NOT LISTED FOR SALE

27 Morgan Branch Rd Leicester, NC 28748

Estimated Value: $615,000 - $846,208

3 Beds
2 Baths
1,904 Sq Ft
$376/Sq Ft Est. Value

Last Sold July 01, 2020

Last sale price $425,000 $223 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,043/month

3 Days on Market

Highlights

  • Barn
  • Mountain View
  • Hilly Lot
  • 14.56 Acre Lot
  • Deck
  • Wooded Lot

About This Home

As of July 2020

Picturesque working farm with stunning year round views only 25 minutes from downtown! This well kept brick ranch boasts 3 bedrooms, 2 bathrooms, a full unfinished basement with a partially finished bonus room, and 2 car garage. The 4 season sun room has beautiful views all around and a wood stove for heat on cool days. The kitchen has a fireplace with gas log, and the basement has a pellet stove!
With a fenced pasture, tractor shed, 16x16 barn with chute and head gate attached, this farm just needs your animals and is ready to go! 8 acres of pasture in the front, and the remaining wooded land in the back has further potential for more more pasture, or possible building sites (buyer to verify).

Last Agent to Sell the Property

Tasha Pepi

Homespun Investment Realty Inc Brokerage Email: tashapepi@gmail.com License #282236 Listed on: 05/15/2020

Last Buyer's Agent

Phil Hurley

Nexus Realty LLC License #272562

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,011

Year Built

  • Built in 1990

Lot Details

  • 14.56 Acre Lot
  • Front Green Space
  • Fenced
  • Lot Has A Rolling Slope
  • Hilly Lot
  • Wooded Lot
  • Property is zoned OU

Parking

  • 2 Car Garage
  • Basement Garage
  • Driveway

Home Design

  • Ranch Style House
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • Fireplace
  • Insulated Windows
  • Vinyl Flooring
  • Mountain Views

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Access to stream, creek or river
  • Deck
  • Covered Patio or Porch

Schools

  • Leicester/Eblen Elementary School
  • Clyde A Erwin Middle School
  • Clyde A Erwin High School

Farming

  • Barn
  • Machine Shed
  • Pasture

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 8689-97-7512-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,011

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1990
  • Restrictions: No Restrictions
  • Special Assessment Yn: 0
  • Road Surface Type: Dirt
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 223.21
  • Attribution Contact: tashapepi@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Other - See Remarks
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1904
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 1512
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1512
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Exhaust Fan, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 1904
  • Has Basement: Basement, Basement Garage Door, Exterior Entry, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: Gas Log, Wood Burning Stove
  • Living Area: 1904
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3
  • Room Count: 8
  • Sq Ft Other: 0

Exterior Features

  • Exterior Features: Fence
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Long Range, Mountain(s), Year Round
  • Waterfront Features: None
  • Waterfront Elevation: 2000
  • Construction Type: Brick Full
  • Other Structures: Barn(s), Tractor Shed
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Basement, Driveway, Garage

Utilities

  • Heating: Central, Forced Air, Natural Gas, Oil, Propane, Wood Stove
  • Sewer: Septic Installed
  • Laundry Features: Main Level
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • Middle Or Junior School: Clyde A Erwin
  • HOA Subject To: None

Lot Info

  • Lot Features: Green Area, Hilly, Pasture, Rolling Slope, Creek/Stream, Wooded, Views
  • Lot Size Area: 14.56
  • Lot Size Units: Acres
  • Parcel Number: 8689-97-7512-00000
  • Plat Book Slide: 0076/0093
  • Development Status: Completed
  • Lot Size Acres: 14.56
  • Lot Size Sq Ft: 634233
  • ResoLotSizeUnits: Acres
  • Zoning Specification: OU

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: Leicester/Eblen
  • High School: Clyde A Erwin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Jun 29, 2020
Sold by
Sargent Alfred and Sargent Karen
Bought by
Bussard Chad William and Bussard Katherine D
Seller's Agent
Tasha Pepi
Homespun Investment Realty Inc
Buyer's Agent
Phil Hurley
Nexus Realty LLC
List Price
$439,000
Sold Price
$425,000
Premium/Discount to List
-$14,000
-3.19%
Current Estimated Value
$715,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,302
Avg. Annual Appreciation
10.34%
Original Mortgage
$403,750
Outstanding Balance
$358,683
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$356,619

Purchase Details

Listed on
May 29, 2015
Closed on
Dec 15, 2015
Sold by
Ratcliff Thomas D and Ratcliff Carla
Bought by
Sargent Alfred and Sargent Karen
Seller's Agent
Michael Keleher
Town and Mountain Realty
Buyer's Agent
Tasha Pepi
Homespun Investment Realty Inc
List Price
$374,900
Sold Price
$355,000
Premium/Discount to List
-$19,900
-5.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.04%
Original Mortgage
$366,715
Interest Rate
3.91%
Mortgage Type
VA

Purchase Details

Closed on
Apr 6, 2000
Sold by
Ratcliff Thelma R
Bought by
Ratcliff Michael S and Ratcliff Joanne B
Source: Public Records

Range of Values:

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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
Bussard Chad William $425,000 None Available
Sargent Alfred $355,000 None Available
Ratcliff Michael S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bussard Chad William $403,750
Previous Owner Sargent Alfred $366,715
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2020 07/01/20 Sold $425,000 -3.2% $223 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $439,000 +23.7% $231 / Sq Ft
12/18/2015 12/18/15 Sold $355,000 -5.3% $186 / Sq Ft View Prior Sale
11/08/2015 11/08/15 Pending -- -- --
05/29/2015 05/29/15 For Sale $374,900 -- $197 / 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 $3,011 $390,500 $163,400 $227,100
2024 $3,011 $457,700 $213,700 $244,000
2023 $3,011 $457,700 $213,700 $244,000
2022 $2,876 $457,700 $0 $0
2021 $2,876 $457,700 $0 $0
2020 $2,083 $311,400 $0 $0
2019 $2,083 $311,400 $0 $0
2018 $2,083 $311,400 $0 $0
2017 $2,114 $302,900 $0 $0
2016 $2,254 $302,900 $0 $0
2015 $2,254 $302,900 $0 $0
2014 $2,163 $302,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3614785

Canopy MLS (Canopy Realtor® Association)

APN: 8689-97-7512-00000