NOT LISTED FOR SALE

5 Pine Tree Rd Unit 112 Pinehurst, NC 28374

Estimated Value: $222,000 - $319,000

1 Bed
1 Bath
630 Sq Ft
3.87 Acres

Last Sold December 02, 2022

Last sale price $229,000 $363 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,573/month

46 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Furnished
  • Luxury Vinyl Plank Tile Flooring
  • Pinehurst Elementary School Rated A-
  • Patio
  • Combination Dining and Living Room

About This Home

As of December 2022

INVESTOR ALERT - Furnished 1BR condo with an excellent rental history located on the first fairway of Pinehurst Course No. 5, right across the street from the Pinehurst Harness Track and just a .7 mile walk to Pinehurst Resort & CC. Over $30K Gross Earnings in 2021 and trending to be the same in 2022. Updated flooring; recently painted; new couch, bed, TVs and bedding in 2021. Turn key investment opportunity!

Last Agent to Sell the Property

Todd Camplin

Colony Partners License #279775 Listed on: 10/06/2022

Last Buyer's Agent

Meese Property Group

Meese Property Group, LLC License #282471

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $661

Year Built

  • Built in 1973

Lot Details

  • 3.87

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 630 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Blinds
  • Combination Dining and Living Room
  • Luxury Vinyl Plank Tile Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Home Security

Parking

  • Shared Driveway
  • Paved Parking
  • Parking Lot

Schools

  • Pinehurst Elementary School
  • Southern Pines Middle School
  • Pinecrest High School

Utilities

  • Heat Pump System
  • Cable TV Available

Additional Features

  • Patio
  • Property is near a golf course

Listing and Financial Details

  • Assessor Parcel Number 00025474155

Community Details

Overview

  • Property has a Home Owners Association
  • Master Insurance
  • Prince Manor Subdivision
  • Maintained Community

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$661

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: A
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor Unit
  • Year Built: 1973
  • Road Frontage Type: Golf Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: LVT/LVP
  • Heated Sq Ft: 600 - 799
  • Interior Amenities: Blinds/Shades, Furnished, Smoke Detectors
  • List Price per Sq Ft: 373.02
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 1
  • Number Rooms: 3
  • Sq Ft Heated: 630.00
  • Total Heated Primary Separate Sq Ft: 630.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Patio
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Parking Driveway: Asphalt, Parking Lot, Paved, Shared

Utilities

  • Cooling System: Heat Pump
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Cable, Laundry, Maint - Comm Areas, Maint - Grounds, Maintenance Structure, Master Insure, Taxes, Trash

Condo/Co-op/Association

  • Unit Type: 1 Bedroom

Schools

  • School District: Moore County Schools

Lot Info

  • Deed Book: 5481
  • Deed Page: 62.00
  • Lot Sq Ft: 630.00
  • Plat Book: 940
  • Plat Page: 92
  • Zoning: R 06

Rental Info

  • Annual Gross Rental Income Collected: 3025050

Tax Info

  • Tax Identifier: 00025474155
  • Tax Year: 2021
  • Total Real Estate Property Taxes: 660.69

MLS Schools

  • Elementary School: Pinehurst Elementary
  • High School: Pinecrest High
  • Middle School: Southern Pines Middle School
  • School District: Moore County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2020
Sold by
Downs Robert D and Downs Elizabeth D
Bought by
Mccabe Andrew and Mccabe Timothy
Current Estimated Value
$267,323

Purchase Details

Closed on
Mar 19, 2010
Sold by
Dl Smith Llc
Bought by
Downs Robert D and Downs Elizabeth D
Source: Public Records

Range of Values:

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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
Mccabe Andrew $95,000 None Available
Downs Robert D $78,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $229,000 -2.6% $363 / Sq Ft
11/21/2022 11/21/22 Pending -- -- --
10/06/2022 10/06/22 For Sale $235,000 -- $373 / Sq Ft
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 $1,155 $201,690 $30,000 $171,690
2023 $1,205 $201,690 $30,000 $171,690
2022 $638 $76,380 $24,000 $52,380
2021 $661 $76,380 $24,000 $52,380
2020 $641 $76,380 $24,000 $52,380
2019 $649 $76,380 $24,000 $52,380
2018 $514 $62,550 $24,000 $38,550
2017 $508 $62,550 $24,000 $38,550
2015 $498 $62,550 $24,000 $38,550
2014 -- $140,580 $24,000 $116,580
2013 -- $140,120 $24,000 $116,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100352670

Hive MLS

APN: 856217011831350