NOT LISTED FOR SALE

248 Elmwood Rd Statesville, NC 28625

Estimated Value: $110,250 - $631,000

1.26 Acres
$241,746 Price per Acre
54,973 Sq Ft Lot

Last Sold February 25, 2022

Last sale price $7,000

Est. 2,164% increase in value since last sale

Current estimated payment $837/month

464 Days on Market

About This Lot

As of February 2022

Really nice, level 1.2 acre lot on Elmwood Road in Statesville with a wide 185' of road frontage. Convenient location near shopping and the interstate. But still located in a nice rural area for privacy and open spaces! County water available. Other nice homes in surrounding area of Elmwood Road. Level and ready to clear some of the trees (reserve some for shade!) Affordably priced, and interest rates are still low.

Also, a recent soil evaluation test resulted in the lot not being suitable for a conventional septic system. We are told there are alternate septic tank types. Iredell Co. Environmental Health has agreed to study the soil evaluation report we have on file and has agreed to consider giving an estimate of the cost and the type of system that would be suitable. If proven unsuitable, perhaps you may want to keep horses or a few cattle, plant a big garden, bring in a storage building or two, or hold in order to harvest and sell trees at maturity. No known restrictions.

Last Agent to Sell the Property

Gail Ketchie

Leaders Realty Group License #210532 Listed on: 10/25/2020

Last Buyer's Agent

Angie Bass

EXP Realty LLC Mooresville License #331496

EXP Realty LLC Mooresville

Property Details

Property Type

Land

Est. Annual Taxes

$74

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Directions: I-40 East to Statesville Exit #154, Old Mocksville Road. Rt. on Old Mocksville Rd. Then left onto Hwy. 64E. Right on Barry Oak for 1 mile. Right on Elmwood, go about 1/2 mile. Property on right.
  • Habitable Residence: No
  • Road Frontage Type: Paved Road, State Road
  • Road Surface Type: Paved
  • Structure Type: Acreage
  • Ratio Current Price By Acre: 5546.75
  • Restrictions: No Restrictions
  • Special Features: None

Interior Features

  • Possible Use: Cattle, Dairy, Farm, Orchard, Pasture/Grazing, Poultry, Recreational/2nd House, Residential, Tree Farm/Timber, Vegetable/Truck Farm, Other
  • Fixture Exception Yn: 0

Exterior Features

  • Lot Features: Level, Paved, Wooded, Wooded
  • Waterfront Features: None
  • Tax Location: Statesville
  • Construction Type: Manufactured,Off Frame Modular,On Frame Modular,Site Built
  • Wooded Acres: 1.20

Utilities

  • Sewer: Septic Needed
  • Water Source: County Water

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Zoning Description: RA
  • Out Buildings Yn: 0
  • Plat Reference Section Pages: 18
  • Cleared Acres: 0.00

Tax Info

  • RATIO List Price By Tax Amount: 0.75188

Multi Family

  • Unit Count: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2020
Closed on
Feb 23, 2022
Sold by
Roush Widowed Tracy Lynn
Bought by
Burch John Stuart
Seller's Agent
Gail Ketchie
Leaders Realty Group
Buyer's Agent
Angie Bass
EXP Realty LLC Mooresville
List Price
$19,000
Sold Price
$7,000
Premium/Discount to List
-$12,000
-63.16%
Current Estimated Value
$158,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,510
Avg. Annual Appreciation
171.45%

Purchase Details

Closed on
Jul 7, 2008
Sold by
Roush Jeffery L and Roush Tracy L
Bought by
Peoples Bank

Purchase Details

Closed on
Nov 15, 2006
Sold by
Baity Lois D
Bought by
Roush Jeffrey L and Roush Tracy Lynn
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
Burch John Stuart $7,000 None Listed On Document
Peoples Bank $190,000 None Available
Roush Jeffrey L $5,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $7,000 -63.2% --
02/01/2022 02/01/22 Pending -- -- --
12/21/2021 12/21/21 For Sale $19,000 0.0% --
11/30/2021 11/30/21 Pending -- -- --
11/22/2021 11/22/21 For Sale $19,000 0.0% --
06/29/2021 06/29/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $19,000 0.0% --
05/14/2021 05/14/21 Pending -- -- --
10/25/2020 10/25/20 For Sale $19,000 -- --
Source: Canopy MLS (Canopy Realtor® Association)

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 $74 $11,730 $7,070 $4,660
2024 $74 $11,730 $7,070 $4,660
2023 $42 $7,070 $7,070 $0
2022 $159 $25,270 $25,270 $0
2021 $159 $25,270 $25,270 $0
2020 $159 $25,270 $25,270 $0
2019 $156 $25,270 $25,270 $0
2018 $151 $25,270 $25,270 $0
2017 $143 $25,270 $25,270 $0
2016 $151 $25,270 $25,270 $0
2015 $151 $25,270 $25,270 $0
2014 $172 $31,050 $31,050 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3676262

Canopy MLS (Canopy Realtor® Association)

APN: 4774-99-7263.000