$260,000
SOLD AUG 26, 2022

403 Placid Park Lexington, NC 27295

4 Beds
2 Baths
2,000 Sq Ft
$75/mo HOA Fee

Recently Sold

$130 Per Sq Ft

2% Below List Price

48 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Central Air
  • North Davidson Middle School Rated 9+
  • 2 Car Attached Garage
  • Ceiling Fan

About This Home

As of July 2025

AWESOME OPPORTUNITY TO OWN IN THE MADISON PARK TOWNHOME COMMUNITY IN WELCOME! DESIRABLE END UNIT & 100% USDA FINANCING ELIGIBLE!!! ONE-LEVEL LIVING WITH UPPER BONUS ROOM AREA THAT CAN BE A 4TH BEDROOM. PRIMARY BEDROOM ON THE MAIN LEVEL THAT HAS VAULTED CEILINGS. PRIMARY HAS ATTACHED ON-SUITE WITH DOUBLE VANITY, GARDEN TUB, SEPARATE SHOWER, AND WALK-IN CLOSET. SPLIT BEDROOM FLOOR PLAN. LARGE OPEN FLOOR PLAN WHERE LIVING AREA HAS VAULTED CEILINGS AS WELL. BEAUTIFUL PATIO AREA AT REAR OF HOME FOR ENTERTAINING OR RELAXING! LOW HOA FEES! EXTRA PARKING AREA RIGHT NEXT DOOR! NO SIGN IN YARD!!!

Last Agent to Sell the Property

Pamela Webb

Stan Byrd & Associates License #279994 Listed on: 06/30/2022

Last Buyer's Agent

Lee McConnell

Coldwell Banker Advantage License #282725

Coldwell Banker Advantage

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,048

Year Built

  • Built in 2017

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,885 Sq Ft Home
  • 1,600-2,000 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Pull Down Stairs to Attic
  • Dryer Hookup

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower

Schools

  • North Davidson Middle School
  • North Davidson High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Porch
  • 4,356 Sq Ft Lot

Community Details

  • Madison Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11308K0000007
  • 1% Total Tax Rate

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,048

Year Built

Built in 2017

Lot Details

0

HOA Fees

$75 per month

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Lot Size: SUBJECT TO SURVEY
  • Subdivision Name: Madison Place
  • Directions: TAKE HWY 52 SOUTH TO WELCOME EXIT. TURN RIGHT ONTO OLD US HWY 52. GO APPROX. 3 MILES AND TURN ONTO HINKLE LANE. TAKE 1ST LEFT ONTO TREY LANE. TAKE 1ST LEFT INTO MADISON PARK. #403 WILL BE ALL THE WAY AT THE END ON THE LEFT.
  • Above Grade Finished Sq Ft: 1885
  • Architectural Style: Traditional
  • Unit Levels: One
  • Structure Type: Townhouse
  • Year Built: 2017
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1600 - 2000
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s), Dead Bolt(s), Soaking Tub, Pantry, Separate Shower, Vaulted Ceiling(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1885
  • Main Level Bathrooms: 2
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Slab
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway, Garage, Garage Door Opener, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 75
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Welcome
  • High School: North Davidson
  • Middle Or Junior School: North Davidson

Lot Info

  • Parcel #: 11308K0000007
  • Zoning: PDH
  • TRIADMLS_PricePerAcre: 2600000
  • TRIADMLS_DeedPage: 387
  • TRIADMLS_DeedBook: 2300
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 1047.67
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 0.9017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2025
Closed on
Jul 23, 2025
Sold by
Teachey Kimberly Best
Bought by
Johnson Gerald Edwin and Johnson Deborah Anne
Seller's Agent
Lee McConnell
Coldwell Banker Advantage
Buyer's Agent
John Beck
John Christian Luxury Real Estate
List Price
$319,900
Sold Price
$320,000
Premium/Discount to List
$100
0.03%
Views
72

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.04%
Original Mortgage
$170,000
Outstanding Balance
$170,000
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$145,559

Purchase Details

Listed on
Jun 30, 2022
Closed on
Aug 20, 2022
Sold by
Alfred Laytham Samuel and Alfred Juanita Nancy
Bought by
Teachey Kimberly Best
Seller's Agent
Pamela Webb
Stan Byrd & Associates
Buyer's Agent
Lee McConnell
Coldwell Banker Advantage
List Price
$264,900
Sold Price
$260,000
Premium/Discount to List
-$4,900
-1.85%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
Original Mortgage
$244,200
Interest Rate
5.51%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 18, 2016
Closed on
Jan 12, 2018
Sold by
Wjh Llc
Bought by
Laytham Samuel Alfred and Laytham Nancy Juanita
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$137,990
Sold Price
$130,490
Premium/Discount to List
-$7,500
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.09%
Original Mortgage
$104,392
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2016
Sold by
Mrt 1 Llc
Bought by
Wjh Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
3.52%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 4, 2012
Sold by
Leonard Ranae and Leonard Randall M
Bought by
Ranaes Properties Llc

Purchase Details

Closed on
May 3, 2011
Sold by
Branch Banking & Trust Company
Bought by
Leonard Ranae
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $320,000 None Listed On Document
Warranty Deed $260,000 --
Warranty Deed $130,000 None Available
Warranty Deed $30,000 None Available
Interfamily Deed Transfer -- None Available
Special Warranty Deed $50,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $170,000 New Conventional
Previous Owner $244,200 FHA
Previous Owner $133,150 New Conventional
Previous Owner $131,700 New Conventional
Previous Owner $104,392 New Conventional
Previous Owner $94,500 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Sold $320,000 0.0% $180 / Sq Ft
06/04/2025 06/04/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $319,900 +23.0% $180 / Sq Ft
08/26/2022 08/26/22 Sold $260,000 -1.8% $163 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $264,900 +103.0% $166 / Sq Ft
01/12/2018 01/12/18 Sold $130,490 -5.4% $82 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
10/18/2016 10/18/16 For Sale $137,990 -- $86 / Sq Ft
Source: Triad 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 $1,032 $161,180 $0 $0
2023 $1,032 $161,180 $0 $0
2022 $1,032 $161,180 $0 $0
2021 $1,032 $161,180 $0 $0
2020 $816 $127,400 $0 $0
2019 $828 $127,400 $0 $0
2018 $828 $127,400 $0 $0
2017 $163 $25,000 $0 $0
2016 $163 $25,000 $0 $0
2015 $163 $25,000 $0 $0
2014 $160 $25,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1075575

Triad MLS

APN: 11-308-K-000-0007-0-0-0