NOT LISTED FOR SALE

40 Spring Lake Dr Pinehurst, NC 28374

Estimated Value: $542,000 - $565,000

4 Beds
3 Baths
2,743 Sq Ft
$203/Sq Ft Est. Value

Last Sold December 19, 2024

Last sale price $556,500 $203 Per Sq Ft

Current estimated payment $3,128/month

12 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Attic
  • Pinehurst Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 1 Fireplace

About This Home

As of December 2024

1031 Eligible. This is the one! STR Rentals allowed, PCC Charter Membership possible. Buyer pays all fees. This is a spacious 4-bedroom three bath home, convenient walkable neighborhood. Grandfathered short term rental allows you to enjoy a great vacation home and rent the property when you are away. Last 12 month gross rentals to June 30 exceed $29,000. Large rooms,, nicely finished with molding and premium woodwork. Open floor plan with 3 bedrooms on main, 9ft ceilings, gleaming hardwood floors, crown molding; living room with 10 ft. ceiling, gas fireplace with hand crafted mantel; formal dining room; kitchen with solid maple cabinets, under cabinet lighting, granite countertops, tile backsplash, pantry, stainless appliances, breakfast nook leads to outdoor covered deck overlooking private fenced back yard. Master suite with large walk in closet, walk in shower with glass door and 6 ft. soaker tub. Bonus room and 4th bedroom on 2nd floor with huge unfinished walk in attic storage space. No HOA. Side loaded two car garage, concrete driveway.Located in a walkable neighborhood, easy access to greenway, parks, Village center, hospital and shopping. Pinehurst Charter Membership is available, speak to Agent for details.Tenant in place through March 2025.

Last Agent to Sell the Property

Robert Barmore

Coldwell Banker Advantage-Southern Pines License #247720 Listed on: 10/31/2024

Coldwell Banker Advantage-Southern Pines

Last Buyer's Agent

Marianne Fox

Coldwell Banker Advantage-Southern Pines License #353343

Coldwell Banker Advantage-Southern Pines

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2011

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 55x143x107x143
  • Fenced Yard
  • Property is Fully Fenced
  • Wood Fence
  • Property is zoned R 10

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,743 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 1 Fireplace
  • Blinds
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Crawl Space
  • Partially Finished Attic

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Range with Range Hood
  • Built-In Microwave

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 4 Garage Spaces | 2 Attached and 2 Detached
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Pinehurst Elementary School
  • West Pine Middle School
  • Pinecrest High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Village Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00015742

Home Details

Home Type

Single Family

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Microwave - Built-In, Vent Hood, Stove/Oven - Electric, Refrigerator, Range
  • Basement: None
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Heat Pump
  • Deed Page: 215.00
  • Directions To Property: 211 to Gun Club, Right on Spring Lake, house on the right.
  • Document Count: 2
  • Elementary School: Pinehurst Elementary
  • Fencing: Back Yard, Wood, Full
  • Fireplace: 1
  • Foundation: Crawl Space
  • Fuel Tank: None
  • High School: Pinecrest
  • H O A: No
  • Listing I D: 100473596
  • List Priceper Sq Ft: 208.71
  • Location Type: Mainland
  • Lot Acres: 0.33
  • Lot Dimensions: 55x143x107x143
  • Lot Sq Ft: 14375.00
  • Marketing City: Pinehurst
  • Middle School: West Pine
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Covered, Porch, Deck
  • Prospect Exempt: No
  • Road Type Frontage: Public (City/Cty/St)
  • Bonus Room Level: Upper
  • Breakfast Nook Level: Main
  • Other Level: Main
  • School District: Moore County Schools
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: Moore County Public Works
  • Service Providers Water Provider: Moore County Public Works
  • Sign On Property: No
  • Sq Ft Heated: 2743.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 2.0
  • Stories Levels: Two
  • Subdivision: Village Acres
  • Tax Identifier: 00015742
  • Tax Year: 2024
  • Terms: Cash, Conventional
  • Total Heated Primary Separate Sq Ft: 2743.00
  • Water Heater: Electric
  • Year Built: 2011
  • Zoning: R 10
  • Trash Collection: City Pick-UP
  • Home Warranty Termite: Termite Bond
  • Home Warranty Termite Company: Antex
  • Home Warranty Termite Company Phone: 9102955881
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Floored - Partial, Walk-In
  • Dining Room Type: Formal
  • Flooring: Carpet, Wood, Tile
  • Interior Amenities: 1st Floor Master, Security System, Walk-In Closet, Walk-in Shower, Smoke Detectors, Foyer, Pantry, Ceiling Fan(s), Blinds/Shades, 9Ft+ Ceilings
  • Laundry Location: Hookup - Dryer, Room, Hookup - Washer
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 4
  • Bedroom2 Level: Main
  • Bedroom3 Level: Main
  • Bedroom4 Level: Upper
  • Dining Room Level: Main
  • Kitchen Level: Upper
  • Laundry Level: Main
  • Living Room Level: Main
  • Primary Bedroom Level: Main

