NOT LISTED FOR SALE

3131 S Nc 16 Hwy Newton, NC 28658

Estimated Value: $2,597,515

2.11 Acres
$1,231,050 Price per Acre
91,912 Sq Ft Lot

Last Sold July 07, 2020

Last sale price $200,000

Est. 1,199% increase in value since last sale

Current estimated payment $14,163/month

309 Days on Market

Highlights

  • Wooded Lot
  • Bandys High School Rated 9+
  • Corner Lot

About This Lot

As of July 2020

Prime, visible corner at the signalized intersection of NC Hwy 16, a main traffic thoroughfare extending from Charlotte to I-40, and Providence Mill Rd in Newton zoned HC. Although the existing NC Hwy 16 frontage is a two-lane state road, under the new design it will become a 4 lane superstreet decreasing travel time to/from Charlotte.

Last Agent to Sell the Property

Alan Jarrett

Alliance Real Estate Group LLC License #191843 Listed on: 12/18/2018

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Property Type

  • Land

Lot Details

  • Corner Lot
  • Wooded Lot

Utilities

  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 366801191698

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Commercial
  • Ratio Close Price By List Price: 0.66689
  • Ratio Close Price By Original Li: 0.66689
  • Ratio Current Price By Acre: 94786.73
  • Restrictions Description: Deed Restrictions
  • Special Features: None

Utilities

  • Sewer: Septic Needed

Schools

  • Elementary School: Balls Creek
  • Middle School: Mill Creek
  • High School: Bandys

Lot Info

  • Lot Dimension: Irregular
  • Lot Features: Corner Lot, Paved Frontage, Wooded
  • Lot Size Area: 2.110
  • Parcel Number: 366801191698
  • Zoning Specification: HC
  • Wooded Acres: 2.11

Tax Info

  • Tax Value: 71400.00
  • Tax Location: Catawba

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2021
Sold by
Teramore Development Llc
Bought by
Endeavor Farms Inc
Current Estimated Value
$2,597,515

Purchase Details

Listed on
Dec 18, 2018
Closed on
Jul 3, 2020
Sold by
Monaco Michael and Monaco Priscilla A
Bought by
Teramore Development Llc
Seller's Agent
Alan Jarrett
Alliance Real Estate Group LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$299,900
Sold Price
$200,000
Premium/Discount to List
-$99,900
-33.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.12%
Original Mortgage
$1,149,060
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 25, 2016
Sold by
Monaco Michael and Monaco Priscilla A
Bought by
Department Of Transporation

Purchase Details

Closed on
Oct 31, 2003
Bought by
Beard Paul and Beard Vashti L

Purchase Details

Closed on
Mar 18, 1999
Bought by
Beard Paul and Beard Vashti L

Purchase Details

Closed on
Feb 1, 1986
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Endeavor Farms Inc $1,783,500 None Available
Endeavor Farms Inc $3,567 None Listed On Document
Teramore Development Llc $200,000 None Available
Department Of Transporation $202,000 None Available
Beard Paul $40,000 --
Beard Paul $75,000 --
-- $18,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Teramore Development Llc $1,149,060
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2020 07/07/20 Sold $200,000 -33.3% --
10/23/2019 10/23/19 Pending -- -- --
12/18/2018 12/18/18 For Sale $299,900 -- --
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
2025 $4,709 $944,700 $107,700 $837,000
2024 $4,709 $944,700 $107,700 $837,000
2023 $4,506 $688,000 $80,800 $607,200
2022 $4,747 $688,000 $80,800 $607,200
2021 $4,747 $688,000 $80,800 $607,200
2020 $556 $80,600 $80,600 $0
2019 $526 $80,600 $0 $0
2018 $469 $71,400 $71,400 $0
2017 $469 $0 $0 $0
2016 $524 $0 $0 $0
2015 $479 $79,800 $79,800 $0
2014 $479 $79,800 $79,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3459081

Canopy MLS (Canopy Realtor® Association)

APN: 3668011916980000