NOT LISTED FOR SALE

501 College Ave SW Lenoir, NC 28645

Estimated Value: $628,000 - $794,000

6 Beds
5 Baths
4,785 Sq Ft
$156/Sq Ft Est. Value

Last Sold January 25, 2022

Last sale price $555,000 $116 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,110/month

45 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Wrap Around Porch
  • Wood Flooring
  • Wine Refrigerator
  • Balcony

About This Home

As of January 2022

LOCATION!!!Come be apart of the HISTORIC DISTRICT, in this Colonial Revival estate, just in time for the holiday neighborhood parties. Walk downtown for food, drinks & shopping. Home has over an acre corner lot. See GRANDFATHER MOUNTAIN & TABLEROCK from your very own Juliet balcony just off the primary suite. Kitchen has been beautifully updated w/ Shaw farm sink, granite countertops, Maytag refrigerator, & wine chiller. Large staircase takes you to second floor landing where you will find his & her primary bedrooms and another enlarged suite w/ a dressing hall. On the 3rd level, you have the other 3 bedrooms, 1 full bath, & an attic with ample storage. Stay warm in the winter with new Ecobee thermostats for each of the three heat pumps and boiler that is fully serviced quarterly. Other updates include completely renovated first floor bath, foundation stabilization, new roof, guttering, & windows. Finished room above detached garage is heated/cooled w half bath. More updates attached.

Last Agent to Sell the Property

Lacey Reeves

Mountainside Realty, LLC License #330229 Listed on: 10/08/2021

Last Buyer's Agent

Lacey Reeves

Mountainside Realty, LLC License #330229 Listed on: 10/08/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,327

Year Built

  • Built in 1884

Lot Details

  • Corner Lot
  • Level Lot
  • Property is zoned R-12, r12

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Built-In Features
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Home Security System

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Dishwasher
  • Wine Refrigerator

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Fan
  • Walk-In Attic

Outdoor Features

  • Balcony
  • Wrap Around Porch

Schools

  • Davenport Elementary School
  • William Lenoir Middle School
  • Hibriten High School

Utilities

  • Heat Pump System
  • Heating System Uses Steam
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Security

Listing and Financial Details

  • Assessor Parcel Number 09 9 2 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,327

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 1884
  • Ratio Current Price By Acre: 462500.00
  • Restrictions: N/A
  • Second Living Quarters: Exterior Not Connected
  • Road Surface Type: Concrete
  • Structure Type: Three Story/Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Basement Garage Door, Basement Inside Entrance, Basement Outside Entrance, Block, Brick/Mortar
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Fan, Attic Walk In, Basement Shop, Built Ins, Cable Available, Pantry, Window Treatments
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 400
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2181
  • Third Level Sq Ft: 990
  • Sq Ft Unheated Basement: 880
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 178
  • Sq Ft Unheated Total: 1058
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1614
  • Porch: Balcony,Covered,Front,Porch-Wrap Around,Side
  • Appliances: Ceiling Fan(s), Gas Cooktop, Dishwasher, Dryer, Electric Oven, Natural Gas, Refrigerator, Security System, Washer, Wine Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Living Area: 4785
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Status: Complete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 615
  • Parking Features: Garage - 3 Car

Utilities

  • Heating: Steam, Heat Pump, Heat Pump, Wall Unit(s), Wall Unit(s)
  • Sewer: Public Sewer
  • Water Heater: Electric,Gas
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Security, Street Lights
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: William Lenoir
  • HOA Subject To: None

Lot Info

  • Lot Features: Corner Lot, Level, Mountain View, Views
  • Lot Size Area: 1.2
  • Lot Size Units: Acres
  • Parcel Number: 09 9 2 1
  • Zoning Description: r12

Tax Info

  • RATIO List Price By Tax Amount: 1.63438

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Davenport
  • High School: Hibriten

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2018
Closed on
Aug 15, 2018
Sold by
Harltey Shawn and Harltey Mary E
Bought by
Perry Michael and Perry Meghan P
Seller's Agent
Jim Sponenberg
Berkshire Hathaway HomeServices Blue Ridge REALTORS®
Buyer's Agent
Diane Palmer
The Property Shop
List Price
$340,000
Sold Price
$350,000
Premium/Discount to List
$10,000
2.94%
Current Estimated Value
$746,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,746
Avg. Annual Appreciation
11.10%
Original Mortgage
$358,400
Outstanding Balance
$311,256
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$435,490

Purchase Details

Closed on
Mar 2, 2018
Sold by
Steele Joyce M
Bought by
Steele Thomas L and Steele Linda P

Purchase Details

Listed on
Apr 26, 2016
Closed on
Sep 30, 2016
Sold by
Stewart Donald K and Stewart Allison Nicole
Bought by
Hartley Shawn and Hartley Mary E
Seller's Agent
Lee Pennell
Berkshire Hathaway HomeServices Blue Ridge REALTORS®
Buyer's Agent
Lee Pennell
Berkshire Hathaway HomeServices Blue Ridge REALTORS®
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.42%
Original Mortgage
$33,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2009
Sold by
Powell John D and Powell Tressa G
Bought by
Stewart Donald K and Hege Allison Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.15%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 22, 2000
Bought by
Powell John D and Powell Tressa G

Purchase Details

Closed on
Aug 1, 1994
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
Perry Michael $350,000 --
Steele Thomas L -- --
Hartley Shawn $330,000 None Available
Stewart Donald K $385,000 None Available
Powell John D $243,000 --
-- $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perry Michael $358,400
Previous Owner Hartley Shawn $33,000
Previous Owner Stewart Donald K $385,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/25/2022 01/25/22 Sold $555,000 -7.3% $116 / Sq Ft
11/23/2021 11/23/21 Pending -- -- --
10/21/2021 10/21/21 Price Changed $599,000 -5.7% $125 / Sq Ft
10/08/2021 10/08/21 For Sale $635,000 +81.4% $133 / Sq Ft
08/17/2018 08/17/18 Sold $350,000 +2.9% $75 / Sq Ft View Prior Sale
07/15/2018 07/15/18 Pending -- -- --
07/09/2018 07/09/18 For Sale $340,000 +3.0% $73 / Sq Ft
10/06/2016 10/06/16 Sold $330,000 -5.4% $72 / Sq Ft View Prior Sale
04/28/2016 04/28/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $349,000 -- $76 / 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
2025 $2,327 $752,200 $58,200 $694,000
2024 $2,327 $366,500 $58,200 $308,300
2023 $2,327 $366,500 $58,200 $308,300
2022 $4,401 $366,500 $58,200 $308,300
2021 $4,401 $366,500 $58,200 $308,300
2020 $2,132 $335,600 $58,200 $277,400
2019 $2,132 $335,600 $58,200 $277,400
2018 $4,107 $335,600 $0 $0
2017 $4,107 $335,600 $0 $0
2016 $2,161 $335,600 $0 $0
2015 $4,001 $335,600 $0 $0
2014 $4,001 $335,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3791097

Canopy MLS (Canopy Realtor® Association)

APN: 09-9-2-1