NOT LISTED FOR SALE

505 Pee Dee Ave Albemarle, NC 28001

Estimated Value: $306,000 - $343,000

5 Beds
2 Baths
2,646 Sq Ft
$122/Sq Ft Est. Value

Last Sold January 14, 2019

Last sale price $168,000 $63 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,937/month

129 Days on Market

Highlights

  • Wood Flooring
  • Cottage
  • Wet Bar
  • Attic
  • Fireplace
  • Walk-In Closet

About This Home

As of January 2019

This 1930 Bungalow located in Albemarle historic Pee Dee Ave has so much to offer! Over 2,600 heated square feet which includes 5 beds, 2 baths, hardwood floors, original bath tiles, original French doors, covered front porch, and easy to maintain lot. Master on the main! Walkable to restaurants, library and downtown!

Last Agent to Sell the Property

Mary Allen

Corcoran HM Properties License #188051 Listed on: 05/08/2018

Corcoran HM Properties

Last Buyer's Agent

Mena Effat

United Real Estate-Queen City License #296712

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 10,454

Home Design

  • Cottage

Interior Spaces

  • Wet Bar
  • Fireplace
  • Storm Doors
  • Attic

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 654801456337

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 0.93385
  • Ratio Close Price By Original Li: 0.86198
  • Ratio Current Price By Acre: 700000.00
  • Ratio Current Price By Sq Ft: 63.49
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 1133
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 5
  • Doors and Windows: Storm Door(s)
  • Equipment: Dryer, Dishwasher, Electric Dryer Hookup, Electric Range, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Walk-in, Basement Shop, Walk-In Closet(s), Wet Bar
  • Laundry Location: Main, Utility Room
  • Room Count: 2
  • Main Level Sq Ft: 1513
  • Total Sq Ft: 2646
  • Sq Ft Unheated Lower: 958
  • Sq Ft Unheated Total: 958

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Carport - 1 Car

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Sidewalk

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 55x194
  • Lot Features: Sloping
  • Lot Size Area: 0.240
  • Parcel Number: 654801456337
  • Plat Reference Section Pages: 59
  • Zoning Specification: Res

Tax Info

  • Tax Value: 116460.00
  • Tax Location: Albemarle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2022
Sold by
Ramos Victoria
Bought by
Ramos Victoria and Ramos Eliberto
Current Estimated Value
$322,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,780
Outstanding Balance
$211,941
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$111,202

Purchase Details

Closed on
Apr 1, 2020
Sold by
Ramos Victoria and Ramos Deanna Louisa
Bought by
Ramos Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 8, 2018
Closed on
Jan 15, 2019
Sold by
Liles Richard V
Bought by
Ramos Victoria and Ramos Deanna Louisa
Seller's Agent
Mary Allen
Corcoran HM Properties
Buyer's Agent
Mena Effat
United Real Estate-Queen City
List Price
$194,900
Sold Price
$168,000
Premium/Discount to List
-$26,900
-13.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$136,752
Interest Rate
5.75%
Mortgage Type
FHA
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
Ramos Victoria -- --
Ramos Victoria -- None Available
Ramos Victoria $168,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Victoria $6,541
Open Ramos Victoria $219,780
Previous Owner Ramos Victoria $143,200
Previous Owner Ramos Victoria $136,752
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2019 01/14/19 Sold $168,000 -6.6% $63 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
09/07/2018 09/07/18 Price Changed $179,900 -5.3% $68 / Sq Ft
06/15/2018 06/15/18 Price Changed $189,900 -2.6% $72 / Sq Ft
05/08/2018 05/08/18 For Sale $194,900 -- $74 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $2,143 $175,670 $12,820 $162,850
2023 $2,143 $175,670 $12,820 $162,850
2022 $2,143 $175,670 $12,820 $162,850
2021 $2,143 $175,670 $12,820 $162,850
2020 $2,186 $168,584 $10,989 $157,595
2019 $1,526 $116,460 $10,989 $105,471
2018 $1,526 $116,460 $10,989 $105,471
2017 $1,467 $116,460 $10,989 $105,471
2016 $1,431 $113,603 $10,989 $102,614
2015 $1,446 $113,603 $10,989 $102,614
2014 $1,488 $113,603 $10,989 $102,614
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3389138

Canopy MLS (Canopy Realtor® Association)

APN: 6548-01-45-6337