NOT LISTED FOR SALE

308 Red Chimney Rd Statesville, NC 28625

Estimated Value: $347,000 - $413,557

2 Beds
1 Bath
958 Sq Ft
$397/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $360,000 $376 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,169/month

105 Days on Market

Highlights

  • 27.73 Acre Lot
  • Wood Flooring
  • No HOA
  • Wooded Lot
  • Farmhouse Style Home
  • Enclosed Patio or Porch

About This Home

As of August 2022

This unique and rare opportunity to own 27.7+ acres of untouched land in popular Statesville area is a true one-of-a-kind property! With over 800ft+ of road frontage on Red Chimney, this piece of land is the perfect investment for those looking to turn this home into a beautiful farm estate or working farm! Calling all DIY'ers and Joanna and Chip Gaines fans! Home boasts two bedrooms with original 1950's hardwood floors and endless possibilities for renovations. Very large kitchen with many cabinets has so much potential! Bright sunroom off of kitchen with ample room for entertaining! Property hosts multiple sheds that will convey with property. All have been cleaned out and are ready for storage! Additional home/barn on property conveys. Land currently zoned residential and any opportunities for subdividing or commercial use should be verified by Iredell/Statesville zoning departments.

Last Agent to Sell the Property

Cristina Grossu

Leisurely Real Estate Brokerage Email: grossuc@gmail.com License #274657 Listed on: 03/10/2022

Co-Listed By

Cathy Grossu

Leisurely Real Estate Brokerage Email: grossuc@gmail.com License #290691

Last Buyer's Agent

Karen Carty

ERA Live Moore License #263618

ERA Live Moore

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,962

Year Built

  • Built in 1957

Lot Details

  • 27.73 Acre Lot
  • Lot Dimensions are 804' x 1766' x 781' x 1835'
  • Wooded Lot
  • Property is zoned RA

Parking

  • Driveway

Home Design

  • Farmhouse Style Home
  • Asbestos

Interior Spaces

  • 958 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Enclosed Patio or Porch
  • Shed
  • Outbuilding

Schools

  • Scotts Elementary School
  • West Middle School
  • West Iredell High School

Farming

  • Pasture

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Kerosene
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4727-82-5760.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,962

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Farmhouse
  • Year Built: 1957
  • Road Surface Type: Gravel
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 375.78
  • Attribution Contact: grossuc@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Vinyl, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 958
  • 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
  • Above Grade Finished Sq Ft: 958
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 958
  • Bedroom Main: 2

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • View: Long Range
  • Waterfront Features: None
  • Construction Type: Asbestos
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Enclosed, Patio, Rear Porch

Garage/Parking

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

Utilities

  • Heating: Forced Air, Kerosene, Oil
  • Sewer: Septic Installed
  • Laundry Features: In Kitchen, Utility Room, Main Level
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Features: Pasture, Wooded, Views
  • Lot Size Units: Acres
  • Parcel Number: 4727-82-5760.000
  • Lot Size Acres: 27.73
  • Lot Size: 804' x 1766' x 781' x 1835'
  • Lot Size Sq Ft: 1207918
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RA

MLS Schools

  • Elementary School: Scotts
  • High School: West Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Aug 2, 2022
Sold by
Cornett Rebecca W and Cornett Steve William
Bought by
Paquette James Nelson and Paquette Kristen Robinson
Seller's Agent
Cristina Grossu
Leisurely Real Estate
Buyer's Agent
Karen Carty
ERA Live Moore
List Price
$415,000
Sold Price
$360,000
Premium/Discount to List
-$55,000
-13.25%
Current Estimated Value
$380,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,389
Avg. Annual Appreciation
1.68%
Original Mortgage
$270,000
Outstanding Balance
$245,773
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$134,616

Purchase Details

Closed on
Oct 1, 2021
Sold by
Mclaughlin Patricia W and Mclaughlin John R
Bought by
Cornett Rebecca W and Caldwell Amy W

Purchase Details

Closed on
Jun 1, 1957
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
Paquette James Nelson $360,000 Carpenter Alan G
Paquette James Nelson $360,000 Carpenter Alan G
Cornett Rebecca W -- None Available
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paquette James Nelson $270,000
Closed Paquette James Nelson $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2022 08/02/22 Sold $360,000 -5.3% $376 / Sq Ft
05/28/2022 05/28/22 Price Changed $380,000 -5.0% $397 / Sq Ft
04/01/2022 04/01/22 Price Changed $399,900 -3.6% $417 / Sq Ft
03/10/2022 03/10/22 For Sale $415,000 -- $433 / 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 $1,962 $322,320 $215,460 $106,860
2023 $1,962 $282,700 $215,460 $67,240
2022 $1,142 $172,410 $133,100 $39,310
2021 $1,138 $172,410 $133,100 $39,310
2020 $953 $172,410 $133,100 $39,310
2019 $938 $172,410 $133,100 $39,310
2018 $920 $174,550 $133,100 $41,450
2017 $920 $174,550 $133,100 $41,450
2016 $920 $174,550 $133,100 $41,450
2015 $920 $174,550 $133,100 $41,450
2014 $881 $179,010 $133,100 $45,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3835883

Canopy MLS (Canopy Realtor® Association)

APN: 4727-82-5760.000