NOT LISTED FOR SALE

502 W Rice St Landis, NC 28088

Estimated Value: $363,000 - $395,000

3 Beds
2.5 Baths
2,624 Sq Ft
$146/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $248,000 $95 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,375/month

3 Days on Market

Highlights

  • Fruit Trees
  • Wood Flooring
  • Fireplace
  • Ranch Style House
  • Corner Lot
  • Attached Garage

About This Home

As of November 2020

What an amazing opportunity! Classic mid-century brick ranch on almost an acre lot! The home features a huge formal living/dining room plus a large kitchen that opens to a cozy den with a fireplace. With more than 2500 square feet this home is perfect for relaxing or entertaining! 3 spacious bedrooms and 2.5 baths with vintage original tile. The designated home office space is perfect for homework, working from home or Zoom meetings. The unfinished basement is more than 1000 square feet of space and is perfectly flexible for your workout space, storage space & more. The side-load garage and carport make for very convenient parking. The large and level corner lot is almost a full acre with a fenced area, plenty of room to play or hang out outside, and a perfect spot for a garden. Walk to the Middle School which is just a block away! This amazing property will not last long at just $245,000! Make your appointment today!

Last Agent to Sell the Property

Diane Honeycutt

Allen Tate Concord License #161527 Listed on: 10/08/2020

Allen Tate Concord

Co-Listed By

Lora Riddle

Allen Tate Concord License #111786

Last Buyer's Agent

Cheryl Powell

Southern Homes of the Carolinas, Inc License #202938

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1957

Lot Details

  • Corner Lot
  • Level Lot
  • Fruit Trees

Parking

  • Attached Garage

Home Design

  • Ranch Style House

Interior Spaces

  • Fireplace
  • Pull Down Stairs to Attic

Flooring

  • Wood
  • Tile
  • Vinyl

Listing and Financial Details

  • Assessor Parcel Number 130B145

Home Details

Home Type

Single Family

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 1.01224
  • Ratio Close Price By Original Li: 1.01224
  • Ratio Current Price By Acre: 269565.22
  • Ratio Current Price By Sq Ft: 94.51
  • Year Built: 1957
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Inside Entrance, Basement Outside Entrance
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Cable Prewire, Ceiling Fan(s), Electric Oven
  • Fireplace Description: Den, Living Room
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: Attic Stairs Pulldown, Built-Ins
  • Laundry Location: Basement
  • Room Count: 2
  • Main Level Sq Ft: 2624
  • Total Sq Ft: 2624
  • Sq Ft Unheated Basement: 1020
  • Sq Ft Unheated Total: 1020

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Carport - 1 Car, Garage - 1 Car, Side Load Garage

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Landis
  • Middle School: Corriher-lipe
  • High School: South Rowan

Lot Info

  • Lot Dimension: 200X201
  • Lot Features: Corner Lot, Fruit Trees, Level
  • Lot Size Area: 0.920
  • Parcel Number: 130B145
  • Zoning Specification: SFR

Tax Info

  • Tax Value: 197089.00
  • Tax Location: Landis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Nov 18, 2020
Sold by
Miller Robert J and Miller Kelly C
Bought by
Kostrab Christopher J and Kostrab Jennifer A
Seller's Agent
Diane Honeycutt
Allen Tate Concord
Buyer's Agent
Cheryl Powell
Southern Homes of the Carolinas, Inc
List Price
$245,000
Sold Price
$248,000
Premium/Discount to List
$3,000
1.22%
Current Estimated Value
$383,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,893
Avg. Annual Appreciation
11.05%
Original Mortgage
$243,508
Outstanding Balance
$219,633
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$187,559

Purchase Details

Closed on
May 17, 2006
Sold by
Trinity Lutheran Church
Bought by
Miller Robert J and Miller Kelly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,200
Interest Rate
6.44%
Mortgage Type
Stand Alone Second
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
Kostrab Christopher J $248,000 None Available
Miller Robert J $186,000 Meridian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kostrab Christopher J $243,508
Previous Owner Miller Robert J $182,000
Previous Owner Miller Robert J $187,000
Previous Owner Miller Robert J $37,200
Previous Owner Miller Robert J $148,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2020 11/24/20 Sold $248,000 +1.2% $95 / Sq Ft
10/11/2020 10/11/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $245,000 -- $93 / 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
2025 $3,402 $317,901 $41,250 $276,651
2024 $3,402 $317,901 $41,250 $276,651
2023 $3,402 $317,901 $41,250 $276,651
2022 $2,340 $197,089 $34,500 $162,589
2021 $2,340 $197,089 $34,500 $162,589
2020 $2,340 $197,089 $34,500 $162,589
2019 $2,340 $197,089 $34,500 $162,589
2018 $1,924 $163,786 $34,500 $129,286
2017 $1,843 $163,786 $34,500 $129,286
2016 $1,843 $163,786 $34,500 $129,286
2015 $1,871 $163,786 $34,500 $129,286
2014 $1,922 $170,123 $34,500 $135,623
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3670702

Canopy MLS (Canopy Realtor® Association)

APN: 130-B145