$230,000
SOLD MAY 6, 2022

505 S 5th St Spring Lake, NC 28390

4 Beds
2 Baths
2,449 Sq Ft
0.42 Acres

Recently Sold

$94 Per Sq Ft

13% Below List Price

26 Days on Market

Highlights

  • Wood Burning Stove
  • Ranch Style House
  • 1 Fireplace
  • Wooded Lot
  • Wood Flooring
  • Granite Countertops

About This Home

As of May 2022

You 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.

Last Agent to Sell the Property

MADONNA SORIANO

SPOAT JACKSON & BROWNE LLC License #332424

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,466

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Year Built: 1961
  • Prop. Type: Residential
  • Subdivision Name: Spring Lake
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Ranch: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Flooring Hardwood: Yes
  • Flooring Vinyl: Yes
  • Appliances Refrigerators: Yes
  • Heating Gas Pack2: Yes
  • General Property Information Carport YN: Yes
  • Utilities Propane3: Yes
  • Laundry Features Inside: Yes
  • General Property Information Carport Spaces2: 1.0
  • General Property Information Building Project Name3: Workshop building and storage sheds - as is condition. Home inspection that was performed at seller's time of purchase is available. Contractor is packing up remaining material inside the home. Book all appointments with showtime. Seller never resided in the home. Appraisal required repairs only as the seller spent a great deal of money to bring this home to market in better condition than when it
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Luxury Vinyl, Tile, Vinyl
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Primary Downstairs, Walk-In Closet(s)
  • Basement: Crawl Space
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning Stove
  • Fireplaces: 1
  • Total Bedrooms: 8
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Fireplace Features:Wood Burning Stove: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Appliances:WasherDryer: Yes

Exterior Features

  • Exterior Features: Storage
  • Home Warranty: No
  • Construction Type: Brick Veneer
  • Lot Features:Wooded: Yes
  • Construction Materials:Brick Veneer: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Storage2: Yes
  • Lot Features:Cleared: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Attached Carport
  • Parking Features:Attached Carport: Yes

Utilities

  • Utilities: Propane
  • Heating: Gas Pack
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Zoning: R10 - Residential Distric
  • Parcel #: 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
$246,769

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

Map

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 Type Sale Price Title Company
Warranty Deed $460 Washburn Law Pllc
Special Warranty Deed -- Tiago National Title Llc
Special Warranty Deed -- None Available
Trustee Deed $101,701 None Available
Warranty Deed $130,000 Attorney
Special Warranty Deed -- None Available
Special Warranty Deed -- None Available
Warranty Deed $123,000 Stewart Title Company
Warranty Deed $135,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $237,180 VA
Closed $234,136 VA
Previous Owner $147,000 Commercial
Previous Owner $132,692 VA
Previous Owner $137,902 VA
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

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

Source: Doorify MLS

MLS Number: LP678064

Doorify MLS

APN: 0501-94-9471