48500 Culp Rd Richfield, NC 28137
Estimated Value: $439,844 - $474,000
3
Beds
2.5
Baths
2,301
Sq Ft
$200/Sq Ft
Est. Value
Highlights
- Laundry Room
- Central Heating
- Ceiling Fan
About This Home
As of June 2022If you're looking for peaceful, quiet living, then you've found the perfect home! Whether you prefer a morning cup of coffee or a relaxing evening on the back porch with a glass of wine, this well maintained home is ready for your enjoyment. 3 bedrooms, 2.5 bathrooms, plus a flex room upstairs that can be used as a bedroom, office, bonus, etc... Large functional basement. The building outside has shelving, electricity, lights, and a water source attached to the outside. There is not a written maintenance agreement in place for the gravel road leading to the driveway. Right of way & utility easement recorded. New dishwasher installed approx 4-5 months ago. New roof and new water heater approx 4 years ago. Fresh Paint in the basement this year. Please call listing agent with any other questions!SELLER WILL ACCEPT OFFERS DURING COMING SOON!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,709
Year Built
- Built in 2001
Lot Details
- Zoning described as R-A
Parking
- Driveway
Home Design
- Vinyl Siding
Interior Spaces
- Ceiling Fan
- Laundry Room
- Basement
Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Schools
- Richfield Elementary School
- North Stanly Middle School
- North Stanly High School
Utilities
- Central Heating
- Heat Pump System
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 6623-03-23-4249
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 21, 2022
Closed on
Jun 29, 2022
Sold by
Russell David K and Russell Sharon A
Bought by
Ward Samuel Verran and Ward Sharon Louisa
Seller's Agent
Phillip Stroup
Mark Spain Real Estate
Buyer's Agent
Kim Wilson
Keller Williams Lake Norman
List Price
$400,000
Sold Price
$420,000
Premium/Discount to List
$20,000
5%
Total Days on Market
0
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,461
Avg. Annual Appreciation
2.84%
Original Mortgage
$250,000
Outstanding Balance
$240,502
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$214,612
Purchase Details
Closed on
Oct 28, 2010
Sold by
Balfrey Jeffrey E and Balfrey Sharon M
Bought by
Russell David K and Russell Sharon A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,076
Interest Rate
4.5%
Mortgage Type
FHA
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ward Samuel Verran | $420,000 | -- | |
| Russell David K | $220,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ward Samuel Verran | $250,000 | |
| Previous Owner | Russell Sharon A | $165,750 | |
| Previous Owner | Russell Sharon A | $44,200 | |
| Previous Owner | Russell David K | $217,076 | |
| Previous Owner | Balfrey Jeffrey E | $8,550 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2022 06/29/22 | Sold | $420,000 | +5.0% | $183 / Sq Ft |
| 05/24/2022 05/24/22 | Pending | -- | -- | -- |
| 05/24/2022 05/24/22 | For Sale | $400,000 | -4.8% | $174 / Sq Ft |
| 05/18/2022 05/18/22 | Off Market | $420,000 | -- | -- |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $1,709 | $240,760 | $21,732 | $219,028 |
| 2023 | $1,734 | $240,760 | $21,732 | $219,028 |
| 2022 | $1,579 | $217,936 | $21,732 | $196,204 |
| 2021 | $1,577 | $217,936 | $21,732 | $196,204 |
| 2020 | $1,512 | $194,241 | $19,320 | $174,921 |
| 2019 | $1,522 | $194,241 | $19,320 | $174,921 |
| 2018 | $474 | $194,241 | $19,320 | $174,921 |
| 2017 | $1,437 | $194,241 | $19,320 | $174,921 |
| 2016 | $1,377 | $186,017 | $17,314 | $168,703 |
| 2015 | $1,461 | $186,017 | $17,314 | $168,703 |
| 2014 | $1,419 | $186,017 | $17,314 | $168,703 |
Source: Public Records
Agents Affiliated with this Home
-
Phillip Stroup
Seller's Agent in 2022
Phillip Stroup
Mark Spain
(704) 718-3361
98 Total Sales
-
Kim Wilson
Buyer's Agent in 2022
Kim Wilson
Keller Williams Lake Norman
(704) 363-0667
95 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 3845119
APN: 6623-03-23-4249
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