Louisa Matthews
Berkshire Hathaway HomeServices Yost & Little Realty
(743) 209-3260
156 Total Sales
3 in Lexington
$270K - $418K Price Range
308 Meadow Dr Lexington, NC 27295
Lexington AreaEstimated Value: $336,000 - $536,000
20
Beds
12.5
Baths
7,760
Sq Ft
$56/Sq Ft
Est. Value
About This Home
As of May 2025Discover Sleepy Meadows Mobile Home Park, a strategically located 10-unit mobile home park with an additional stick-built home, offering a unique investment opportunity in the heart of Lexington. This established community features many long-term tenants, ensuring steady cash flow and tenant stability. One tenant handles property upkeep in exchange for free rent, helping to keep operational costs down. For investors looking for value-add potential, the county has approved the addition of more mobile homes and the park is grandfathered in to replace mobile homes when needed. This creates an opportunity to increase revenue. Coin laundry on-site creating more revenue. While some of the existing units may require work, this presents a chance to enhance the property and boost long-term profitability. Whether you’re a seasoned investor or new to the mobile home park asset class, Sleepy Meadows offers stability, expansion potential, and a prime location.
Last Agent to Sell the Property
Guardian Real Estate Group LLC Brokerage Email: josh@guardianrealestategrp.com License #289067 Listed on: 02/17/2025
Last Buyer's Agent
Non Member
Canopy Administration
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 3.87
Parking
- Driveway
Home Design
- 7,760 Sq Ft Home
- Vinyl Siding
Bedrooms and Bathrooms
- 20 Bedrooms
Utilities
- Window Unit Cooling System
- Septic Tank
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for trash collection, water
- Assessor Parcel Number 11-332-0-000-0020-0-0-0
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2025
Closed on
Apr 30, 2025
Sold by
Eaton Rentals Llc
Bought by
Seller's Agent
Josh Wilson
Guardian Real Estate Group LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$549,900
Sold Price
$499,000
Premium/Discount to List
-$50,900
-9.26%
Views
31
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,811
Avg. Annual Appreciation
-9.05%
Original Mortgage
$374,250
Outstanding Balance
$369,498
Interest Rate
6.67%
Mortgage Type
Credit Line Revolving
Estimated Equity
$68,691
Purchase Details
Closed on
Jan 26, 2023
Sold by
Gkd Properties Llc
Bought by
Eaton Rentals Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.31%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 3, 2012
Sold by
J&J March Llc
Bought by
Gkd Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,200
Interest Rate
3.68%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 20, 2006
Sold by
Binkley Robert A and Williams Binkley Kimberly
Bought by
J & J March Llc
Purchase Details
Closed on
Feb 26, 2003
Bought by
Binkley Robert A and Binkley Kimberly
Purchase Details
Closed on
Jun 1, 1990
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lexington, NC
-
Louisa Matthews
-
Michelle Forbis
MF
Michelle Forbis
Keller Williams One
(743) 222-4287
17 Total Sales
1 in Lexington
$190,000 Price
-
Adriane Witcher
Adriane Witcher
NextHome Realty Partners
(743) 600-3538
47 Total Sales
1 in Lexington
$680,000 Price
-
Kim Frazier
Kim Frazier
Howard Hanna Allen Tate High Point
(336) 780-7914
90 Total Sales
17 in Lexington
$40K - $1.4M Price Range
-
Karen Pardue
Karen Pardue
Real Broker LLC
(743) 219-1763
92 Total Sales
7 in Lexington
$15K - $237K Price Range
-
Maya Roberts
Maya Roberts
Keller Williams Realty Atl. Partners
(540) 900-0894
38 Total Sales
1 in Lexington
$216,990 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $499,000 | None Listed On Document | ||
| Eaton Rentals Llc | $315,000 | -- | |
| Gkd Properties Llc | $224,000 | None Available | |
| J & J March Llc | $135,000 | None Available | |
| Binkley Robert A | $110,000 | -- | |
| Williams Berry S | -- | -- | |
| -- | $35,000 | -- | |
| -- | $38,500 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $374,250 | ||
| Previous Owner | Eaton Rentals Llc | $126,000 | |
| Previous Owner | Gkd Properties Llc | $179,200 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | Sold | $499,000 | -4.9% | $64 / Sq Ft |
| 03/19/2025 03/19/25 | Pending | -- | -- | -- |
| 03/17/2025 03/17/25 | Price Changed | $524,900 | -4.5% | $68 / Sq Ft |
| 02/17/2025 02/17/25 | For Sale | $549,900 | -- | $71 / Sq Ft |
Source: Canopy MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,898 | $246,980 | $0 | $0 |
| 2024 | $1,898 | $246,980 | $0 | $0 |
| 2023 | $1,895 | $246,980 | $0 | $0 |
| 2022 | $1,898 | $246,980 | $0 | $0 |
| 2021 | $1,849 | $246,980 | $0 | $0 |
| 2020 | $1,489 | $198,960 | $0 | $0 |
| 2019 | $1,512 | $198,960 | $0 | $0 |
| 2018 | $1,510 | $198,630 | $0 | $0 |
| 2017 | $1,510 | $198,630 | $0 | $0 |
| 2016 | $1,510 | $198,630 | $0 | $0 |
| 2015 | $1,643 | $216,170 | $0 | $0 |
| 2014 | $1,177 | $154,910 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Josh Wilson
Seller's Agent in 2025
Josh Wilson
Guardian Real Estate Group LLC
(704) 880-4426
121 Total Sales
-
NM
Buyer's Agent in 2025
Non Member
NC_CanopyMLS
Map
Source: Canopy MLS
MLS Number: 4223423
APN: 11-332-0-000-0020-0-0-0
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID
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