NOT LISTED FOR SALE

503 Fairview Dr Lexington, NC 27292

Estimated Value: $274,000 - $332,000

5 Beds
2 Baths
2,673 Sq Ft
$113/Sq Ft Est. Value

Last Sold November 14, 2024

Last sale price $284,000 $106 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,798/month

18 Days on Market

Highlights

  • Living Room with Fireplace
  • No HOA
  • Detached Carport Space
  • Wood Flooring
  • Tankless Water Heater
  • Forced Air Heating and Cooling System

About This Home

As of November 2024

Spacious 5 bedroom home with 2 modernized bathrooms, boasting original hardwood floors. Recent upgrades: new windows, wiring, shingle roof, PEX plumbing, furnace, and fresh paint. Beautifully landscaped for outdoor enjoyment. Move-in ready and full of character!

Last Agent to Sell the Property

Ashley Nicely

Mark Spain Real Estate License #297528 Listed on: 09/04/2024

Mark Spain Real Estate

Last Buyer's Agent

Beth Preston

eXp Realty License #251453

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,358

Year Built

  • Built in 1923

Lot Details

  • 0.48 Acre Lot
  • Property is zoned TN

Parking

  • 4 Car Garage
  • Detached Carport Space
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,673 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • Wood Flooring
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

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

Community Details

  • No Home Owners Association
  • Cecil Property Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11116000B0002
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,358

Year Built

Built in 1923

Lot Details

0.48 Acres

Parking

4

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.4821
  • Subdivision Name: Cecil Property
  • Directions: From Lowes in Lexington, turn left onto Fairview Road. 503 is on the right.
  • Above Grade Finished Sq Ft: 2673
  • Unit Levels: One and One Half
  • Structure Type: House
  • Year Built: 1923
  • TRIADMLS_PrimaryOnMainYN: Yes
  • Idx Status: Sold
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Tankless Water Heater
  • Flooring: Wood
  • Has Basement: Unfinished, Basement
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Living Area: 2673
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Driveway, Detached Carport
  • Garage Description: Detached Carport

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 11116000B0002
  • Zoning: TN

Tax Info

  • Tax Annual Amount: 1357.96
  • Tax Year: 2024
  • TRIADMLS_TaxRate: 1.3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Nov 12, 2024
Sold by
Adams Warren E and Adams Cynthia Ward
Bought by
Canning David and Canning Claire B
Seller's Agent
Ashley Nicely
Mark Spain Real Estate
Buyer's Agent
Beth Preston
eXp Realty
List Price
$299,900
Sold Price
$284,000
Premium/Discount to List
-$15,900
-5.3%
Views
48
Current Estimated Value
$303,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,510
Avg. Annual Appreciation
4.74%
Original Mortgage
$255,600
Outstanding Balance
$253,055
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$49,115

Purchase Details

Listed on
Aug 10, 2013
Closed on
Apr 30, 2015
Sold by
Link Ricky and Musgrave Debbie
Bought by
Adams Warren E and Adams Cynthia Ward
List Price
$79,000
Sold Price
$57,240
Premium/Discount to List
-$21,760
-27.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.26%
Original Mortgage
$57,240
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 29, 2014
Sold by
Link Ricky and Musgrave Debbie
Bought by
Link Ricky and Musgrave Debbie

Purchase Details

Closed on
Oct 19, 2011
Sold by
Link Ricky and Musgrave Debbie Coggins
Bought by
Bell Franklin A and Hedrick Laura Lucile

Purchase Details

Closed on
Oct 19, 1911
Sold by
Link Marie Cecelia
Bought by
Bell Franklin A
Source: Public Records
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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
Canning David $284,000 None Listed On Document
Canning David $284,000 None Listed On Document
Canning David $284,000 None Listed On Document
Adams Warren E $58,000 Attorney
Link Ricky -- None Available
Bell Franklin A $2,000 Chicago Title Insurance Co
Bell Franklin A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canning David $255,600
Closed Canning David $255,600
Previous Owner Adams Warren E $57,240
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2024 11/14/24 Sold $284,000 -1.7% $106 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/15/2024 09/15/24 Price Changed $289,000 -3.6% $108 / Sq Ft
09/04/2024 09/04/24 For Sale $299,900 +423.9% $112 / Sq Ft
04/30/2015 04/30/15 Sold $57,240 -27.5% $24 / Sq Ft View Prior Sale
03/24/2015 03/24/15 Pending -- -- --
08/10/2013 08/10/13 For Sale $79,000 -- $33 / Sq Ft
Source: Triad MLS

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 $2,626 $202,010 $0 $0
2024 $1,358 $104,450 $0 $0
2023 $1,368 $104,450 $0 $0
2022 $1,358 $104,450 $0 $0
2021 $1,358 $104,450 $0 $0
2020 $993 $76,990 $0 $0
2019 $1,009 $76,990 $0 $0
2018 $1,009 $76,990 $0 $0
2017 $1,009 $76,990 $0 $0
2016 $1,009 $76,990 $0 $0
2015 $1,011 $80,210 $0 $0
2014 $1,067 $84,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1154391

Triad MLS

APN: 11-116-0-00B-0002-0-0-0

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