NOT LISTED FOR SALE

40717 Old Salisbury Rd Richfield, NC 28137

Estimated Value: $207,000 - $273,000

3 Beds
2 Baths
1,302 Sq Ft
$195/Sq Ft Est. Value

Sale Details

Date Sold: December 21, 2022

Last sale price $243,000 $187 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,404 / mo

43 Days on Market

Highlights

  • Barn
  • Cottage
  • Central Heating
  • Wood Flooring
  • Laundry Room
  • Ceiling Fan

About This Home

As of December 2022

Northern Stanly Co. is where you will find this delightful just over 3 acre mini farm with this well maintained 3 bedrooms, 2 baths, quaint barn at the back of the property and 2 bay garage. Large open space for a garden or whatever brings you joy! Hardwood floors with original mantel. Basis appliances included even a freezer! Established muscadine vine. Roof installed 2020. Less than 30 mins from Concord and Salisbury. No city taxes, country living yes indeed! Super easy to view!

Last Agent to Sell the Property

Mary Allen

Corcoran HM Properties License #188051 Listed on: 11/08/2022

Corcoran HM Properties

Last Buyer's Agent

Kimberly Lambert

HOMETOWN REALTY PROS LLC License #320263

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Lot Details

  • Level Lot
  • Zoning described as R A

Home Design

  • Cottage
  • Asbestos

Interior Spaces

  • Ceiling Fan
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Freezer

Flooring

  • Wood
  • Parquet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Schools

  • Richfield Elementary School
  • North Stanly Middle School
  • North Stanly High School

Farming

  • Barn

Utilities

  • Central Heating
  • Heating System Uses Oil
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 6621-02-78-4378

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

3.02 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1952
  • Ratio Current Price By Acre: 80463.58
  • Restrictions: N/A
  • Road Surface Type: Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 186.64
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Parquet, Vinyl, Wood
  • Interior Amenities: Attic Stairs Pulldown
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1302
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 90
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 90
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Ceiling Fan(s), Dryer, Electric Oven, Electric Dryer Hookup, Electric Range, Freezer, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1302
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Barn(s)
  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Asbestos

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 2 Car

Utilities

  • Heating: Central, Oil
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Laundry Room
  • Water Source: Well

Schools

  • Middle Or Junior School: North Stanly
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Sloped
  • Lot Size Units: Acres
  • Parcel Number: 6621-02-78-4378
  • Zoning Description: R A
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 3.13181

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Richfield
  • High School: North Stanly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Dec 21, 2022
Sold by
Smith James F and Smith Linda S
Bought by
Lee Brandon J
Seller's Agent
Mary Allen
Corcoran HM Properties
Buyer's Agent
Kimberly Lambert
HOMETOWN REALTY PROS LLC
List Price
$239,900
Sold Price
$243,000
Premium/Discount to List
$3,100
1.29%
Views
52
Current Estimated Value
$254,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,312
Avg. Annual Appreciation
1.38%
Original Mortgage
$243,000
Outstanding Balance
$234,189
Interest Rate
5.9%
Mortgage Type
New Conventional
Estimated Equity
$20,123

Purchase Details

Closed on
May 31, 2017
Sold by
Lambert Ruby F
Bought by
Lambert Ruby F and Smith James F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lee Brandon J $243,000 --
Lambert Ruby F -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Brandon J $243,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2022 12/21/22 Sold $243,000 +1.3% $187 / Sq Ft
11/08/2022 11/08/22 For Sale $239,900 -- $184 / Sq Ft
Source: Canopy 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 $676 $110,757 $42,019 $68,738
2024 $544 $76,601 $23,777 $52,824
2023 $618 $76,601 $23,777 $52,824
2022 $618 $76,601 $23,777 $52,824
2021 $616 $76,601 $23,777 $52,824
2020 $573 $65,992 $21,070 $44,922
2019 $101 $65,992 $21,070 $44,922
2018 $488 $65,992 $21,070 $44,922
2017 $488 $65,992 $21,070 $44,922
2016 $429 $57,948 $18,716 $39,232
2015 $504 $57,948 $18,716 $39,232
2014 $486 $57,948 $18,716 $39,232
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 3920489

Canopy MLS

APN: 6621-02-78-4378

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