NOT LISTED FOR SALE

505 Backwoods Ln Colfax, NC 27235

Colfax Neighborhood

Estimated Value: $345,422 - $387,000

2 Beds
2 Baths
1,700 Sq Ft
$218/Sq Ft Est. Value

Last Sold February 29, 2020

Last sale price $249,900 $147 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,121/month

5 Days on Market

Highlights

  • Pool House
  • Maid or Guest Quarters
  • No HOA
  • Colfax Elementary School Rated A-
  • Partially Wooded Lot
  • Porch

About This Home

As of February 2020

Desirable Colfax location! Lower taxes and no HOA! Remodeled brick ranch, 1.50 acre. Newer heat pump w/dehumidifier and new ductwork. All 4 structures have security system installed. 2 car garage, separate guest house (2 rooms), wired workshop, and pool house structure (needs renovations). Rural setting close to WS, HP and G'boro. VA & K'ville hospital close by. Septic permit says 2 bedrooms but there's a bonus room w/closet. Agent related to sellers.

Last Agent to Sell the Property

Judy Everett

Everett Properties License #223881 Listed on: 01/31/2020

Last Buyer's Agent

Heather Nicole Shelton

Real Broker LLC License #288035

Real Broker LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,573

Year Built

  • Built in 1985

Lot Details

  • 1.5 Acre Lot
  • Rural Setting
  • Partially Wooded Lot
  • Property is zoned AG

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,575 Sq Ft Home
  • 1,400-1,700 Sq Ft Home
  • Property has 1 Level
  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Free-Standing Range
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Maid or Guest Quarters
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Pool House
  • In Ground Pool

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Southwest Middle School
  • Southwest High School

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 0169093
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,573

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 1.5
  • Subdivision Name: None
  • Directions: Macy Grove Rd. to S. Bunker Hill to Backwoods Lane
  • Above Grade Finished Sq Ft: 1575
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1985
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1400 - 1700
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Slide-In Oven/Range, Range Hood, Electric Water Heater
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Guest Quarters, Built-in Features, Ceiling Fan(s), Dead Bolt(s)
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 1575
  • Main Level Bathrooms: 2
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: Yes
  • Basement YN: No

Exterior Features

  • Exterior Features: Remarks
  • Lot Features: Natural Land, Partially Wooded, Rural
  • Pool Features: In Ground
  • Exclusions: Water Purification System Not Staying. reverse Osmosis Under Kitchen Sink Not Staying.
  • Construction Type: Brick
  • Other Structures: Pool House, Storage
  • TRIADMLS_PoolYN: Yes

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Colfax
  • High School: Southwest
  • Middle Or Junior School: Southwest

Lot Info

  • Parcel #: 0169093
  • Zoning: AG
  • TRIADMLS_PlatBook: 77-113
  • TRIADMLS_AcresRange: 1 - 2

Tax Info

  • Tax Annual Amount: 1573
  • Tax Lot: 21
  • Tax Year: 2019
  • TRIADMLS_TaxRate: 0.8664

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2020
Closed on
Mar 19, 2020
Sold by
Ribbon Homes Spv Ii Llc
Bought by
Hopkins Randy L
Seller's Agent
Judy Everett
Everett Properties
Buyer's Agent
Heather Nicole Shelton
Real Broker LLC
Sold Price
$249,900
Current Estimated Value
$370,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,956
Avg. Annual Appreciation
6.98%
Original Mortgage
$252,424
Outstanding Balance
$223,131
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$147,725

Purchase Details

Listed on
Jan 31, 2020
Closed on
Feb 25, 2020
Sold by
Everett Dani and Everett Kerri
Bought by
Ribbon Home Spv Ii Llc
Seller's Agent
Judy Everett
Everett Properties
Buyer's Agent
Heather Nicole Shelton
Real Broker LLC
Sold Price
$249,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,424
Outstanding Balance
$223,131
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$147,725

Purchase Details

Closed on
May 3, 2013
Sold by
Lee Herman Fredrick and Lee Herman F
Bought by
Lee Herman Fredrick and Everett Daniel Shane

Purchase Details

Closed on
Jan 31, 1996
Bought by
Lee Herman F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hopkins Randy L $250,000 None Available
Ribbon Home Spv Ii Llc $250,000 None Available
Lee Herman Fredrick -- Chicago Title Ins Co
Lee Herman F $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hopkins Randy L $252,424
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2020 02/29/20 Sold $249,900 -- $179 / 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
2025 $2,189 $252,600 $54,000 $198,600
2024 $2,189 $252,600 $54,000 $198,600
2023 $2,189 $252,600 $54,000 $198,600
2022 $2,146 $252,600 $54,000 $198,600
2021 $1,864 $215,100 $38,400 $176,700
2020 $1,573 $215,100 $38,400 $176,700
2019 $1,573 $181,500 $0 $0
2018 $1,565 $181,500 $0 $0
2017 $1,565 $181,500 $0 $0
2016 $1,499 $168,300 $0 $0
2015 $1,508 $168,300 $0 $0
2014 $1,525 $168,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Judy Everett

    Everett Properties

    (336) 749-0098

    22 Total Sales

    Judy Everett
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Map

Source: Triad MLS

MLS Number: 964976

Triad MLS

APN: 0169093

North Carolina Guilford County Colfax 27235 Colfax

505 Backwoods Ln, Colfax, NC

Not Listed for Sale

Detached

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