NOT LISTED FOR SALE

36040 Palestine Rd Albemarle, NC 28001

Estimated Value: $284,000 - $328,591

2 Beds
1 Bath
845 Sq Ft
$352/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2026

Last sale price $199,999 $237 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,692 / mo

7 Days on Market

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 2026

Welcome 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

Lynnette Gearing

Lantern Realty & Development, LLC Brokerage Email: lynnettegearing.realtor@gmail.com License #306394 Listed on: 12/16/2025

Lantern Realty & Development, LLC

Last Buyer's Agent

Tammy Coble

Divine Real Estate Boutique, LLC License #338570

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 39,988 Sq Ft 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

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

0.92 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1945
  • Road Surface Type: Dirt, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 236.69
  • Geocode Confidence: High
  • Attribution Contact: lynnettegearing.realtor@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 845
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 167
  • Sq Ft Unheated Total: 167
  • Sq Ft Upper: 0
  • Appliances: Electric Range, Electric Water Heater, Exhaust Hood, Refrigerator
  • Above Grade Finished Sq Ft: 845
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 845
  • Bedroom Main: 2

Exterior Features

  • Exterior Features: Other - See Remarks
  • New Construction: No
  • Construction Type: Site Built
  • Pool Private: No
  • Construction Type: Block
  • Other Structures: Shed(s), Tractor Shed, Workshop

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Central
  • Sewer: Septic Installed
  • Laundry Features: Utility Room
  • Cooling: Central Air
  • Water Source: City, Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Cleared, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 6650-03-00-2580
  • Lot Size Acres: 0.918
  • Additional Parcels: No
  • Zoning Specification: R-A

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2025
Closed on
Dec 30, 2025
Sold by
Bought by
Seller's Agent
Lynnette Gearing
Lantern Realty & Development, LLC
Buyer's Agent
Tammy Coble
Divine Real Estate Boutique, LLC
List Price
$199,999
Sold Price
$199,999
Views
10
Current Estimated Value
$297,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,649
Avg. Annual Appreciation
211.43%
Original Mortgage
$275,743
Outstanding Balance
$274,690
Interest Rate
6.26%
Mortgage Type
FHA
Estimated Equity
$22,958

Purchase Details

Closed on
Jun 20, 2025
Sold by
Bought by

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
Interest Rate
6.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$290,000 None Listed On Document
$200,000 None Listed On Document
$160,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $275,743
Previous Owner $240,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    Seller's Agent in 2026

    Lynnette Gearing

    Lantern Realty & Development, LLC

    (704) 699-6902

    87 Total Sales

    Lynnette Gearing
    Section Image

  • T

    Buyer's Agent in 2026

    Tammy Coble

    Divine Real Estate Boutique, LLC

    (704) 743-6100

    41 Total Sales

    Tammy Coble
    Section Image
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Map

Source: Canopy MLS

MLS Number: 4329656

Canopy MLS

APN: 6650-03-00-2580

North Carolina Stanly County Albemarle 28001

36040 Palestine Rd, Albemarle, NC

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.

Canopy MLS 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
Listings courtesy of Canopy MLS as distributed by MLS GRID

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