NOT LISTED FOR SALE

42 Kings Ln Newland, NC 28657

Estimated Value: $194,000 - $281,000

3 Beds
1 Bath
838 Sq Ft
$291/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $267,500 $319 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,317/month

51 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • Covered Patio or Porch
  • Wooded Lot
  • Farmhouse Style Home
  • Laundry Room

About This Home

As of December 2023

Bordered on one side by Roaring Creek, this old family farm is over 8 acres, has 2 streams (1 with trout) and a charming 3br 1ba farmhouse. Whether you revive the farm, log the mature timber or develop the mountain top with long range views, the bridges have steel I-beams, wooden decks and a capacity rating over 100k lbs. The freshly painted home has a new metal roof and modern bath but still has the original oak and chestnut hardwood floors in the living room and bedrooms. Unseen upgrades include pex plumbing, new piers and vapor barrier. All new landscaping embraces the house incorporating stone and rock from the property to create one-of-a-kind rock gardens, stone walls and fire pit. Schedule an appointment to see this hidden gem today!

Last Agent to Sell the Property

Kelly Peterson

RE/MAX RESULTS Brokerage Email: kjpeterson@properrealty.net License #303497 Listed on: 09/09/2023

RE/MAX RESULTS

Last Buyer's Agent

Kelly Peterson

RE/MAX RESULTS Brokerage Email: kjpeterson@properrealty.net License #303497 Listed on: 09/09/2023

RE/MAX RESULTS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $451

Year Built

  • Built in 1942

Lot Details

  • 8.34

Parking

  • Shared Driveway

Home Design

  • Farmhouse Style Home
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 838 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Mountain Views
  • Crawl Space
  • Storm Doors

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Access to stream, creek or river
  • Covered Patio or Porch
  • Fire Pit
  • Outbuilding

Utilities

  • Wall Furnace
  • Heating System Uses Propane
  • Propane
  • Spring water is a source of water for the property
  • Septic Tank

Additional Features

  • More Than Two Accessible Exits
  • Wooded Lot

Listing and Financial Details

  • Assessor Parcel Number 18060032549600000

Home Details

Home Type

Single Family

Est. Annual Taxes

$451

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Farmhouse
  • Year Built: 1942
  • Restrictions: No Restrictions
  • Road Surface Type: Dirt, Gravel
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 319.21
  • Property Sub Type Additional: None
  • Geocode Confidence: High
  • Attribution Contact: kjpeterson@properrealty.net
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space, Pillar/Post/Pier
  • Fireplace: No
  • Flooring: Linoleum, Wood
  • Interior Amenities: Attic Other
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 838
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Refrigerator
  • Above Grade Finished Sq Ft: 838
  • Accessibility Features: Two or More Access Exits
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Living Area: 838
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3
  • Room Count: 1

Exterior Features

  • Exterior Features: Fire Pit
  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • View: Mountain(s)
  • Waterfront Elevation: 3500
  • Construction Type: Vinyl
  • Other Structures: Outbuilding
  • Patio And Porch Features: Covered, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway, Shared Driveway

Utilities

  • Heating: Propane, Wall Furnace
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup
  • Cooling: None
  • Utilities: Electricity Connected, Propane
  • Water Source: Spring, Other - See Remarks

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Creek/Stream, Wooded, Views
  • Lot Size Area: 8.34
  • Lot Size Units: Acres
  • Parcel Number: 18060032549600000
  • Horse Amenities: None
  • ResoLotSizeUnits: Acres
  • Zoning Specification: none

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2023
Closed on
Dec 28, 2023
Sold by
Pitts Sharon King and Pitts Darrell
Bought by
Defalco Land Development Llc
Seller's Agent
Kelly Peterson
RE/MAX RESULTS
Buyer's Agent
Kelly Peterson
RE/MAX RESULTS
List Price
$299,300
Sold Price
$267,500
Premium/Discount to List
-$31,800
-10.62%
Views
351
Current Estimated Value
$244,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,490
Avg. Annual Appreciation
-5.01%
Original Mortgage
$180,817
Interest Rate
7.44%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Defalco Land Development Llc $267,500 None Listed On Document
Defalco Land Development Llc $267,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Defalco Land Development Llc $180,817
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/29/2023 12/29/23 Sold $267,500 -10.6% $319 / Sq Ft
09/09/2023 09/09/23 For Sale $299,300 +698.1% $357 / Sq Ft
11/08/2018 11/08/18 Sold $37,500 0.0% -- View Prior Sale
10/09/2018 10/09/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $37,500 -- --
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 $451 $83,300 $25,100 $58,200
2023 $390 $94,100 $54,600 $39,500
2022 $390 $94,100 $54,600 $39,500
2021 $256 $43,200 $22,100 $21,100
2020 $257 $43,200 $22,100 $21,100
2019 $260 $43,200 $22,100 $21,100
2018 $238 $43,200 $22,100 $21,100
2017 $220 $40,000 $0 $0
2016 $179 $40,000 $0 $0
2015 -- $40,000 $22,100 $17,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4067660

Canopy MLS (Canopy Realtor® Association)

APN: 1806-00-32-5496-00000