NOT LISTED FOR SALE

505 W Preston St Selma, NC 27576

Estimated Value: $226,000 - $258,092

3 Beds
2 Baths
1,280 Sq Ft
$190/Sq Ft Est. Value

Sale Details

Date Sold: October 19, 2022

Last sale price $262,000 $205 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,523 / mo

Highlights

  • New Construction
  • Granite Countertops
  • 1-Story Property
  • Farmhouse Style Home
  • No HOA
  • Luxury Vinyl Tile Flooring

About This Home

As of October 2022

Built in 2022! The living room has a vaulted ceiling and large windows to let in natural light. The kitchen features a center island w breakfast bar, granite countertops, subway tile backsplash, solid wood soft close cabinets and a pantry with a barn door. The main bedroom is tucked in the back of the house for lots of privacy. The large backyard and back patio is perfect for enjoying the outdoors. Built with attention to detail including solid wood shelving in all closets, LVP throughout the main living area.

Available now.

Private 24/7 showings available after a completed application or picture ID.

Security Deposit: $1,595

Small pets welcome for additional $25 per month and a $250 non-refundable pet deposit.

Minimum credit score of 625 with proof of gross income 3X monthly rent.

Credit and Background check required and is easily completed during application.

Trash, Lawn care, Water, Internet, and Electric not included. Lawn care can be included for additional cost.

Last Agent to Sell the Property

Allyson Caison

Coldwell Banker Advantage-Smit License #216736 Listed on: 10/19/2022

Coldwell Banker Advantage-Smit

Last Buyer's Agent

Allyson Caison

Coldwell Banker Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $130

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 69 x 153 x 75 x 150

Parking

  • Private Driveway

Home Design

  • Farmhouse Style Home
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Luxury Vinyl Tile Flooring
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Rain Gutters

Schools

  • Selma Elementary And Middle School
  • Smithfield Selma High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Built by Next Chapter Construction
  • The Dogwood

Home Details

Home Type

Single Family

Est. Annual Taxes

$130

Year Built

Built in 2022 | New Construction

Lot Details

0.25 Acres

Listing Details

  • Builder Name: Next Chapter Construction
  • Builder Model: The Dogwood
  • Year Built: 2022
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1280.0
  • Architectural Style: Farm House
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 69 x 153 x 75 x 150
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2022-10-01
  • Architectural Style Farm House: Yes
  • Cooling:Electric: Yes
  • Property Condition Framed: Yes
  • Room Types Primary Bedroom Level: M
  • General Property Information Above Grade Finished Area: 1280.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Lot Size Acres: 0.25
  • General Property Information:Living Area3: 1280.0
  • General Property Information Builder Name: Next Chapter Construction
  • General Property Information Builder Model: The Dogwood
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Luxury Vinyl
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.25
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Exterior Features:Rain Gutters: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Ninth Grade High School: Johnston - Smithfield Selma
  • Middle Or Junior School: Johnston - Selma

Lot Info

  • Lot Dimensions: 69 x 153 x 75 x 150
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 130.0

MLS Schools

  • Elementary School: Johnston - Selma

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Oct 10, 2022
Sold by
Avid Homebuyers Llc
Bought by
Failor Matthew and Failor Angel
Seller's Agent
Allyson Caison
Coldwell Banker Advantage-Smit
Buyer's Agent
Allyson Caison
Coldwell Banker Advantage-Smit
List Price
$262,000
Sold Price
$262,000
Current Estimated Value
$243,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,477
Avg. Annual Appreciation
-2.10%
Original Mortgage
$210,000
Outstanding Balance
$197,421
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$46,102

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 6, 2022
Sold by
Praise Properties Inc
Bought by
Avid Homebuyers Llc
Seller's Agent
Tracy Riba
HTR Southern Properties
Buyer's Agent
Allyson Caison
Coldwell Banker Advantage-Smit
List Price
$20,000
Sold Price
$22,500
Premium/Discount to List
$2,500
12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26384.83%

Purchase Details

Closed on
Mar 5, 2004
Sold by
Praise Properties Inc
Bought by
Ks Bank Inc

Purchase Details

Closed on
Sep 10, 2003
Sold by
Ks Bank Inc
Bought by
Reid James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Failor Matthew $262,500 --
Avid Homebuyers Llc $22,500 Hewett Law Group Pa
Ks Bank Inc -- --
Reid James $31,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Failor Matthew $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2025 10/10/25 Off Market $1,595 -- --
09/24/2025 09/24/25 Price Changed $1,595 -1.8% $1 / Sq Ft
09/21/2025 09/21/25 Price Changed $1,625 -1.2% $1 / Sq Ft
09/08/2025 09/08/25 Price Changed $1,645 -2.9% $1 / Sq Ft
09/02/2025 09/02/25 For Rent $1,695 0.0% --
12/14/2023 12/14/23 Off Market $262,000 -- --
12/14/2023 12/14/23 Off Market $22,500 -- --
10/19/2022 10/19/22 Sold $262,000 0.0% $205 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $262,000 +1064.4% $205 / Sq Ft
05/10/2022 05/10/22 Sold $22,500 +12.5% -- View Prior Sale
04/21/2022 04/21/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $20,000 -- --
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
2025 $2,783 $248,470 $30,000 $218,470
2024 $1,641 $129,180 $10,000 $119,180
2023 $1,666 $129,180 $10,000 $119,180
2022 $133 $10,000 $10,000 $0
2021 $131 $10,000 $10,000 $0
2020 $133 $10,000 $10,000 $0
2019 $130 $10,000 $10,000 $0
2018 $133 $10,100 $10,100 $0
2017 $130 $10,100 $10,100 $0
2016 $130 $10,100 $10,100 $0
2015 $130 $10,100 $10,100 $0
2014 $130 $10,100 $10,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2479993

Doorify MLS

APN: 14044002

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