sally Ann
Seller's Agent
Lin Hutaff
Re/Max Prime Properties
Buyer's Agent
James Garrett
The Gentry Team
Sold Price
$2,500
Current Estimated Value
$1,402,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,399,974
Avg. Annual Appreciation
6.88%
Original Mortgage
$255,000
Outstanding Balance
$204,375
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,198,099

Purchase Details

Closed on
Jul 25, 2006
Sold by
Toups John M and Toups Nina S
Bought by
The Nikki J & William J Mercer Living Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,520
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2004
Sold by
Toups John M and Toups Nina S
Bought by
Mercer Nikki J & William J Living Trust
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
Bennett Daniel W $740,000 Attorney
The Nikki J & William J Mercer Living Tr $910,000 None Available
Mercer Nikki J & William J Living Trust $860,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bennett Daniel W $255,000
Previous Owner The Nikki J & William J Mercer Living Tr $725,520
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2016 07/01/16 Rented $2,500 0.0% --
06/01/2016 06/01/16 Sold $740,000 -- -- View Prior Sale
Source: Hive 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 $6,968 $1,217,090 $351,580 $865,510
2023 $7,272 $1,217,090 $351,580 $865,510
2022 $5,905 $707,180 $242,200 $464,980
2021 $6,117 $707,180 $242,200 $464,980
2020 $6,054 $693,240 $242,200 $451,040
2019 $6,054 $707,180 $242,200 $464,980
2018 $5,106 $638,230 $221,100 $417,130
2017 $5,042 $638,230 $221,100 $417,130
2015 $4,946 $638,230 $221,100 $417,130
2014 $6,587 $861,040 $179,070 $681,970
2013 -- $861,040 $179,070 $681,970
Source: Public Records

Agents Affiliated with this Home

  • L

    Landlord's Agent in 2016

    Lin Hutaff

    RE/MAX

  • M

    Seller's Agent in 2016

    Maureen Clark

    Berkshire Hathaway HS Pinehurst Realty Group/PH

  • James Garrett

    Tenant's Agent in 2016

    James Garrett

    The Gentry Team

    (910) 690-8174

    15 in this area

    19 Total Sales

    James Garrett
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Map

Source: Hive MLS

MLS Number: 176389

Hive MLS

APN: 8562-09-16-0591

North Carolina Moore County Pinehurst 28374

220 Cherokee Rd, Pinehurst, NC

Not Listed for Sale

Detached

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