505 S 5th St Spring Lake, NC 28390
Estimated Value: $239,000 - $258,000
4
Beds
2
Baths
2,449
Sq Ft
$101/Sq Ft
Est. Value
Highlights
- Wood Burning Stove
- Ranch Style House
- 1 Fireplace
- Wooded Lot
- Wood Flooring
- Granite Countertops
About This Home
As of May 2022You Are Home in this beautiful newly remodeled charming southern rambling ranch. Nestled in a quiet established neighborhood in Spring Lake, it's minutes to Ft. Bragg with an easy drive to shopping and restaurants and a quick access to I-295. This house has a large eat-in kitchen, formal dining, formal living and a great room with a wood stove insert fireplace. Newly renovated throughout, including new bathrooms, new kitchen, SS appliances, new granite countertops, new LVP flooring, new stained wood floors, new paint throughout, new fixtures, newly paved driveway, and so many more to list, you have to come see for yourself! The bedrooms are all large and the primary room comes with a separate double closet. In addition, a brick building/workshop or a potential extended flex room awaits just steps from the home that sits on concrete flooring with electrical power. Two more additional separate storage sheds also come with the property.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,466
Year Built
- Built in 1961
Lot Details
- Level Lot
- Cleared Lot
- Wooded Lot
- Property is zoned R10 - Residential Distric
Parking
- 1 Attached Carport Space
Home Design
- Ranch Style House
- Brick Veneer
Interior Spaces
- Ceiling Fan
- 1 Fireplace
- Wood Burning Stove
- Crawl Space
Kitchen
- Eat-In Kitchen
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
- Luxury Vinyl Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Washer and Dryer
Outdoor Features
- Outdoor Storage
Utilities
- Heating System Uses Gas
- Propane
Community Details
- No Home Owners Association
- Spring Lake Subdivision
Listing and Financial Details
- Assessor Parcel Number 0501-94-9471
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 19, 2022
Closed on
Apr 20, 2022
Sold by
New Fortune Investments Nc Llc
Bought by
Shelton Samuel
Seller's Agent
MADONNA SORIANO
SPOAT JACKSON & BROWNE LLC
List Price
$265,000
Sold Price
$230,000
Premium/Discount to List
-$35,000
-13.21%
Total Days on Market
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,769
Avg. Annual Appreciation
2.33%
Original Mortgage
$234,136
Interest Rate
4.42%
Mortgage Type
VA
Purchase Details
Listed on
Oct 6, 2021
Closed on
Nov 2, 2021
Sold by
Department Of Veterans Affairs
Bought by
New Fortune Investments Nc Llc
Seller's Agent
John Bunce
RE/MAX CHOICE
List Price
$110,000
Sold Price
$130,000
Premium/Discount to List
$20,000
18.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
289.01%
Original Mortgage
$147,000
Interest Rate
3.09%
Mortgage Type
Commercial
Purchase Details
Closed on
May 12, 2020
Sold by
Penvmac Loan Services Llc
Bought by
Secretary Of Veterans Affairs
Purchase Details
Closed on
Mar 18, 2020
Sold by
Freeman Dustin L and Freeman Brandie L
Bought by
Pennymac Loan Services Llc
Purchase Details
Listed on
Dec 6, 2017
Closed on
Apr 6, 2018
Sold by
Hameed Babar and Babar Beenish
Bought by
Freeman Dustin L and Dean Brandie L
Seller's Agent
David Sattelmeyer
CENTURY 21 The Realty Group
Buyer's Agent
Gary Futch, CCIM
GRANT-MURRAY HOMES
List Price
$129,900
Sold Price
$129,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.43%
Original Mortgage
$132,692
Interest Rate
4.43%
Mortgage Type
VA
Purchase Details
Listed on
Sep 20, 2017
Closed on
Oct 19, 2017
Sold by
Secretary Of Veterans Affairs An Officer
Bought by
Hameed Babar
Seller's Agent
John Bunce
RE/MAX CHOICE
List Price
$65,157
Sold Price
$65,157
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
