$370,000
SOLD MAY 1, 2025

316 Elam Ave Ramseur, NC 27316

4 Beds
3 Baths
3,607 Sq Ft
27,878 Sq Ft Lot

Recently Sold

$103 Per Sq Ft

14% Below List Price

32 Days on Market

Highlights

  • Dining Room with Fireplace
  • Attic
  • No HOA
  • Wood Flooring
  • Corner Lot
  • Circular Driveway

About This Home

As of May 2025

Charming Colonial home nestled on a spacious corner lot in Ramseur, brimming with character and timeless appeal. This inviting property features 2 car attached garage, 4 bedrooms, 3 baths, and 3 cozy fireplaces, offering the perfect balance of comfort and elegance. Enjoy quiet moments in the library with beautiful built ins- or make the most of the versatile bonus room. The unfinished basement presents endless potential for customization. A true gem with plenty of space and opportunity to make it your own! Perfect location for easy commuting, eateries and shopping.

Last Agent to Sell the Property

Katie Brown

Howard Hanna Allen Tate-Asheboro License #311384 Listed on: 02/20/2025

Howard Hanna Allen Tate-Asheboro

Last Buyer's Agent

Mica Mathews

Fathom Realty License #320980

Fathom Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,607

Year Built

  • Built in 1976

Lot Details

  • 0.64 Acre Lot
  • Corner Lot
  • Property is zoned RA-20

Parking

  • 2 Car Attached Garage
  • Circular Driveway

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 3,607 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Double Sided Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 3 Fireplaces
  • Game Room with Fireplace
  • Attic
  • Unfinished Basement

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Southeastern Randolph Middle School
  • Eastern Randolph High School

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 8702946492
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,607

Year Built

Built in 1976

Lot Details

0.64 Acres

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.64
  • Lot Size: buyer to confirm
  • Subdivision Name: None
  • Directions: From Asheboro, follow HWY 64 towards Ramseur Turn right onto Elam Ave Home on right
  • Above Grade Finished Sq Ft: 3607
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1976
  • TRIADMLS_PrimaryOnMainYN: No
  • Idx Status: Sold
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_LandDescription: Corner
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Free-Standing Range, Electric Water Heater
  • Flooring: Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Kitchen Island
  • Has Basement: Unfinished, Basement
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Double Sided, Dining Room, Living Room, Playroom
  • Fireplaces: 3
  • Living Area: 3607
  • Main Level Bathrooms: 1
  • Attic Description: Access Only
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Lot Features: Corner Lot
  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway, Garage, Paved, Circular Driveway, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Fireplace(s), Forced Air, Heat Pump, Multiple Systems, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Ramseur
  • High School: Eastern Randolph
  • Middle Or Junior School: Southeastern Randolph

Lot Info

  • Parcel #: 8702946492
  • Zoning: RA-20

Tax Info

  • Tax Annual Amount: 3607
  • Tax Year: 2023
  • TRIADMLS_TaxRate: 1.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2025
Closed on
May 1, 2025
Sold by
Smith Ronald Adam
Bought by
Johnson Michael Dean and Johnson Rebecca Lynn
Seller's Agent
Katie Brown
Howard Hanna Allen Tate-Asheboro
Buyer's Agent
Mica Mathews
Fathom Realty
List Price
$429,000
Sold Price
$370,000
Premium/Discount to List
-$59,000
-13.75%
Views
110
Current Estimated Value
$411,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,322
Avg. Annual Appreciation
12.78%
Original Mortgage
$225,000
Outstanding Balance
$224,005
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$187,317

Purchase Details

Listed on
Jan 22, 2018
Closed on
Apr 4, 2018
Sold by
Jackson Adam and Jackson Rhonda
Bought by
Smith Ronald Adam
Seller's Agent
Vickie Gallimore
RE/MAX Central Realty
Buyer's Agent
Vickie Gallimore
RE/MAX Central Realty
List Price
$285,000
Sold Price
$234,000
Premium/Discount to List
-$51,000
-17.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
Original Mortgage
$234,000
Interest Rate
4.46%
Mortgage Type
VA

Purchase Details

Listed on
Dec 20, 2016
Closed on
Jun 27, 2017
Sold by
Investors Resource Management Llc
Bought by
Jackson Adam and Jackson Rhonda
Seller's Agent
Paula Fields
My Favorite Realty, Inc
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$160,000
Sold Price
$87,005
Premium/Discount to List
-$72,995
-45.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
211.80%
Original Mortgage
$120,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 20, 2016
Closed on
May 17, 2017
Sold by
Secretary Of Housing And Urban Developme
Bought by
Investors Resource Management Llc
Seller's Agent
Paula Fields
My Favorite Realty, Inc
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$160,000
Sold Price
$87,005
Premium/Discount to List
-$72,995
-45.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2016
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Feb 1, 2016
Sold by
Siler Beverly
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 14, 2011
Sold by
Summerfield Charlotte W
Bought by
Siler Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,161
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 1991
Bought by
Siler Beverly

Purchase Details

Closed on
Jan 4, 1990
Bought by
Siler Beverly

Purchase Details

Closed on
Jun 12, 1987
Bought by
Siler Beverly
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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Purchase History

Date Type Sale Price Title Company
Warranty Deed $370,000 None Listed On Document
Warranty Deed $370,000 None Listed On Document
Warranty Deed $234,000 None Available
Warranty Deed $115,000 None Available
Special Warranty Deed -- None Available
Special Warranty Deed -- None Available
Trustee Deed $182,000 None Available
Warranty Deed $187,000 None Available
Deed -- --
Deed $127,500 --
Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,000 New Conventional
Closed $225,000 New Conventional
Previous Owner $234,000 VA
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $182,161 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2025 05/01/25 Sold $370,000 -7.3% $103 / Sq Ft
03/24/2025 03/24/25 Pending -- -- --
03/10/2025 03/10/25 Price Changed $399,000 -7.0% $111 / Sq Ft
02/20/2025 02/20/25 For Sale $429,000 +83.3% $119 / Sq Ft
04/06/2018 04/06/18 Sold $234,000 -17.9% $75 / Sq Ft View Prior Sale
02/24/2018 02/24/18 Pending -- -- --
01/22/2018 01/22/18 For Sale $285,000 +227.6% $92 / Sq Ft
05/22/2017 05/22/17 Sold $87,005 -45.6% $28 / Sq Ft View Prior Sale
03/31/2017 03/31/17 Pending -- -- --
12/20/2016 12/20/16 For Sale $160,000 -- $52 / Sq Ft
Source: Triad MLS

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 $4,310 $430,390 $43,350 $387,040
2024 $3,761 $353,270 $43,350 $309,920
2023 $3,607 $353,270 $43,350 $309,920
2022 $3,095 $237,560 $21,970 $215,590
2021 $3,095 $237,560 $21,970 $215,590
2020 $3,095 $237,560 $21,970 $215,590
2019 $3,095 $237,560 $21,970 $215,590
2018 $3,211 $242,770 $24,970 $217,800
2016 $3,575 $270,323 $24,970 $245,353
2015 $3,582 $270,323 $24,970 $245,353
2014 $3,528 $270,323 $24,970 $245,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1170981

Triad MLS

APN: 8702-94-6492

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