NOT LISTED FOR SALE

262 Rainey Ridge Rd Semora, NC 27343

Estimated Value: $599,000 - $659,859

1 Bed
2 Baths
1,200 Sq Ft
$522/Sq Ft Est. Value

Sale Details

Date Sold: June 4, 2021

Last sale price $410,000 $342 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,769 / mo

2 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Wood Flooring
  • High Ceiling
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Porch

About This Home

As of June 2021

Unique property and opportunity! Owner built this as detached garage (and apartment)... but never built his house. Septic is for 4 bedrooms but detached garage has 1 bedroom and a bunk room on main level. 2 bathrooms (One bathroom upstairs. One in lower garage area) 3.37 acres! PORCHES galore! There is no boathouse. The lake authority has given permission for 30 ft wide boathouse. Garage is adorable! Beadboard ceilings! Hardwood floors! Solid wood doors! Furniture stays! Boat stays! Golf cart stays!

Last Agent to Sell the Property

Gay Poindexter

RE/MAX Premier Realty License #236075 Listed on: 05/03/2021

RE/MAX Premier Realty

Last Buyer's Agent

Amy West

Keller Williams Elite Realty License #283692

Keller Williams Elite Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,854

Year Built

  • Built in 2009

Lot Details

  • 3.37 Acre Lot
  • 80 Feet of Waterfront
  • Lake Front
  • Landscaped
  • Open Lot

HOA Fees

Parking

  • 1 Car Garage
  • Basement Garage
  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Board and Batten Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • Multi-Level Property
  • High Ceiling
  • Den with Fireplace
  • Water Views
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Electric Range

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Shower Only

Basement

  • Heated Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Leased Waterfront
  • Patio
  • Porch

Schools

  • Woodland Elementary School
  • Northern Middle School
  • Person High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Association fees include road maintenance
  • Road Maintenance Association
  • Person Caswell Lake Autho Association
  • Hyco Lake Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,854

Year Built

Built in 2009

Lot Details

3.37 Acres

HOA Fees

$21 per month

Parking

1

Listing Details

  • Year Built: 2009
  • Prop. Type: Residential
  • Reso Association Fee Includes: Road Maintenance
  • Subdivision Name: Hyco Lake
  • Above Grade Finished Sq Ft: 1200.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Multi/Split
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Below Grade Unfinished Area: 720.0
  • General Property Information Total Unfinished Area2: 720.0
  • General Property Information Lot Size Dimensions: 3.37
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Main Level: Yes
  • Structure Type Site Built: Yes
  • Flooring Hardwood: Yes
  • Water Source Well: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: M
  • Interior Features Shower Only: Yes
  • Levels MultiSplit: Yes
  • Basement Heated3: Yes
  • General Property Information Association Name 2: Person Caswell Lake Autho
  • General Property Information Water Frontage Length2: 80.0
  • Lot Water Features Water View: Yes
  • Lot Water Features Waterfront3: Yes
  • General Property Information Above Grade Finished Area: 1200.0
  • General Property Information Carport YN: No
  • Flooring Concrete3: Yes
  • Waterfront Access Leased Frontage: Yes
  • General Property Information Lot Size Square Feet2: 146797.2
  • General Property Information Lot Size Acres: 3.37
  • General Property Information:Living Area3: 1200.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Concrete, Hardwood
  • Interior Amenities: Bathtub/Shower Combination, Eat-in Kitchen, High Ceilings, Primary Downstairs, Shower Only
  • Basement: Exterior Entry, Heated, Interior Entry
  • Appliances: Electric Range, Electric Water Heater
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: Den
  • Fireplaces: 1
  • Interior Features:High Ceilings: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Fireplace Features:Den: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Water Body Name: Hyco Lake
  • Acres: 3.37
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Board & Batten Siding
  • Patio And Porch Features: Patio, Porch
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Board Batten Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Open Lot: Yes
  • Waterfront Features:Lake3: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Basement, Driveway, Garage, Gravel
  • Parking Features:Garage: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Basement2: Yes
  • General Property Information:Garage Spaces: 1.0

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association #2 Fee: 160.75
  • Association #2 Fee Frequency: Annually
  • Association Fee: 100.0
  • Association Fee Frequency: Annually
  • Association: Person Caswell Lake Autho
  • Association Name: Road Maintenance
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Road Maintenance
  • General Property Information:Association Fee: 100.0
  • General Property Information:Association Fee Frequency: Annually
  • General Property Information:Association Fee 2: 160.75
  • General Property Information:Association Fee 2 Frequency: Annually

Schools

  • Ninth Grade High School: Person - Person
  • Middle Or Junior School: Person - Northern

Lot Info

  • Lot Dimensions: 3.37
  • Lot Size Sq Ft: 146797.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2854.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Person - Woodland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
May 28, 2021
Sold by
Chambers Rodney Mason and Chambers Cynthia H
Bought by
Smith Leslie Pritchett and Smith Richrd Bret
Seller's Agent
Gay Poindexter
RE/MAX Premier Realty
Buyer's Agent
Amy West
Keller Williams Elite Realty
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%
Current Estimated Value
$626,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,965
Avg. Annual Appreciation
9.09%
Original Mortgage
$328,000
Outstanding Balance
$323,766
Interest Rate
2.9%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
$303,199

Purchase Details

Closed on
Feb 9, 1996
Bought by
Chambers Rodney Mason
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Purchase History

Date Buyer Sale Price Title Company
Smith Leslie Pritchett $410,000 None Available
Chambers Rodney Mason $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Leslie Pritchett $328,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $410,000 -- --
06/04/2021 06/04/21 Sold $410,000 +2.8% $342 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $399,000 -- $333 / Sq Ft
Source: Doorify MLS

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 $5,089 $732,094 $0 $0
2024 $3,704 $452,245 $0 $0
2023 $3,724 $452,245 $0 $0
2022 $2,899 $375,410 $0 $0
2021 $2,814 $375,410 $0 $0
2020 $1,425 $323,467 $0 $0
2019 $1,447 $323,467 $0 $0
2018 $1,369 $323,467 $0 $0
2017 $2,272 $323,461 $0 $0
2016 $1,353 $323,461 $0 $0
2015 $2,171 $308,962 $0 $0
2014 $2,154 $306,627 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2381417

Doorify MLS

APN: A3-48

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