NOT LISTED FOR SALE

40176 Tower Rd Albemarle, NC 28001

Estimated Value: $348,000 - $401,343

3 Beds
2.5 Baths
2,880 Sq Ft
$131/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $315,000 $109 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,125/month

4 Days on Market

Highlights

  • Above Ground Pool
  • Deck
  • Living Room with Fireplace
  • Badin Elementary School Rated 9+
  • Wood Burning Stove
  • Wooded Lot

About This Home

As of March 2022

Enjoy the peace and quiet of rural farmland, while being minutes from shopping, connectors to highways, and Badin Lake. Make this your own little heaven, where you can hear the crickets chirping and see the stars shine brightly in the sky at night. Blueberries, blackberries, apple trees have been planted. The land has been partially cleared for small-scale, sustainable gardens and livestock. This home is cozy AND spacious. We hope you will find your happy place here!

Last Agent to Sell the Property

Billie Jean Snuggs

Century 21 Russ Hollins, Realtors License #309957 Listed on: 02/01/2022

Century 21 Russ Hollins, Realtors

Last Buyer's Agent

Safiya Cherry

LPT Realty, LLC License #320025

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1994

Lot Details

  • Lot Dimensions are 596x198x534x188
  • Cleared Lot
  • Wooded Lot
  • Zoning described as RA

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Recreation Room with Fireplace

Kitchen

  • Electric Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Basement Garage
  • Workshop in Garage
  • Driveway
  • 1 to 5 Parking Spaces

Outdoor Features

  • Above Ground Pool
  • Deck
  • Front Porch

Utilities

  • Central Heating
  • Heat Pump System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 6651-03-31-5978

Home Details

Home Type

Single Family

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1994
  • Ratio Current Price By Acre: 122759.16
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Gravel
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement Garage Door, Basement Inside Entrance, Basement Partially Finished, Brick/Mortar
  • Flooring: Concrete, Tile, Wood
  • Interior Amenities: Basement Shop, Cable Available, Garage Shop, Garden Tub, Kitchen Island, Pantry, Split Bedroom, Vaulted Ceiling, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1800
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 720
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 720
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Deck,Front
  • Appliances: Cable Prewire, Ceiling Fan(s), Electric Cooktop, Dishwasher, Dryer, Electric Dryer Hookup, Electric Range, Exhaust Hood, Plumbed For Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1080
  • Fireplace Features: Living Room, Recreation Room, Wood Burning, Wood Burning Stove
  • Living Area: 2880
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 1

Exterior Features

  • Exterior Features: Above Ground Pool
  • New Construction: No
  • Roof: Composition
  • Tax Location: Stanly
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Attached Garage, Back Load Garage, Basement, Driveway, Parking Space - 4+

Utilities

  • Heating: Central, Heat Pump, Heat Pump, Wood Stove
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: In Basement
  • Water Source: Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Orchard(s), Wooded, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 6651-03-31-5978
  • Lot Size: 596x198x534x188
  • Zoning Description: RA

Tax Info

  • RATIO List Price By Tax Amount: 1.45769

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Mar 11, 2022
Sold by
Michael Robitaille Ty and Michael Yurinay
Bought by
Musser Michael Paul and Mcpherson Shari D
Seller's Agent
Billie Jean Snuggs
Century 21 Russ Hollins, Realtors
Buyer's Agent
Safiya Cherry
LPT Realty, LLC
List Price
$315,000
Sold Price
$315,000
Current Estimated Value
$377,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,836
Avg. Annual Appreciation
4.84%
Original Mortgage
$326,340
Outstanding Balance
$304,907
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$72,929

Purchase Details

Listed on
Jul 26, 2019
Closed on
Oct 15, 2019
Sold by
Ravo Matthew T and Ravo Dana Kaminski
Bought by
Robitaille Ty Michael and Robitaille Yurinay
Seller's Agent
Christy Bogle
Larry McGuire Realty
Buyer's Agent
Billie Jean Snuggs
Century 21 Russ Hollins, Realtors
List Price
$234,900
Sold Price
$228,000
Premium/Discount to List
-$6,900
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.42%
Original Mortgage
$223,870
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 21, 2017
Closed on
Oct 20, 2017
Sold by
Kowalski Michael W and Kowalski Pamela G
Bought by
Ravo Matthew Thomas and Kaminski Dana Genevieve
Seller's Agent
Karmen Smith
Carolina Choice Realty
Buyer's Agent
Cindy Laton
Century 21 Russ Hollins, Realtors
List Price
$220,900
Sold Price
$198,000
Premium/Discount to List
-$22,900
-10.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%

Purchase Details

Closed on
Apr 14, 2005
Sold by
Palmer Larry W
Bought by
Kowalski Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
10.65%
Mortgage Type
Adjustable Rate Mortgage/ARM
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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Purchase History

Date Buyer Sale Price Title Company
Musser Michael Paul $315,000 Atlantic Carolinas Title
Robitaille Ty Michael $228,000 None Available
Ravo Matthew Thomas $198,000 Attorney
Kowalski Michael W $155,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Musser Michael Paul $326,340
Previous Owner Robitaille Ty Michael $223,870
Previous Owner Kowalski Michael W $108,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2022 03/11/22 Sold $315,000 0.0% $109 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $315,000 +38.2% $109 / Sq Ft
10/16/2019 10/16/19 Sold $228,000 -2.9% $81 / Sq Ft View Prior Sale
08/15/2019 08/15/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $234,900 +18.6% $83 / Sq Ft
10/20/2017 10/20/17 Sold $198,000 -10.4% $83 / Sq Ft View Prior Sale
09/04/2017 09/04/17 Pending -- -- --
04/21/2017 04/21/17 For Sale $220,900 -- $92 / 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 $1,805 $307,155 $43,345 $263,810
2024 $1,486 $216,095 $24,635 $191,460
2023 $1,176 $216,095 $24,635 $191,460
2022 $1,486 $216,095 $24,635 $191,460
2021 $1,486 $216,095 $24,635 $191,460
2020 $1,373 $185,473 $21,850 $163,623
2019 $1,140 $152,471 $21,850 $130,621
2018 $1,140 $152,471 $21,850 $130,621
2017 $1,140 $152,471 $21,850 $130,621
2016 $1,097 $146,816 $19,457 $127,359
2015 $1,109 $146,816 $19,457 $127,359
2014 $1,063 $146,816 $19,457 $127,359
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3825944

Canopy MLS (Canopy Realtor® Association)

APN: 6651-03-31-5978