NOT LISTED FOR SALE

401 Ridge Dr Ferguson, NC 28624

Estimated Value: $252,000

11.18 Acres
$22,540 Price per Acre
487,001 Sq Ft Lot

Last Sold August 03, 2023

Last sale price $80,000

Est. 215% increase in value since last sale

Current estimated payment $1,875/month

724 Days on Market

Highlights

  • Equestrian Center
  • Gated Community
  • Hilly Lot
  • Barn
  • Mountain View
  • Private Lot

About This Lot

As of August 2023

Priced FAR BELOW market and tax value! 11.18 +/- GIS AC - Ferguson, Wilkes County, NC - incredible find - towering hardwoods, pasture, horse barn ready to use, great building sites, long range views, paved road access and first part of driveway is paved. Located in the incredible Leatherwood Equestrian Resort. Come see what could be your private slice of NC Mountain Land Perfection. Address is approximate and does not correlate to exact location. See directions or call listing agent.

Last Agent to Sell the Property

Ted Coffey

Mossy Oak Properties Land and Luxury Brokerage Email: tedc@landandluxury.com License #265852 Listed on: 07/17/2021

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,562

Lot Details

  • 11.18 Acre Lot
  • Property fronts a private road
  • Private Lot
  • Paved or Partially Paved Lot
  • Lot Has A Rolling Slope
  • Hilly Lot
  • Wooded Lot
  • Possible uses of the property include Horses, Pasture/Grazing, Private Estate, Recreational, Residential
  • Property is zoned Rural AC

HOA Fees

  • $83 Monthly HOA Fees

Property Views

  • Mountain Views

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Equestrian Center
  • Stables
  • Riding Trail

Utilities

  • Well Required
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 0700822

Community Details

Overview

  • Leatherwood Poa, Phone Number (877) 672-2267
  • Leatherwood Mountains Subdivision
  • Mandatory home owners association

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$5,562

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Acreage
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Square Feet
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Attribution Contact: tedc@landandluxury.com
  • Special Features: None

Interior Features

  • Foundation Details: None
  • Possible Use: Horses, Pasture/Grazing, Private Estate, Recreational, Residential

Exterior Features

  • Road Frontage: 150
  • View: Mountain(s), Winter, Year Round
  • Other Structures: Barn(s), Other - See Remarks

Garage/Parking

  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Utilities: Electricity Connected, Phone Connected
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Leatherwood POA
  • Phone: 877-672-2267
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: www.camsmgt.com

Association/Amenities

  • Association Annual Expense: 1000.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Hilly, Pasture, Paved, Private, Rolling Slope, Sloped, Wooded, Views
  • Lot Size Units: Acres
  • Parcel Number: 0700822
  • Can Be Subdivided: 0
  • Cleared Acres: 3.00
  • Horse Amenities: Equestrian Facilities, Riding Trail, Stable(s)
  • Lot Size Acres: 11.18
  • Lot Size: Illregular
  • Lot Size Sq Ft: 487000
  • Wooded Area: 8
  • ResoLotSizeUnits: Acres
  • Zoning Specification: Rural AC

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2021
Closed on
Jul 13, 2023
Sold by
Rhodes Charles Walter and Rhodes Cathy Ann
Bought by
Davis Leslie A
Seller's Agent
Ted Coffey
Mossy Oak Properties Land and Luxury
Buyer's Agent
Non Member
Canopy Administration
List Price
$90,000
Sold Price
$80,000
Premium/Discount to List
-$10,000
-11.11%
Views
95
Current Estimated Value
$252,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,000

Purchase Details

Closed on
Oct 3, 2018
Sold by
Kindl James D and Kindl Vickie M
Bought by
Rhodes Charles Walter and Rhodes Cathy Ann

Purchase Details

Closed on
Jul 15, 2010
Bought by
Kindl James D and Kindl Vickie M
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
Davis Leslie A $80,000 None Listed On Document
Davis Leslie A $80,000 None Listed On Document
Rhodes Charles Walter $67,500 --
Kindl James D -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2023 08/03/23 Sold $80,000 -5.8% --
06/12/2023 06/12/23 Price Changed $84,900 -2.7% --
06/25/2022 06/25/22 Price Changed $87,300 -3.0% --
07/17/2021 07/17/21 For Sale $90,000 -- --
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 $5,562 $141,440 $133,850 $7,590
2023 $1,059 $141,440 $133,850 $7,590
2022 $1,059 $141,440 $133,850 $7,590
2021 $1,059 $141,440 $133,850 $7,590
2020 $1,075 $141,440 $133,850 $7,590
2019 $107,494 $141,440 $133,850 $7,590
2018 $1,100 $142,800 $0 $0
2017 $1,100 $142,800 $0 $0
2016 $1,100 $142,800 $0 $0
2015 $1,128 $142,800 $0 $0
2014 -- $142,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3763271

Canopy MLS (Canopy Realtor® Association)

APN: 0700822