NOT LISTED FOR SALE

229 Timber Ridge Dr Lexington, NC 27292

Estimated Value: $182,000

-- Bed
-- Bath
-- Sq Ft
0.69 Acres

Last Sold October 23, 2018

Last sale price $87,500

Est. 108% increase in value since last sale

Current estimated payment $985/month

6 Days on Market

About This Home

As of October 2018

Well maintained and established Mobile home park located on 2+ acres. Property offers 4 Mobile homes and one lot that is rented. Tenants pay rent monthly. Each property has its own septic. Property comes with a utility building that the Seller has let one of the tenants use. Sold with this property is MLS #899613. All property price $195,000.00. Call listing agent for Income and Expenses. 3 tenants renting for 5 years, 2 over 2 years.

Last Agent to Sell the Property

Deborah Saintsing

Hillcrest Realty Group License #91622 Listed on: 08/10/2018

Last Buyer's Agent

Frankie Byrd

Price REALTORS - NC Hwy 8 License #171325

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $132

Year Built

  • Built in 1997

Lot Details

  • 0.69 Acre Lot
  • Property is zoned RA3

Parking

  • Driveway

Utilities

  • Central Air
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0500600000127A
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$132

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Sub Type: Remarks
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.692
  • Lot Size: 125 x 91.02 + 91.07 x 102.98 x 260.11
  • Directions: From Thomasville I 85 S toward Lexington, Exit Hwy 64, turn left, go under I 85 bridge and take the first road to the left, Heath Church Road, then first left on the Heath Lane. Take a right on Timber Ridge Drive.
  • Architectural Style: Manufactured
  • Year Built: 1997
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater

Exterior Features

  • Pool Features: None
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: See Remarks, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0500600000127A
  • Zoning: RA3
  • TRIADMLS_AcresRange: 1 - 1

Multi Family

  • Annual Gross Income: 27780
  • Property Net Operating Income: 25178
  • Annual Operating Expense: 2602.32

Tax Info

  • Tax Annual Amount: 131.62
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 0.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2020
Sold by
Falling Oak Investments Llc
Bought by
David & John Everharts Investments Llc
Current Estimated Value
$182,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$89,145
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$92,855

Purchase Details

Listed on
Aug 10, 2018
Closed on
Oct 8, 2018
Sold by
Wall & Whitehead Investments Llc
Bought by
Falling Oak Investments Llc
Seller's Agent
Deborah Saintsing
Hillcrest Realty Group
Buyer's Agent
Frankie Byrd
Price REALTORS - NC Hwy 8
List Price
$195,000
Sold Price
$87,500
Premium/Discount to List
-$107,500
-55.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%

Purchase Details

Closed on
Dec 21, 2011
Sold by
Owens Susan B
Bought by
Wall & Whitehead Investments Llc

Purchase Details

Closed on
Jun 1, 1992
Source: Public Records

Range of Values:

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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
David & John Everharts Investments Llc $150,000 None Available
Falling Oak Investments Llc $175,000 Chicago Title Insurance Co
Wall & Whitehead Investments Llc $58,000 None Available
-- $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open David & John Everharts Investments Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2018 10/23/18 Sold $87,500 -55.1% --
08/17/2018 08/17/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $195,000 -- --
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 $379 $60,130 $0 $0
2024 $379 $60,130 $0 $0
2023 $379 $60,130 $0 $0
2022 $379 $60,130 $0 $0
2021 $367 $60,130 $0 $0
2020 $130 $21,230 $0 $0
2019 $132 $21,230 $0 $0
2018 $132 $21,230 $0 $0
2017 $132 $21,230 $0 $0
2016 $132 $21,230 $0 $0
2015 $132 $21,230 $0 $0
2014 $103 $16,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Deborah Saintsing

    Hillcrest Realty Group

    (336) 689-2121

    35 Total Sales

    Deborah Saintsing
    Section Image
  • Frankie Byrd

    Buyer's Agent in 2018

    Frankie Byrd

    Price REALTORS - NC Hwy 8

    (336) 239-7253

    167 Total Sales

    Frankie Byrd
    Section Image
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Map

Source: Triad MLS

MLS Number: 899603

Triad MLS

APN: 05-006-0-000-0127-A-0-0

North Carolina Davidson County Lexington 27292

229 Timber Ridge Dr, Lexington, NC

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