NOT LISTED FOR SALE

389 River Rd Rutherfordton, NC 28139

Estimated Value: $380,642 - $577,000

4.03 Acres
$113,936 Price per Acre
175,547 Sq Ft Lot

Last Sold August 08, 2019

Last sale price $22,000 $11 Per Sq Ft

Est. 1,987% increase in value since last sale

Current estimated payment $2,575/month

221 Days on Market

About This Lot

As of August 2019

Wonderful 4-acre lot in the River Road Subdivision. This property is roughly a five minute drive to downtown Rutherfordton and roughly a 10 minute drive to Highway 74. Contains beautiful pine trees. Road Frontage is on Pinetree Lane.

Last Agent to Sell the Property

PJ Kennedy

Keller Williams Ballantyne Area License #275475 Listed on: 12/14/2018

Keller Williams Ballantyne Area

Co-Listed By

Cecilia Lilly

Keller Williams Ballantyne Area License #306208

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Property Type

  • Land

Lot Details

Additional Features

  • Many Trees
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 1636337

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Acreage
  • Ratio Close Price By List Price: 0.91667
  • Ratio Close Price By Original Li: 0.91667
  • Ratio Current Price By Acre: 5459.06
  • Restrictions: No Representation
  • Special Features: None

Utilities

  • Sewer: Septic Needed

Lot Info

  • Lot Features: Trees
  • Parcel Number: 1636337
  • Zoning Specification: Res

Tax Info

  • Tax Value: 16300.00
  • Tax Location: Rutherford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2021
Sold by
Jones Steve Allen and Jones Vivian Lee
Bought by
Cumston Christopher Adam and Cumston Michele Lynn
Current Estimated Value
$459,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Outstanding Balance
$182,071
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$277,090

Purchase Details

Listed on
Sep 8, 2016
Closed on
Oct 21, 2016
Sold by
Secu Re Inc
Bought by
Jones Steve Allen and Jones Vivian Lee
Seller's Agent
Charles Burgess
Buyer's Agent
Non Member
Canopy Administration
List Price
$185,000
Sold Price
$175,500
Premium/Discount to List
-$9,500
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.13%

Purchase Details

Closed on
May 13, 2016
Sold by
State Employees Credit Union
Bought by
Secure Inc

Purchase Details

Closed on
May 4, 2016
Sold by
Peebles George A and Peebles Maria A
Bought by
State Employees Credit Unino

Purchase Details

Closed on
Sep 17, 2004
Bought by
Peebles George A and Peebles Maria A
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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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
Cumston Christopher Adam $255,000 None Available
Jones Steve Allen $175,500 None Available
Secure Inc -- None Available
State Employees Credit Unino -- None Available
Peebles George A $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cumston Christopher Adam $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2019 08/08/19 Sold $22,000 -8.3% $11 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $24,000 -86.3% $12 / Sq Ft
10/31/2016 10/31/16 Sold $175,500 -5.1% $86 / Sq Ft View Prior Sale
10/10/2016 10/10/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $185,000 -- $91 / Sq Ft
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 $1,909 $307,800 $49,700 $258,100
2024 $1,839 $307,800 $49,700 $258,100
2023 $1,504 $307,800 $49,700 $258,100
2022 $1,504 $196,300 $27,400 $168,900
2021 $1,459 $196,300 $27,400 $168,900
2020 $1,459 $196,300 $27,400 $168,900
2019 $1,451 $196,300 $27,400 $168,900
2018 $1,342 $177,300 $27,300 $150,000
2016 $1,320 $177,300 $27,300 $150,000
2013 -- $177,300 $27,300 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3458872

Canopy MLS (Canopy Realtor® Association)

APN: 1636332