NOT LISTED FOR SALE

Estimated Value: $237,000 - $352,000

2 Beds
1 Bath
1,012 Sq Ft
$295/Sq Ft Est. Value

Last Sold October 22, 2014

Last sale price $58,500 $58 Per Sq Ft

Est. 406% increase in value since last sale

Current estimated payment $1,744/month

250 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Thermal Windows
  • 1 Fireplace
  • Formal Dining Room
  • Living Room

About This Home

As of October 2014

NEW Bank Approved Short Sale Price. Quick Bank Response. 2 bed, 1 bath cottage in Colonial Village. Many updates, Vinyl windows, etc. Large backyard with mature trees

Last Agent to Sell the Property

Fred Gainey

Wilkinson ERA Real Estate Listed on: 01/25/2014

Last Buyer's Agent

Fred Gainey

Wilkinson ERA Real Estate Listed on: 01/25/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,469

Year Built

  • Built in 1941

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75 x 165
  • Property is zoned R-10

Parking

  • On-Site Parking

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,012 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Thermal Windows
  • Blinds
  • Living Room
  • Formal Dining Room
  • Crawl Space
  • Pull Down Stairs to Attic
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Colonial Village Subdivision

Listing and Financial Details

  • Tax Lot 1580

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,469

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1941
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Attic: Stairs - Pull Down
  • Basement: None
  • Dining Room Type: Formal
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 1000 - 1199
  • Interior Amenities: Blinds/Shades, Ceiling Fan(s)
  • List Price per Sq Ft: 54.35
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 2
  • Number Rooms: 5
  • Bedroom 1 Level: First
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1012.00
  • Total Heated Primary Separate Sq Ft: 1012.00

Exterior Features

  • Exterior Features: Thermal Windows
  • Exterior Finish: Vinyl Siding
  • Foundation: Crawl Space
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle

Garage/Parking

  • Parking Driveway: On Site

Utilities

  • Appliances Equipment: Dishwasher
  • Cooling System: Central
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric, Natural Gas

Association/Amenities

  • HOA: No

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 826.00
  • Lot Acres: 0.25
  • Lot Dimensions: 75 x 165
  • Lot Number: 1580
  • Lot Sq Ft: 10890.00
  • Zoning: R-10

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2015
Sold by
Railey Tracy L and Railey Tina Marie
Bought by
Railey Cory M
Current Estimated Value
$296,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Outstanding Balance
$50,987
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$244,511

Purchase Details

Listed on
Jan 25, 2014
Closed on
Oct 21, 2014
Sold by
Burley Seth and Johnson Maggie
Bought by
Railey Tracy L
Seller's Agent
Fred Gainey
Wilkinson ERA Real Estate
Buyer's Agent
Fred Gainey
Wilkinson ERA Real Estate
List Price
$99,000
Sold Price
$58,500
Premium/Discount to List
-$40,500
-40.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.16%

Purchase Details

Closed on
Jan 4, 2010
Sold by
Johnson Jack L and Johnson Margaret
Bought by
Johnson Maggie and Burley Seth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,758
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 2007
Sold by
Swanson Bryon A and Swanson Heidi R
Bought by
Johnson Maggie and Burley Seth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,896
Interest Rate
6.56%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 2001
Sold by
Coastal Home Buyers Ltd
Bought by
Swanson Heidi R Bryon A

Purchase Details

Closed on
Aug 15, 2001
Sold by
Benton Sr Nancy T Bell Bobby R
Bought by
Coastal Home Buyers Ltd

Purchase Details

Closed on
Jan 1, 2001
Bought by
Bell Esther M

Purchase Details

Closed on
May 12, 1994
Sold by
Benton Sr Teresa B Bobby Ray
Bought by
Benton Bobby Ray

Purchase Details

Closed on
Dec 31, 1993
Sold by
Fergus Teresa Bell
Bought by
Benton Teresa Bell Fergus

Purchase Details

Closed on
Feb 1, 1987
Sold by
Fergus Constance Towles
Bought by
Fergus Teresa Bell
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
Railey Cory M $80,000 Attorney
Railey Tracy L $58,500 None Available
Johnson Maggie -- None Available
Johnson Maggie $168,500 None Available
Swanson Heidi R Bryon A $89,000 --
Coastal Home Buyers Ltd $7,000 --
Coastal Home Buyers Ltd $6,500 --
Bell Esther M -- --
Benton Bobby Ray -- --
Benton Teresa Bell Fergus -- --
Fergus Teresa Bell -- --
Fergus Constance Towles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Railey Cory M $64,000
Previous Owner Johnson Maggie $169,758
Previous Owner Johnson Maggie $165,896
Previous Owner Swanson Bryon A $133,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2014 10/22/14 Sold $58,500 -40.9% $58 / Sq Ft
10/02/2014 10/02/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $99,000 -- $98 / Sq Ft
Source: Hive MLS

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
2023 $1,469 $168,800 $70,600 $98,200
2022 $1,435 $168,800 $70,600 $98,200
2021 $1,445 $168,800 $70,600 $98,200
2020 $1,010 $95,900 $28,800 $67,100
2019 $1,010 $95,900 $28,800 $67,100
2018 $1,010 $95,900 $28,800 $67,100
2017 $1,010 $95,900 $28,800 $67,100
2016 $971 $87,600 $25,200 $62,400
2015 $928 $87,600 $25,200 $62,400
2014 $888 $87,600 $25,200 $62,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 30501038

Hive MLS

APN: R05509-004-022-000