NOT LISTED FOR SALE

242 Island Dr Madison, NC 27025

Estimated Value: $208,000 - $248,000

3 Beds
1.5 Baths
1,700 Sq Ft
$130/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $189,000 $111 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,400/month

46 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Carpet
  • Carport
  • Level Lot

About This Home

As of May 2022

Back on the market, no fault of the sellers! Solid brick home with spacious rooms and nice updates. Updated electrical, roof, HVAC and hot water heater. Property includes wood deck, double driveway with attached carport and detached carport, unfinished basement and a utility building.

Last Agent to Sell the Property

Tim Atkins

Allen Tate Oak Ridge Commons License #281976 Listed on: 03/03/2022

Allen Tate Oak Ridge Commons

Last Buyer's Agent

Deborah Perry

RE/MAX of Greensboro License #203274

RE/MAX of Greensboro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $982

Year Built

  • Built in 1959

Lot Details

  • 0.42 Acre Lot
  • Level Lot
  • Property is zoned R10MD

Parking

  • 2 Car Garage
  • Carport
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,566 Sq Ft Home
  • 1,400-1,700 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • Dryer Hookup
  • Unfinished Basement

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Western Rockingham Middle School
  • Mcmichael High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 118556
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$982

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.418
  • Subdivision Name: None
  • Directions: from 311, Turn onto Island Dr. home is on the right side.
  • Above Grade Finished Sq Ft: 1566
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1959
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1400 - 1700
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Carpet, Laminate, Vinyl
  • Has Basement: Unfinished, Basement
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 1566
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1

Exterior Features

  • Lot Features: Level
  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Carport, Driveway, Attached Carport, Detached Carport
  • Garage Description: Attached Carport, Detached Carport

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, In Basement, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Dillard Academy
  • High School: McMichael
  • Middle Or Junior School: Western Rockingham

Lot Info

  • Parcel #: 118556
  • Zoning: R10MD
  • TRIADMLS_PricePerAcre: 466507.177
  • TRIADMLS_DeedPage: 0253
  • TRIADMLS_DeedBook: 0493
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 982
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 0.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
May 26, 2022
Sold by
Tuttle Neal Robyn
Bought by
Walker Steven Paul
Seller's Agent
Tim Atkins
Allen Tate Oak Ridge Commons
Buyer's Agent
Deborah Perry
RE/MAX of Greensboro
List Price
$195,000
Sold Price
$189,000
Premium/Discount to List
-$6,000
-3.08%
Current Estimated Value
$221,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,564
Avg. Annual Appreciation
3.00%
Original Mortgage
$179,550
Outstanding Balance
$170,587
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$37,934
Source: Public Records

Range of Values:

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Average Value
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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
Walker Steven Paul $189,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Steven Paul $179,550
Previous Owner Tuttle Carl P $77,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $189,000 -3.1% $135 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
04/02/2022 04/02/22 For Sale $195,000 -- $139 / 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 $2,745 $214,427 $13,716 $200,711
2024 $2,745 $214,427 $13,716 $200,711
2023 $2,745 $113,906 $12,420 $101,486
2022 $1,623 $113,906 $12,420 $101,486
2021 $1,623 $113,906 $12,420 $101,486
2020 $982 $113,906 $12,420 $101,486
2019 $982 $113,906 $12,420 $101,486
2018 $1,048 $118,458 $16,840 $101,618
2017 $1,048 $118,458 $16,840 $101,618
2015 $1,058 $118,458 $16,840 $101,618
2014 -- $118,458 $16,840 $101,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1060624

Triad MLS

APN: 118556