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Detached Garage Spaces: 2.00
  • Total Garage Spaces: 4.00
  • Parking Driveway: Concrete, Garage Door Opener, Garage Faces Side

Utilities

  • Heated Sq Ft: 2600 - 2799
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Heating System Fuel Source: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2024
Closed on
Dec 10, 2024
Sold by
2015 Stuart Rudden Family Trust and Stuart Darin Lance
Bought by
Dentel John Nguyen and Dentel Annette Kim
Seller's Agent
Robert Barmore
Coldwell Banker Advantage-Southern Pines
Buyer's Agent
Marianne Fox
Coldwell Banker Advantage-Southern Pines
List Price
$572,500
Sold Price
$556,500
Premium/Discount to List
-$16,000
-2.79%
Views
26
Current Estimated Value
$557,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$817
Avg. Annual Appreciation
0.14%
Original Mortgage
$445,200
Outstanding Balance
$441,699
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$115,618

Purchase Details

Listed on
Jan 7, 2021
Closed on
Feb 22, 2021
Sold by
Morris John A and Morris Tia Ellis
Bought by
Stuart Darin Lance and Rudden Maryam
Seller's Agent
Rachel Hernandez
Pines Sotheby's International Realty
Buyer's Agent
Outside MLS Sold Triangle MLS
Non Member Transaction
List Price
$365,000
Sold Price
$365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.67%
Original Mortgage
$290,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2011
Sold by
Ajg Construction Llc
Bought by
Morris John A and Morris Tia Ellis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,050
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2010
Sold by
Kline Jeffrey and Kline Julie I
Bought by
Ajg Construction Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dentel John Nguyen $556,500 None Listed On Document
Dentel John Nguyen $556,500 None Listed On Document
Stuart Darin Lance $365,000 None Available
Morris John A $299,000 None Available
Ajg Construction Llc $22,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dentel John Nguyen $445,200
Closed Dentel John Nguyen $445,200
Previous Owner Stuart Darin Lance $290,000
Previous Owner Morris John A $284,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/19/2024 12/19/24 Sold $556,500 -2.8% $203 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
10/31/2024 10/31/24 For Sale $572,500 0.0% $209 / Sq Ft
07/27/2024 07/27/24 Rented $2,400 -7.7% --
07/22/2024 07/22/24 For Rent $2,600 0.0% --
02/24/2021 02/24/21 Sold $365,000 0.0% $133 / Sq Ft View Prior Sale
01/25/2021 01/25/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $365,000 -- $133 / Sq Ft
Source: Hive 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 $2,609 $455,640 $55,000 $400,640
2023 $2,722 $455,640 $55,000 $400,640
2022 $2,438 $291,930 $30,000 $261,930
2021 $2,525 $291,930 $30,000 $261,930
2020 $2,499 $291,930 $30,000 $261,930
2019 $2,499 $291,930 $30,000 $261,930
2018 $2,151 $268,900 $26,500 $242,400
2017 $2,124 $268,900 $26,500 $242,400
2015 $2,084 $268,900 $26,500 $242,400
2014 $1,947 $254,470 $26,500 $227,970
2013 -- $254,470 $26,500 $227,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100473596

Hive MLS

APN: 8563-13-22-2820