NOT LISTED FOR SALE

501 Elmwood Rd Unit 3 Statesville, NC 28625

Estimated Value: $380,000 - $441,000

3 Beds
2 Baths
2,134 Sq Ft
$190/Sq Ft Est. Value

Last Sold December 27, 2019

Last sale price $235,000 $110 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,258/month

18 Days on Market

Highlights

  • In Ground Pool
  • Open Floorplan
  • Wood Flooring
  • Cool Spring Elementary School Rated A-
  • Vaulted Ceiling
  • Shed

About This Home

As of December 2019

Rustic and charming log cabin in rural Statesville on 1.5 acre lot. Covered front and side porch in tranquil setting with farm land surrounding. Featuring gorgeous hard wood floors and wood paneling throughout. Open floor plan with vaulted ceilings and gas log fireplace. Master bedroom with his and her closets and laundry room on main level. Large full baths with tin shower and storage closets. Custom cut blinds and window shutters add to the overall country feel. Kitchen appliances were purchased in 2018 and features pull out pantry drawers for extra storage. Enjoy relaxing by the fenced in pool with diving board and slide or entertaining in the large backyard. Property has long gravel drive way for extra parking, two story storage building with concrete floor and electricity, tree house and side garden with perennial flowers.

Last Agent to Sell the Property

Nancy Braun

Showcase Realty LLC License #183393 Listed on: 11/13/2019

Last Buyer's Agent

Jill Dickson

TMR Realty, Inc. License #303717

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1980

Lot Details

  • Open Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Cabin

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Window Treatments
  • Wood Flooring
  • Crawl Space
  • Kitchen Island

Outdoor Features

  • In Ground Pool
  • Shed

Utilities

  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4784-04-4174.000

Home Details

Home Type

Single Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Cabin
  • Ratio Close Price By List Price: 0.95918
  • Ratio Close Price By Original Li: 0.95918
  • Ratio Current Price By Acre: 156666.67
  • Ratio Current Price By Sq Ft: 110.12
  • Year Built: 1980
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 857
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Doors and Windows: Screen Door(s)
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Electric, Dishwasher, Disposal, Ice Maker Connection, Microwave, Refrigerator, Security System, Wall Oven
  • Fireplace Description: Gas Logs, Living Room, Propane
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Cable Available, Kitchen Island, Open Floorplan, Vaulted Ceiling, Window Treatments
  • Laundry Location: Main, Closet
  • Room Count: 2
  • Sq Ft Additional: 673
  • Main Level Sq Ft: 1277
  • Total Sq Ft: 2134

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Exterior Features: Pool-In-Ground, Shed(s)

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, Parking Space - 4+

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: County Water
  • Water Heater: Electric

Lot Info

  • Lot Dimension: 175x375x175x375
  • Lot Features: Open Lot, Trees
  • Parcel Number: 4784-04-4174.000
  • Zoning Specification: RA

Tax Info

  • Tax Value: 202750.00
  • Tax Location: Statesville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2019
Closed on
Dec 27, 2019
Sold by
Smith Shirley E and Smith Stanley E
Bought by
Kersman Zachary A and Kersman Rebecca
Seller's Agent
Nancy Braun
Showcase Realty LLC
Buyer's Agent
Jill Dickson
TMR Realty, Inc.
List Price
$245,000
Sold Price
$235,000
Premium/Discount to List
-$10,000
-4.08%
Current Estimated Value
$405,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,805
Avg. Annual Appreciation
9.81%
Original Mortgage
$188,000
Outstanding Balance
$166,425
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$239,380

Purchase Details

Closed on
Sep 5, 2019
Sold by
Jenkins Perry W and Jenkins Sonja S
Bought by
Smith Shirley E

Purchase Details

Closed on
Oct 16, 2017
Sold by
Wright Joseph Todd and Wright Patricia R
Bought by
Smith Shirley E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,091
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 2004
Sold by
Baisden Stephanie and Copley Stephanie R
Bought by
Wright Joseph Todd and Wright Patricia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2001
Sold by
Richardson John M
Bought by
Copley Arvel A and Copley Stephanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
6.98%

Purchase Details

Closed on
Dec 11, 1998
Sold by
Ferguson Dale E and Ferguson Ida P
Bought by
Richardson John M and Richardson Lavonjula W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.74%
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
Kersman Zachary A $235,000 None Available
Smith Shirley E $42,000 None Available
Smith Shirley E $206,500 None Available
Wright Joseph Todd $175,000 --
Copley Arvel A $150,000 --
Richardson John M $135,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kersman Zachary A $188,000
Previous Owner Smith Shirley E $168,091
Previous Owner Wright Joseph Todd $140,000
Previous Owner Copley Arvel A $139,500
Previous Owner Richardson John M $125,000
Closed Wright Joseph Todd $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2019 12/27/19 Sold $235,000 -4.1% $110 / Sq Ft
12/01/2019 12/01/19 Pending -- -- --
11/13/2019 11/13/19 For Sale $245,000 -- $115 / 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 $1,554 $253,250 $40,080 $213,170
2023 $1,554 $253,250 $40,080 $213,170
2022 $1,332 $202,750 $32,570 $170,180
2021 $1,328 $202,750 $32,570 $170,180
2020 $1,328 $202,750 $32,570 $170,180
2019 $1,308 $202,750 $32,570 $170,180
2018 $1,027 $163,230 $32,570 $130,660
2017 $1,027 $163,230 $32,570 $130,660
2016 $1,027 $163,230 $32,570 $130,660
2015 $1,027 $163,230 $32,570 $130,660
2014 $1,031 $176,330 $40,080 $136,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3568309

Canopy MLS (Canopy Realtor® Association)

APN: 4784-04-4174.000