NOT LISTED FOR SALE

406 Gum Springs Church Rd Moncure, NC 27559

Estimated Value: $881,000 - $1,440,000

3 Beds
2.5 Baths
3,042 Sq Ft
$412/Sq Ft Est. Value

Last Sold June 05, 2024

Last sale price $1,438,000 $473 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $7,187/month

72 Days on Market

Highlights

  • Greenhouse
  • View of Trees or Woods
  • Deck
  • Above Ground Spa
  • 24.32 Acre Lot
  • Private Lot

About This Home

As of June 2024

Welcome to the perfect property for the outdoor enthusiast! 24 acres of of rolling woods with beautiful trails throughout. Take a moment to unwind on the expansive deck while listening to the wildlife that surrounds you. If you are a hunter, it is a dream. If you just like to enjoy nature and privacy, this is it! The 2018 built home is in great condition with expansive decks, high-end finishes of granite, SS appliances, tile, and rustic details throughout. Close proximity to 2 boat ramps! The home's safe room, new carpet, and Reverse Osmosis water system are just a few of the appealing additional features of this beautiful custom home. Truly no detail was forgotten inside and out! The detached garage is amazing with space for a gym, workshop, and plenty of storage. Upstairs you will find additional space ready to be finished into a 2 bedroom, 1 bath living area totaling 2708 of endless possibilities! Take a look at all that this beautiful acreage home can give you, this one will not last long! Please see documents for additional features!

Last Agent to Sell the Property

Melanie Thompson

Absolute Realty Company, LLC License #289059 Listed on: 01/06/2024

Last Buyer's Agent

Nars Chinthapatla

NARS REALTY LLC License #311387

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,557

Year Built

  • Built in 2018

Lot Details

  • 24.32 Acre Lot
  • Property fronts a county road
  • Brush Vegetation
  • Private Lot
  • Secluded Lot
  • Cleared Lot
  • Wooded Lot
  • Many Trees
  • Garden
  • Back Yard

Parking

  • 5 Car Attached Garage
  • Gravel Driveway

Home Design

  • Transitional Architecture
  • Farmhouse Style Home
  • Brick or Stone Mason
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Bookcases
  • Tray Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Home Office
  • Recreation Room
  • Storage
  • Views of Woods

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Primary bathroom on main floor
  • Double Vanity
  • Separate Shower in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Outdoor Features

  • Above Ground Spa
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Greenhouse
  • Separate Outdoor Workshop

Schools

  • Moncure Elementary And Middle School
  • Northwood High School

Horse Facilities and Amenities

  • Grass Field

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Propane
  • Well
  • Water Purifier
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0092495 and 0011172

