NOT LISTED FOR SALE

475 Lake Drive 10 Lexington, NC 27292

Estimated Value: $469,000 - $559,589

2 Beds
2 Baths
1,300 Sq Ft
$396/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $395,000 $304 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,951/month

7 Days on Market

Highlights

  • Den with Fireplace
  • No HOA
  • Detached Carport Space
  • Attic
  • Porch
  • Central Air

About This Home

As of May 2021

High Rock Lakefront Home under 300K in perfect condition. Home has many updates and is perfect for weekend get away or year round living. Fantastic 180 degree views from inside and out with two levels of decks for entertaining or relaxing. U-slip pier with sitting area for all you favorite water toys. 24 x 30 detached garage wired for generator is extra bonus with this home. Security system and back up gas monitor heat are just a few features in the home. Hurry before it's gone!

Last Agent to Sell the Property

Matt Ingram

Real Broker LLC License #287981 Listed on: 04/03/2021

Real Broker LLC

Last Buyer's Agent

Jennifer Hill

Lake Homes Realty, LLC License #265449

Lake Homes Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,743

Year Built

  • Built in 1974

Lot Details

  • 0.67 Acre Lot
  • Property is zoned RS

Parking

  • 3 Car Garage
  • Detached Carport Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,166 Sq Ft Home
  • 1,000-1,300 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Insulated Windows
  • Den with Fireplace
  • Storm Doors
  • Attic
  • Finished Basement

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Porch

Schools

  • Central Davidson Middle School
  • Central Davidson High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Parks Subdivision

Listing and Financial Details

  • Tax Lot 62
  • Assessor Parcel Number 15021A00A0062000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,743

Year Built

Built in 1974

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.67
  • Subdivision Name: Parks
  • Directions: Head southeast on W Center St toward S Main St, Turn right onto Fairview Dr, Use any lane to turn left onto NC-8 S/Cotton Grove Rd, Turn left onto NC-47 E, Turn right onto Old Mountain Rd, Turn right onto Lake Drive 10, Property is on the left.
  • Above Grade Finished Sq Ft: 1166
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1974
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 300 - 400
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1000 - 1300
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s), Dead Bolt(s)
  • Has Basement: Finished, Unfinished, Basement
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 352
  • Door Features: Storm Door(s)
  • Fireplace Features: Den
  • Living Area: 1166
  • Main Level Bathrooms: 1
  • Attic Description: Access Only
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsLower: 1

Exterior Features

  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Garage, Detached Carport
  • Garage Description: Detached Carport

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Main Level, Washer Hookup
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric
  • Energy Features: Insulated Windows, Storm Doors

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Southwest
  • High School: Central Davidson
  • Middle Or Junior School: Central Davidson

Lot Info

  • Parcel #: 15021A00A0062000
  • Zoning: RS
  • TRIADMLS_PricePerAcre: 589552.2388
  • TRIADMLS_DeedPage: 209-211
  • TRIADMLS_DeedBook: 2364
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 1742.78
  • Tax Lot: 62
  • Tax Year: 2020
  • TRIADMLS_TaxRate: 0.65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2021
Closed on
May 6, 2021
Sold by
Rogers Michael Zollie and Rogers Sandra Satterfield
Bought by
Donahue John P and Donahue Eleanor T
Seller's Agent
Matt Ingram
Real Broker LLC
Buyer's Agent
Jennifer Hill
Lake Homes Realty, LLC
Sold Price
$395,000
Current Estimated Value
$514,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,647
Avg. Annual Appreciation
5.58%
Original Mortgage
$302,400
Outstanding Balance
$276,944
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$221,910

Purchase Details

Listed on
Apr 20, 2019
Closed on
Jul 2, 2019
Sold by
Chapman Donald L
Bought by
Satterfield Rogers Michael Zollie and Satterfield Rogers Sandra
Seller's Agent
Randy Thomason
Thomason Realty Group, LLC
Buyer's Agent
Randy Thomason
Thomason Realty Group, LLC
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.43%
Original Mortgage
$216,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 1, 1998

Purchase Details

Closed on
Sep 1, 1997
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
Donahue John P $395,000 None Available
Satterfield Rogers Michael Zollie $270,000 None Available
-- -- --
-- $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donahue John P $302,400
Previous Owner Satterfield Rogers Michael Zollie $216,000
Previous Owner Chapman Donald L $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2021 06/16/21 Off Market $270,000 -- --
05/17/2021 05/17/21 Sold $395,000 +46.3% $395 / Sq Ft
07/02/2019 07/02/19 Sold $270,000 -- $270 / Sq Ft
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
2024 $2,022 $315,740 $0 $0
2023 $1,990 $310,740 $0 $0
2022 $1,990 $310,740 $0 $0
2021 $1,768 $276,190 $0 $0
2020 $1,717 $268,120 $0 $0
2019 $1,715 $248,800 $0 $0
2018 $1,768 $248,800 $0 $0
2017 $1,675 $248,800 $0 $0
2016 $1,670 $248,800 $0 $0
2015 $1,676 $248,800 $0 $0
2014 $1,177 $211,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matt Ingram

    Seller's Agent in 2021

    Matt Ingram

    Real Broker LLC

    (336) 209-0817

    265 Total Sales

    Matt Ingram
    Section Image

  • J

    Buyer's Agent in 2021

    Jennifer Hill

    Lake Homes Realty, LLC

    (336) 687-2403

    81 Total Sales

    Jennifer Hill
    Section Image

  • R

    Seller's Agent in 2019

    Randy Thomason

    Thomason Realty Group, LLC

    (336) 798-7253

    61 Total Sales

    Randy Thomason
    Section Image
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Map

Source: Triad MLS

MLS Number: 1018721

Triad MLS

APN: 15-021-A-00A-0062-0-0-0

North Carolina Davidson County Lexington 27292

475 Lake Drive 10, Lexington, NC

This home is located at 475 Lake Drive 10, Lexington, NC 27292 since 03 April 2021 and is currently estimated at $514,647, approximately $395 per square foot. This property was built in 1974. 475 Lake Drive 10 is a home located in Davidson County with nearby schools including Southwood Elementary School, Central Davidson Middle School, and Central Davidson High School.

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