NOT LISTED FOR SALE

501 W Murphy St Madison, NC 27025

Estimated Value: $319,000 - $371,000

4 Beds
2 Baths
3,000 Sq Ft
$116/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $228,000 $76 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,200/month

14 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Level Lot
  • No HOA

About This Home

As of December 2020

Welcome home to 501 W. Murphy! This beautiful brick home has so much to offer! 4 bed and 2 baths within walking distance to charming downtown Madison! Large closets, and tons of storage space. Very nice size rooms with plenty of space for the growing family. Need an office? This pleasant home offers a wonderful office/work space with counter to ceiling built-in book shelves! Original hardwood floors, over-sized windows, and 10ft ceilings! So much character with a modern feel! Enjoy your evenings on the deck over looking the massive back yard! Unfinished basement would make a great hang out or accessible storage space! Make your appointment today!

Last Agent to Sell the Property

Tamatha McCollum

Howard Hanna Allen Tate Oak Ridge Commons License #287791 Listed on: 10/15/2020

Howard Hanna Allen Tate Oak Ridge Commons

Last Buyer's Agent

Rhonda Norman Stone

eXp Realty, LLC License #280297

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,406

Year Built

  • Built in 1950

Lot Details

  • 0.74 Acre Lot
  • Lot Dimensions are 207 x 165 x 106 x 16 x 85 x 25 x 24 x 124
  • Level Lot
  • Property is zoned R10MD

Parking

  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,854 Sq Ft Home
  • 2,500-3,000 Sq Ft Home
  • Property has 2 Levels
  • Living Room with Fireplace
  • Unfinished Basement

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Western Rockingham Middle School
  • Mcmichael High School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 176576
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,406

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.74
  • Lot Size: 207 x 165 x 106 x 16 x 85 x 25 x 24 x 124
  • Subdivision Name: None
  • Directions: Coming from Hwy 220 north take the Madison/704 exit. Come through town turn right onto Dahl. Turn left onto W Murphy the property is on the left.
  • Above Grade Finished Sq Ft: 2854
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1950
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2500 - 3000
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Flooring: Laminate, Tile, Wood
  • Has Basement: Unfinished, Basement
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 2854
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: Yes
  • Basement YN: Yes
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Lot Features: Level
  • Pool Features: None
  • Exclusions: Pendant Light Fixtures In Master Bedroom. Curtain Rods In Living And Laundry.
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Dillard Academy
  • High School: McMichael
  • Middle Or Junior School: Western Rockingham

Lot Info

  • Parcel #: 176576
  • Zoning: R10MD
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 2406
  • Tax Year: 2019
  • TRIADMLS_TaxRate: 1.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Dec 15, 2020
Sold by
Miller Stephen and Miller Jennifer
Bought by
Edwards Nicholas Martin
Seller's Agent
Tamatha McCollum
Howard Hanna Allen Tate Oak Ridge Commons
Buyer's Agent
Rhonda Norman Stone
eXp Realty, LLC
Sold Price
$228,000
Current Estimated Value
$348,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,716
Avg. Annual Appreciation
8.72%
Original Mortgage
$210,113
Outstanding Balance
$187,397
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$161,319

Purchase Details

Listed on
Nov 30, 2015
Closed on
Mar 11, 2016
Sold by
Harris Joseph Glenn and Harris Courtney Suzanne
Bought by
Miller Stephen and Miller Jennifer
Seller's Agent
Jason Bramblett
Jason Bramblett Real Estate
Buyer's Agent
Brian Rock Dulany
Dulany Rock Realty
List Price
$145,000
Sold Price
$143,750
Premium/Discount to List
-$1,250
-0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.20%
Original Mortgage
$129,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 18, 2012
Sold by
Smith William Tyler
Bought by
Harris Joseph Glenn and Harris Courtney Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,403
Interest Rate
3.84%
Mortgage Type
FHA

Purchase Details

Closed on
May 17, 2012
Sold by
Smith Savannah J
Bought by
Smith William Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,403
Interest Rate
3.84%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 11, 2011
Sold by
Manufactures & Traders Trust Company
Bought by
Smith William Tyler

Purchase Details

Closed on
Oct 26, 2010
Sold by
Leonard Michael R and Leonard Linda H
Bought by
Manufacturers & Traders Trust Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Edwards Nicholas Martin $228,000 None Available
Miller Stephen $144,000 Attorney
Harris Joseph Glenn $78,500 None Available
Smith William Tyler -- None Available
Smith William Tyler $58,500 None Available
Manufacturers & Traders Trust Company $90,605 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Nicholas Martin $210,113
Previous Owner Miller Stephen $129,000
Previous Owner Harris Joseph Glenn $124,403
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2020 12/15/20 Sold $228,000 +58.6% $91 / Sq Ft
03/18/2016 03/18/16 Sold $143,750 -0.9% $58 / Sq Ft View Prior Sale
02/02/2016 02/02/16 Pending -- -- --
11/30/2015 11/30/15 For Sale $145,000 -- $58 / 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
2025 $4,522 $353,266 $13,675 $339,591
2024 $4,522 $353,266 $13,675 $339,591
2023 $4,522 $207,973 $12,432 $195,541
2022 $2,964 $207,973 $12,432 $195,541
2021 $2,964 $207,973 $12,432 $195,541
2020 $2,406 $168,865 $12,432 $156,433
2019 $2,406 $168,865 $12,432 $156,433
2018 $2,250 $157,805 $20,052 $137,753
2017 $2,250 $157,805 $20,052 $137,753
2015 $1,314 $91,214 $20,052 $71,162
2014 $1,301 $91,214 $20,052 $71,162
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tamatha McCollum

    Howard Hanna Allen Tate Oak Ridge Commons

    (336) 344-0552

    2 in this area

    77 Total Sales

    Tamatha McCollum
    Section Image

  • R

    Buyer's Agent in 2020

    Rhonda Norman Stone

    eXp Realty, LLC

    (336) 453-9559

    2 Total Sales

    Rhonda Norman Stone
    Section Image
  • Jason Bramblett

    Seller's Agent in 2016

    Jason Bramblett

    Jason Bramblett Real Estate

    (336) 362-3807

    197 Total Sales

    Jason Bramblett
    Section Image

  • B

    Buyer's Agent in 2016

    Brian Rock Dulany

    Dulany Rock Realty

    (336) 613-3178

    1 in this area

    35 Total Sales

    Brian Rock Dulany
    Section Image
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Map

Source: Triad MLS

MLS Number: 998767

Triad MLS

APN: 176576

North Carolina Rockingham County Madison 27025

501 W Murphy St, Madison, NC

Not Listed for Sale

Detached

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