NOT LISTED FOR SALE

503 W Main St Unit STW Elkin, NC 28621

Estimated Value: $420,000 - $480,000

3 Beds
2.5 Baths
2,700 Sq Ft
$168/Sq Ft Est. Value

Last Sold August 29, 2022

Last sale price $380,000 $141 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,447/month

10 Days on Market

Highlights

  • Den with Fireplace
  • Radiant Floor
  • Solid Surface Countertops
  • Elkin Middle School Rated A
  • Attic
  • No HOA

About This Home

As of August 2022

Showings begin Wed 7/20/22. Welcome home to the West Main Street neighborhood in Elkin! Home features a modern kitchen with amazing leather finish granite countertops, island seating, and a coffee bar with a second sink. Sip your morning coffee in the sunroom just off the kitchen. Bathrooms are newly remodeled. Master bath features heated floors and a spruce t&g ceiling with a cherry beam. Spacious laundry room on the main floor. Sunny rooms and many handmade artistic details can be found throughout - unique light fixtures, tile accents, oak trim, tall baseboards, wainscoting, and built in nooks and crannies. Basement workshop is a perfect craft studio and the carport/garage provide ample space for parking. Large unfinished basement with tall ceilings for flex space. Front garden features many perennials and a row of crepe myrtles for shade and privacy in the summer. This gem will make a great place to call home in the heart of Elkin's downtown. Listing agent has interest in property.

Last Agent to Sell the Property

Kerri Ferrari

Fathom Realty Greensboro License #303348 Listed on: 07/10/2022

Fathom Realty Greensboro

Last Buyer's Agent

Eris Ball

Underdown, Ball & Associates, LLC License #279229

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,503

Year Built

  • Built in 1930

Lot Details

  • 0.41 Acre Lot
  • Property is zoned R12

Parking

  • 2 Car Garage
  • Attached Carport
  • Basement Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 2,540 Sq Ft Home
  • 2,200-2,700 Sq Ft Home
  • Property has 1 Level
  • Wet Bar
  • Ceiling Fan
  • Den with Fireplace
  • 2 Fireplaces
  • Attic
  • Partially Finished Basement

Kitchen

  • Convection Oven
  • Free-Standing Range
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Second Washer
  • Dryer Hookup
  • Second Washer Hookup

Schools

  • Elkin Middle School
  • Elkin High School

Utilities

  • Multiple cooling system units
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 495117124243
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,503

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.41
  • Subdivision Name: None
  • Directions: Driving from Bridge St. going North, Left on West Main Street house on left on the corner of Cedar and West Main.
  • Above Grade Finished Sq Ft: 2540
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1930
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 0 - 200
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2200 - 2700
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Convection Oven, Dishwasher, Slide-In Oven/Range, Range Hood, Electric Water Heater
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Kitchen Island, Solid Surface Counter, Wet Bar
  • Has Basement: Partially Finished, Basement
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 101
  • Fireplace Features: Blower Fan, Den, Primary Bedroom
  • Fireplaces: 2
  • Living Area: 2540
  • Main Level Bathrooms: 3
  • Attic Description: Access Only
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1

Exterior Features

  • Exterior Features: Garden
  • Fencing: Privacy
  • Pool Features: None
  • Construction Type: Aluminum Siding, Brick
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Carport, Driveway, Garage, Garage Door Opener, Attached Carport, Basement
  • Garage Description: Attached Carport, Basement Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: 2nd Washer Connection, Dryer Connection, Main Level, Washer Hookup
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Heat Pump, Multiple Systems
  • Heating: Heat Pump, Radiant Floor, Electric, Oil
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Oil
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Elkin
  • High School: Elkin
  • Middle Or Junior School: Elkin

Lot Info

  • Parcel #: 495117124243
  • Zoning: R12
  • TRIADMLS_PricePerAcre: 926829.2683
  • TRIADMLS_DeedPage: 0124
  • TRIADMLS_DeedBook: 01590
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 2503.39
  • Tax Year: 2023
  • TRIADMLS_TaxRate: 1.228

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2022
Closed on
Aug 29, 2022
Sold by
Schrum Matthew Scott
Bought by
Hoover Alyssa Ryan
Seller's Agent
Kerri Ferrari
Fathom Realty Greensboro
Buyer's Agent
Eris Ball
Underdown, Ball & Associates, LLC
List Price
$369,000
Sold Price
$380,000
Premium/Discount to List
$11,000
2.98%
Current Estimated Value
$413,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,006
Avg. Annual Appreciation
1.85%
Original Mortgage
$300,000
Outstanding Balance
$289,108
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$111,825

Purchase Details

Listed on
Jun 9, 2016
Closed on
Apr 4, 2017
Sold by
Jones Opal Brown
Bought by
Schrum Matthew Scott
Seller's Agent
Gambill Aldridge
Basin Creek Realty
Buyer's Agent
Jeff Nicholson
NorthGroup Real Estate
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.84%
Original Mortgage
$182,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 1, 1952
Source: Public Records

Range of Values:

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Average Value
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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
Hoover Alyssa Ryan $380,000 None Listed On Document
Schrum Matthew Scott $180,000 None Available
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoover Alyssa Ryan $300,000
Previous Owner Schrum Matthew S $237,150
Previous Owner Schrum Matthew S $170,000
Previous Owner Schrum Matthew Scott $182,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2022 08/29/22 Sold $380,000 +3.0% $173 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
07/10/2022 07/10/22 For Sale $369,000 +105.0% $168 / Sq Ft
04/07/2017 04/07/17 Sold $180,000 -4.8% $90 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
06/09/2016 06/09/16 For Sale $189,000 -- $95 / 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 $1,986 $285,610 $23,000 $262,610
2023 $1,577 $285,610 $23,000 $262,610
2022 $1,395 $201,600 $23,000 $178,600
2021 $1,417 $201,600 $23,000 $178,600
2020 $1,475 $200,230 $23,000 $177,230
2019 $1,472 $200,230 $23,000 $177,230
2018 $1,448 $200,230 $0 $0
2017 $1,605 $219,320 $0 $0
2016 $1,221 $207,720 $0 $0
2013 -- $173,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1076712

Triad MLS

APN: 4951-17-12-4243