NOT LISTED FOR SALE

500 Timbergate Dr Gibsonville, NC 27249

Estimated Value: $286,000 - $342,000

2 Beds
2 Baths
2,200 Sq Ft
$146/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $250,000 $114 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,977/month

6 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Porch
  • Corner Lot
  • Log Cabin
  • Kitchen Island

About This Home

As of June 2021

Stunning custom built log home located in a peaceful setting in Gibsonville. Enjoy your mornings rocking in your chair on the wrap around covered porch. Upstairs loft currently being used as a THIRD bedroom, but could be transitioned into a play room or office. The living room boasts vaulted ceilings and a beautiful stone fireplace. Open kitchen has plenty of counter space and an island for preparing family meals. This home is a must see! Schedule your showing TODAY!

Last Agent to Sell the Property

Matthew Millaway

eXp Realty License #306213 Listed on: 04/13/2021

Last Buyer's Agent

Lauren Stanton

EverHome Real Estate License #319731

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,553

Year Built

  • Built in 2006

Lot Details

  • 0.39 Acre Lot
  • Corner Lot
  • Cleared Lot
  • Property is zoned RS-12

Home Design

  • Log Cabin
  • Log Siding

Interior Spaces

  • 2,029 Sq Ft Home
  • 1,800-2,200 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Great Room with Fireplace
  • Dryer Hookup

Kitchen

  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Separate Shower

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Outdoor Storage
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Timbergate Estates Subdivision

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 104961
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,553

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.39
  • Subdivision Name: Timbergate Estates
  • Directions: From Hwy 61: North 500 Timbergate Drive is on the corner of Hwy 61 and Timbergate Dr.
  • Above Grade Finished Sq Ft: 2029
  • Architectural Style: Log
  • Unit Levels: One and One Half
  • Structure Type: House
  • Year Built: 2006
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1800 - 2200
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Electric Water Heater
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Great Room, Ceiling Fan(s), Dead Bolt(s), Kitchen Island, Separate Shower
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Blower Fan, Great Room
  • Fireplaces: 1
  • Living Area: 2029
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Exterior Features: Garden
  • Fencing: None
  • Lot Features: Cleared, Corner Lot
  • Pool Features: None
  • Construction Type: Log
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Driveway, Paved

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Heat Pump
  • Heating: Forced Air, Heat Pump, Electric, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Call School Board
  • High School: Call School Board
  • Middle Or Junior School: Call School Board

Lot Info

  • Parcel #: 104961
  • Zoning: RS-12
  • TRIADMLS_PricePerAcre: 666410.2564
  • TRIADMLS_PlatPage: 52
  • TRIADMLS_DeedPage: 1463
  • TRIADMLS_DeedBook: 6466
  • TRIADMLS_PlatBook: 104
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 2552.51
  • Tax Lot: 74
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 1.2605

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2024
Sold by
Smith Emily Michelle and Crumby William Daniel
Bought by
Stanley Mark A
Current Estimated Value
$320,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,350
Outstanding Balance
$271,804
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$48,690

Purchase Details

Listed on
Apr 13, 2021
Closed on
Jun 3, 2021
Sold by
Lough Patsy C and Lough Robert
Bought by
Smith Emily Michelle and Crumby William Daniel
Seller's Agent
Matthew Millaway
eXp Realty
Buyer's Agent
Lauren Stanton
EverHome Real Estate
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$242,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2006
Sold by
M & I Properties Inc
Bought by
Lough Patsy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Stanley Mark A $310,000 None Listed On Document
Smith Emily Michelle $250,000 None Available
Lough Patsy C $28,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stanley Mark A $274,350
Previous Owner Smith Emily Michelle $242,500
Previous Owner Crumby William Daniel $7,275
Previous Owner Lough Robert $225,000
Previous Owner Lough Patsy C $207,000
Previous Owner Lough Patsy C $208,000
Previous Owner Lough Patsy C $185,000
Previous Owner Lough Patsy C $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $250,000 -- $139 / 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 $2,772 $227,100 $45,000 $182,100
2023 $2,772 $227,100 $45,000 $182,100
2022 $2,863 $227,100 $45,000 $182,100
2021 $2,553 $202,500 $35,000 $167,500
2020 $2,553 $202,500 $35,000 $167,500
2019 $2,553 $202,500 $0 $0
2018 $1,472 $202,500 $0 $0
2017 $1,472 $202,500 $0 $0
2016 $1,493 $197,800 $0 $0
2015 $1,503 $197,800 $0 $0
2014 $1,523 $197,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Millaway

    Seller's Agent in 2021

    Matthew Millaway

    eXp Realty

    (336) 317-4502

    9 in this area

    797 Total Sales

    Matthew Millaway
    Section Image

  • L

    Buyer's Agent in 2021

    Lauren Stanton

    EverHome Real Estate

    2 in this area

    115 Total Sales

    Lauren Stanton
    Section Image
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Map

Source: Triad MLS

MLS Number: 1019170

Triad MLS

APN: 0104961

North Carolina Guilford County Gibsonville 27249

500 Timbergate Dr, Gibsonville, NC

This home is located at 500 Timbergate Dr, Gibsonville, NC 27249 since 13 April 2021 and is currently estimated at $320,494, approximately $145 per square foot. This property was built in 2006. 500 Timbergate Dr is a home located in Guilford County with nearby schools including Gibsonville Elementary School, Eastern Guilford Middle School, and Eastern Guilford High School.

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