NOT LISTED FOR SALE

505 Meadowland Ct Unit 4 Hope Mills, NC 28348

South View Neighborhood

Estimated Value: $100,000

3 Beds
2 Baths
1,320 Sq Ft
$150/mo HOA Fee

Last Sold June 10, 2019

Last sale price $85,500 $65 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $774/month

64 Days on Market

Highlights

  • Gated Community
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Brick Veneer
  • Combination Dining and Living Room

About This Home

As of June 2019

This is a great opportunity to own an affordable home in Hope Mills. You'll appreciate the benefits of living in this first floor, 3 bedroom 2 bath condo within a gated neighborhood. Located off Elk Road, this condo is in close proximity to South View Schools, Fayetteville Airport, Hope Mills Lake, I-95 and the Hope Mills Bypass. The split floor plan has the master bedroom separated from the other bedrooms. Enjoy an open floor plan with fireplace in the living room, large dining area and kitchen with breakfast bar. There's lots of storage, a large laundry room with storage and covered porch for relaxing at the end of the day. If you want to own your own home with mortgage payments less than rent plus have no yard work, this is the place for you. Affordable, easy and secure living.

Last Agent to Sell the Property

PETRA WADDELL

HOMETOWN REAL ESTATE SERVICES LLC License #225077 Listed on: 02/24/2019

Last Buyer's Agent

STEVE COHEN

THE KEY GROUP License #183901

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $693

Year Built

  • Built in 1998

Lot Details

  • 5,663

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Brick Veneer

Interior Spaces

  • 1,320 Sq Ft Home
  • Electric Fireplace
  • Combination Dining and Living Room
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Ed V. Baldwin Elementary School
  • South View Middle School
  • South View Senior High School

Additional Features

  • Covered Patio or Porch
  • Property is in good condition
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0424-36-3280-204

Community Details

Overview

  • Elk Ridge At Southview HOA
  • Elk Ridge Subdivision

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$693

Year Built

Built in 1998

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Inclusions: None
  • Ownership: More than a year
  • Subdivision Name: ELK RIDGE
  • Directions: From Raeford Rd turn onto Hwy 59/ Hope Mills Rd heading towards Hope Mills. Cross over Legion Rd and turn left into complex onto Meadowland just past South View High School. After entering the complex turn right and unit is in first building on the left. First floor unit #4
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1998
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Microwave, Range, Refrigerator
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Electric
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Living/Dining Room
  • Living Area: 1320.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Exclusions: None
  • Home Warranty: No
  • Construction Type: Brick Veneer
  • Patio And Porch Features: Covered, Patio
  • Property Condition: Good Condition

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Gated Community
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 150.0
  • Association Fee Frequency: Monthly
  • Association Name: ELK RIDGE AT SOUTHVIEW HOA
  • Association: Yes

Schools

  • Elementary School: Ed V. Baldwin Elementary
  • High School: South View Senior High
  • Middle Or Junior School: South View Middle School

Lot Info

  • Parcel #: 0424-36-3280-204
  • Zoning Description: PND - Planned Neighborhood
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2019
Closed on
May 10, 2019
Sold by
Ybarra Maricela G
Bought by
Tisor Lucretia F
Seller's Agent
PETRA WADDELL
HOMETOWN REAL ESTATE SERVICES LLC
Buyer's Agent
STEVE COHEN
THE KEY GROUP
List Price
$89,000
Sold Price
$85,500
Premium/Discount to List
-$3,500
-3.93%
Current Estimated Value
$100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,500
Original Mortgage
$68,400
Outstanding Balance
$60,137
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2011
Sold by
Guzman Byrd Felee M
Bought by
Ybarra Maricela G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,045
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2006
Sold by
Phillips Hilda I
Bought by
Byrd Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,531
Interest Rate
6.58%
Mortgage Type
VA

Purchase Details

Closed on
May 25, 2001
Sold by
Est Martha J Payton
Bought by
Phillips Hilda I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
7.11%

Purchase Details

Closed on
Apr 15, 2000
Sold by
Elk Ridge At Southview L
Bought by
Payton Martha J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,800
Interest Rate
8.28%
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
Tisor Lucretia F $86,000 Single Source Real Est Svcs
Ybarra Maricela G $90,000 --
Byrd Keith $95,000 --
Phillips Hilda I $81,000 --
Payton Martha J $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tisor Lucretia F $68,400
Previous Owner Ybarra Maricela G $93,045
Previous Owner Byrd Keith $96,531
Previous Owner Phillips Hilda I $61,000
Previous Owner Payton Martha J $68,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2019 06/10/19 Sold $85,500 -3.9% $65 / Sq Ft
04/30/2019 04/30/19 Pending -- -- --
02/24/2019 02/24/19 For Sale $89,000 -- $67 / Sq Ft
Source: Longleaf Pine REALTORS®

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
2019 $693 $69,400 $5,500 $63,900
2018 -- $69,400 $5,500 $63,900
2017 -- $69,400 $5,500 $63,900
2016 -- $97,400 $6,000 $91,400
2015 -- $97,400 $6,000 $91,400
2014 -- $97,400 $6,000 $91,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Longleaf Pine REALTORS®

MLS Number: 601449

Longleaf Pine REALTORS®

APN: 0424-36-3280-204