NOT LISTED FOR SALE

425 N May St Southern Pines, NC 28387

Estimated Value: $464,000 - $622,000

3 Beds
2 Baths
2,232 Sq Ft
$233/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $385,000 $172 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,956/month

6 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Sun or Florida Room
  • Pinecrest High School Rated A-
  • 1 Fireplace
  • No HOA

About This Home

As of April 2023

*Tenants in place* If you're looking for a charming property in Southern Pines, look no further than 425 N May St. This 1938 home boasts three bedrooms, two baths, a formal dining room (being utilized at the 4th bedroom), and a partially finished basement. One of the standout features of this property is the beautiful naturally lit Carolina room. This space is perfect for relaxing with a book or entertaining guests. The location is ideal being within walking distance to food, fun, and parks. it's sure to be a popular rental property for years to come. It's currently leased through 11/30/2023. Tenants are interested in keeping and extending current lease. If you're interested in seeing this property, keep in mind that tenants need 24 hour notice for showings.Photos are from prior to tenants moving in (10/2021).

Last Agent to Sell the Property

Whitney Anderson

Carolina Property Sales License #318622 Listed on: 03/27/2023

Last Buyer's Agent

Rahnelle Rosado

Carolina Property Sales License #324999

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,642

Year Built

  • Built in 1938

Lot Details

  • 2,232 Sq Ft Lot
  • Lot Dimensions are 84x100x84x100
  • Wood Fence
  • Property is zoned RS-1

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,232 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • 1 Fireplace
  • Blinds
  • Formal Dining Room
  • Sun or Florida Room
  • Storm Doors

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Floors
  • Storage In Attic

Finished Basement

  • Partial Basement
  • Laundry in Basement
  • Crawl Space

Parking

  • 1 Car Detached Garage
  • Gravel Driveway
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Open Patio

Schools

  • Crain's Creek Middle School
  • Pinecrest High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Downtown Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 00033314

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,642

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: A
  • Sub Type: Single Family Residence
  • Style: Patio
  • Cobra Zone: No
  • Construction: Brick/Stone, Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Basement, Two
  • Year Built: 1938
  • Horses Y N: No
  • LANDLEASE: Land Lease Y/N
  • Rental Information: Is Property Subject to Lease?, Is the Seller the Property Manager
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Eave Storage, Floored, Walk-In
  • Basement: Finished - Partial
  • Dining Room Type: Combination, Formal
  • Fireplace: 1
  • Flooring: LVT/LVP, Wood
  • Heated Sq Ft: 2200 - 2399
  • Interior Amenities: Basement, Blinds/Shades
  • Laundry Location: Basement, Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 176.97
  • Master Bedroom Level: N/A
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 7
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Kitchen Level: First
  • Laundry Level: Basement
  • Living Room Level: First
  • Other Level: First
  • Sunroom Level: First
  • Sq Ft Heated: 2232.00
  • Total Heated Primary Separate Sq Ft: 2232.00
  • Estimated Below Grade Sq Ft: 310.00
  • Furnished: Unfurnished

Exterior Features

  • Exterior Features: Storm Doors
  • Exterior Finish: Brick Veneer, Vinyl Siding
  • Fencing: Wood
  • Foundation: Crawl Space
  • On Site Pool Spa: None
  • Porch Balcony Deck: Open, Patio
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Detached Garage Spaces: 1.00
  • Garage And Parking Driveway Spaces: 2.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: Detached, Gravel, Off Street, Unpaved

Utilities

  • Appliances Equipment: Dishwasher, Disposal, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Forced Air, Zoned
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Sewer Connected, Water Connected
  • Water Heater: Electric
  • Internet Service Provider: Spectrum
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Condo/Co-op/Association

  • Unit Type: 3 Bedroom

Schools

  • School District: Moore County Schools

Lot Info

  • Deed Book: 5454
  • Deed Page: 325.00
  • Lot Acres: 0.19
  • Lot Dimensions: 84x100x84x100
  • Lot Number: 1
  • Lot Sq Ft: 2232.00
  • Lot Water Features: None
  • Plat Book: 9
  • Plat Page: 46-48
  • Special Assessments: None known at time of listing
  • Zoning: RS-1

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Rental Info

  • Annual Gross Rental Income Collected: 2500

Tax Info

  • Tax Identifier: 00033314
  • Tax Year: 2022
  • Total City Real Estate Property Tax: 1348.69
  • Total Real Estate Property Taxes: 2641.76

MLS Schools

  • High School: Pinecrest High
  • Middle School: Crain's Creek Middle
  • School District: Moore County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
Apr 12, 2023
Sold by
Ladd Haley
Bought by
Rosado Miguel Angel and Rosado Rahnelle Irene
Seller's Agent
Whitney Anderson
Carolina Property Sales
Buyer's Agent
Rahnelle Rosado
Carolina Property Sales
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Current Estimated Value
$520,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,777
Avg. Annual Appreciation
12.95%
Original Mortgage
$288,750
Outstanding Balance
$280,425
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$240,352

Purchase Details

Listed on
Oct 27, 2020
Closed on
Oct 14, 2020
Sold by
Wiley Joseph T and Wiley Susan R
Bought by
Ladd Haley
Seller's Agent
Nikki Bowman
Realty World Properties of the Pines
Buyer's Agent
Nikki Bowman
Realty World Properties of the Pines
Sold Price
$333,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$344,988
Interest Rate
2.8%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rosado Miguel Angel $385,000 None Listed On Document
Ladd Haley $333,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosado Miguel Angel $288,750
Previous Owner Ladd Haley $344,988
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2023 04/28/23 Sold $385,000 -2.5% $172 / Sq Ft
04/02/2023 04/02/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $395,000 0.0% $177 / Sq Ft
12/20/2021 12/20/21 Rented $2,300 0.0% --
11/28/2021 11/28/21 Under Contract -- -- --
11/18/2021 11/18/21 For Rent $2,300 0.0% --
11/16/2021 11/16/21 Under Contract -- -- --
11/14/2021 11/14/21 For Rent $2,300 0.0% --
10/27/2020 10/27/20 Sold $333,000 0.0% $148 / Sq Ft View Prior Sale
02/08/2019 02/08/19 Rented $1,500 -9.1% --
03/31/2017 03/31/17 Rented $1,650 0.0% --
03/01/2017 03/01/17 Under Contract -- -- --
01/11/2017 01/11/17 For Rent $1,650 -- --
Source: Hive 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 $2,698 $423,170 $111,820 $311,350
2023 $2,508 $381,470 $111,820 $269,650
2022 $2,572 $278,080 $87,230 $190,850
2021 $2,642 $278,080 $87,230 $190,850
2020 $2,646 $275,780 $87,230 $188,550
2019 $2,646 $276,110 $87,230 $188,880
2018 $1,814 $200,390 $82,640 $117,750
2017 $1,793 $200,390 $82,640 $117,750
2015 $1,733 $200,390 $82,640 $117,750
2014 $1,513 $177,000 $50,710 $126,290
2013 -- $177,000 $50,710 $126,290
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100376293

Hive MLS

APN: 8581-06-48-7498