NOT LISTED FOR SALE

40 Old Farm Rd Salisbury, NC 28147

Estimated Value: $385,429 - $442,000

3 Beds
3 Baths
2,342 Sq Ft
$179/Sq Ft Est. Value

Last Sold May 31, 2012

Last sale price $160,000 $68 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $2,363/month

90 Days on Market

Highlights

  • Great Room with Fireplace
  • Elevator
  • Front Porch
  • Cathedral Ceiling
  • Skylights
  • Walk-In Closet

About This Home

As of May 2012

Large brick home in a wonderful neighborhood, offers 3 bedrooms and 3 baths. Beautiful custom cabinets in kitchen. Workshop/storage area in side load garage. Fenced back yard. Den off the master bedroom would be perfect home office/workout room/nursery - endless potential. Jettted tub in master bath.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • Property fronts an interstate
  • Level Lot
  • Possible uses of the property include Residential

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 2,342 Sq Ft Home
  • Cathedral Ceiling
  • Skylights
  • Window Treatments
  • Great Room with Fireplace
  • Crawl Space

Kitchen

  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Hurley Elementary School
  • Southeast Middle School
  • West Rowan High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • Hidden Hut Subdivision
  • Elevator

Listing and Financial Details

  • Assessor Parcel Number 224

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1986
  • Inclusions: Building
  • Road Frontage Type: Interstate
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Interior Amenities: Cathedral Ceiling(s), Walk-In Closet(s)
  • Sq Ft Unheated Basement: 0
  • Possible Use: Residential
  • Appliances: Dishwasher, Exhaust Hood, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Great Room
  • Living Area: 2342
  • Window Features: Skylight(s), Window Treatments

Exterior Features

  • Roof: Composition
  • Construction Type: Brick Partial, Metal
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Septic Installed, Other - See Remarks
  • Green Building Features: Elevator
  • Cooling: Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Southeast

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 224
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Hurley
  • High School: West Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2012
Closed on
May 30, 2012
Sold by
Estate Of Mary Bost Snowberger and Benfield William Daniel
Bought by
Miller Jimmie A and Miller Kelly Q
List Price
$176,000
Sold Price
$160,000
Premium/Discount to List
-$16,000
-9.09%
Current Estimated Value
$418,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,857
Avg. Annual Appreciation
7.33%
Original Mortgage
$85,000
Outstanding Balance
$58,686
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$360,171
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Miller Jimmie A $160,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Jimmie A $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2012 08/30/12 Off Market $160,000 -- --
05/31/2012 05/31/12 Sold $160,000 -9.1% $68 / Sq Ft
04/23/2012 04/23/12 Pending -- -- --
01/24/2012 01/24/12 For Sale $176,000 -- $75 / 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 $2,096 $309,331 $38,000 $271,331
2024 $2,096 $309,331 $38,000 $271,331
2023 $2,096 $309,331 $38,000 $271,331
2022 $1,542 $204,233 $35,000 $169,233
2021 $1,527 $204,233 $35,000 $169,233
2020 $1,527 $204,233 $35,000 $169,233
2019 $1,527 $204,233 $35,000 $169,233
2018 $1,308 $176,455 $35,000 $141,455
2017 $1,308 $176,455 $35,000 $141,455
2016 $1,308 $176,455 $35,000 $141,455
2015 $1,323 $176,455 $35,000 $141,455
2014 $1,298 $181,580 $35,000 $146,580
Source: Public Records

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: R53103

Canopy MLS (Canopy Realtor® Association)

APN: 464-E224