NOT LISTED FOR SALE

425 Michael Rd Lexington, NC 27295

Estimated Value: $49,338

3 Acres
$16,446 Price per Acre
130,680 Sq Ft Lot

Last Sold April 09, 2024

Last sale price $47,500

Est. 4% increase in value since last sale

Current estimated payment $287/month

122 Days on Market

About This Lot

As of April 2024

BACK ON THE MARKET!!! No fault of seller. Beautiful 3 acre tract located in Davidson County. Perfect area for building your dream home. Close proximity to major highways for work, pleasure and dining. Zoned RA2, which allows for manufactured singles, doublewides, modulars or stick-built homes. Permit has expired but was successfully perked for a 4 bedroom home in 2015 (See attachment).

Last Agent to Sell the Property

Tina Lanier

Uwharrie Real Estate License #335816 Listed on: 10/19/2023

Last Buyer's Agent

Jonathan Solis

Keller Williams Realty License #346833

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $254

Lot Details

  • 3 Acre Lot
  • Lot Dimensions are 324 x 373 x 325 x 395
  • Property is zoned RA2

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1803300000023000

Property Details

Property Type

Land

Est. Annual Taxes

$254

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Land
  • Lot Size Acres: 3
  • Lot Size: 324 x 373 x 325 x 395
  • Road Frontage Type: 2-Lane
  • Directions: From I85, north, take Belmont Road exit, turn left at ramp to Old Salisbury Road (SR 1147) turn right onto Old Salisbury Road (SR 1147), turn left onto Michael Road, to 425 Michael Road, property on left.
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_CityLimitsYN: No
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 1803300000023000
  • Zoning: RA2
  • TRIADMLS_PricePerAcre: 15833.3333
  • TRIADMLS_DeedPage: 0245
  • TRIADMLS_DeedBook: 2182
  • TRIADMLS_AcresRange: 3 - 3

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Tax Info

  • Tax Annual Amount: 254
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2023
Closed on
Apr 8, 2024
Sold by
Bautista Eric
Bought by
Galvan Liliana Jasmin and Arreola Gregorio Loa
Seller's Agent
Tina Lanier
Uwharrie Real Estate
Buyer's Agent
Jonathan Solis
Keller Williams Realty
List Price
$80,000
Sold Price
$47,500
Premium/Discount to List
-$32,500
-40.62%
Views
106
Current Estimated Value
$49,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,838
Avg. Annual Appreciation
2.71%
Original Mortgage
$33,750
Outstanding Balance
$31,743
Interest Rate
6.29%
Mortgage Type
New Conventional
Estimated Equity
$17,595

Purchase Details

Closed on
Apr 16, 2015
Sold by
Ashley Barbara W and Ashley Swiney
Bought by
Bautista Eric

Purchase Details

Closed on
Feb 11, 2010
Sold by
Wood Bobby D and Wood Barbara W
Bought by
Wood Bonnie Ruth and Swiney Ashley Jean

Purchase Details

Closed on
Jan 1, 1981
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
Galvan Liliana Jasmin $47,500 None Listed On Document
Galvan Liliana Jasmin $47,500 None Listed On Document
Bautista Eric $9,000 Attorney
Wood Bonnie Ruth -- None Available
-- $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galvan Liliana Jasmin $33,750
Closed Galvan Liliana Jasmin $33,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Sold $47,500 -34.5% --
02/19/2024 02/19/24 Pending -- -- --
02/06/2024 02/06/24 Price Changed $72,500 -3.3% --
11/01/2023 11/01/23 Price Changed $75,000 -6.3% --
10/19/2023 10/19/23 For Sale $80,000 -- --
Source: Triad 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
2025 $254 $41,520 $0 $0
2024 $254 $41,520 $0 $0
2023 $257 $41,520 $0 $0
2022 $254 $41,520 $0 $0
2021 $254 $41,520 $0 $0
2020 $188 $30,720 $0 $0
2019 $190 $30,720 $0 $0
2018 $190 $30,720 $0 $0
2017 $190 $30,720 $0 $0
2016 $190 $30,720 $0 $0
2015 $190 $30,720 $0 $0
2014 -- $45,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tina Lanier

    Seller's Agent in 2024

    Tina Lanier

    Uwharrie Real Estate

    (336) 250-2500

    3 in this area

    43 Total Sales

    Tina Lanier
    Section Image

  • J

    Buyer's Agent in 2024

    Jonathan Solis

    Keller Williams Realty

    2 in this area

    22 Total Sales

    Jonathan Solis
    Section Image
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Map

Source: Triad MLS

MLS Number: 1122518

Triad MLS

APN: 18-033-0-000-0023-0-0-0

North Carolina Davidson County Lexington 27295

425 Michael Rd, Lexington, NC

This home is located at 425 Michael Rd, Lexington, NC 27295 since 19 October 2023 and is currently estimated at $49,338. 425 Michael Rd is a home located in Davidson County with nearby schools including Tyro Elementary School, Tyro Middle School, and West Davidson High School.

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