NOT LISTED FOR SALE

405 Mimosa Ave Morganton, NC 28655

Estimated Value: $294,000 - $328,601

4 Beds
3 Baths
2,626 Sq Ft
$119/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $245,000 $93 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,781/month

2 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Front Porch
  • Heritage Middle School Rated A-
  • Whirlpool Bathtub
  • Built-In Features

About This Home

As of March 2022

Spacious brick home with 4 beds/3 baths with an in-law suite in basement. The main level offers a large living room with a wood-burning fireplace and an open concept kitchen/dining. All 3 bedrooms on the main are spacious with ample closet space. Find 2 full baths on the main with one having an updated custom tiled shower. Downstairs note the master bedroom with a private full bath, 3 closets, and another walk-in closet inside the bathroom. The downstairs was previously used as a second living area having a separate entry along with a living room and full eat-in kitchen. Enjoy tons of workshop and storage space in the unfinished area of the basement. This home has replacement windows, plumbing updates and seller believes the roof to be around 10 years old. Electric baseboard heat in basement and central heat/air on the main. Outside enjoy the huge covered back deck along with an up-covered area. This property consists of 2 parcels giving over an acre of land in town. Being sold as-is.

Last Agent to Sell the Property

Christie Leonard

WNC Real Estate at Lake James Listed on: 01/25/2022

Last Buyer's Agent

Angelia Peterson

Asheworth Group WNC Real Estate LLC License #286024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • Lot Dimensions are 240x100x267x100
  • Sloped Lot
  • Cleared Lot
  • Property is zoned R-12, R-12

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Built-In Features
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Outdoor Features

  • Deck
  • Patio
  • Outbuilding
  • Front Porch

Schools

  • Drexel Elementary School
  • Heritage Middle School
  • Jimmy C Draughn High School

Utilities

  • Central Heating
  • Vented Exhaust Fan
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2723798701, 2723797652

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1959
  • Ratio Current Price By Acre: 224770.64
  • Restrictions: Other - See Media/Remarks
  • Road Surface Type: Concrete
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Brick/Mortar
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum, Tile
  • Interior Amenities: Basement Shop, Breakfast Bar, Built Ins, Cable Available, Walk-In Closet(s), Whirlpool, Window Treatments
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1512
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 398
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 398
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Deck,Front,Patio
  • Appliances: Ceiling Fan(s), Electric Cooktop, Dishwasher, Electric Range, Exhaust Fan, Microwave
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1114
  • Fireplace Features: Wood Burning
  • Living Area: 2626
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Exterior Features: Outbuilding(s)
  • New Construction: No
  • Roof: Fiberglass
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 1 Car, Driveway

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: In Basement
  • Water Source: Public

Schools

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

Lot Info

  • Lot Features: Cleared, Sloped
  • Lot Size Units: Acres
  • Parcel Number: 2723798701, 2723797652
  • Lot Size: 240x100x267x100
  • Zoning Description: R-12

Tax Info

  • RATIO List Price By Tax Amount: 1.52186

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Drexel
  • High School: Jimmy C Draughn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2022
Closed on
Mar 9, 2022
Sold by
Shull Gregory M
Bought by
Anderson Sarah E
Seller's Agent
Christie Leonard
WNC Real Estate at Lake James
Buyer's Agent
Angelia Peterson
Asheworth Group WNC Real Estate LLC
List Price
$224,900
Sold Price
$245,000
Premium/Discount to List
$20,100
8.94%
Current Estimated Value
$313,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,650
Avg. Annual Appreciation
6.63%

Purchase Details

Closed on
Jul 16, 2021
Sold by
Shull Merlin B and Revoca Evelyn
Bought by
Shull Gregory M

Purchase Details

Closed on
Jun 30, 2010
Sold by
Shull Merlin B and Shull Evelyn C
Bought by
The Merlin B Shull & Evelyn C Shull Revo
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Anderson Sarah E $240,000 None Listed On Document
Shull Gregory M -- None Listed On Document
The Merlin B Shull & Evelyn C Shull Revo -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2022 03/10/22 Sold $245,000 +8.9% $93 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $224,900 -- $86 / 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 $1,691 $221,106 $22,570 $198,536
2024 $1,079 $221,106 $22,570 $198,536
2023 $1,074 $221,106 $22,570 $198,536
2022 $987 $130,197 $18,160 $112,037
2021 $981 $130,197 $18,160 $112,037
2020 $977 $130,197 $18,160 $112,037
2019 $977 $130,197 $18,160 $112,037
2018 $868 $114,463 $18,160 $96,303
2017 $866 $114,463 $18,160 $96,303
2016 $843 $114,463 $18,160 $96,303
2015 $840 $114,463 $18,160 $96,303
2014 $839 $114,463 $18,160 $96,303
2013 $839 $114,463 $18,160 $96,303
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3773106

Canopy MLS (Canopy Realtor® Association)

APN: 26794