NOT LISTED FOR SALE

2501 Oakspring Rd Matthews, NC 28104

Estimated Value: $484,000 - $815,000

5.06 Acres
$114,469 Price per Acre
220,414 Sq Ft Lot

Last Sold January 15, 2021

Last sale price $550,000 $266 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,038/month

158 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Paved or Partially Paved Lot
  • Stallings Elementary School Rated A
  • Separate Outdoor Workshop

About This Lot

As of January 2021

5 acres zoned MU-1. Uses for single family & town homes. 6 town homes per acre; 4 homes per acre per MU-1 zoning. Level acreage. 607 foot road frontage. Single family home has 2,064 sq. ft. heated, 480 sq. ft. screened porch, 252 sq ft sun room unheated; in ground pool; warehouse/garage has 4,744 sq. ft w/office heated with 256 sq. ft; mobile home that is 1,020 sq. ft. heated. Single family home, warehouse and mobile home are sold as is. Single family home was built by original owner who used warehouse for his business. Perfect land for future development or continued use as a residential home. Hardwood floors under carpet in home. Home does not have a lock box. If a buyer is interested as a residential home, the listing agent must accompany the buyer and their agent. Two parcels: 07-081-003-B and 07-081-286. Multiple uses allowed: church, dry cleaners, fitness center. Stallings Table of Uses for MU-1 is attached.

Last Agent to Sell the Property

Lucy Drake

Keller Williams Ballantyne Area Brokerage Email: lucy@lucydrake.com License #264544 Listed on: 06/05/2020

Keller Williams Ballantyne Area

Last Buyer's Agent

Ann Devasia

Coldwell Banker Realty License #302279

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $67

Lot Details

  • 5.06 Acre Lot
  • Lot Dimensions are 607x402x532x293
  • Property fronts a state road
  • Paved or Partially Paved Lot
  • Level Lot
  • Possible uses of the property include Other - See Remarks, Subdevelopment
  • Property is zoned MU-1, MU

Basement

  • Crawl Space

Schools

  • Stallings Elementary School
  • Porter Ridge High School

Utilities

  • Shared Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 07-081-286

Community Details

Overview

  • No Home Owners Association

Recreation

  • In Ground Pool
  • Separate Outdoor Workshop
  • Shed
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$67

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Acreage
  • Habitable Residence Yn: Yes
  • Restrictions: Other - See Remarks
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Attribution Contact: lucy@lucydrake.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Possible Use: Other - See Remarks, Subdevelopment

Exterior Features

  • Exterior Features: In Ground Pool, Other - See Remarks
  • Construction Type: Site Built
  • Road Frontage: 607
  • Waterfront Features: None
  • Other Structures: House-As Is, Outbuilding, Shed(s), Workshop, Other - See Remarks

Utilities

  • Sewer: Septic Installed
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: None
  • Hoa Subject To Dues: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Level, Paved
  • Lot Size Units: Acres
  • Parcel Number: 07-081-286
  • Zoning: MU
  • Can Be Subdivided: 1
  • Plat Reference Section Pages: 606
  • Lot Size Acres: 5.06
  • Lot Size: 607x402x532x293
  • Lot Size Sq Ft: 220413
  • Additional Parcels Description: 07-081-003-B
  • ResoLotSizeUnits: Acres
  • Zoning Specification: MU-1

Rental Info

  • Hold Date: 2020-07-02

MLS Schools

  • Elementary School: Stallings
  • High School: Porter Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2021
Sold by
Mckee Dorothy Anne
Bought by
Swaminarayan Mission
Current Estimated Value
$579,215

Purchase Details

Listed on
Jun 5, 2020
Closed on
Jan 14, 2021
Sold by
Mckee Dorothy Anne
Bought by
Swaminarayan Mission
Seller's Agent
Lucy Drake
Keller Williams Ballantyne Area
Buyer's Agent
Ann Devasia
Coldwell Banker Realty
List Price
$600,000
Sold Price
$550,000
Premium/Discount to List
-$50,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.09%
Original Mortgage
$80,000
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
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
Swaminarayan Mission -- None Available
Swaminarayan Mission $550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Swaminarayan Mission $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $550,000 -8.3% $266 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $600,000 0.0% $291 / Sq Ft
09/18/2020 09/18/20 For Sale $600,000 +9.1% $291 / Sq Ft
07/02/2020 07/02/20 Off Market $550,000 -- --
06/05/2020 06/05/20 For Sale $600,000 -- $291 / Sq Ft
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
2024 $67 $225,500 $40,000 $185,500
2023 $67 $225,500 $40,000 $185,500
2022 $1,899 $225,500 $40,000 $185,500
2021 $980 $225,500 $40,000 $185,500
2020 $700 $129,630 $23,930 $105,700
2019 $697 $129,630 $23,930 $105,700
2018 $697 $129,630 $23,930 $105,700
2017 $730 $129,600 $23,900 $105,700
2016 $720 $129,630 $23,930 $105,700
2015 $727 $129,630 $23,930 $105,700
2014 $1,023 $144,530 $26,830 $117,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3628313

Canopy MLS (Canopy Realtor® Association)

APN: 07-081-286