NOT LISTED FOR SALE

500 Mimosa Ave Morganton, NC 28655

Estimated Value: $196,320 - $204,000

2 Beds
1 Bath
972 Sq Ft
$206/Sq Ft Est. Value

Last Sold March 23, 2022

Last sale price $151,444 $156 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,158/month

32 Days on Market

Highlights

  • Laundry Room
  • Drexel Elementary School Rated 9+
  • Bungalow

About This Home

As of March 2022

Here it is! This MOVE-IN READY home in the heart of Drexel has everything a first-time buyer could need. Updates include roof, replacement windows, heat pump. refinished hardwoods, updated bath and so much more! This home has such a warm feeling and will make someone very happy! Located just minutes from HWY 70 and I-40 giving you all of the convenience you could ask for! See it before it's too late!

Last Agent to Sell the Property

Damion Patton

Belote Realty License #281466 Listed on: 02/19/2022

Last Buyer's Agent

Johnny Bhagrattee Guerrero

JRBG Realty LLC License #260849

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $909

Year Built

  • Built in 1954

Lot Details

  • 8,712

Parking

  • Driveway

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Drexel Elementary School
  • Heritage Middle School
  • Jimmy C Draughn High School

Additional Features

  • Zoning described as AA6
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 12482

Home Details

Home Type

Single Family

Est. Annual Taxes

$909

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 1954
  • Ratio Current Price By Acre: 757220.00
  • Road Surface Type: Asphalt, Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 972
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 42
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 42
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Other
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 972
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

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

Utilities

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

Schools

  • Middle Or Junior School: Heritage
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.2
  • Lot Size Units: Acres
  • Parcel Number: 12482
  • Lot Size: 0
  • Zoning Description: AA6

Tax Info

  • RATIO List Price By Tax Amount: 3.21380

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Drexel
  • High School: Jimmy C Draughn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2022
Closed on
Mar 23, 2022
Sold by
Tallent James A and Tallent Sandra W
Bought by
Frost Julie Ann
Seller's Agent
Damion Patton
Belote Realty
Buyer's Agent
Johnny Bhagrattee Guerrero
JRBG Realty LLC
List Price
$164,900
Sold Price
$151,444
Premium/Discount to List
-$13,456
-8.16%
Current Estimated Value
$200,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,636
Avg. Annual Appreciation
8.05%
Original Mortgage
$151,515
Outstanding Balance
$141,714
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$56,419
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
Frost Julie Ann $304 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frost Townsend Julie Ann $3,024
Open Frost Julie Ann $151,515
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2022 03/23/22 Sold $151,444 -8.2% $156 / Sq Ft
02/19/2022 02/19/22 For Sale $164,900 -- $170 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $909 $145,712 $17,400 $128,312
2023 $904 $145,712 $17,400 $128,312
2022 $439 $51,310 $9,000 $42,310
2021 $433 $51,310 $9,000 $42,310
2020 $429 $51,310 $9,000 $42,310
2019 $429 $51,310 $9,000 $42,310
2018 $425 $50,768 $9,000 $41,768
2017 $423 $50,768 $9,000 $41,768
2016 $410 $50,768 $9,000 $41,768
2015 $407 $50,768 $9,000 $41,768
2014 $406 $50,768 $9,000 $41,768
2013 $406 $50,768 $9,000 $41,768
Source: Public Records

Agents Affiliated with this Home

  • Damion Patton

    Seller's Agent in 2022

    Damion Patton

    Belote Realty

    (828) 403-1756

    2 in this area

    120 Total Sales

    Damion Patton
    Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3831468

Canopy MLS (Canopy Realtor® Association)

APN: 12482

North Carolina Burke County Morganton 28655

500 Mimosa Ave, Morganton, NC

This home is located at 500 Mimosa Ave, Morganton, NC 28655 since 19 February 2022 and is currently estimated at $200,080, approximately $205 per square foot. This property was built in 1954. 500 Mimosa Ave is a home located in Burke County with nearby schools including Drexel Elementary School, Heritage Middle School, and Jimmy C. Draughn High School.

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 (Canopy Realtor® Association) Based on information submitted to the MLS GRID. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes