NOT LISTED FOR SALE

501 Laurel Ave Lexington, NC 27292

Estimated Value: $144,390 - $184,000

2 Beds
1 Bath
1,100 Sq Ft
$143/Sq Ft Est. Value

Last Sold November 23, 2016

Last sale price $12,500 $11 Per Sq Ft

Est. 1,157% increase in value since last sale

Current estimated payment $945/month

55 Days on Market

Highlights

  • No HOA
  • Porch
  • Level Lot
  • Cottage
  • Forced Air Heating System

About This Home

As of November 2016

Older home in City on Big Corner lot. Perfect for investor or Handyman. Lots of potential!

Last Agent to Sell the Property

Sandy Walker

Leonard Craver Realty Inc License #185809 Listed on: 09/15/2016

Last Buyer's Agent

Jeff Moorefield

Leonard Craver Realty Inc License #233067

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 75 x 160
  • Level Lot
  • Cleared Lot
  • Property is zoned TN

Parking

  • No Garage

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 960 Sq Ft Home
  • 800-1,100 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Schools

  • Lexington City Middle School
  • Lexington City High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 0089 / 005
  • Assessor Parcel Number 1112800050089000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size: 75 x 160
  • Subdivision Name: None
  • Directions: Main Street Lexington, to East Center Street, Right on Fairview Drive, Right on School Street, Right on Beckner Street, Left on Laurel Ave. Home on Corner of Laurel & Beckner.
  • Above Grade Finished Sq Ft: 960
  • Architectural Style: Cottage
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1950
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 800 - 1100
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • TRIADMLS_AdCopy: Older home in City on Big Corner lot. Perfect for investor or Handyman. Lots of potential! Listed w/Sandy Walker @ Leonard Craver Realty. 336-249-0296
  • Special Features: None

Interior Features

  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 960
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Fencing: None
  • Lot Features: City Lot, Level, Cleared
  • Construction Type: Vinyl Siding
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: No Garage
  • Garage Description: None

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: None

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lexington City
  • High School: Lexington City
  • Middle Or Junior School: Lexington City

Lot Info

  • Parcel #: 1112800050089000
  • Zoning: TN
  • TRIADMLS_PlatPage: 14
  • TRIADMLS_DeedPage: 1778
  • TRIADMLS_DeedBook: 1862
  • TRIADMLS_PlatBook: 5
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 609
  • Tax Block: 005
  • Tax Lot: 0089
  • Tax Map Number: 128
  • Tax Year: 2016
  • TRIADMLS_TaxRate: 1.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2018
Sold by
Moorefield Jeffrey T and Walker Sandra K
Bought by
Byrd Roger
Current Estimated Value
$157,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Outstanding Balance
$47,960
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$85,422

Purchase Details

Listed on
Sep 15, 2016
Closed on
Nov 22, 2016
Sold by
Walser Sylvia L
Bought by
Moorefield Jeffrey T and Walker Sandra
Seller's Agent
Sandy Walker
Leonard Craver Realty Inc
Buyer's Agent
Jeff Moorefield
Leonard Craver Realty Inc
List Price
$39,900
Sold Price
$12,500
Premium/Discount to List
-$27,400
-68.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.95%
Original Mortgage
$10,000
Interest Rate
3.47%
Mortgage Type
Unknown

Purchase Details

Closed on
May 5, 2008
Sold by
Smith Guy P and Smith Melinda H
Bought by
Walser John T

Purchase Details

Closed on
Dec 1, 1980
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Byrd Roger $83,000 None Available
Moorefield Jeffrey T $12,500 None Available
Walser John T $10,000 None Available
-- $15,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Byrd Roger $55,000
Previous Owner Moorefield Jeffrey T $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2016 11/23/16 Sold $12,500 -68.7% $16 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
09/15/2016 09/15/16 For Sale $39,900 -- $50 / 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 $1,086 $83,530 $0 $0
2023 $1,086 $83,530 $0 $0
2022 $1,086 $83,530 $0 $0
2021 $1,086 $83,530 $0 $0
2020 $801 $62,050 $0 $0
2019 $813 $62,050 $0 $0
2018 $609 $46,460 $0 $0
2017 $609 $46,460 $0 $0
2016 $609 $46,460 $0 $0
2015 $585 $46,460 $0 $0
2014 $584 $46,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 808785

Triad MLS

APN: 11-128-0-005-0089-0-0-0