NOT LISTED FOR SALE

37 Kennedy Rd Louisburg, NC 27549

Estimated Value: $321,000 - $635,682

23 Acres
$20,122 Price per Acre
1,007,543 Sq Ft Lot

Last Sold August 12, 2021

Last sale price $235,000

Est. 98% increase in value since last sale

Current estimated payment $2,758/month

83 Days on Market

Highlights

  • Horses Allowed On Property
  • Wooded Lot
  • Level Lot
  • 23.13 Acre Lot
  • Brush Vegetation

About This Lot

As of August 2021

23 plus acres of wooded farmland. If you've dreamed of getting out to the country , this could be the acreage you're looking for. Private and secluded. Could also be used for future development . The zoning is AR ( Agricultural, Residential ). The house and out buildings have not been used or occupied by current owner, they are all overgrown with brush. and being sold as is. This property is being sold for land use only. Does have an old well on property , seller has no knowledge of whether its operable.

Last Agent to Sell the Property

Todd Skipper

NorthGroup Real Estate, Inc. License #259472 Listed on: 02/23/2021

NorthGroup Real Estate, Inc.

Last Buyer's Agent

Barry Wilkins

Allen Tate/ Lake Royale License #295838

Allen Tate/ Lake Royale

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,663

Lot Details

  • 23.13 Acre Lot
  • Property fronts a private road
  • Brush Vegetation
  • Level Lot
  • Wooded Lot

Schools

  • Laurel Mill Elementary School
  • Terrell Lane Middle School
  • Louisburg High School

Additional Features

  • Horses Allowed On Property
  • Well

Property Details

Property Type

Land

Est. Annual Taxes

$2,663

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: Yes
  • Road Frontage Type: Private Road
  • Subdivision Name: Not in a Subdivision
  • Water Source Well: Yes
  • General Property Information Horse YN2: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • Vegetation Brush: Yes
  • General Property Information Lot Size Acres: 23.13
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 23.13
  • Lot Features:Level: Yes

Utilities

  • Utilities: Electricity Available
  • Water Source: Well

Schools

  • Ninth Grade High School: Franklin - Louisburg
  • Middle Or Junior School: Franklin - Terrell Lane

Lot Info

  • Current Use: Unimproved
  • Lot Size Sq Ft: 1007542.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Franklin - Laurel Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2022
Sold by
Eugene Davis Steven and Otstot Ann
Bought by
Merrick Michael Joseph and Merrick Rebecca Davis
Current Estimated Value
$465,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,560
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 23, 2021
Closed on
Aug 12, 2021
Sold by
West David M
Bought by
Davis Steven Eugene and Davis Ann Otstot
Seller's Agent
Todd Skipper
NorthGroup Real Estate, Inc.
Buyer's Agent
Barry Wilkins
Allen Tate/ Lake Royale
List Price
$299,900
Sold Price
$235,000
Premium/Discount to List
-$64,900
-21.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.01%
Original Mortgage
$107,550
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 5, 2018
Sold by
Milyn Construction Llc
Bought by
West David M

Purchase Details

Closed on
May 17, 2017
Sold by
Hill Tommy R
Bought by
Mailyn Construction Llc

Purchase Details

Closed on
Jul 2, 2001
Bought by
Hill Tommy R and Hill Winta M
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 Buyer Sale Price Title Company
Merrick Michael Joseph -- None Listed On Document
Davis Steven Eugene $235,000 None Available
West David M $148,000 None Available
Mailyn Construction Llc $98,000 Attorney
Hill Tommy R $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrick Michael Joseph $288,600
Closed Merrick Michael Joseph $376,560
Previous Owner Davis Steven Eugene $107,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $235,000 -- --
08/12/2021 08/12/21 Sold $235,000 -6.0% --
05/17/2021 05/17/21 Pending -- -- --
05/04/2021 05/04/21 Price Changed $250,000 -9.1% --
04/21/2021 04/21/21 Price Changed $275,000 -8.3% --
02/23/2021 02/23/21 For Sale $299,900 -- --
Source: Doorify 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
2024 $2,663 $451,850 $100,380 $351,470
2023 $1,577 $186,660 $63,650 $123,010
2022 $681 $80,540 $63,650 $16,890
2021 $689 $80,540 $63,650 $16,890
2020 $693 $80,540 $63,650 $16,890
2019 $693 $80,540 $63,650 $16,890
2018 $908 $105,870 $63,650 $42,220
2017 $1,165 $114,210 $55,700 $58,510
2016 $1,205 $114,210 $55,700 $58,510
2015 $1,205 $114,210 $55,700 $58,510
2014 $1,120 $114,210 $55,700 $58,510
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Todd Skipper

    NorthGroup Real Estate, Inc.

    (919) 880-4503

    22 Total Sales

    Section Image
  • Barry Wilkins

    Buyer's Agent in 2021

    Barry Wilkins

    Allen Tate/ Lake Royale

    (919) 349-8603

    458 Total Sales

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2368245

Doorify MLS

APN: 011980

North Carolina Franklin County Louisburg 27549

37 Kennedy Rd, Louisburg, NC

This home is located at 37 Kennedy Rd, Louisburg, NC 27549 since 23 February 2021 and is currently estimated at $465,421. 37 Kennedy Rd is a home located in Franklin County with nearby schools including Laurel Mill Elementary School, Terrell Lane Middle School, and Louisburg High School.

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