NOT LISTED FOR SALE

Estimated Value: $483,641 - $583,000

4 Beds
3 Baths
2,882 Sq Ft
$182/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $420,000 $146 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,914/month

242 Days on Market

Highlights

  • 5.44 Acre Lot
  • 1 Fireplace
  • Cooling Available
  • Wood Flooring
  • Built-In Features
  • Patio

About This Home

As of July 2022

A rare opportunity to own a 5+ acre retreat in west Burlington, with significant potential for value-add redevelopment (MDR zoning allows for up to 26 dwelling units based on platted acreage). Borders Gunn Creek (see plat/GIS for flood plain area; sewer line is suspended below new foot bridge). See plat for easement access and utility easements. Bonus room was most recently used as a bedroom. Heat pump replaced hot water heat system, which is still in place. Original front porch was recently enclosed and some non-load bearing partitions were installed without permits. Offered as-is.

Last Agent to Sell the Property

Jeff Deal

David Massey Real Estate License #56039 Listed on: 10/21/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,926

Year Built

  • 1972

Lot Details

  • 5.44 Acre Lot
  • Irregular Lot
  • Zoning described as MDR

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • 1 Fireplace
  • Washer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Patio
  • Outdoor Storage

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 112885

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,926

Year Built

1972

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.44
  • Directions: South side of S. Church St. just west of Forestdale Dr. Home not visible from S. Church St. Easement access.
  • Architectural Style: Ranch
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1972
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl, Wood
  • Interior Amenities: Built-in Features, Other

Exterior Features

  • Lot Features: Irregular Lot
  • Construction Type: Brick, Other
  • Foundation Details: Slab
  • Other Structures: Storage
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: Paved

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Heat Pump
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 236966.0
  • Parcel #: 112885
  • Zoning Description: MDR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2022
Sold by
Aleem Ventures Inc
Bought by
A & Db Holdings Llc
Current Estimated Value
$523,410

Purchase Details

Listed on
Oct 21, 2021
Closed on
Jul 12, 2022
Sold by
Ho Lee Sang and Ho Kyong Hyon
Bought by
Aleem Ventures Inc
Seller's Agent
Jeff Deal
David Massey Real Estate
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Original Mortgage
$307,500
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 1998
Sold by
Robertson Joseph F
Bought by
Lee Sang Ho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.76%
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
A & Db Holdings Llc -- --
Aleem Ventures Inc $420,000 None Listed On Document
Lee Sang Ho $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aleem Ventures Inc $307,500
Previous Owner Lee Sang Ho $157,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2022 07/14/22 Sold $420,000 -6.7% $146 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
10/21/2021 10/21/21 For Sale $450,000 -- $156 / Sq Ft
Source: Alamance Multiple Listing Service

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 $1,926 $389,885 $120,105 $269,780
2024 $1,829 $389,885 $120,105 $269,780
2023 $3,552 $389,885 $120,105 $269,780
2022 $2,948 $237,554 $78,068 $159,486
2021 $2,972 $237,554 $78,068 $159,486
2020 $2,995 $237,554 $78,068 $159,486
2019 $3,003 $237,554 $78,068 $159,486
2018 $1,412 $237,554 $78,068 $159,486
2017 $2,797 $237,554 $78,068 $159,486
2016 $2,839 $244,715 $68,310 $176,405
2015 $1,412 $244,715 $68,310 $176,405
2014 -- $245,762 $68,310 $177,452
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alamance Multiple Listing Service

MLS Number: 120320

APN: 112885