NOT LISTED FOR SALE

331 Gwyn Ave Elkin, NC 28621

Estimated Value: $403,130 - $455,000

5 Beds
2 Baths
3,200 Sq Ft
$133/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $355,000 $111 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,425/month

30 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • Farmhouse Style Home
  • Elkin Middle School Rated A
  • Main Floor Primary Bedroom
  • Solid Surface Countertops

About This Home

As of January 2023

This Restored Historic 1910 Farmhouse located in heart of downtown Elkin is a steal at $104. per sq ft incl. the 700 sf apt. above the garage! Try to find another home at this price for all the charm and historic character while also having many modern conveniences. Adorned with wide moldings, shiplap walls, bead board ceiling, original hardwood throughout the home and 2 enclosed porches and 2 covered open porches will ensure plenty of room to enjoy the outdoors while sipping tea or wine in the afternoon. Front and back yard fenced.
A 1-car detached garage and a cozy spacious 2/1 apartment above for extra guests or rent it out as a Air B n B, all within walking distance to restaurants, arts district, music venues, Post Office, wine bars, breweries, hundreds of miles of walking trails, kayaking on the Yadkin River, new Pickle Ball court and dog friendly town! Or better yet, invite family, friends, or clients to relax and enjoy the evenings on the large front porch.

Last Agent to Sell the Property

Laurie Milligan

Underdown, Ball & Associates, LLC License #177561 Listed on: 11/11/2022

Last Buyer's Agent

Alli Pendergrass

Mitchell Forbes Global Properties License #320404

Mitchell Forbes Global Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,256

Year Built

  • Built in 1910

Lot Details

  • 0.35 Acre Lot
  • Fenced
  • Level Lot
  • Property is zoned R-12

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Farmhouse Style Home

Interior Spaces

  • 2,953 Sq Ft Home
  • 2,600-3,200 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Dryer Hookup

Kitchen

  • Double Oven
  • Free-Standing Range
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Outdoor Storage
  • Outdoor Gas Grill
  • Porch

Utilities

  • Heat Pump System
  • Electric Water Heater

Additional Features

  • 700 SF Accessory Dwelling Unit
  • The property is located in a historic district

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 495114440778
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,256

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Lot Size: Rectangular
  • Subdivision Name: None
  • Directions: I-77 to Elkin/Sparta exit 83, turn West onto 268, left on Bridge St. Left on Gwyn, on the right.
  • Above Grade Finished Sq Ft: 2953
  • Architectural Style: Farm House
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1910
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2600 - 3200
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Estimated
  • TRIADMLS_SecondLQHeatedFinished Sq Ft: 700
  • TRIADMLS_FencedYN: Yes
  • TRIADMLS_SecondLQAttachedYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Double Oven, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Vinyl, Wood
  • Interior Amenities: Guest Quarters, Built-in Features, Ceiling Fan(s), Kitchen Island, Pantry, See Remarks, Solid Surface Counter
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Living Area: 2953
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Exterior Features: Garden, Gas Grill
  • Fencing: Fenced
  • Lot Features: City Lot, Historic District, Level
  • Pool Features: None
  • Construction Type: Composite Siding
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Driveway, Garage, Detached
  • Garage Description: Detached Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric, Oil
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Oil
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 495114440778
  • Zoning: R-12
  • TRIADMLS_PricePerAcre: 1014285.7143
  • TRIADMLS_DeedPage: 0658
  • TRIADMLS_DeedBook: 01427
  • TRIADMLS_PlatBook: 001-0204
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Existing Lease Type: None

Tax Info

  • Tax Annual Amount: 2256
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 1.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2025
Sold by
Kemp Porter Jeffrey and Restrepo Kenia
Bought by
Porter Jeffrey Kemp and Restrepo Porter Kenia
Current Estimated Value
$425,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,600
Outstanding Balance
$343,824
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$81,709

Purchase Details

Listed on
Nov 11, 2022
Closed on
Jan 13, 2023
Sold by
Sorrentino Thomas Anthony and Sorrentino Kenneth Dale
Bought by
Porter Jeffrey Kemp and Restrepo Porter Kenia
Seller's Agent
Laurie Milligan
Underdown, Ball & Associates, LLC
Buyer's Agent
Alli Pendergrass
Mitchell Forbes Global Properties
List Price
$375,000
Sold Price
$355,000
Premium/Discount to List
-$20,000
-5.33%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$337,250
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2012
Closed on
Dec 17, 2012
Sold by
Eldridge Thomas M and The Claude F Eldridge Revocabl
Bought by
Sorrentino Thomas A
Buyer's Agent
David Shepherd
Hudspeth Shepherd Properties
List Price
$143,000
Sold Price
$126,000
Premium/Discount to List
-$17,000
-11.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.83%
Original Mortgage
$123,702
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 1997

Purchase Details

Closed on
Mar 1, 1976
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
Porter Jeffrey Kemp -- None Listed On Document
Porter Jeffrey Kemp -- None Listed On Document
Porter Jeffrey Kemp $355,000 --
Sorrentino Thomas A $126,000 None Available
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Porter Jeffrey Kemp $345,600
Closed Porter Jeffrey Kemp $345,600
Previous Owner Porter Jeffrey Kemp $337,250
Previous Owner Sorrentino Thomas A $123,702
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2023 01/13/23 Sold $355,000 -5.3% $137 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
11/11/2022 11/11/22 For Sale $375,000 +197.6% $144 / Sq Ft
12/21/2012 12/21/12 Sold $126,000 -11.9% $44 / Sq Ft View Prior Sale
09/27/2012 09/27/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $143,000 -- $50 / Sq Ft
Source: Triad 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
2025 $2,318 $356,070 $20,900 $335,170
2024 $2,348 $331,560 $19,800 $311,760
2023 $1,231 $331,560 $19,800 $311,760
2022 $1,249 $172,200 $19,800 $152,400
2021 $1,268 $172,200 $19,800 $152,400
2020 $1,220 $158,250 $19,800 $138,450
2019 $1,214 $158,250 $0 $0
2018 $1,195 $158,250 $0 $0
2017 $1,208 $158,250 $0 $0
2016 $1,192 $158,250 $0 $0
2013 -- $146,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1089243

Triad MLS

APN: 4951-14-44-0778