NOT LISTED FOR SALE

2942 Wallace Family Rd Kinston, NC 28501

Estimated Value: $113,000 - $162,000

3 Beds
1 Bath
1,372 Sq Ft
$99/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $70,000 $51 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $783/month

35 Days on Market

Highlights

  • 1.55 Acre Lot
  • No HOA
  • Central Air
  • 1 Fireplace
  • Laundry Room
  • Combination Dining and Living Room

About This Home

As of April 2021

+- 1.55 acres in Lenoir County!! 3 bedroom, 1 bathroom home built in 1955 and owned by only one family. Covered 20x40 carport and garage. 8x8 cement block building/ w concrete floor. 2 bed 1 bath mobile home on the back of the parcel could convey. House and mobile home have separate water supply, septic tanks and drain lines. Property sold as is.

Last Agent to Sell the Property

Nathan Perry

Nathan Perry Realty LLC License #282607 Listed on: 01/16/2021

Last Buyer's Agent

Nathan Perry

Nathan Perry Realty LLC License #282607 Listed on: 01/16/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $773

Year Built

  • Built in 1955

Lot Details

  • 1.55 Acre Lot
  • Property is zoned rural

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,372 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Combination Dining and Living Room
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Assigned Parking

Utilities

  • Central Air
  • Heating System Uses Oil Below Ground
  • Heating System Uses Propane
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 453703335486

Home Details

Home Type

Single Family

Est. Annual Taxes

$773

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: 1st Floor Master
  • Laundry Location: Room
  • List Price per Sq Ft: 69.24
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 3
  • Number Rooms: 7
  • Sq Ft Heated: 1372.00
  • Total Heated Primary Separate Sq Ft: 1372.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Brick, Vinyl Siding
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: None
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Detached Garage Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: Assigned

Utilities

  • Cooling System: Central
  • Fuel Tank: Oil Buried
  • Fuel Tank Ownership: Owned
  • Utilities: Community Water, Septic On Site
  • HeatingSystemFuelSource: Propane Gas

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 22.00
  • Lot Acres: 1.55
  • Lot Dimensions: +- 457 x 151 x 502 x 141
  • Lot Sq Ft: 67518.00
  • Plat Book: 00
  • Plat Page: 00
  • Zoning: rural

Tax Info

  • Tax Identifier: 453703335486
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2021
Closed on
Mar 26, 2021
Sold by
Franks Norman Daniel and Franks Shannon E
Bought by
P2nc Llc
Seller's Agent
Nathan Perry
Nathan Perry Realty LLC
Buyer's Agent
Nathan Perry
Nathan Perry Realty LLC
List Price
$100,000
Sold Price
$70,000
Premium/Discount to List
-$30,000
-30%
Current Estimated Value
$135,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,614
Avg. Annual Appreciation
15.79%
Original Mortgage
$56,000
Outstanding Balance
$50,397
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$85,217
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
P2nc Llc $70,000 None Available
P2nc Llc $70,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open P2nc Llc $56,000
Closed P2nc Llc $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Sold $70,000 -26.3% $51 / Sq Ft
02/20/2021 02/20/21 Pending -- -- --
02/10/2021 02/10/21 Price Changed $95,000 -5.0% $69 / Sq Ft
01/16/2021 01/16/21 For Sale $100,000 -- $73 / Sq Ft
Source: Hive 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
2024 $773 $75,441 $17,760 $57,681
2023 $773 $75,441 $17,760 $57,681
2022 $773 $75,441 $17,760 $57,681
2021 $773 $75,441 $17,760 $57,681
2020 $773 $75,441 $17,760 $57,681
2019 $773 $75,441 $17,760 $57,681
2018 $761 $75,441 $17,760 $57,681
2017 $752 $75,441 $17,760 $57,681
2014 $771 $78,520 $17,760 $60,760
2013 -- $78,520 $17,760 $60,760
2011 -- $78,520 $17,760 $60,760
Source: Public Records

Agents Affiliated with this Home

  • Nathan Perry

    Seller's Agent in 2021

    Nathan Perry

    Nathan Perry Realty LLC

    (252) 560-2726

    222 in this area

    278 Total Sales

    Nathan Perry
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Map

Source: Hive MLS

MLS Number: 100252534

Hive MLS

APN: 453703335486

North Carolina Lenoir County Kinston 28501

2942 Wallace Family Rd, Kinston, NC

This home is located at 2942 Wallace Family Rd, Kinston, NC 28501 since 16 January 2021 and is currently estimated at $135,614, approximately $98 per square foot. This property was built in 1955. 2942 Wallace Family Rd is a home located in Lenoir County with nearby schools including Contentnea-Savannah School and North Lenoir High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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