$410,000
SOLD APR 19, 2024

364 Luther Dr Iron Station, NC 28080

6.49 Acres
$63,174 Price per Acre
282,704 Sq Ft Lot

Recently Sold

14% Below List Price

38 Days on Market

Highlights

  • Private Lot
  • Wooded Lot
  • Machine Shed
  • St. James Elementary School Rated A-
  • Separate Outdoor Workshop

About This Lot

As of September 2025

Welcome to a slice of paradise nestled in the heart of Lincoln County! This approximate 6.49-acre property offers a unique blend of natural beauty and functional amenities, making it an ideal investment opportunity for those seeking a serene lifestyle. Upon arrival, you'll be greeted by an approximate 90' x 30' three-bay garage, a versatile space that presents endless possibilities. Equipped with a functioning kitchen, bathroom, and a rooms that could easily be converted into additional living quarters, this structure provides the perfect canvas for customization to suit your specific needs. Don't miss your chance to own a piece of paradise in this highly sought-after location. Whether you're dreaming of building your dream home, or simply escaping the hustle and bustle of city life, this property offers endless possibilities for the discerning buyer.

Last Agent to Sell the Property

Tony Cloninger

Keller Williams Advantage Brokerage Email: tcloninger@kw.com License #114565 Listed on: 02/06/2024

Keller Williams Advantage

Co-Listed By

Ryan Cloninger

Keller Williams Advantage Brokerage Email: tcloninger@kw.com License #303881

Last Buyer's Agent

Andrea Reeves-Witherspoon

Regency On the Lake License #188106

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,775

Lot Details

  • Property fronts a state road
  • Private Lot
  • Sloped Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Property is zoned R-SF

Utilities

  • Well Required
  • Septic Needed

Additional Features

  • Separate Outdoor Workshop
  • Machine Shed

Listing and Financial Details

  • Assessor Parcel Number 58876

Property Details

Property Type

Land

Est. Annual Taxes

$1,775

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Acreage
  • Habitable Residence Yn: No
  • Restrictions: Deed,N/A
  • Road Frontage Type: State Road, Other - See Remarks
  • Road Surface Type: Gravel, Paved
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Attribution Contact: tcloninger@kw.com
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Waterfront Features: None
  • Other Structures: Detached Garage, Tractor Shed, Workshop
  • Foundation Details Proposed: Basement,Crawl Space,Slab

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Utilities: Electricity Connected
  • Water Source: Well, Well Needed

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Private, Sloped, Wooded
  • Lot Size Area: 6.49
  • Lot Size Units: Acres
  • Parcel Number: 58876
  • Can Be Subdivided: 1
  • Horse Amenities: None
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-SF

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2025
Closed on
Sep 3, 2025
Sold by
Hipps Dustin and Hipps Kristen
Bought by
Seagle Eric Clay and Seagle Jeanette D
Seller's Agent
Gary Espin
Espin Realty
Buyer's Agent
Christian Childers
EXP Realty LLC Ballantyne
List Price
$569,000
Sold Price
$505,000
Premium/Discount to List
-$64,000
-11.25%
Views
1401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
324.44%
Original Mortgage
$479,750
Outstanding Balance
$479,750
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$55,312

Purchase Details

Listed on
Feb 6, 2024
Closed on
Apr 19, 2024
Sold by
Simmons Charles R and Simmons Kay K
Bought by
Hipps Dustin and Hipps Kristen
Seller's Agent
Tony Cloninger
Keller Williams Advantage
Buyer's Agent
Andrea Reeves-Witherspoon
Regency On the Lake
List Price
$475,000
Sold Price
$410,000
Premium/Discount to List
-$65,000
-13.68%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.30%
Original Mortgage
$389,500
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 1997
Bought by
Sigmon Farms Inc

Purchase Details

Closed on
May 18, 1993
Bought by
Poston Susan F
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $505,000 None Listed On Document
Warranty Deed $505,000 None Listed On Document
Warranty Deed $410,000 None Listed On Document
Deed $122,500 --
Deed $171,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $479,750 New Conventional
Closed $479,750 New Conventional
Previous Owner $389,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Sold $505,000 -2.9% $328 / Sq Ft
07/12/2025 07/12/25 Price Changed $520,000 -4.6% $338 / Sq Ft
06/08/2025 06/08/25 Price Changed $545,000 -4.2% $354 / Sq Ft
05/27/2025 05/27/25 For Sale $569,000 +38.8% $370 / Sq Ft
04/19/2024 04/19/24 Sold $410,000 -13.7% --
03/15/2024 03/15/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $475,000 -- --
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 $1,775 $264,189 $100,941 $163,248
2024 $1,084 $155,810 $92,941 $62,869
2023 $1,058 $155,810 $92,941 $62,869
2022 $900 $106,666 $66,386 $40,280
2021 $900 $106,666 $66,386 $40,280
2020 $763 $106,666 $66,386 $40,280
2019 $763 $106,666 $66,386 $40,280
2018 $895 $109,152 $66,695 $42,457
2017 $794 $109,152 $66,695 $42,457
2016 $794 $0 $0 $0
2015 $864 $109,152 $66,695 $42,457
2014 $893 $114,459 $66,695 $47,764
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4105480

Canopy MLS (Canopy Realtor® Association)

APN: 58876