503 Spence Ave Gibsonville, NC 27249
3
Beds
3
Baths
1,967
Sq Ft
0.43
Acres
Highlights
- Cathedral Ceiling
- Hydromassage or Jetted Bathtub
- 1 Fireplace
- Wood Flooring
- Attic
- Fenced Yard
About This Home
As of April 2025Fabulous Opportunity! No Hoa Dues Here! Custom Ranch W 3Br/3Ba & Bonus Rm, Dbl Garage In Western District! Manicured Lot - Absolutely Beautiful Landscaping! Privacy Fenced Back Offers That Special Space For The Owner, Complete With Bricked Patio And Lots Of Raised Beds. Convenient To I40/85, In The Heart Of The Elon/Gibsonville Area W Easy Access To Elon University, Shopping, Restaurants & More! Priced For Quick Sell!!
Last Agent to Sell the Property
Allen Tate/Burlington License #234134 Listed on: 12/08/2015
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,841
Year Built
- 1994
Lot Details
- 0.43 Acre Lot
- Fenced Yard
- Landscaped
- Irregular Lot
Parking
- Attached Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- 1-Story Property
- Cathedral Ceiling
- 1 Fireplace
- Insulated Windows
- Pull Down Stairs to Attic
- Dryer
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
- Hydromassage or Jetted Bathtub
Outdoor Features
- Patio
- Exterior Lighting
- Outdoor Storage
Utilities
- Cooling Available
- Heating System Uses Gas
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 8845249217
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2025
Closed on
Mar 27, 2025
Sold by
Hill Aaron and Stanley Christy S
Bought by
Mills Steven B and Mills Kathryn
Seller's Agent
NONMEMBER NONMEMBER
Buyer's Agent
Meagan Nicholson
List Price
$505,000
Sold Price
$505,000
Total Days on Market
50
Views
1
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-36.60%
Original Mortgage
$404,000
Outstanding Balance
$404,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$69,788
Purchase Details
Closed on
Aug 19, 2022
Sold by
Bridgette Hill
Bought by
Hill Aaron P
Purchase Details
Closed on
Oct 21, 2019
Sold by
Hill Aaron P and Hill Bridgette
Bought by
Hill Aaron P and Hill Bridgette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,707
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 6, 2017
Sold by
Allison Adam Chadwick and Allison Bridgett Nicole
Bought by
Hill Aaron
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 8, 2015
Closed on
Jan 22, 2016
Sold by
Loy Freeman R and Loy Myra G
Bought by
Allison Adam Chadwick and Allison Bridgette Nicole
Seller's Agent
Karen Lyon
Allen Tate/Burlington
Buyer's Agent
Carol Maddox
Elevation Realty, LLC
List Price
$250,000
Sold Price
$250,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$250,000
Interest Rate
3.92%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 22, 2008
Sold by
Dixon Susan A
Bought by
Loy Freeman R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.12%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $505,000 | None Listed On Document | |
| Deed | -- | Carter Ashley L | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $250,000 | Attorney | |
| Warranty Deed | $250,000 | Attorney | |
| Special Warranty Deed | $275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $404,000 | New Conventional | |
| Previous Owner | $334,707 | New Conventional | |
| Previous Owner | $335,949 | New Conventional | |
| Previous Owner | $225,000 | New Conventional | |
| Previous Owner | $250,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $225,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | Sold | $505,000 | 0.0% | $186 / Sq Ft |
| 04/07/2025 04/07/25 | For Sale | $505,000 | +102.0% | $186 / Sq Ft |
| 02/26/2016 02/26/16 | Sold | $250,000 | 0.0% | $127 / Sq Ft |
| 01/27/2016 01/27/16 | Pending | -- | -- | -- |
| 12/08/2015 12/08/15 | For Sale | $250,000 | -- | $127 / Sq Ft |
Source: Alamance Multiple Listing Service
Tax History Compared to Growth
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 | $4,841 | $504,748 | $50,000 | $454,748 |
| 2023 | $4,654 | $504,748 | $50,000 | $454,748 |
| 2022 | $3,475 | $295,940 | $45,000 | $250,940 |
| 2021 | $3,504 | $295,940 | $45,000 | $250,940 |
| 2020 | $3,496 | $292,827 | $45,000 | $247,827 |
| 2019 | $3,210 | $267,516 | $45,000 | $222,516 |
| 2018 | $0 | $267,516 | $45,000 | $222,516 |
| 2017 | $1,544 | $267,516 | $45,000 | $222,516 |
| 2016 | $2,951 | $270,749 | $45,000 | $225,749 |
| 2015 | $1,562 | $270,749 | $45,000 | $225,749 |
| 2014 | $1,428 | $270,749 | $45,000 | $225,749 |
Source: Public Records
Agents Affiliated with this Home
-
N
Seller's Agent in 2025
NONMEMBER NONMEMBER
-
Meagan Nicholson
Buyer's Agent in 2025
Meagan Nicholson
(336) 269-4744
11 in this area
81 Total Sales
-
Karen Lyon
Seller's Agent in 2016
Karen Lyon
Allen Tate/Burlington
(336) 263-1454
6 in this area
65 Total Sales
-
Carol Maddox
C
Buyer's Agent in 2016
Carol Maddox
Elevation Realty, LLC
4 in this area
42 Total Sales
Map
Source: Alamance Multiple Listing Service
MLS Number: 89788
APN: 107746
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