NOT LISTED FOR SALE

274 Troutman Farm Rd Statesville, NC 28677

Estimated Value: $335,000 - $381,000

4 Beds
2 Baths
1,614 Sq Ft
$223/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $315,000 $195 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,025/month

52 Days on Market

Highlights

  • Private Lot
  • Ranch Style House
  • Covered Patio or Porch
  • Wooded Lot
  • Wood Flooring
  • Walk-In Closet

About This Home

As of September 2022

Take me home country roads to this farmhouse style ranch situated on 1.6 acres. Troutman Farm road is part of the original Troutman family settlers that dates back the 1800's. There is currently a historic schoolhouse, depot and cemetery that were preserved. This road is particularly quiet and you can hear the rooster crow at sunrise and enjoy the deep country sunsets in your backyard. The split bedroom floor plan is especially favorable with great use of space. Although 1.6 acres the home backs-up to a farm. Depending on your plans and septic/well site there may be room to add a detached shop or carport. Also, a perfect place for a mini farm. So many options depending on your lifestyle and located within minutes to DT Troutman, I-40 and I-77.

Last Agent to Sell the Property

Sheena Shaw

EXP Realty LLC Mooresville License #265691 Listed on: 07/22/2022

EXP Realty LLC Mooresville

Last Buyer's Agent

Leighanne Ballentine

Howard Hanna Allen Tate Lake Norman License #326966

Howard Hanna Allen Tate Lake Norman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,569

Year Built

  • Built in 2004

Lot Details

  • Private Lot
  • Level Lot
  • Wooded Lot
  • Zoning described as R20

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,614 Sq Ft Home
  • Ceiling Fan
  • Propane Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Outbuilding

Schools

  • Troutman Elementary And Middle School
  • South Iredell High School

Utilities

  • Central Heating
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4722-61-9764.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,569

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 2004
  • Ratio Current Price By Acre: 187500.00
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 195.17
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Other, Breakfast Bar, Split Bedroom, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1614
  • 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: Ceiling Fan(s), Dishwasher, Electric Range, Plumbed For Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Propane
  • Living Area: 1614
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Outbuilding(s)
  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Brick, Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Complex Name: None

Schools

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

Lot Info

  • Lot Features: Level, Private, Wooded, Views
  • Lot Size Units: Acres
  • Parcel Number: 4722-61-9764.000
  • Zoning Description: R20
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.92319

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Troutman
  • High School: South Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Sep 12, 2022
Sold by
Faust Marshal V
Bought by
Neely Jacob Ryan and Smolec Monika
Seller's Agent
Sheena Shaw
EXP Realty LLC Mooresville
Buyer's Agent
Leighanne Ballentine
Howard Hanna Allen Tate Lake Norman
List Price
$315,000
Sold Price
$315,000
Views
44
Current Estimated Value
$359,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,295
Avg. Annual Appreciation
4.29%
Original Mortgage
$322,245
Outstanding Balance
$307,990
Interest Rate
5.3%
Mortgage Type
VA
Estimated Equity
$51,305

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jul 16, 2019
Sold by
Smith Erin Elizabeth
Bought by
Faust Marshal V and Faust Stephanie
Seller's Agent
Team Heidi
Hines & Associates Realty LLC
Buyer's Agent
Sheena Shaw
EXP Realty LLC Mooresville
List Price
$185,000
Sold Price
$187,500
Premium/Discount to List
$2,500
1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.84%
Original Mortgage
$181,875
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2016
Sold by
Parks Daniel A and Parks Courtney D
Bought by
Smith Erin Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,789
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2004
Sold by
Parks Daniel A
Bought by
Parks Daniel A and Parks Courtney D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,387
Interest Rate
5.62%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 1, 1985
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
Neely Jacob Ryan $315,000 --
Faust Marshal V $187,500 Title Company Of Nc
Smith Erin Elizabeth $134,000 None Available
Parks Daniel A -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neely Jacob Ryan $322,245
Previous Owner Faust Marshal V $181,875
Previous Owner Smith Erin Elizabeth $137,789
Previous Owner Parks Daniel A $4,387
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2022 09/12/22 Sold $315,000 0.0% $195 / Sq Ft
07/22/2022 07/22/22 For Sale $315,000 +68.0% $195 / Sq Ft
07/17/2019 07/17/19 Sold $187,500 +1.4% $118 / Sq Ft View Prior Sale
06/18/2019 06/18/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $185,000 -- $116 / 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 $1,569 $296,570 $63,090 $233,480
2023 $1,569 $296,570 $63,090 $233,480
2022 $1,084 $163,790 $27,010 $136,780
2021 $1,084 $163,790 $27,010 $136,780
2020 $1,084 $163,790 $27,010 $136,780
2019 $883 $137,310 $27,010 $110,300
2018 $803 $125,700 $27,010 $98,690
2017 $803 $125,700 $27,010 $98,690
2016 $803 $125,700 $27,010 $98,690
2015 $803 $125,700 $27,010 $98,690
2014 $797 $135,440 $27,010 $108,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3886769

Canopy MLS (Canopy Realtor® Association)

APN: 4722-61-9764.000