NOT LISTED FOR SALE

245 Old Highway 29 Lexington, NC 27292

Estimated Value: $259,000 - $376,000

3 Beds
2 Baths
2,300 Sq Ft
$144/Sq Ft Est. Value

Last Sold May 12, 2022

Last sale price $230,000 $100 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,863/month

40 Days on Market

Highlights

  • 2.9 Acre Lot
  • Second Washer
  • Attached Carport
  • No HOA
  • Tile Flooring
  • Forced Air Heating and Cooling System

About This Home

As of May 2022

BACK ON THE MARKET, NO FAULT OF THE SELLER!! Must see brick ranch with acreage! Lots of original charm and craftsmanship! Hardwoods under all carpets (except bonus room/sunroom). Knotty Pine kitchen cabinets, paneling, and built-ins! Huge basement with tons of possibilities. Metal roof (2012), newer hot water heater, washer/dryer hookups upstairs and in the basement. Split zoned HC and RA3. Close proximity to Davidson-Davie Community College, Finch Park and Lake Thom-A-Lex. Bring your ideas today!

Last Agent to Sell the Property

Gwen Failing

KB Realty License #299040 Listed on: 02/26/2022

Last Buyer's Agent

Victoria Cottom

Cottom Realty License #314151

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,329

Year Built

  • Built in 1950

Lot Details

  • 2.9 Acre Lot
  • Lot Dimensions are 297 x 309.8 x 492.21 x 343.92 x 13.37 x 199.99
  • Cleared Lot
  • Property is zoned RA3/HC

Parking

  • 2 Car Garage
  • Attached Carport
  • Driveway

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,176 Sq Ft Home
  • 1,900-2,300 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • Pull Down Stairs to Attic
  • Free-Standing Range
  • Unfinished Basement

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Second Washer
  • Dryer Hookup
  • Second Dryer Hookup
  • Second Washer Hookup

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2-4
  • Assessor Parcel Number 16342A00A0001
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,329

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 2.9
  • Lot Size: 297 x 309.8 x 492.21 x 343.92 x 13.37 x 199.99
  • Subdivision Name: None
  • Directions: Head North on West Center St, Right on I-85 Bus N/US 29/US 64/US-70 E ramp, Keep left to stay on I-85 N, Right on Old US HWY 29, first house on left after dollar general.
  • Above Grade Finished Sq Ft: 2176
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1950
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1900 - 2300
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_AdCopy: Must see brick ranch with acreage! Hardwoods under carpet, Knotty Pine kitchen cabinets, paneling, and built-ins! Split zoned HC and RA3. Close proximity to Davidson-Davie Community College, Finch Park and Lake Thom-A-Lex. Bring your ideas today!
  • Special Features: None

Interior Features

  • Appliances: Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Built-in Features, Dead Bolt(s)
  • Has Basement: Unfinished, Basement
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 2176
  • Main Level Bathrooms: 2
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes

Exterior Features

  • Lot Features: Cleared
  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Laundry Features: 2nd Dryer Connection, 2nd Washer Connection, Dryer Connection, Washer Hookup
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Fireplace(s), Forced Air, Oil
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Oil
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 16342A00A0001
  • Zoning: RA3/HC
  • TRIADMLS_PlatPage: 81
  • TRIADMLS_PlatBook: 77
  • TRIADMLS_AcresRange: 3 - 3

Tax Info

  • Tax Annual Amount: 3329.29
  • Tax Lot: 2-4
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 0.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2022
Closed on
May 10, 2022
Sold by
Curry Candice C
Bought by
Lalone Vaughn C and Lalone Jennifer
Seller's Agent
Gwen Failing
KB Realty
Buyer's Agent
Victoria Cottom
Cottom Realty
Sold Price
$230,000
Current Estimated Value
$331,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,727
Avg. Annual Appreciation
11.13%

Purchase Details

Closed on
Jan 7, 2021
Sold by
Curry Candice Clodfelter
Bought by
Teramore Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,142,543
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 1977

Purchase Details

Closed on
Nov 20, 1950
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
Lalone Vaughn C $230,000 Waterhouse Ivy O
Teramore Development Llc $215,000 None Available
Teramore Development Lc $215,000 None Listed On Document
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Teramore Development Lc $1,142,543
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2022 05/12/22 Sold $230,000 -- $121 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
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 $1,528 $231,510 $0 $0
2024 $1,528 $231,510 $0 $0
2023 $1,528 $231,510 $0 $0
2022 $2,172 $329,170 $0 $0
2021 $3,279 $496,910 $0 $0
2020 $3,230 $489,370 $0 $0
2019 $3,279 $489,370 $0 $0
2018 $3,181 $489,370 $0 $0
2017 $3,181 $489,370 $0 $0
2016 $3,181 $489,370 $0 $0
2015 $3,181 $489,370 $0 $0
2014 $1,235 $189,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gwen Failing

    KB Realty

    (336) 414-9310

    1 in this area

    7 Total Sales

    Gwen Failing
    Section Image

  • V

    Buyer's Agent in 2022

    Victoria Cottom

    Cottom Realty

    (336) 633-1333

    1 in this area

    11 Total Sales

    Victoria Cottom
    Section Image
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Map

Source: Triad MLS

MLS Number: 1060199

Triad MLS

APN: 16-342-A-00A-0001-0-0-0

North Carolina Davidson County Lexington 27292

245 Old Highway 29, Lexington, NC

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