NOT LISTED FOR SALE

48500 Culp Rd Richfield, NC 28137

Estimated Value: $440,728 - $527,000

3 Beds
2.5 Baths
2,301 Sq Ft
$208/Sq Ft Est. Value

Sale Details

Date Sold: June 29, 2022

Last sale price $420,000 $183 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,700 / mo

Highlights

  • Laundry Room
  • Central Heating
  • Ceiling Fan

About This Home

As of June 2022

If 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!!

Last Agent to Sell the Property

Phillip Stroup

Mark Spain Real Estate License #320529 Listed on: 05/21/2022

Mark Spain Real Estate

Last Buyer's Agent

Kim Wilson

Keller Williams Lake Norman License #172060

Keller Williams Lake Norman

Home Details

Home Type

  • Single Family

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

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

3.03 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2001
  • Ratio Current Price By Acre: 138613.86
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: One and a Half Story/Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1327
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 875
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 875
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 974
  • Appliances: Ceiling Fan(s), Electric Cooktop, Dishwasher, Electric Oven
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 2301
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Total Bedrooms: 0

Exterior Features

  • New Construction: No
  • Tax Location: Richfield
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Schools

  • Middle Or Junior School: North Stanly
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 6623-03-23-4249
  • Zoning Description: R-A

Tax Info

  • RATIO List Price By Tax Amount: 1.83540

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Richfield
  • High School: North Stanly

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%
Current Estimated Value
$478,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,432
Avg. Annual Appreciation
3.49%
Original Mortgage
$250,000
Outstanding Balance
$238,173
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$240,259

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 David K $217,076
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $2,175 $356,625 $37,804 $318,821
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

    109 Total Sales

    Phillip Stroup
    Section Image
  • Kim Wilson

    Buyer's Agent in 2022

    Kim Wilson

    Keller Williams Lake Norman

    (704) 363-0667

    84 Total Sales

    Kim Wilson
    Section Image
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Map

Source: Canopy MLS

MLS Number: 3845119

Canopy MLS

APN: 6623-03-23-4249

North Carolina Stanly County Richfield 28137

48500 Culp Rd, Richfield, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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