NOT LISTED FOR SALE

303 Patterson's Bridge New London, NC 28127

Estimated Value: $1,400,000 - $1,641,000

6 Beds
6 Baths
5,400 Sq Ft
$280/Sq Ft Est. Value

Last Sold August 25, 2017

Last sale price $775,000 $144 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $8,566/month

788 Days on Market

Highlights

  • Lake Front
  • Great Room with Fireplace
  • Screened Porch
  • Deck
  • Wood Flooring
  • 2 Car Attached Garage

About This Home

As of August 2017

A beautiful recently remodeled and updated (list of changes available) lakefront home. This is a single pier waterfront home with a gentle walk down to the water. Views of Badin Lake can be enjoyed from almost every room which helps provide a perfect place for entertaining or just relaxing and having fun. Would be a great primary or secondary home.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,591

Year Built

  • Built in 2003

Lot Details

  • 0.62 Acre Lot
  • Lot Dimensions are 246x209x231x34
  • Lake Front
  • Property is zoned Res-1

HOA Fees

  • $174 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,097 Sq Ft Home
  • 4,500-5,400 Sq Ft Home
  • Property has 1 Level
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Great Room with Fireplace
  • 2 Fireplaces
  • Screened Porch
  • Alarm System

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Finished Basement

  • Fireplace in Basement
  • Laundry in Basement

Outdoor Features

  • Deck

Schools

  • West Middle School
  • West Montgomery High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Propane
  • Gas Water Heater

Community Details

  • Uwharrie Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 667313133186
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,591

Year Built

Built in 2003

Lot Details

0

HOA Fees

$174 per month

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.62
  • Lot Size: 246x209x231x34
  • Subdivision Name: Uwharrie Point
  • Directions: From Greensboro take US Route 220 South to NC Route 49 South. Follow NC Route 49 South towards Charlotte for approx. 25 miles to a flashing light (service station) turn left. Follow the directional sign @ 3 miles to the Uwharrie Point entry gate.
  • Above Grade Finished Sq Ft: 5097
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 2003
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 2300 - 2700
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 4500 - 5400
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Dishwasher,Disposal, Water Heater: Gas
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Gas Logs, Laundry Room - Basement, Alarm and/or Security System, Vacuum System, Wet Bar
  • Has Basement: Finished
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: Basement, Great Room
  • Fireplaces: 2
  • Living Area: 5097
  • Main Level Bathrooms: 3
  • TRIADMLS_HalfBathsLower: 1
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsLower: 2

Exterior Features

  • Exterior Features: Deck, Screened Porch
  • Lot Features: Lake Front
  • Construction Type: Brick
  • Foundation Details: Basement

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Public
  • Laundry Features: In Basement
  • Cooling: Central Air, Heat Pump
  • Heating: Forced Air, Propane
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Propane Gas
  • Water Heater: Gas
  • Energy Features: Insulated Windows

Condo/Co-op/Association

  • Association Fee: 522
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Troy
  • High School: West Montgomery
  • Middle Or Junior School: West

Lot Info

  • Parcel #: 667313133186
  • Zoning: Res-1
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Year: 2015
  • TRIADMLS_TaxRate: 0.63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2015
Closed on
Aug 25, 2017
Sold by
Goulding Rex A and Goulding Lora E
Bought by
Sampson Kelvin D and Sampson Karen L
List Price
$895,000
Sold Price
$775,000
Premium/Discount to List
-$120,000
-13.41%
Current Estimated Value
$1,514,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$739,359
Avg. Annual Appreciation
8.53%
Original Mortgage
$424,100
Outstanding Balance
$354,344
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,160,015

Purchase Details

Listed on
Dec 12, 2013
Closed on
Jan 27, 2015
Sold by
Orr Lois C
Bought by
Goulding Rex A and Goulding Lora E
List Price
$840,000
Sold Price
$615,000
Premium/Discount to List
-$225,000
-26.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%

Purchase Details

Closed on
Apr 24, 2009
Sold by
Orr John C and Orr Lois C
Bought by
Lois C Orr Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$727,500
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 28, 2008
Sold by
Orr John C and Orr Lois C
Bought by
Lois C Orr Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Sampson Kelvin D $775,000 None Available
Goulding Rex A -- None Available
Lois C Orr Family Trust -- --
Orr John C -- --
Lois C Orr Family Trust -- --
Orr John C $1,135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sampson Kelvin D $424,100
Previous Owner Orr John C $727,500
Previous Owner Orr John C $725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2017 08/25/17 Sold $775,000 -13.4% $172 / Sq Ft
07/12/2017 07/12/17 Pending -- -- --
05/15/2015 05/15/15 For Sale $895,000 +45.5% $199 / Sq Ft
01/30/2015 01/30/15 Sold $615,000 -26.8% $121 / Sq Ft View Prior Sale
01/25/2015 01/25/15 Pending -- -- --
12/12/2013 12/12/13 For Sale $840,000 -- $165 / 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 $5,591 $816,133 $279,000 $537,133
2024 $5,591 $816,133 $279,000 $537,133
2023 $5,591 $816,133 $279,000 $537,133
2022 $5,591 $816,133 $279,000 $537,133
2021 $5,468 $816,133 $279,000 $537,133
2020 $5,468 $816,133 $279,000 $537,133
2018 $6,474 $959,100 $310,000 $649,100
2017 $6,474 $959,100 $310,000 $649,100
2016 $6,474 $959,100 $310,000 $649,100
2015 $6,227 $959,100 $0 $0
2014 $6,227 $959,073 $0 $0
Source: Public Records

Map

Source: Triad MLS

MLS Number: 758499

Triad MLS

APN: 6673-13-13-3186

North Carolina Montgomery County New London 28127

303 Patterson's Bridge, New London, NC

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