NOT LISTED FOR SALE

505 Cottage Ln Unit 505 Southern Pines, NC 28387

Estimated Value: $606,000 - $768,152

4 Beds
3 Baths
2,766 Sq Ft
3.37 Acres

Last Sold November 15, 2022

Last sale price $425,000 $154 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,850/month

53 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Main Floor Primary Bedroom
  • Pinecrest High School Rated A-
  • Wood Flooring
  • Attic

About This Home

As of November 2022

Welcome to the luxury of turnkey, maintenance free, upscale living with a well-designed floor plan offering main level living and privacy for guests on the upper level. This amazing home is located between Pinehurst and Southern Pines and is convenient to First Health, the medical complexes, Sandhills Community College, shopping and multiple golf courses and clubs. 505 Cottage Lane overlooks the 18th tee box and has many upgrades including new interior paint, addition of a library on the upper level, new granite counters and faucet in the kitchen, new custom cabinetry and counters in the downstairs guest bathroom, new custom breakfront in the sunroom, plus the addition of new chandeliers and some overhead LED lighting. In addition, all closet shelves have been changed to wooden shelves and brackets. Custom shelving has been added to the loft as well. The home has an open floor plan with high ceilings and abundant light. All windows have Plantation shutters and hardwoods warm the main living areas. The foyer with its two-story ceiling flows towards an open dining room, living room and sunroom. The dining room overlooks the kitchen with white cabinets, granite counters and stainless appliances. There's plenty of pantry space in the kitchen. The dining room has triple windows, and a gorgeous chandelier lights the room. The living room also has two-story ceilings and hosts a fireplace with gas logs. The sunroom has French doors overlooking the deck and golf course and is home to the new breakfront which houses the TV, books and other keepsakes. The primary bedroom offers spaciousness, light and has plenty of closet space. The master bath has his/her sinks, a garden tub and a shower. Bedroom two is also on the main level and has an adjacent full bath. This room is currently being used as an office and could also be used as a den. Upstairs a loft looks over the living room and dining rooms and is a special place to read. Bedrooms three and four are on the upper level.

Last Agent to Sell the Property

Scarlett Allison

Pines Sotheby's International Realty License #221538 Listed on: 08/24/2022

Pines Sotheby's International Realty

Last Buyer's Agent

Jamie Moss

RE/MAX Southern Realty License #126128

RE/MAX Southern Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,254

Year Built

  • Built in 2008

Lot Details

  • Property fronts a private road
  • Irrigation

Home Design

  • Brick or Stone Mason
  • Wood Frame Construction
  • Composition Roof
  • Concrete Siding
  • Stone Siding
  • Stick Built Home

Interior Spaces

  • 2,766 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Crawl Space
  • Partially Finished Attic

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Pest Guard System
  • Termite Clearance

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Schools

  • Mcdeeds Creek Elementary School
  • Crain's Creek Middle School
  • Pinecrest High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Municipal Trash

Additional Features

  • Deck
  • Property is near a golf course

Listing and Financial Details

  • Assessor Parcel Number 20090024101

Community Details

Overview

  • Property has a Home Owners Association
  • Roof Maintained by HOA
  • Longleaf CC Subdivision
  • Maintained Community

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,254

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: A
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Block, Brick/Stone, Concrete, Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2008
  • Trash Collection: City Pick-UP
  • Road Frontage Type: Golf Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: Floored - Partial, Walk-In
  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 2600 - 2799
  • Interior Amenities: 1st Floor Master, Blinds/Shades, Bookcases, Ceiling - Vaulted, Ceiling Fan(s), Foyer, Gas Logs, Pantry, Smoke Detectors, Walk-in Shower, Walk-In Closet
  • Laundry Location: Room
  • List Price per Sq Ft: 178.96
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 4
  • Bedroom 2 Level: Main
  • Bedroom 3 Level: Upper
  • Bedroom 4 Level: Upper
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Laundry Level: Main
  • Living Room Level: Main
  • Primary Bedroom Level: Main
  • Sunroom Level: Main
  • Sq Ft Heated: 2766.00
  • Total Heated Primary Separate Sq Ft: 2766.00

Exterior Features

  • Exterior Features: Gas Logs, Irrigation System
  • Exterior Finish: Fiber Cement, Stone
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Deck
  • Road Type Frontage: Paved, Private
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Concrete, Garage Door Opener

Utilities

  • Appliances Equipment: Dishwasher, Disposal, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
  • Cooling System: Central, Heat Pump, Zoned
  • Fuel Tank: None
  • Heating System: Heat Pump, Zoned
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Natural Gas Provider: Piedmont Natural Gas Co.
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric, Natural Gas

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Maint - Grounds, Maint - Roads, Maintenance Structure, Management, Pest Control, Roof, Termite Bond

Lot Info

  • Deed Book: 5317
  • Deed Page: 202.00
  • Lot Sq Ft: 2766.00
  • Zoning: RS1-CD

Tax Info

  • Tax Identifier: 20090024101
  • Tax Year: 2022
  • Total City Real Estate Property Tax: 1407.16
  • Total Real Estate Property Taxes: 3254.06

MLS Schools

  • Elementary School: McDeeds Creek Elementary
  • High School: Pinecrest High
  • Middle School: Crain's Creek Middle
  • School District: Moore County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2019
Sold by
Nc One Llc
Bought by
Meadow Cottages Condominium Assn Inc
Current Estimated Value
$686,538

Purchase Details

Closed on
Apr 23, 2009
Sold by
Nc One Llc
Bought by
Williams Michael D and Williams Patricia T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Meadow Cottages Condominium Assn Inc -- None Available
Williams Michael D $350,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Michael D $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2022 11/15/22 Sold $425,000 -14.1% $154 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
09/20/2022 09/20/22 Price Changed $495,000 -3.9% $179 / Sq Ft
09/01/2022 09/01/22 For Sale $515,000 +47.1% $186 / Sq Ft
05/01/2020 05/01/20 Sold $350,000 0.0% $134 / Sq Ft View Prior Sale
04/01/2020 04/01/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $350,000 -- $134 / Sq Ft
Source: Hive 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 -- $6,240 $6,240 $0
2023 $2,996 $6,240 $6,240 $0
2022 $0 $4,800 $4,800 $0
2021 $3,342 $4,800 $4,800 $0
2020 $3,371 $4,800 $4,800 $0
2019 $3,371 $4,800 $4,800 $0
2018 $1,339 $228,000 $228,000 $0
2017 $2,976 $228,000 $228,000 $0
2015 $1,972 $228,000 $228,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100346030

Hive MLS

APN: 857200399541