NOT LISTED FOR SALE

3202 River Rd Midland, NC 28107

Estimated Value: $393,000 - $950,000

3 Beds
3.5 Baths
2,260 Sq Ft
$317/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $876,543 $388 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $4,063/month

3 Days on Market

Highlights

  • Barn
  • Pond
  • Wood Flooring
  • In Ground Pool
  • Outdoor Fireplace
  • Farmhouse Style Home

About This Home

As of April 2022

Secluded charming rustic home on over 12 acres with huge in-ground pool, pond, mother-in-law suite, sparkling white kitchen, all less than ten miles from 485.

Home is 95% renovated, south facing kitchen includes commercial grade Gas Viking Range, Thermador range hood, ten ft long island with white quartz counters. Renovated walkout daylight basement, new full basement bathroom, wrap around porch, outdoor fireplace, skylight, 12" wide pine floors on main floor & six" pine floors on second level.

Property is perfect for hosting & events & comes with an event permit. Bright and sunny 800 sf barn has been used for a gathering space and is currently being used as a shop. Various covered outbuildings, stables, beautiful pastures & walking trails.

Attached to the barn is a room w/ Murphy bed, bathroom & kitchenette cooled by window A/C. A man cave/bar area has been attached to another shed.

Home has been featured in multiple books & magazines including Better Homes and Gardens.

Last Agent to Sell the Property

Gaye Wood

DM Properties & Associates License #327728 Listed on: 03/20/2022

Last Buyer's Agent

Carol Ervin

Keller Williams Unlimited License #278637

Keller Williams Unlimited

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,541

Year Built

  • Built in 1986

Lot Details

  • Lot Has A Rolling Slope
  • Property is zoned R-A, RA

Home Design

  • Farmhouse Style Home
  • Metal Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Living Room with Fireplace
  • Laundry in Mud Room

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Garden Bath

Parking

  • Workshop in Garage
  • Driveway
  • 1 to 5 Parking Spaces

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Pond
  • Wrap Around Porch
  • Patio
  • Outdoor Fireplace
  • Separate Outdoor Workshop
  • Shed

Additional Homes

  • Separate Entry Quarters

Schools

  • West Middle School
  • West Stanly High School

Farming

  • Barn
  • Machine Shed

Utilities

  • Central Heating
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 555302880983

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,541

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Farmhouse
  • Year Built: 1986
  • Ratio Current Price By Acre: 73045.25
  • Special Assessment Yn: 0
  • Second Living Quarters: Exterior Not Connected,Room w/ Private Bath,Separate Entrance,Separate Kitchen Facilities,Separate Living Quarters,Other - See Media/Remarks
  • Road Surface Type: Asphalt
  • Structure Type: Two Story/Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement Fully Finished, Brick/Mortar
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Garage Shop, Garden Tub, Hot Tub, Kitchen Island
  • Fixture Exception Yn: 1
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1279
  • 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: 561
  • Second Living Quarters Sq Ft: 800
  • Porch: Covered,Front,Patio,Porch-Wrap Around
  • Fixture Exception Description: Wooden patio table in front of fireplace, patio furniture, farm equipment including mower, tractor and front loader, travel trailer, hutches in kitchen.
  • Appliances: Ceiling Fan(s), Gas Cooktop, Dishwasher, Disposal, Exhaust Hood, Gas Oven, Gas Range, Plumbed For Ice Maker, Microwave, Oven, Propane Cooktop, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 420
  • Fireplace Features: Living Room
  • Living Area: 2260
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 0
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 1

Exterior Features

  • Exterior Features: Barn(s), Hot Tub, Outdoor Fireplace, In Ground Pool, Shed(s), Tractor Shed, Workshop, Other
  • New Construction: No
  • Roof: Metal
  • Tax Location: Stanly
  • Construction Type: Site Built
  • Construction Type: Aluminum Siding, Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 2 Car, Driveway, Parking Space - 4+, Other

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Mud Room
  • Water Source: Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

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

Lot Info

  • Lot Features: Pond(s), Rolling Slope
  • Lot Size Units: Acres
  • Parcel Number: 555302880983
  • Plat Reference Section Pages: 832
  • Additional Parcels Description: 5553 78 4974-Cabarrus
  • Zoning Description: RA

Tax Info

  • RATIO List Price By Tax Amount: 2.61976

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: West Stanly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2022
Closed on
Apr 28, 2022
Sold by
Smith Chad S and Smith Myquillyn
Bought by
Yager Family Living Trust
Seller's Agent
Gaye Wood
DM Properties & Associates
Buyer's Agent
Carol Ervin
Keller Williams Unlimited
List Price
$799,500
Sold Price
$876,543
Premium/Discount to List
$77,043
9.64%
Current Estimated Value
$715,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$160,891
Avg. Annual Appreciation
-5.52%
Original Mortgage
$701,203
Outstanding Balance
$664,613
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$51,039

Purchase Details

Closed on
Aug 7, 2013
Sold by
Davis John Marshall
Bought by
Smith Chad and Smith Myquillyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,400
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2012
Sold by
Barrett Eric T and Barrett Amy L
Bought by
Davis John Marshall and Davis Kasie Lee Ann Townsend

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
3.83%
Mortgage Type
New Conventional
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
Yager Family Living Trust $877,000 --
Smith Chad $312,000 First American
Davis John Marshall $310,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yager Family Living Trust $701,203
Previous Owner Smith Chad $296,400
Previous Owner Davis John Marshall $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2022 04/28/22 Sold $876,543 +9.6% $388 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
03/20/2022 03/20/22 For Sale $799,500 -- $354 / 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
2025 $3,541 $562,010 $166,746 $395,264
2024 $2,257 $309,190 $96,246 $212,944
2023 $2,257 $309,190 $96,246 $212,944
2022 $2,197 $305,181 $96,246 $208,935
2021 $2,167 $305,181 $96,246 $208,935
2020 $1,915 $251,192 $82,543 $168,649
2019 $1,934 $251,192 $82,543 $168,649
2018 $1,934 $251,192 $82,543 $168,649
2017 $1,884 $244,648 $82,543 $162,105
2016 $1,820 $236,379 $78,617 $157,762
2015 $1,801 $236,379 $78,617 $157,762
2014 $1,371 $237,709 $79,947 $157,762
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3840741

Canopy MLS (Canopy Realtor® Association)

APN: 5553-02-88-0983