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,557

Year Built

Built in 2018

Lot Details

0

Parking

5

Listing Details

  • Year Built: 2018
  • Prop. Type: Residential
  • Horses: No
  • Road Frontage Type: County Road
  • Road Surface Type: Asphalt
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1892.0
  • Architectural Style: Farmhouse, Transitional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Effective Year Built: 2018
  • General Property Information Above Grade Unfinished Area: 2708.0
  • General Property Information Below Grade Unfinished Area: 113.0
  • General Property Information Total Unfinished Area2: 2821.0
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Laundry Features Laundry Room: Yes
  • Structure Type Site Built: Yes
  • Architectural Style Farm House: Yes
  • Cooling:Electric: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Interior Features Separate Shower: Yes
  • Levels Two: Yes
  • Lot Features Hardwood Trees: Yes
  • Lot Features Partially Cleared: Yes
  • Water Source Well: Yes
  • Room Types Bedroom 2 Level: Basement
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Main
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Room Types Breakfast Room: Yes
  • General Property Information Senior Community YN: No
  • Flooring Laminate: Yes
  • Other Structures Workshop: Yes
  • Room Types Recreation Room3: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Horse YN2: No
  • Vegetation Wooded2: Yes
  • Roof:Shingle: Yes
  • General Property Information Spa YN: Yes
  • General Property Information Above Grade Finished Area: 1892.0
  • General Property Information Below Grade Finished Area: 1150.0
  • General Property Information Main Level Bedrooms: 1
  • Room Types Primary Bathroom Level: Main
  • Utilities Electricity Connected: Yes
  • Utilities Propane3: Yes
  • Room Types Laundry2: Yes
  • Vegetation Grassed: Yes
  • View TreesWoods: Yes
  • Vegetation Brush: Yes
  • Road Frontage Type County Road: Yes
  • General Property Information Lot Size Square Feet2: 1059379.2
  • Other Structures Greenhouse: Yes
  • General Property Information Lot Size Acres: 24.32
  • Foundation Details Concrete Perimeter: Yes
  • Spa Features Above Ground2: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Entrance Foyer, Granite Counters, Kitchen Island, Pantry, Separate Shower, Storage, Tray Ceiling(s), Walk-In Closet(s), Walk-In Shower
  • Basement: Exterior Entry, Finished, Walk-Out Access
  • Spa Features: Above Ground
  • Private Spa: Yes
  • Appliances: Dishwasher, Dryer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Washer, Water Purifier
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1150.0
  • Fireplace Features: Family Room, Gas
  • Fireplaces: 1
  • Main Level Bedrooms: 1
  • Total Bedrooms: 12
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Storage3: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Basement:Exterior Entry: Yes
  • Fireplace Features:Gas4: Yes
  • Interior Features:Bookcases: Yes
  • Basement Finished: Yes
  • Appliances:Water Purifier: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:Built-in Features: Yes
  • Interior Features:Kitchen Island: Yes
  • Basement:Walk-Out Access: Yes
  • Appliances:Gas Oven: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: Balcony, Garden
  • Acres: 24.32
  • Disclosures: Seller Disclosure
  • Home Warranty: No
  • Construction Type: Concrete, Stone, Vinyl Siding
  • Foundation Details: Concrete, Concrete Perimeter
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Stone: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Garden2: Yes
  • Lot Features:Secluded: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Back Yard2: Yes
  • Lot Features:Many Trees: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Private2: Yes
  • Exterior Features:Garden: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Construction Materials:Concrete2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 5.0
  • Open Parking: No
  • Parking Features: Garage, Gravel
  • Total Parking Spaces: 5.0
  • Parking Features:Garage: Yes
  • Parking Features:Gravel: Yes
  • General Property Information:Garage Spaces: 5.0
  • Other Structures:Garage(s): Yes
  • Other Structures:Second Garage: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 5.0
  • General Property Information:Open Parking YN2: No

Utilities

  • Utilities: Electricity Connected, Propane
  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air, Electric, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Chatham - Northwood
  • Middle Or Junior School: Chatham - Moncure

Lot Info

  • Lot Size Sq Ft: 1059379.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 0092495 and 0011172

Tax Info

  • Tax Annual Amount: 4557.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Chatham - Moncure

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2024
Closed on
Jun 24, 2024
Sold by
Pothuganti Satheesh and Manchikanti Sharada
Bought by
Svrr Llc and Pagedemarry
Seller's Agent
Melanie Thompson
Absolute Realty Company, LLC
Buyer's Agent
Nars Chinthapatla
NARS REALTY LLC
List Price
$1,499,000
Sold Price
$1,438,000
Premium/Discount to List
-$61,000
-4.07%
Views
88
Current Estimated Value
$1,253,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$185,000
Avg. Annual Appreciation
-11.02%
Original Mortgage
$1,006,600
Outstanding Balance
$748,283
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$493,050

Purchase Details

Listed on
Jan 6, 2024
Closed on
Jun 3, 2024
Sold by
Nixon David Zachary and Nixon Julie Dawn
Bought by
Pothuganti Satheesh and Manchikanti Sharada
Seller's Agent
Melanie Thompson
Absolute Realty Company, LLC
Buyer's Agent
Nars Chinthapatla
NARS REALTY LLC
List Price
$1,499,000
Sold Price
$1,438,000
Premium/Discount to List
-$61,000
-4.07%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,006,600
Outstanding Balance
$748,283
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$493,050
Source: Public Records

Range of Values:

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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
Svrr Llc -- None Listed On Document
Pothuganti Satheesh $1,438,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pothuganti Satheesh $1,006,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2024 06/05/24 Sold $1,438,000 -4.1% $473 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
01/06/2024 01/06/24 For Sale $1,499,000 -- $493 / Sq Ft
Source: Doorify 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
2024 $4,949 $537,476 $36,500 $500,976
2023 $4,949 $537,480 $36,504 $500,976
2022 $4,602 $557,876 $56,900 $500,976
2021 $4,602 $557,876 $56,900 $500,976
2020 $3,023 $358,922 $47,250 $311,672
2019 $2,978 $358,922 $47,250 $311,672
2018 $2,235 $296,720 $47,250 $249,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10004825

Doorify MLS

APN: 0092495