NOT LISTED FOR SALE

40431 Palmerville Rd New London, NC 28127

Estimated Value: $166,000 - $211,000

2 Beds
1 Bath
832 Sq Ft
$219/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $165,500 $199 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,203/month

55 Days on Market

Highlights

  • Community Lake
  • Detached Garage
  • Laundry Room
  • Separate Outdoor Workshop
  • Breakfast Bar
  • Picnic Area

About This Home

As of October 2022

Cozy 2 BR Water View Home w/Community Boat Ramp, Heated Workshop, Covered Picnic Area, 2-Car Carport, Circle Driveway, Outbuilding. Great Weekend Get-Away for Boating and Fishing or a Starter Home! Lake View Directly Across the Street and the Community Boat Ramp is at the end of Palmerville Rd. Recent Upgrades include Laminate Flooring, Covered Front and Back Porch. Woodstove in Living Room as additional heat source and another Wood Stove in the Workshop. Fenced-in Backyard w/Wooded View. Laundry is on the back porch in enclosed area.

Last Agent to Sell the Property

Tina Gibson

Your Home Sold Guaranteed Real License #301226 Listed on: 09/01/2022

Your Home Sold Guaranteed Real

Last Buyer's Agent

Sheila St Germain

EXP Realty LLC Ballantyne License #277315

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $584

Year Built

  • Built in 1967

Lot Details

  • 0.57

Parking

  • Detached Garage

Home Design

  • Cabin
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 832 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Utilities

  • Heat Pump System
  • Septic Tank

Additional Features

  • Separate Outdoor Workshop
  • Zoning described as R-20

Community Details

  • Community Lake
  • Picnic Area

Listing and Financial Details

  • Assessor Parcel Number 6661-02-75-6462
  • Tax Block C

Home Details

Home Type

Single Family

Est. Annual Taxes

$584

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 1967
  • Ratio Current Price By Acre: 290350.88
  • Restrictions: Other - See Media/Remarks
  • Road Surface Type: Circular, Dirt, Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 198.92
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Interior Amenities: Attic Other, Breakfast Bar
  • Fixture Exception Yn: 1
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 832
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Covered,Front
  • Fixture Exception Description: Deerheads in LR
  • Appliances: Cable Prewire, Ceiling Fan(s), Electric Oven, Electric Dryer Hookup, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning Stove
  • Living Area: 832
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Workshop
  • New Construction: No
  • Roof: Metal
  • Tax Location: New London
  • Construction Type: Site Built
  • Water Body Name: Yadkin River
  • Waterfront Features: Boat Ramp – Community
  • Construction Type: Concrete

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 646
  • Parking Features: Carport - 2 Car, Detached

Utilities

  • Heating: Heat Pump, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Porch
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Lake, Picnic Area

Schools

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

Lot Info

  • Lot Features: Lake Access
  • Lot Size Area: 0.57
  • Lot Size Units: Acres
  • Parcel Number: 6661-02-75-6462
  • Plat Reference Section Pages: 1-170
  • Additional Parcels Description: 6661-02-75-6393
  • Zoning Description: R-20
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Block: C
  • RATIO List Price By Tax Amount: 2.10306

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
Sep 1, 2022
Closed on
Oct 20, 2022
Sold by
Headrick Kenneth Leon
Bought by
Locklear Fabian and Locklear Roxann
Seller's Agent
Tina Gibson
Your Home Sold Guaranteed Real
Buyer's Agent
Sheila St Germain
EXP Realty LLC Ballantyne
List Price
$189,000
Sold Price
$165,500
Premium/Discount to List
-$23,500
-12.43%
Views
46
Current Estimated Value
$210,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,256
Avg. Annual Appreciation
10.89%

Purchase Details

Listed on
Jun 13, 2018
Closed on
Nov 16, 2018
Sold by
Kelly Thomas and Thomas Kelly M
Bought by
Headrick Kenneth L
Seller's Agent
Brenda Hunter
Hunter Homes Realty
Buyer's Agent
Tina Gibson
Your Home Sold Guaranteed Real
List Price
$109,900
Sold Price
$96,900
Premium/Discount to List
-$13,000
-11.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.55%
Original Mortgage
$98,983
Interest Rate
4.7%
Mortgage Type
VA

Purchase Details

Closed on
Jan 1, 2012
Bought by
Kelly Thomas
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Locklear Fabian $165,500 None Listed On Document
Headrick Kenneth L $97,000 Investors Title
Kelly Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Headrick Kenneth L $103,734
Previous Owner Headrick Kenneth L $101,203
Previous Owner Headrick Kenneth L $98,983
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $165,500 -12.4% $199 / Sq Ft
09/01/2022 09/01/22 For Sale $189,000 +95.0% $227 / Sq Ft
11/19/2018 11/19/18 Sold $96,900 -5.9% $116 / Sq Ft
10/06/2018 10/06/18 Pending -- -- --
09/20/2018 09/20/18 Price Changed $103,000 -6.3% $124 / Sq Ft
07/28/2018 07/28/18 For Sale $109,900 0.0% $132 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
07/09/2018 07/09/18 Price Changed $109,900 -4.0% $132 / Sq Ft
06/13/2018 06/13/18 For Sale $114,500 -- $138 / 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
2024 $584 $84,652 $14,607 $70,045
2023 $681 $84,652 $14,607 $70,045
2022 $681 $84,652 $14,607 $70,045
2021 $679 $84,652 $14,607 $70,045
2020 $533 $59,708 $13,423 $46,285
2019 $36 $59,708 $13,423 $46,285
2018 $448 $59,708 $13,423 $46,285
2017 $448 $59,708 $13,423 $46,285
2016 $391 $52,163 $11,844 $40,319
2015 $466 $52,163 $11,844 $40,319
2014 -- $51,319 $11,844 $39,475
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3899600

Canopy MLS (Canopy Realtor® Association)

APN: 6661-02-75-6462