NOT LISTED FOR SALE

501 Elmwood Rd Statesville, NC 28625

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

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

Last Sold October 16, 2017

Last sale price $206,500 $97 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $2,258/month

155 Days on Market

Highlights

  • Barn
  • In Ground Pool
  • Wooded Lot
  • Cool Spring Elementary School Rated A-
  • Private Lot
  • Wood Flooring

About This Home

As of October 2017

Beautiful log home with a large 1.5 acre lot. This home offers 3 bedrooms and 2 bathrooms, gorgeous hardwood floors, vaulted ceiling in family room, fireplace, and in-ground pool. The open floor plan is perfect for entertaining and spreading out. You will love the private yard. Located in the desirable Cool Spring School District. A one-year America's Preferred Home Warranty is provided by the sellers.

Last Agent to Sell the Property

Jill Galliher

Keller Williams Unified License #255757 Listed on: 04/17/2017

Keller Williams Unified

Last Buyer's Agent

Michelle Andrews

Fortuno Investments LLC License #279228

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1980

Lot Details

  • Private Lot
  • Wooded Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Log Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1.5-Story Property
  • Fireplace
  • Wood Flooring
  • Crawl Space

Additional Features

  • In Ground Pool
  • Barn

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: 1.5 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96495
  • Ratio Close Price By Original Li: 0.96047
  • Ratio Current Price By Acre: 137666.67
  • Ratio Current Price By Sq Ft: 96.77
  • 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
  • Equipment: Cooktop Electric, Dishwasher
  • Fireplace Description: FAMILYRM
  • Fireplace: Yes
  • Fixture Exception Description: See Fixture Exceptions in Attachments
  • Fixture Exception Yn: Yes
  • Flooring: Wood
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1277
  • Total Sq Ft: 2134

Exterior Features

  • Construction: Log
  • Construction Type: Site Built
  • Exterior Features: Barn(s), Pool-In-Ground
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Gravel

Utilities

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

Lot Info

  • Lot Features: Private, Trees, Wooded
  • Parcel Number: 4784-04-4174.000
  • Plat Reference Section Pages: 937
  • Zoning Specification: RA

Tax Info

  • Tax Value: 163230.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2019
Sold by
Smith Shirley E and Smith Stanley E
Bought by
Kersman Zachary A and Kersman Rebecca
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.
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

Listed on
Apr 17, 2017
Closed on
Oct 16, 2017
Sold by
Wright Joseph Todd and Wright Patricia R
Bought by
Smith Shirley E
Seller's Agent
Jill Galliher
Keller Williams Unified
Buyer's Agent
Michelle Andrews
Fortuno Investments LLC
List Price
$215,000
Sold Price
$206,500
Premium/Discount to List
-$8,500
-3.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
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
10/16/2017 10/16/17 Sold $206,500 -4.0% $97 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $215,000 -- $101 / 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: CAR3271859

Canopy MLS (Canopy Realtor® Association)

APN: 4784-04-4174.000