NOT LISTED FOR SALE

505 E Delaware Ave Southern Pines, NC 28387

Estimated Value: $454,000 - $497,000

3 Beds
2 Baths
1,842 Sq Ft
$253/Sq Ft Est. Value

Last Sold August 02, 2024

Last sale price $485,000 $263 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,604/month

8 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Formal Dining Room
  • Pinecrest High School Rated A-
  • No HOA
  • Screened Patio

About This Home

As of August 2024

Welcome to this peaceful haven tucked away in Downtown Southern Pines. This charming 3 bedroom/2 bath cottage is awaiting its new owners to enjoy its private, lush backyard boasting mature landscaping and tall handsome trees that provide plenty of shade. The cottage radiates character and charm featuring comfortable living spaces, an oversized ensuite bath in the master, spacious master closet, and hardwood floors in most living areas. The entire home was remodeled in 2014 by master builder, Bill Reaves, including an addition of the master/ensuite bath. The home is within walking distance of Downtown Southern Pines and the Boyd Tract of Weymouth Woods, and Weymouth trails are easily accessed at the end of Delaware Ave. Quick and Easy commute to Ft. Liberty or Raleigh. The driveway enters both E Delaware and Timber Lane for ease of entry/exit.

Last Agent to Sell the Property

Ashley Haddock

Pinehurst Homes Real Estate, LLC License #295044 Listed on: 06/19/2024

Co-Listed By

Matthew Lupton

Pinehurst Homes Real Estate, LLC License #348422

Last Buyer's Agent

KRISTEN MORACCO

Everything Pines Partners LLC License #312636

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,428

Year Built

  • Built in 1951

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 135x188x135x188
  • Wire Fence
  • Property is zoned RS-1

Home Design

  • Brick Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,842 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Formal Dining Room
  • Attic Access Panel
  • Range
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Screened Patio
  • Shed

Schools

  • Southern Pines Elementary School
  • Crain's Creek Middle School
  • Pinecrest High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Southern Pines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00034807

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,428

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: Basement, One
  • Year Built: 1951
  • Trash Collection: City Pick-UP
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Basement: Exterior Entry, Unfinished
  • Dining Room Type: Formal
  • Fireplace: 1
  • Flooring: LVT/LVP, Wood, Tile
  • Heated Sq Ft: 1800 - 1999
  • Interior Amenities: Master Downstairs
  • Laundry Location: Hookup - Dryer, Laundry Room, Hookup - Washer
  • List Price per Sq Ft: 266.02
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Sq Ft Heated: 1842.00
  • Total Heated Primary Separate Sq Ft: 1842.00

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Shed(s)
  • Fencing: Wire
  • Foundation: Brick/Mortar
  • On Site Pool Spa: None
  • Porch Balcony Deck: Screened
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking Driveway Spaces: 4.00
  • Parking Driveway: Gravel

Utilities

  • Appliances Equipment: Built-In Microwave, Refrigerator, Range
  • Cooling System: Central Air
  • Federal Flood Ins Avlbl: No
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: Town of Southern Pines
  • Service Providers Water Provider: Town of Southern Pines
  • Utilities: Sewer Connected, Water Connected
  • Water Heater: Electric
  • Internet Service Provider: Spectrum
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 103.00
  • Lot Acres: 0.58
  • Lot Dimensions: 135x188x135x188
  • Lot Sq Ft: 25265.00
  • Lot Water Features: None
  • Special Assessments: None Known to Seller
  • Zoning: RS-1

Tax Info

  • Tax Identifier: 00034807
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 2428.15

MLS Schools

  • Elementary School: Southern Pines 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

Listed on
Jun 19, 2024
Closed on
Jul 26, 2024
Sold by
Golden Molloy C and Hood Arlene
Bought by
Fowler William Maxwell and Fowler Alexis Joyce
Seller's Agent
Ashley Haddock
Pinehurst Homes Real Estate, LLC
Buyer's Agent
KRISTEN MORACCO
Everything Pines Partners LLC
List Price
$490,000
Sold Price
$485,000
Premium/Discount to List
-$5,000
-1.02%
Views
9
Current Estimated Value
$465,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,367
Avg. Annual Appreciation
-2.81%
Original Mortgage
$495,427
Outstanding Balance
$489,821
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
-$24,188

Purchase Details

Closed on
Feb 20, 2007
Sold by
Mcneill James E
Bought by
Golden Molloy C and Golden Arlene Summer Hood

Purchase Details

Closed on
Jan 31, 2003
Sold by
Mcneill James E
Bought by
Golden Molloy C and Arlene Summer Hoo
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fowler William Maxwell $485,000 None Listed On Document
Golden Molloy C $177,000 None Available
Golden Molloy C $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fowler William Maxwell $495,427
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2024 08/02/24 Sold $485,000 -1.0% $263 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $490,000 -- $266 / 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 $2,067 $369,300 $159,040 $210,260
2023 $2,132 $369,300 $159,040 $210,260
2022 $2,479 $267,980 $114,040 $153,940
2021 $2,546 $267,980 $114,040 $153,940
2020 $2,568 $267,500 $114,040 $153,460
2019 $2,568 $267,980 $114,040 $153,940
2018 $2,079 $229,750 $95,180 $134,570
2017 $2,056 $229,750 $95,180 $134,570
2015 $1,987 $229,750 $95,180 $134,570
2014 -- $184,500 $59,870 $124,630
2013 -- $184,500 $59,870 $124,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100451355

Hive MLS

APN: 8581-07-68-9830