NOT LISTED FOR SALE

404 Inverness Ln Salisbury, NC 28146

Estimated Value: $343,000 - $411,000

3 Beds
2.5 Baths
2,890 Sq Ft
$129/Sq Ft Est. Value

Last Sold February 26, 2018

Last sale price $169,000 $58 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $2,303/month

72 Days on Market

Highlights

  • Traditional Architecture
  • Attached Garage
  • Vinyl Flooring

About This Home

As of February 2018

Beautiful 3 bedroom, 2.5 bath home located in the Drummond Village Subdivision in Salisbury, NC. Laundry room and large great room on the second floor. Each bedroom has a walk in closet with the master having an over sized walk in closet. The home also includes a spacious two car garage with overhead storage and a large fenced in backyard.

Last Agent to Sell the Property

Lauren Pierce

I Save Realty License #84274 Listed on: 11/21/2017

Last Buyer's Agent

Paula Purvis

RE/MAX Executive License #298832

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 0.32

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Additional Features

  • Oven
  • Vinyl Flooring
  • Heating System Uses Natural Gas

Community Details

  • Drummond Village Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 065H141

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.99412
  • Ratio Close Price By Original Li: 0.99412
  • Ratio Current Price By Acre: 528125.00
  • Ratio Current Price By Sq Ft: 58.48
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1624
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), CO Detector, Cable Prewire, Cooktop Electric, Disposal, Dishwasher, Electric Dryer Hookup, Electric Range, Exhaust Fan, Ice Maker Connection, Microwave, Oven, Refrigerator, Self Cleaning Oven, Security System, Electric Oven
  • Flooring: Carpet, Vinyl
  • Laundry Location: Upper
  • Room Count: 2
  • Main Level Sq Ft: 1266
  • Total Sq Ft: 2890
  • Sq Ft Unheated Main: 380
  • Sq Ft Unheated Total: 380

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car, Garage Door Opener, Keypad Entry

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Gas Water Heater, Multizone A/C, MultiZone Heat, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 150.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Drummond Village Home Owners Association
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 56x169x101x193
  • Lot Size Area: 0.320
  • Parcel Number: 065H141
  • Zoning Specification: RES

Tax Info

  • Tax Value: 154020.00
  • Tax Location: Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2017
Closed on
Feb 16, 2018
Sold by
Mullinax Pbilip W and Mullinax Limary S
Bought by
Vang Pheng and Saemua Netpreeya
Seller's Agent
Lauren Pierce
I Save Realty
Buyer's Agent
Paula Purvis
RE/MAX Executive
List Price
$170,000
Sold Price
$169,000
Premium/Discount to List
-$1,000
-0.59%
Current Estimated Value
$372,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,180
Avg. Annual Appreciation
10.93%
Original Mortgage
$164,957
Outstanding Balance
$143,863
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$228,317

Purchase Details

Closed on
Dec 6, 2007
Sold by
C P Morgan Communities Of Charlotte Llc
Bought by
Mullinax Philip W and Mullinax Limary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,365
Interest Rate
6.29%
Mortgage Type
VA

Purchase Details

Closed on
Apr 4, 2007
Sold by
Pilot Developers Llc
Bought by
Cp Morgan Communities Of Charlotte Llc
Source: Public Records

Range of Values:

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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
Vang Pheng $169,000 None Available
Mullinax Philip W $181,500 None Available
Cp Morgan Communities Of Charlotte Llc $390,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vang Pheng $164,957
Previous Owner Mullinax Philip W $181,365
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2018 02/26/18 Sold $169,000 -0.6% $58 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
11/21/2017 11/21/17 For Sale $170,000 -- $59 / 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 $3,711 $310,287 $32,500 $277,787
2024 $3,711 $310,287 $32,500 $277,787
2023 $3,711 $310,287 $32,500 $277,787
2022 $2,371 $172,165 $25,000 $147,165
2021 $2,371 $172,165 $25,000 $147,165
2020 $2,371 $172,165 $25,000 $147,165
2019 $2,371 $172,165 $25,000 $147,165
2018 $2,093 $154,020 $25,000 $129,020
2017 $2,082 $154,020 $25,000 $129,020
2016 $2,025 $154,020 $25,000 $129,020
2015 $2,037 $154,020 $25,000 $129,020
2014 $2,113 $161,667 $28,500 $133,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3338772

Canopy MLS (Canopy Realtor® Association)

APN: 065-H141