Seller's Agent in 2026
Lynnette Gearing
Lantern Realty & Development, LLC
(704) 699-6902
89 Total Sales
36040 Palestine Rd Albemarle, NC 28001
2
Beds
1
Bath
845
Sq Ft
39,988
Sq Ft Lot
Highlights
- Wooded Lot
- No HOA
- Laundry in Utility Room
- Badin Elementary School Rated 9+
- Separate Outdoor Workshop
- Machine Shed
About This Home
As of January 2026Welcome to this beautifully renovated 2-bedroom, 1-bath home located just outside the city limits of Albemarle, North Carolina, offering space, flexibility, and peaceful surroundings. Situated on a generous 0.918-acre lot, this property combines modern updates with the freedom of country living.
Inside, you'll find a bright and inviting interior featuring brand-new flooring, updated light fixtures, and a bonus room ideal for a home office, hobby space, or a guest area. Major upgrades include a new roof, HVAC system, hot water heater, along with updated electrical and plumbing - providing comfort and peace of mind for years to come.
Outside, the possibilities continue. A large additional building/workshop offers incredible potential to renovate into extra living space, a studio, or income-producing opportunity. An open tractor shed provides convenient equipment or vehicle storage, perfect for those who need extra room to work or play.
With nearly an acre of land and outside the city limits, this property offers privacy, versatility, and room to grow - just minutes from Albemarle conveniences, such as grocery stores, restaurants and entertainment. Seller is also selling an additional 2.39 acres located beside and behind this property MLS#4329641. Seller would entertain an offer combining both this property and the additional 2.39 acres if buyer is interested.
Last Agent to Sell the Property
Lantern Realty & Development, LLC Brokerage Email: lynnettegearing.realtor@gmail.com License #306394 Listed on: 12/16/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1945
Lot Details
- 0.92 Acre Lot
- Cleared Lot
- Wooded Lot
- Property is zoned R-A
Parking
- Driveway
Interior Spaces
- 1-Story Property
- Crawl Space
- Laundry in Utility Room
Kitchen
- Electric Range
- Range Hood
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Outdoor Features
- Separate Outdoor Workshop
- Shed
Farming
- Machine Shed
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 6650-03-00-2580
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 20, 2025
Sold by
Better Path Homes Llc
Bought by
Great North Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$238,957
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$58,079
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Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | None Listed On Document | |
| Warranty Deed | $160,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $240,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/22/2026 01/22/26 | Sold | $199,999 | 0.0% | $237 / Sq Ft |
| 12/16/2025 12/16/25 | For Sale | $199,999 | -- | $237 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
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 | $1,353 | $230,228 | $73,770 | $156,458 |
| 2024 | $1,251 | $181,923 | $45,315 | $136,608 |
| 2023 | $1,008 | $181,923 | $45,315 | $136,608 |
| 2022 | $1,008 | $181,923 | $45,315 | $136,608 |
| 2021 | $1,004 | $181,923 | $45,315 | $136,608 |
| 2020 | $989 | $166,904 | $40,505 | $126,399 |
| 2019 | $989 | $166,904 | $40,505 | $126,399 |
| 2018 | $1,248 | $166,904 | $40,505 | $126,399 |
| 2017 | $1,248 | $166,904 | $40,505 | $126,399 |
| 2016 | $1,193 | $159,604 | $36,100 | $123,504 |
| 2015 | $924 | $159,604 | $36,100 | $123,504 |
| 2014 | $868 | $159,604 | $36,100 | $123,504 |
Source: Public Records
Agents Affiliated with this Home
-
Lynnette Gearing
-
Tammy Coble
T
Buyer's Agent in 2026
Tammy Coble
Divine Real Estate Boutique, LLC
(704) 743-6100
40 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4329656
APN: 6650-03-00-2580
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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