NOT LISTED FOR SALE

40390 Merestead Way New London, NC 28127

Estimated Value: $319,054 - $417,000

3 Beds
2 Baths
2,058 Sq Ft
$180/Sq Ft Est. Value

Last Sold February 21, 2013

Last sale price $111,000 $54 Per Sq Ft

Est. 234% increase in value since last sale

Current estimated payment $2,089/month

21 Days on Market

Highlights

  • Attic
  • No HOA
  • Kitchen Island
  • Badin Elementary School Rated 9+
  • Porch
  • Central Air

About This Home

As of February 2013

Here is a Great home with Covered Front Porch, large island Kitchen, Laundry Room and Dining room. Master Bath offers garden tub and separate shower with his and her vanities. Full Unifnished Attic offer potential for additional square footage. Great Rural Stanly County Neighborhood with paved road frontage and quick drive to city conveniences. Home located near Badin and High Rock Lakes and Uwharrie National Forest.

Last Agent to Sell the Property

Janet Petrozelle

Oak Leaf Properties of NC License #165143 Listed on: 11/22/2012

Last Buyer's Agent

Johnny Petrozelle

Oak Leaf Properties of NC License #270386

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,257

Year Built

  • Built in 2006

Lot Details

  • 0.9 Acre Lot
  • Lot Dimensions are 240 x 167 x 32 x 92 x 158 x 163
  • Level Lot

Parking

  • No Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,058 Sq Ft Home
  • Property has 1 Level
  • Permanent Attic Stairs
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • North Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 665203101565

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,257

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.9
  • Lot Size: 240 x 167 x 32 x 92 x 158 x 163
  • Subdivision Name: North Manor
  • Directions: HWY 52 to New London, Main St to HWY 740, left on Merestead Way, Home on right.
  • Above Grade Finished Sq Ft: 2058
  • Unit Levels: One
  • Year Built: 2006
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2058
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_ElevatorYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Interior Amenities: Kitchen Island
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 2058
  • Main Level Bathrooms: 2
  • Attic Description: Floored Attic, Permanent Stairs
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Lot Features: Level
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Garage Description: None

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Main Level
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 665203101565
  • Zoning: R
  • TRIADMLS_DeedPage: 958
  • TRIADMLS_DeedBook: 1418

Tax Info

  • Tax Annual Amount: 1257.33
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2012
Closed on
Feb 20, 2013
Sold by
Secretary Of Housing & Urban Development
Bought by
Franklin Brian Daniel and Franklin Shannon Elizabeth
Seller's Agent
Janet Petrozelle
Oak Leaf Properties of NC
Buyer's Agent
Johnny Petrozelle
Oak Leaf Properties of NC
List Price
$125,000
Sold Price
$111,000
Premium/Discount to List
-$14,000
-11.2%
Current Estimated Value
$371,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,014
Avg. Annual Appreciation
10.00%
Original Mortgage
$108,989
Interest Rate
3.96%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 11, 2012
Sold by
Wells Fargo Bank N A
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Aug 30, 2012
Sold by
Henry Thomas J and Henry Brenda L
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 27, 2012
Sold by
Williams Connie S and Williams Norman E
Bought by
Henry Thomas J and Henry Brenda L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Franklin Brian Daniel -- None Available
Secretary Of Housing & Urban Development -- None Available
Wells Fargo Bank Na $183,711 None Available
Henry Thomas J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Franklin Brian Daniel $108,989
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2013 02/21/13 Sold $111,000 -11.2% $54 / Sq Ft
12/14/2012 12/14/12 Pending -- -- --
11/22/2012 11/22/12 For Sale $125,000 -- $61 / 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
2025 $1,439 $246,050 $39,008 $207,042
2024 $1,281 $187,022 $19,504 $167,518
2023 $1,378 $187,022 $19,504 $167,518
2022 $1,378 $187,022 $19,504 $167,518
2021 $1,356 $184,113 $19,504 $164,609
2020 $1,265 $159,370 $17,553 $141,817
2019 $1,272 $159,370 $17,553 $141,817
2018 $1,187 $159,370 $17,553 $141,817
2017 $1,187 $159,370 $17,553 $141,817
2016 $1,191 $159,887 $24,380 $135,507
2015 $1,324 $166,466 $24,380 $142,086
2014 $1,257 $166,466 $24,380 $142,086
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Janet Petrozelle

    Oak Leaf Properties of NC

    (336) 239-4107

    40 Total Sales

    Janet Petrozelle
    Section Image
  • Johnny Petrozelle

    Buyer's Agent in 2013

    Johnny Petrozelle

    Oak Leaf Properties of NC

    (336) 239-0658

    56 Total Sales

    Johnny Petrozelle
    Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 658482

Triad MLS

APN: 6652-03-10-1565

North Carolina Stanly County New London 28127

40390 Merestead Way, New London, NC

This home is located at 40390 Merestead Way, New London, NC 28127 since 22 November 2012 and is currently estimated at $371,014, approximately $180 per square foot. This property was built in 2006. 40390 Merestead Way is a home located in Stanly County with nearby schools including Badin Elementary School, North Stanly Middle School, and North Stanly High School.

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