NOT LISTED FOR SALE

405 W 4th Ave Lexington, NC 27292

Estimated Value: $287,000 - $494,000

3 Beds
2 Baths
3,200 Sq Ft
$122/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $130,000 $41 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $2,283/month

36 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • No HOA
  • Traditional Architecture
  • Attic
  • Forced Air Heating and Cooling System

About This Home

As of November 2021

Large brick home that has a lot of potential with some TLC. Convient to shopping, restaurants, etc. Great investment opportunity. Home being sold "AS IS"

Last Agent to Sell the Property

Scott David

The Market Makers Group LLC License #199291 Listed on: 09/16/2021

Last Buyer's Agent

Marshall Morgan

Keller Williams Realty License #206974

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,887

Year Built

  • Built in 1952

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 100 x 120 x 90.8 x 120.7
  • Sloped Lot
  • Cleared Lot
  • Property is zoned TN

Parking

  • 1 Car Garage
  • Basement Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,956 Sq Ft Home
  • 2,600-3,200 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • 2 Fireplaces
  • Wood Flooring
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Schools

  • Lexington City Middle School
  • Lexington City High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Oak Crest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11109000A0007000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,887

Year Built

Built in 1952

Lot Details

0.26 Acres

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Lot Size: 100 x 120 x 90.8 x 120.7
  • Subdivision Name: Oak Crest
  • Directions: GPS 405 W 4th Ave Lexington, NC
  • Above Grade Finished Sq Ft: 2956
  • Architectural Style: Traditional
  • Unit Levels: One and One Half
  • Structure Type: House
  • Year Built: 1952
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2600 - 3200
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Flooring: Wood
  • Has Basement: Unfinished, Basement, Full
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Basement, Living Room
  • Fireplaces: 2
  • Living Area: 2956
  • Main Level Bathrooms: 1
  • Attic Description: No Access
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Lot Features: Partially Cleared, Sloped
  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Driveway, Garage, Basement
  • Garage Description: Basement Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lexington City
  • High School: Lexington City
  • Middle Or Junior School: Lexington City

Lot Info

  • Parcel #: 11109000A0007000
  • Zoning: TN
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 1887
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 0.65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Nov 16, 2021
Sold by
Gw Property Solutions Llc
Bought by
Sabir Mohammad and Khan Mohammad B
Seller's Agent
Scott David
The Market Makers Group LLC
Buyer's Agent
Marshall Morgan
Keller Williams Realty
Sold Price
$130,000
Current Estimated Value
$389,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,205
Avg. Annual Appreciation
28.75%
Original Mortgage
$123,500
Outstanding Balance
$112,960
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$276,245

Purchase Details

Closed on
Jul 18, 2021
Sold by
Arthur Robert J and Arthur Angela Renae
Bought by
Gw Property Solutions Llc

Purchase Details

Listed on
Feb 18, 2015
Closed on
Jun 4, 2015
Sold by
Smith Pattie S and Smith John
Bought by
Arthur Robert James
Seller's Agent
Thomas Foust
Leonard Craver Realty Inc
Buyer's Agent
Jeff Moorefield
Leonard Craver Realty Inc
List Price
$129,900
Sold Price
$110,000
Premium/Discount to List
-$19,900
-15.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%
Original Mortgage
$108,007
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 18, 2015
Closed on
May 13, 2015
Sold by
Dinwiddie Sybil J
Bought by
Smith Pattie S
Seller's Agent
Thomas Foust
Leonard Craver Realty Inc
Buyer's Agent
Jeff Moorefield
Leonard Craver Realty Inc
List Price
$129,900
Sold Price
$110,000
Premium/Discount to List
-$19,900
-15.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,007
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 21, 2014
Sold by
Kearns Edward A
Bought by
Smith Pattie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
4.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2010
Sold by
Dinwiddie Sybil Johnson
Bought by
Kearns Edward A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sabir Mohammad $130,000 Mark L Mcguire Pa
Gw Property Solutions Llc $112,000 None Available
Arthur Robert James $110,000 None Available
Smith Pattie S -- None Available
Smith Pattie S $89,000 None Available
Kearns Edward A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sabir Mohammad $123,500
Previous Owner Arthur Robert James $108,007
Previous Owner Smith Pattie S $86,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2021 11/16/21 Sold $130,000 +18.2% $50 / Sq Ft
06/05/2015 06/05/15 Sold $110,000 -15.3% $41 / Sq Ft View Prior Sale
04/06/2015 04/06/15 Pending -- -- --
02/18/2015 02/18/15 For Sale $129,900 -- $48 / Sq Ft
Source: Triad MLS

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 $3,099 $238,340 $0 $0
2024 $1,996 $153,500 $0 $0
2023 $1,996 $153,500 $0 $0
2022 $1,887 $145,170 $0 $0
2021 $1,887 $145,170 $0 $0
2020 $1,478 $114,520 $0 $0
2019 $1,500 $114,520 $0 $0
2018 $1,500 $114,520 $0 $0
2017 $1,500 $114,520 $0 $0
2016 $1,500 $114,520 $0 $0
2015 -- $114,520 $0 $0
2014 $1,556 $123,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1042514

Triad MLS

APN: 11-109-0-00A-0007-0-0-0

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