348.13%
Purchase Details
Closed on
Aug 7, 2017
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Veterans Affairs An Officer
Purchase Details
Closed on
Jul 29, 2017
Sold by
Patterson Hillary Forney
Bought by
Wells Fargo Bank Na
Purchase Details
Closed on
Nov 30, 2010
Sold by
Wright Eugene E
Bought by
Jackson Christopher
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,902
Interest Rate
4.31%
Mortgage Type
VA
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Similar Homes in Spring Lake, NC
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shelton Samuel | $460 | Washburn Law Pllc | |
| New Fortune Investments Nc Llc | -- | Tiago National Title Llc | |
| Secretary Of Veterans Affairs | -- | None Available | |
| Pennymac Loan Services Llc | $101,701 | None Available | |
| Freeman Dustin L | $130,000 | Attorney | |
| Hameed Babar | -- | None Available | |
| Secretary Of Veterans Affairs An Officer | -- | None Available | |
| Wells Fargo Bank Na | $123,000 | Stewart Title Company | |
| Jackson Christopher | $135,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shelton Samuel | $237,180 | |
| Closed | Shelton Samuel | $234,136 | |
| Previous Owner | New Fortune Investments Nc Llc | $147,000 | |
| Previous Owner | Freeman Dustin L | $132,692 | |
| Previous Owner | Jackson Christopher | $137,902 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/06/2022 05/06/22 | Sold | $230,000 | -13.2% | $94 / Sq Ft |
| 04/14/2022 04/14/22 | Pending | -- | -- | -- |
| 03/19/2022 03/19/22 | For Sale | $265,000 | +103.8% | $108 / Sq Ft |
| 12/03/2021 12/03/21 | Sold | $130,000 | +18.2% | $53 / Sq Ft |
| 10/26/2021 10/26/21 | Pending | -- | -- | -- |
| 10/06/2021 10/06/21 | For Sale | $110,000 | -15.3% | $45 / Sq Ft |
| 04/12/2018 04/12/18 | Sold | $129,900 | 0.0% | $53 / Sq Ft |
| 03/09/2018 03/09/18 | Pending | -- | -- | -- |
| 12/06/2017 12/06/17 | For Sale | $129,900 | +99.4% | $53 / Sq Ft |
| 10/26/2017 10/26/17 | Sold | $65,157 | 0.0% | $27 / Sq Ft |
| 10/09/2017 10/09/17 | Pending | -- | -- | -- |
| 09/20/2017 09/20/17 | For Sale | $65,157 | 0.0% | $27 / Sq Ft |
| 02/24/2016 02/24/16 | Rented | -- | -- | -- |
| 02/24/2016 02/24/16 | For Rent | -- | -- | -- |
| 08/08/2013 08/08/13 | Rented | -- | -- | -- |
| 07/09/2013 07/09/13 | Under Contract | -- | -- | -- |
| 07/02/2013 07/02/13 | For Rent | -- | -- | -- |
Source: Doorify MLS
Tax History Compared to Growth
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 | $2,466 | $137,240 | $6,500 | $130,740 |
| 2023 | $2,466 | $137,240 | $6,500 | $130,740 |
| 2022 | $1,908 | $136,291 | $6,500 | $129,791 |
| 2021 | $1,908 | $136,291 | $6,500 | $129,791 |
| 2019 | $1,879 | $104,600 | $6,500 | $98,100 |
| 2018 | $1,879 | $104,600 | $6,500 | $98,100 |
| 2017 | $1,879 | $104,600 | $6,500 | $98,100 |
| 2016 | $2,115 | $125,300 | $6,500 | $118,800 |
| 2015 | $2,115 | $125,300 | $6,500 | $118,800 |
| 2014 | $2,115 | $125,300 | $6,500 | $118,800 |
Source: Public Records
Agents Affiliated with this Home
-
MADONNA SORIANO
Seller's Agent in 2022
MADONNA SORIANO
SPOAT JACKSON & BROWNE LLC
(910) 364-9555
2 in this area
37 Total Sales
-
John Bunce
Seller's Agent in 2021
John Bunce
RE/MAX CHOICE
4 in this area
44 Total Sales
-
David Sattelmeyer
Seller's Agent in 2018
David Sattelmeyer
CENTURY 21 The Realty Group
(910) 723-8888
6 in this area
259 Total Sales
-
Gary Futch, CCIM
Buyer's Agent in 2018
Gary Futch, CCIM
GRANT-MURRAY HOMES
(910) 728-1420
5 in this area
221 Total Sales
-
LEASING DIVISION
L
Seller's Agent in 2016
LEASING DIVISION
HOMEOWNERS PROPERTY MANAGEMENT OF FAYETTEVILLE, LLC.
(910) 867-0551
Map
Source: Doorify MLS
MLS Number: LP678064
APN: 0501-94-9471
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