NOT LISTED FOR SALE

506 Shoaf St Lexington, NC 27292

Estimated Value: $203,573 - $269,000

3 Beds
2 Baths
1,600 Sq Ft
$145/Sq Ft Est. Value

Last Sold June 01, 2017

Last sale price $19,000 $12 Per Sq Ft

Est. 1,124% increase in value since last sale

Current estimated payment $1,408/month

30 Days on Market

About This Home

As of June 2017

******INVESTOR ALERT******House has potential but needs a lot of work. Cash buyers only. All offers considered. Level lot lends itself to a nice garden area. Other homes in the surrounding area are well maintained and add value. This house has been rented in the past. Priced below tax value. See agent only remarks.

Last Agent to Sell the Property

Nancy Davis

House Hunter Real Estate License #242053 Listed on: 04/09/2017

Last Buyer's Agent

Beth Oates

Keller Williams One License #229939

Keller Williams One

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 10,001 Sq Ft Lot
  • Property is zoned TN

Parking

  • Driveway

Interior Spaces

  • 1,448 Sq Ft Home
  • 1,300-1,600 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 1110000090024000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.2296
  • Lot Size: tbd
  • Subdivision Name: None
  • Directions: South Main St to 5th Ave. Left on Shoaf. House on right
  • Above Grade Finished Sq Ft: 1448
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1951
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1300 - 1600
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1448
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: See Remarks
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Cooling: Remarks
  • Heating: See Remarks, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 1110000090024000
  • Zoning: TN
  • TRIADMLS_PricePerAcre: 108885.0174
  • TRIADMLS_DeedPage: 152
  • TRIADMLS_DeedBook: 623
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 750
  • Tax Lot: 24
  • Tax Year: 2016
  • TRIADMLS_TaxRate: 1.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2018
Sold by
Ramirez Ricardo and Alvarez Ramirez Elena
Bought by
Lovelace James P
Current Estimated Value
$232,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Outstanding Balance
$115,103
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$103,457

Purchase Details

Listed on
Apr 9, 2017
Closed on
Jun 1, 2017
Sold by
Uppin Ash S and Uppin Shaila
Bought by
Ramirez Ricardo and Alvarez Ramirez Elena
Seller's Agent
Nancy Davis
House Hunter Real Estate
Buyer's Agent
Beth Oates
Keller Williams One
List Price
$35,000
Sold Price
$19,000
Premium/Discount to List
-$16,000
-45.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.41%

Purchase Details

Closed on
Jun 25, 1984
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
Lovelace James P $139,000 Chicago Title Insurance Co
Ramirez Ricardo $19,000 None Available
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lovelace James P $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2017 06/01/17 Sold $19,000 -45.7% $15 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
04/09/2017 04/09/17 For Sale $35,000 -- $27 / Sq Ft
Source: Triad MLS

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 $1,719 $132,220 $0 $0
2023 $1,719 $132,220 $0 $0
2022 $1,719 $132,220 $0 $0
2021 $1,719 $132,220 $0 $0
2020 $1,119 $86,720 $0 $0
2019 $1,136 $86,720 $0 $0
2018 $764 $58,320 $0 $0
2017 $750 $57,250 $0 $0
2016 $750 $57,250 $0 $0
2015 $721 $57,250 $0 $0
2014 $817 $64,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 830371

Triad MLS

APN: 11-100-0-009-0024-0-0-0