505 S 5th St Spring Lake, NC 28390
4
Beds
2
Baths
2,449
Sq Ft
0.42
Acres
Highlights
- Wood Burning Stove
- Wood Flooring
- Formal Dining Room
- Ranch Style House
- No HOA
- Fireplace
About This Home
As of May 2022-Wow! Fantastic opportunity! Large brick ranch! Living room. Dining room. Eat-in kitchen. Den with a fireplace. Four large bedrooms! Needs cosmetic and necessary repairs. Brick outbuilding. Cash only at this price. SOLD AS IS.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,466
Year Built
- Built in 1961
Lot Details
- Property is in below average condition
- Zoning described as R10 - Residential District
Home Design
- Ranch Style House
- Brick Veneer
Interior Spaces
- 2,449 Sq Ft Home
- Fireplace
- Wood Burning Stove
- Formal Dining Room
- Wood Flooring
- Crawl Space
- Eat-In Kitchen
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 1 Parking Space
- 1 Attached Carport Space
Outdoor Features
- Outdoor Storage
- Front Porch
Schools
- Lillian Black Elementary School
- Spring Lake Middle School
- Pine Forest Senior High School
Utilities
- Forced Air Heating System
- The lake is a source of water for the property
Community Details
- No Home Owners Association
- Spring Lake Subdivision
Listing and Financial Details
- Exclusions: -AS IS.
- Assessor Parcel Number 0501949471
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
19
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
Map
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Similar Homes in Spring Lake, NC
Home Values in the Area
Average Home Value in this Area
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: Longleaf Pine REALTORS®
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: Longleaf Pine REALTORS®
MLS Number: 528793
APN: 0501-94-9471
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