NOT LISTED FOR SALE

503 Morgan Terrace Burlington, NC 27217

North Burlington Neighborhood

Estimated Value: $200,000 - $244,000

4 Beds
2 Baths
1,700 Sq Ft
$128/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $52,000 $31 Per Sq Ft

Est. 304% increase in value since last sale

Current estimated payment $1,209/month

3 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Attached Carport
  • Attic
  • Porch
  • Forced Air Heating and Cooling System

About This Home

As of September 2015

MOVE IN READY INVESTMENT PROPERTY or First time home Buyer. 4 Large bedrooms, 2 full baths and laundry room attached to master bath. Large kitchen with newer appliances and breakfast area. Original hardwoods and fireplace in living room. Large lot with double carport and outbuilding with electrical. DON'T MISS OUT on this GREAT DEAL!

Last Agent to Sell the Property

Crystal Hutchens

Premier Realty NC License #281630 Listed on: 09/11/2015

Last Buyer's Agent

NONMEMBER NONMEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $194

Year Built

  • Built in 1955

Lot Details

  • 0.43 Acre Lot
  • Property is zoned R6

Parking

  • 2 Car Garage
  • Attached Carport

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,587 Sq Ft Home
  • 1,400-1,700 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • Dishwasher
  • Attic

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Mont Clair Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 140070
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$194

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.425
  • Subdivision Name: Mont Clair Hills
  • Directions: Take 70 into Burlington, Turn left onto NC-62/W Holt St, Stay straight to go onto NC-62/Rauhut St. Turn left onto Harvey Dr. Turn right onto Avondale Dr. Take the 1st left onto Morgan Ter
  • Above Grade Finished Sq Ft: 1587
  • Unit Levels: One
  • Year Built: 1955
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1400 - 1700
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Microwave, Cooktop, Dishwasher, Electric Water Heater
  • Flooring: Carpet, Wood
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 1587
  • Main Level Bathrooms: 2
  • Attic Description: Access Only
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached Carport
  • Garage Description: Attached Carport

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 140070
  • Zoning: R6
  • TRIADMLS_PricePerAcre: 129411.7647
  • TRIADMLS_DeedPage: 0500
  • TRIADMLS_DeedBook: 3456
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 193.89
  • Tax Year: 2015
  • TRIADMLS_TaxRate: 0.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2015
Closed on
Sep 30, 2015
Sold by
Intella Investment Group Llc
Bought by
Barboza-Martinez Jesus and Alvarez-Alvarez Magdalena
Seller's Agent
Crystal Hutchens
Premier Realty NC
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$55,000
Sold Price
$52,000
Premium/Discount to List
-$3,000
-5.45%
Current Estimated Value
$209,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,872

Purchase Details

Closed on
Jul 24, 2015
Sold by
Simpson Michael
Bought by
Intella Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,700
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2013
Sold by
Ingle Sub Tr Grady I and Morgan Charlene E
Bought by
Simpson Michael
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
Barboza-Martinez Jesus $52,000 None Available
Intella Investment Group Llc $40,000 --
Simpson Michael $35,039 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Intella Investment Group Llc $50,700
Previous Owner Morgan Charlene E $15,000
Previous Owner Morgan Charlene Edwina $68,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2015 09/30/15 Sold $52,000 -5.5% $37 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $55,000 -- $39 / 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 $792 $168,774 $20,000 $148,774
2023 $1,538 $168,774 $20,000 $148,774
2022 $633 $51,020 $10,000 $41,020
2021 $638 $51,020 $10,000 $41,020
2020 $643 $51,020 $10,000 $41,020
2019 $645 $51,020 $10,000 $41,020
2018 $303 $51,020 $10,000 $41,020
2017 $294 $51,020 $10,000 $41,020
2016 $390 $33,597 $20,000 $13,597
2015 $194 $33,597 $20,000 $13,597
2014 $178 $33,826 $20,000 $13,826
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Crystal Hutchens

    Premier Realty NC

    (336) 268-6889

    79 Total Sales

    Section Image

  • N

    Buyer's Agent in 2015

    NONMEMBER NONMEMBER

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Map

Source: Triad MLS

MLS Number: 771904

Triad MLS

APN: 140070

North Carolina Alamance County Burlington 27217 North Burlington

503 Morgan Terrace, Burlington, NC

This home is located at 503 Morgan Terrace, Burlington, NC 27217 since 11 September 2015 and is currently estimated at $217,610, approximately $128 per square foot. This property was built in 1955. 503 Morgan Terrace is a home located in Alamance County with nearby schools including Hillcrest Elementary School, Turrentine Middle School, and Walter M. Williams High School.

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