NOT LISTED FOR SALE

2527 Us 70 E Morganton, NC 28655

Estimated Value: $210,331 - $254,000

2 Beds
1 Bath
1,090 Sq Ft
$207/Sq Ft Est. Value

Last Sold November 03, 2022

Last sale price $209,000 $192 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,293/month

107 Days on Market

Highlights

  • Private Lot
  • Wooded Lot
  • Cottage
  • Heritage Middle School Rated A-
  • Wood Flooring
  • Separate Outdoor Workshop

About This Home

As of November 2022

Hard to find level 1.26 acres in Drexel with a renovated 2 bedroom, 1 bath, 1090 sq ft cottage and garage/workshop. This property is very private even though it's driveway is off Hwy 70 E. The home is ready to move in to and features a large living room, dining area and a niche area that could be used as an office. The hardwoods have been beautifully refinished along with many more updates. See this home to appreciate it's setting and offerings.

Last Agent to Sell the Property

Allen Curtis

C Shane Cook & Associates License #287846 Listed on: 07/19/2022

Last Buyer's Agent

Kevin Castro

Coldwell Banker Newton RE License #297026

Coldwell Banker Newton RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,205

Year Built

  • Built in 1948

Lot Details

  • Private Lot
  • Level Lot
  • Wooded Lot
  • Property is zoned R-12, Drexel

Home Design

  • Cottage
  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 1,090 Sq Ft Home
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Detached Garage
  • Driveway

Outdoor Features

  • Separate Outdoor Workshop
  • Shed
  • Outbuilding

Schools

  • Drexel Elementary School
  • Heritage Middle School
  • Jimmy C Draughn High School

Utilities

  • Central Heating
  • Heating System Uses Oil
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 2723168354

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,205

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1948
  • Ratio Current Price By Acre: 165873.02
  • Restrictions: None
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 191.74
  • Special Features: None

Interior Features

  • Foundation Details: Basement Outside Entrance, Block, Crawl Space
  • Fireplace: No
  • Flooring: Tile, Wood
  • Interior Amenities: None
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1090
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Covered,Front
  • Appliances: Electric Oven, Electric Range
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1090
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Outbuilding(s), Shed(s), Workshop
  • New Construction: No
  • Roof: Fiberglass
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Waterfront Features: None
  • Waterfront Elevation: 1000
  • Construction Type: Brick Partial, Concrete, Stucco

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 484
  • Parking Features: Detached, Driveway

Utilities

  • Heating: Central, Oil
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

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

Lot Info

  • Lot Features: Level, Private, Wooded
  • Lot Size Area: 1.26
  • Lot Size Units: Acres
  • Parcel Number: 2723168354
  • Plat Book Slide: n/a
  • Lot Size: Irregular
  • Zoning Description: Drexel
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Block: n/a
  • RATIO List Price By Tax Amount: 2.96357

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Drexel
  • High School: Jimmy C Draughn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Nov 21, 2022
Sold by
Ibarra Isaias
Bought by
Ibarra Isaias and Hudson Martha
Seller's Agent
Allen Curtis
C Shane Cook & Associates
Buyer's Agent
Kevin Castro
Coldwell Banker Newton RE
List Price
$249,900
Sold Price
$209,000
Premium/Discount to List
-$40,900
-16.37%
Views
159
Current Estimated Value
$225,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,583
Avg. Annual Appreciation
2.65%
Original Mortgage
$205,214
Outstanding Balance
$196,228
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$29,355

Purchase Details

Listed on
Jul 19, 2022
Closed on
Nov 3, 2022
Sold by
Sandoval Ramirez Artemio
Bought by
Ibarra Isaias
Seller's Agent
Allen Curtis
C Shane Cook & Associates
Buyer's Agent
Kevin Castro
Coldwell Banker Newton RE
List Price
$249,900
Sold Price
$209,000
Premium/Discount to List
-$40,900
-16.37%
Views
159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,214
Outstanding Balance
$196,228
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$29,355

Purchase Details

Closed on
Jun 8, 2021
Sold by
Carswell Victor Eric and Carswell Sybil M
Bought by
Ramirez Artemio Sandoval

Purchase Details

Closed on
Sep 22, 2016
Sold by
Dockery David Roy and Dockery Lisa Ann
Bought by
Welch Christopher C and Welch Jancy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2008
Sold by
Carswell Victor Eric and Carswell Sybil Lynn
Bought by
Dockery David Roy and Dockery Teresa S
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
Ibarra Isaias -- --
Ibarra Isaias -- None Listed On Document
Ibarra Isaias $230,000 --
Ramirez Artemio Sandoval $50,000 None Available
Sandoval Ramirez Artemio -- Mcmurray-Russ Martha
Welch Christopher C $117,000 Attorney
Dockery David Roy $3,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibarra Isaias $205,214
Previous Owner Welch Christopher C $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2022 11/03/22 Sold $209,000 0.0% $192 / Sq Ft
09/08/2022 09/08/22 Price Changed $209,000 -4.6% $192 / Sq Ft
08/21/2022 08/21/22 Price Changed $219,000 -4.7% $201 / Sq Ft
07/29/2022 07/29/22 Price Changed $229,900 -8.0% $211 / Sq Ft
07/19/2022 07/19/22 For Sale $249,900 -- $229 / 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
2025 $1,205 $169,933 $22,856 $147,077
2024 $1,210 $169,933 $22,856 $147,077
2023 $1,210 $169,933 $22,856 $147,077
2022 $616 $69,023 $19,505 $49,518
2021 $601 $67,902 $19,505 $48,397
2020 $597 $67,902 $19,505 $48,397
2019 $597 $67,902 $19,505 $48,397
2018 $591 $67,184 $19,505 $47,679
2017 $589 $67,184 $19,505 $47,679
2016 $574 $67,184 $19,505 $47,679
2015 $571 $67,184 $19,505 $47,679
2014 $570 $67,184 $19,505 $47,679
2013 $570 $67,184 $19,505 $47,679
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3885455

Canopy MLS (Canopy Realtor® Association)

APN: 11722