NOT LISTED FOR SALE

502 S Third St Mebane, NC 27302

Estimated Value: $297,015 - $338,000

3 Beds
2 Baths
1,498 Sq Ft
$212/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $271,500 $181 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,883/month

2 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • No HOA
  • Ranch Style House
  • High Ceiling
  • 4-minute walk to Walker Athletic Complex

About This Home

As of October 2022

Renovated mid-century cottage in the heart of Mebane retains all of the charm of a bygone era and adds all of the functionality of a larger, modern home including a bright and spacious kitchen with tons of storage. Open floor plan so you don’t miss out on all of the fun while you’re in the kitchen. Large lot with an amazing fenced backyard for your furry friends. Muddy paws are no problem with an extra sink in the spacious laundry room. Multiple outdoor spaces including a screen porch, patio and front porch for people watching. Plenty of room for an epic garden and a storage shed for all your tools and toys! Near Filament Coffee, Lowes Grocery, Junction on 70, farmers market, Bright Penny Brewing and so much more!

Last Agent to Sell the Property

Martha Newport

Keller Williams Realty United License #279746 Listed on: 09/23/2022

Keller Williams Realty United

Last Buyer's Agent

Christopher Hinkle

Fathom Realty NC, LLC License #258069

Fathom Realty NC, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,230

Year Built

  • Built in 1948

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 75x101x77x103
  • Fenced Yard
  • Landscaped
  • Garden

Parking

  • Private Driveway

Home Design

  • Ranch Style House
  • Cottage
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,498 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Breakfast Room
  • Screened Porch
  • Storage
  • Utility Room
  • Crawl Space

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Shower Only
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Attic

  • Attic Floors
  • Pull Down Stairs to Attic

Outdoor Features

  • Patio
  • Rain Gutters

Schools

  • S Mebane Elementary School
  • Woodlawn Middle School
  • Eastern Alamance High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Gas Water Heater

Additional Features

  • Accessible Washer and Dryer
  • The property is located in a historic district

Community Details

  • No Home Owners Association
  • Historic District Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,230

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Year Built: 1948
  • Prop. Type: Residential
  • Subdivision Name: Historic District
  • Above Grade Finished Sq Ft: 1498.0
  • Architectural Style: Cottage, Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 675.0
  • General Property Information Total Unfinished Area2: 675.0
  • General Property Information Lot Size Dimensions: 75x101x77x103
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Ranch: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Flooring Tile: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Flooring Laminate: Yes
  • Community Features Historical Area: Yes
  • Architectural Style Cottage: Yes
  • General Property Information Above Grade Finished Area: 1498.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 7840.8
  • General Property Information Lot Size Acres: 0.18
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Laminate, Tile
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, High Ceilings, Primary Downstairs, Shower Only, Storage, Walk-In Shower
  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Gas Log
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Range: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Attic Features:Floored: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Fenced Yard, Rain Gutters
  • Acres: 0.18
  • Construction Type: Vinyl Siding, Wood Siding
  • Patio And Porch Features: Patio, Porch, Screened
  • Accessibility Features:Accessible WasherDryer: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Lot Features:Garden2: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Historical Area
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Alamance - Eastern Alamance
  • Middle Or Junior School: Alamance - Woodlawn

Lot Info

  • Lot Dimensions: 75x101x77x103
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1230.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Alamance - S Mebane

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Oct 12, 2022
Sold by
Fricks Neal Stratton
Bought by
Castellano Anthony R and Castellano Michele L
Seller's Agent
Martha Newport
Keller Williams Realty United
Buyer's Agent
Christopher Hinkle
Fathom Realty NC, LLC
List Price
$275,000
Sold Price
$271,500
Premium/Discount to List
-$3,500
-1.27%
Current Estimated Value
$318,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,754
Avg. Annual Appreciation
5.40%
Original Mortgage
$203,625
Outstanding Balance
$194,426
Interest Rate
5%
Mortgage Type
Balloon
Estimated Equity
$123,828

Purchase Details

Closed on
Jul 12, 2019
Sold by
Bryant Jonathan and Bryant Vicky
Bought by
Fricks Neal Stratton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,020
Interest Rate
3.82%

Purchase Details

Closed on
Jun 21, 2017
Sold by
Caldwell David Regis and Caldwell Joyce Elizabeth
Bought by
Bryant Jonathan and Bryant Vicky

Purchase Details

Closed on
Jan 24, 2013
Sold by
Smith David L
Bought by
Caldwell David R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,482
Interest Rate
3.35%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Castellano Anthony R $271,500 --
Fricks Neal Stratton $187,000 Attorney
Bryant Jonathan $145,000 Attorney
Caldwell David R $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castellano Anthony R $203,625
Previous Owner Fricks Neal Stratton $191,020
Previous Owner Caldwell David R $96,482
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $271,500 -- --
10/21/2022 10/21/22 Sold $271,500 -1.3% $181 / Sq Ft
09/24/2022 09/24/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $275,000 -- $184 / Sq Ft
Source: Doorify 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 $2,505 $289,886 $50,000 $239,886
2024 $2,432 $289,886 $50,000 $239,886
2023 $2,313 $289,886 $50,000 $239,886
2022 $1,230 $110,362 $35,000 $75,362
2021 $1,241 $110,362 $35,000 $75,362
2020 $1,252 $110,362 $35,000 $75,362
2019 $1,258 $110,362 $35,000 $75,362
2018 $0 $110,362 $35,000 $75,362
2017 $1,153 $110,362 $35,000 $75,362
2016 $899 $84,057 $22,500 $61,557
2015 $485 $84,057 $22,500 $61,557
2014 -- $84,057 $22,500 $61,557
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2475465

Doorify MLS

APN: 166003