NOT LISTED FOR SALE

3853 Pea Ridge Rd Morganton, NC 28655

Estimated Value: $303,000 - $737,000

85.13 Acres
$5,958 Price per Acre
3,708,263 Sq Ft Lot

Last Sold June 14, 2021

Last sale price $515,000

Est. 2% decrease in value since last sale

Current estimated payment $2,793/month

454 Days on Market

Highlights

  • Barn
  • Wooded Lot
  • Open Lot
  • Pond
  • Home fronts a stream
  • Crops

About This Lot

As of June 2021

This farm is currently being used as a nursery farm with over $100k of nursery products planted. The land is situated in the northern part of Burke county off of NC-181. Plenty of potential for this land use, i.e., Nursery Farm, Residential Compound, and Equine or Cattle Farm. Many other applications are allowed with this zoning code. There's a small branch of water that feeds a 5 +/- acre pond for watering livestock or for recreational enjoyment. There is an old Farm House and Barn on this property located by the address of 1848 Lonnie Shuffler Rd. The house is considered unhabitable now. However, it's possible it could be repaired. Outstanding mountain views on this property enhance the desirability for ownership. Located about 1.5 hours from Charlotte, 45 mins to Asheville, 10 mins to Lake James, and 45 mins to most NC Ski Lodges. Also, our quaint town of Morganton is growing with the new NC School of Math and Science, and the Fonta Flora State Trail System. Take a LOOK!.

Last Agent to Sell the Property

Greg Shuffler

Fonta Flora Realty License #147122 Listed on: 02/07/2020

Last Buyer's Agent

Greg Shuffler

Fonta Flora Realty License #147122 Listed on: 02/07/2020

Property Details

Property Type

  • Land

Lot Details

  • Home fronts a stream
  • Open Lot
  • Wooded Lot
  • Many Trees

Farming

  • Barn
  • Crops

Additional Features

  • Pond
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1766809336

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Farm
  • Ratio Close Price By List Price: 0.85848
  • Ratio Close Price By Original Li: 0.85848
  • Ratio Current Price By Acre: 6049.57
  • Restrictions: Modular Allowed, No Restrictions
  • Habitable Residence Yn: Yes
  • Special Features: None

Exterior Features

  • Exterior Features: Barn(s)
  • Cleared Acres: 37.20

Utilities

  • Sewer: Septic Installed
  • Water: Well Installed

Condo/Co-op/Association

  • Community Features: Pond

Schools

  • Elementary School: Oak Hill
  • Middle School: Table Rock
  • High School: Freedom

Lot Info

  • Lot Features: Long Range View, Open Lot, Lake, Stream/Creek, Trees, Crops, Wooded
  • Lot Size Area: 85.130
  • Parcel Number: 1766809336
  • Zoning Specification: R-3
  • Wooded Acres: 42.93
  • Can Be Subdivided: Yes
  • Out Buildings Yn: Yes

Tax Info

  • Tax Value: 260761.00
  • Tax Location: Burke

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Jun 14, 2021
Sold by
Simpson Creek Fams Llc
Bought by
Prouten Richard Frank and Bottjen Audrey
Seller's Agent
Greg Shuffler
Fonta Flora Realty
Buyer's Agent
Greg Shuffler
Fonta Flora Realty
List Price
$599,900
Sold Price
$515,000
Premium/Discount to List
-$84,900
-14.15%
Current Estimated Value
$507,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,769
Avg. Annual Appreciation
-2.59%
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
Prouten Richard Frank $515,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simpson Creek Farms Llc $1,417,666
Previous Owner Simpson Creek Farms Llc $165,000
Previous Owner Simpson Creek Farms Llc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $515,000 -14.2% --
05/06/2021 05/06/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $599,900 +16.5% --
12/31/2020 12/31/20 Off Market $515,000 -- --
08/01/2020 08/01/20 For Sale $599,900 +16.5% --
07/31/2020 07/31/20 Off Market $515,000 -- --
02/07/2020 02/07/20 For Sale $599,900 -- --
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
2024 $1,362 $361,880 $254,060 $107,820
2023 $1,128 $339,048 $254,060 $84,988
2022 $839 $262,840 $236,058 $26,782
2021 $991 $260,761 $236,058 $24,703
2020 $987 $260,761 $236,058 $24,703
2019 $987 $260,761 $236,058 $24,703
2018 $912 $257,050 $236,057 $20,993
2017 $910 $257,050 $236,057 $20,993
2016 $889 $257,050 $236,057 $20,993
2015 $886 $257,050 $236,057 $20,993
2014 $885 $257,050 $236,057 $20,993
2013 $874 $257,050 $236,057 $20,993
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3582770

Canopy MLS (Canopy Realtor® Association)

APN: 25410