NOT LISTED FOR SALE

2882 Old Lexington Rd Asheboro, NC 27205

Estimated Value: $478,000 - $585,000

3 Beds
2 Baths
2,600 Sq Ft
$197/Sq Ft Est. Value

Last Sold September 13, 2022

Last sale price $462,500 $178 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,926/month

38 Days on Market

Highlights

  • Horses Allowed On Property
  • 3.58 Acre Lot
  • Partially Wooded Lot
  • Sycamore Elementary School Rated A
  • Living Room with Fireplace
  • Wood Flooring

About This Home

As of September 2022

FINAL OFFERS DUE FRIDAY 7/29 @ 5PM! True 1880 farmhouse in prestigous location on level 3.58 acre tract with Guest House! Gorgeous hardwood flooring, 10' ceilings, new LVT flooring in kitchen, main floor bathroom & breakfast room. SIX fireplaces! Formal dining & living areas, including high-end wood paneled den. Home is conveniently located, yet set off the road in the most picturesque setting. Character abounds with historic molding throughout & a stunning curved staircase in the center of the home! Kitchen is large with granite counters & Jenn-Air downdraft range. Great laundry/mudroom at the back door. Spacious landing upstairs between bedrooms, and exterior balcony! Covered rocking chair front porch with gorgeous stone, large deck overlooking fenced back yard, brand new roof in 2021. Spacious guest house with living area, kitchenette & full bath, features a single garage, & additional tandem double garage for storage. Rare opportunity to own one of Randolph County's iconic homes.

Last Agent to Sell the Property

Tyler Wilhoit

Tyler Redhead & McAlister Real Estate, LLC License #254506 Listed on: 07/23/2022

Last Buyer's Agent

Rhonda Trollinger

RE/MAX Central Realty License #183465

RE/MAX Central Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,056

Year Built

  • Built in 1880

Lot Details

  • 3.58 Acre Lot
  • Fenced
  • Level Lot
  • Partially Wooded Lot
  • Property is zoned RR/RA

Parking

  • 3 Car Garage
  • Detached Carport Space
  • Driveway

Home Design

  • Farmhouse Style Home
  • Wood Siding

Interior Spaces

  • 2,401 Sq Ft Home
  • 2,100-2,600 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Insulated Windows
  • Living Room with Fireplace
  • 6 Fireplaces
  • Den with Fireplace
  • Dishwasher
  • Dryer Hookup

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Private Water Source
  • Well

Additional Features

  • Porch
  • 550 SF Accessory Dwelling Unit
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7742132362
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,056

Year Built

Built in 1880

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 3.58
  • Lot Size: Various Calls
  • Subdivision Name: None
  • Directions: I73/I74S, exit off Asheboro exit, right off exit and follow Lexington Road. Home on right.
  • Above Grade Finished Sq Ft: 2401
  • Architectural Style: Farm House
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1880
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2100 - 2600
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_SecondLQHeatedFinished Sq Ft: 550
  • TRIADMLS_FencedYN: Yes
  • TRIADMLS_SecondLQAttachedYN: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range, Cooktop
  • Flooring: Vinyl, Wood
  • Interior Amenities: Guest Quarters, Built-in Features, Ceiling Fan(s), Dead Bolt(s), In-Law Floorplan
  • Has Basement: Cellar, Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Den, Kitchen, Living Room, Primary Bedroom
  • Fireplaces: 6
  • Living Area: 2401
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Exterior Features: Garden
  • Fencing: Fenced
  • Lot Features: Horses Allowed, Level, Partially Wooded
  • Pool Features: None
  • Construction Type: Wood Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Driveway, Garage, Detached Carport
  • Garage Description: Detached Carport

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Security System
  • Cooling: Central Air
  • Heating: Forced Air, Propane
  • Water Source: Private, Well
  • TRIADMLS_HeatingFuel: Propane Gas
  • Water Heater: Unknown
  • Energy Features: Insulated Windows

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 7742132362
  • Zoning: RR/RA
  • TRIADMLS_AcresRange: 3 - 4

Tax Info

  • Tax Annual Amount: 2056
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 0.9266

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2022
Closed on
Sep 12, 2022
Sold by
Ball Phillip M
Bought by
Vance Zachary B and Vance Lindsey M
Seller's Agent
Tyler Wilhoit
Tyler Redhead & McAlister Real Estate, LLC
Buyer's Agent
Rhonda Trollinger
RE/MAX Central Realty
List Price
$469,900
Sold Price
$462,500
Premium/Discount to List
-$7,400
-1.57%
Views
16
Current Estimated Value
$513,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,846
Avg. Annual Appreciation
3.29%
Original Mortgage
$362,500
Outstanding Balance
$328,345
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$185,001

Purchase Details

Listed on
Mar 22, 2017
Closed on
Jun 28, 2017
Sold by
Roberts Cheryl Wellington and Roberts Stewart H
Bought by
Ball Phillip M and Ball Jillian M
Seller's Agent
Tyler Wilhoit
Tyler Redhead & McAlister Real Estate, LLC
Buyer's Agent
Tyler Wilhoit
Tyler Redhead & McAlister Real Estate, LLC
List Price
$269,900
Sold Price
$277,700
Premium/Discount to List
$7,800
2.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$277,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 27, 2017
Sold by
Park John C and Park Lisa J
Bought by
Wellington Donald F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vance Zachary B $462,500 --
Vance Zachary B $462,500 None Listed On Document
Ball Phillip M $277,000 None Available
Wellington Donald F $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vance Zachary B $362,500
Closed Vance Zachary B $362,500
Previous Owner Ball Phillip M $277,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2022 09/13/22 Sold $462,500 -1.6% $220 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
07/23/2022 07/23/22 For Sale $469,900 +69.2% $224 / Sq Ft
07/27/2017 07/27/17 Sold $277,700 +2.9% $132 / Sq Ft View Prior Sale
04/27/2017 04/27/17 Pending -- -- --
03/22/2017 03/22/17 For Sale $269,900 -- $129 / Sq Ft
Source: Triad MLS

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 $2,672 $344,040 $66,270 $277,770
2024 $2,638 $344,040 $66,270 $277,770
2023 $2,638 $344,040 $66,270 $277,770
2022 $2,056 $221,850 $40,480 $181,370
2021 $2,056 $221,850 $40,480 $181,370
2020 $2,011 $221,850 $40,480 $181,370
2019 $2,125 $221,850 $40,480 $181,370
2018 $1,921 $206,010 $32,900 $173,110
Source: Public Records

Agents Affiliated with this Home

  • Tyler Wilhoit

    Seller's Agent in 2022

    Tyler Wilhoit

    Tyler Redhead & McAlister Real Estate, LLC

    (336) 460-2495

    199 in this area

    388 Total Sales

    Tyler Wilhoit
    Section Image
  • Rhonda Trollinger

    Buyer's Agent in 2022

    Rhonda Trollinger

    RE/MAX

    (336) 953-3095

    24 in this area

    27 Total Sales

    Rhonda Trollinger
    Section Image
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Map

Source: Triad MLS

MLS Number: 1078385

Triad MLS

APN: 7742-13-2362

North Carolina Randolph County Asheboro 27205

2882 Old Lexington Rd, Asheboro, NC

Not Listed for Sale

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