NOT LISTED FOR SALE

505 Gaines Chapel Rd Efland, NC 27243

Cheeks Neighborhood

Estimated Value: $192,000 - $303,000

3 Beds
2 Baths
1,159 Sq Ft
$222/Sq Ft Est. Value

Last Sold May 12, 2021

Last sale price $209,000 $180 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,526/month

35 Days on Market

Highlights

  • Deck
  • Kitchen Island
  • Carpet
  • Cooling Available
  • Landscaped
  • Heat Pump System

About This Home

As of May 2021

OFFER DEADLINE 9 PM TUES 4/6. Completely remodeled 1-story gem, seconds to Hwy 70 & mins to I-40: convenient to Duke, UNC, DT Mebane, Elon. ALL NEW EVERYTHING: windows, water heater, flooring, paint, HVAC, roof, deck, covered porch, kitchen w/ all new appliances, gracious island, stylish butcherblock counters, pantry & custom lighting. Open living/kitchen flows to unique "work space", full of natural light, leads to rear deck. Completely renovated 2 full bathrms, LVT floors thruout. All work permitted. Seller is NC licensed broker.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,375

Year Built

  • 1942

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 103x141x100x137
  • Landscaped

Parking

  • Parking Pad

Home Design

  • Vinyl Siding

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • 1-Story Property
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 9844-66-6232-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,375

Year Built

1942

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.41
  • Lot Size: 103X141X100X137
  • Directions: From Mebane, take 70 east. Right onto Gaines Chapel. Road winds around to cross tracks, house on right at the end.
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1942
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Kitchen Island, Other, Pantry

Exterior Features

  • Lot Features: Landscaped, Other
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Parking Pad

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 17424.0
  • Parcel #: 9844-66-6232-000
  • Zoning Description: RES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2021
Closed on
May 11, 2021
Sold by
Carpinus Holdings Llc
Bought by
Flores Dora Diaz
List Price
$169,000
Sold Price
$209,000
Premium/Discount to List
$40,000
23.67%
Current Estimated Value
$257,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,683
Avg. Annual Appreciation
4.62%
Original Mortgage
$198,550
Outstanding Balance
$181,836
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$71,362

Purchase Details

Closed on
Oct 18, 2018
Sold by
New Village Llc
Bought by
Carpinus Holdings Llc

Purchase Details

Closed on
Sep 21, 2018
Sold by
Jackson Joan and Fred Loftin Irrevocable Trust
Bought by
New Village Llc

Purchase Details

Closed on
May 25, 2012
Sold by
Green Almeida and Fred Loftin Irrevocable Trust
Bought by
Fred Loftin Irrevocable Trust

Purchase Details

Closed on
Jan 4, 2011
Sold by
Loftin Fred and Fred Loftin Living Trust
Bought by
Almeida Jackson Joan and Almeida Green

Purchase Details

Closed on
Oct 10, 2004
Sold by
Loftin Fred
Bought by
Loftin Fred and Fred Loftin Living Trust

Purchase Details

Closed on
Mar 4, 2004
Sold by
Jackson Joan Loftin and Jackson Haywood
Bought by
Loftin Fred
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Flores Dora Diaz $209,000 None Available
Carpinus Holdings Llc $49,000 None Available
New Village Llc $28,500 None Available
Fred Loftin Irrevocable Trust -- None Available
Almeida Jackson Joan -- None Available
Loftin Fred -- --
Loftin Fred -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Dora Diaz $198,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2021 05/12/21 Sold $209,000 +23.7% $180 / Sq Ft
05/08/2021 05/08/21 Pending -- -- --
04/03/2021 04/03/21 For Sale $169,000 -- $146 / Sq Ft
Source: Alamance Multiple Listing Service

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 $1,375 $128,100 $14,800 $113,300
2023 $1,344 $128,100 $14,800 $113,300
2022 $1,313 $128,100 $14,800 $113,300
2021 $1,284 $128,100 $14,800 $113,300
2020 $1,264 $119,900 $14,800 $105,100
2018 $0 $99,400 $14,800 $84,600
2017 $992 $99,400 $14,800 $84,600
2016 $992 $93,334 $16,220 $77,114
2015 $992 $93,334 $16,220 $77,114
2014 $972 $93,334 $16,220 $77,114
Source: Public Records

Map

Source: Alamance Multiple Listing Service

MLS Number: 116844

APN: 9844666232

North Carolina Orange County Efland 27243 Cheeks

505 Gaines Chapel Rd, Efland, NC

This home is located at 505 Gaines Chapel Rd, Efland, NC 27243 since 03 April 2021 and is currently estimated at $257,683, approximately $222 per square foot. This property was built in 1942. 505 Gaines Chapel Rd is a home located in Orange County with nearby schools including Efland Cheeks Elementary School, Gravelly Hill Middle, and The Expedition School.

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