NOT LISTED FOR SALE

507 E Rice St Landis, NC 28088

Estimated Value: $240,000 - $272,990

3 Beds
2 Baths
1,141 Sq Ft
$225/Sq Ft Est. Value

Last Sold August 18, 2022

Last sale price $250,000 $219 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,544/month

101 Days on Market

Highlights

  • Detached Garage
  • Patio
  • Bungalow
  • Tray Ceiling
  • Home Security System
  • Central Heating

About This Home

As of August 2022

Adorable home w/ a large detached garage/shop w/ bonus area upstairs? You've found it. 3 BR's, 2 baths, lovely kitchen w/ granite countertops,, disposal, dishwasher. Refrigerator remains. Small bar type cabinet that is against kitchen cabinets next to dining area will not remain. Kitchen/dining area painted in 2021. Privacy fence surrounds back yard. Security system. Marble tops in bathrooms. City water & sewer. 3 bay wired garage w/ 2 remote door openers, one of the three is a manual opening. Build out above garage is wired, plumbed, corner electrical fireplace, insulation in place w/ 1 bath. 2 Br's, living area/kitchen area when completed. Needs heating system, etc. The upper garage build out was not permitted by previous owner. Electrical upgraded in garage. Buyer to verify anything of importance. This one won't last long. Ring Doorbell will not remain. Fireplace in primary bedroom will not remain. RING DOOR BELL IS ACTIVE!

Last Agent to Sell the Property

Robbie Bentley

Bentley Realty License #114546 Listed on: 05/09/2022

Last Buyer's Agent

Mirta Arroyo

Monarch Group Realty License #316008

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,142

Year Built

  • Built in 1939

Lot Details

  • Lot Dimensions are 75x150
  • Fenced
  • Level Lot
  • Property is zoned R-6, R6

Parking

  • Detached Garage

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 1,141 Sq Ft Home
  • Tray Ceiling
  • Crawl Space
  • Home Security System
  • Electric Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Range
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 108169

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,142

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 1939
  • Ratio Current Price By Acre: 1000000.00
  • Doors and Windows: Insulated Windows
  • Road Surface Type: Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 219.11
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Laminate, Linoleum
  • Interior Amenities: Tray Ceiling
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1141
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Second Living Quarters Hla: 0
  • Porch: Covered,Front,Patio
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Dryer Hookup, Electric Range, Plumbed For Ice Maker, Refrigerator, Security System
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1141
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Fence
  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Detached, Garage - 2 Car

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Laundry Room
  • Water Source: Public

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.25
  • Lot Size Units: Acres
  • Parcel Number: 108169
  • Lot Size: 75x150
  • Zoning Description: R6
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.88299

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Aug 18, 2022
Sold by
Jones Debra A
Bought by
Ortiz-Miranda Fernando Luis and Lazo Emma Paola
Seller's Agent
Robbie Bentley
Bentley Realty
Buyer's Agent
Mirta Arroyo
Monarch Group Realty
List Price
$290,000
Sold Price
$250,000
Premium/Discount to List
-$40,000
-13.79%
Current Estimated Value
$257,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,248
Avg. Annual Appreciation
0.56%
Original Mortgage
$245,471
Outstanding Balance
$234,938
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$19,297

Purchase Details

Listed on
Jan 8, 2021
Closed on
Feb 26, 2021
Sold by
Lipe Joyce Ann and Lipe Eric
Bought by
Jones Debra A
Seller's Agent
Paula Severt
Lantern Realty & Development, LLC
Buyer's Agent
Robbie Bentley
Bentley Realty
List Price
$190,000
Sold Price
$195,000
Premium/Discount to List
$5,000
2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.41%
Original Mortgage
$191,468
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 25, 2017
Closed on
Oct 12, 2017
Sold by
Old Towne Development Corp
Bought by
Lipe Joyce Ann and Lipe Eric
Seller's Agent
Bonnie Downey
Choice Carolina Realty
Buyer's Agent
Paula Severt
Lantern Realty & Development, LLC
List Price
$139,900
Sold Price
$133,500
Premium/Discount to List
-$6,400
-4.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.86%
Original Mortgage
$131,081
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 12, 2015
Sold by
Wells Fargo Bank Na
Bought by
Old Towne Development Corp

Purchase Details

Closed on
May 12, 2015
Sold by
Gordon Keith E and Gordon Ann B
Bought by
Wells Fargo Bank Na
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ortiz-Miranda Fernando Luis $250,000 Shepard Law Pllc
Jones Debra A $195,000 None Available
Lipe Joyce Ann $133,500 None Available
Old Towne Development Corp $52,500 None Available
Wells Fargo Bank Na $53,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz-Miranda Fernando Luis $245,471
Previous Owner Jones Debra A $18,000
Previous Owner Jones Debra A $191,468
Previous Owner Jones Debra A $8,000
Previous Owner Lipe Joyce Ann $131,081
Previous Owner Gordon Keith E $105,560
Closed Ortiz-Miranda Fernando Luis $8,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2022 08/18/22 Sold $250,000 -7.4% $219 / Sq Ft
06/01/2022 06/01/22 Price Changed $270,000 -6.9% $237 / Sq Ft
05/09/2022 05/09/22 For Sale $290,000 +48.7% $254 / Sq Ft
02/26/2021 02/26/21 Sold $195,000 +2.6% $171 / Sq Ft
01/14/2021 01/14/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $190,000 +42.3% $167 / Sq Ft
10/12/2017 10/12/17 Sold $133,500 -4.6% $117 / Sq Ft
08/21/2017 08/21/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $139,900 -- $123 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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
2025 $2,142 $200,155 $28,000 $172,155
2024 $2,142 $200,155 $28,000 $172,155
2023 $2,142 $200,155 $28,000 $172,155
2022 $1,703 $143,389 $23,500 $119,889
2021 $1,703 $143,389 $23,500 $119,889
2020 $1,703 $143,389 $23,500 $119,889
2019 $1,703 $143,389 $23,500 $119,889
2018 $1,534 $130,607 $23,500 $107,107
2017 $869 $77,192 $23,500 $53,692
2016 $869 $77,192 $23,500 $53,692
2015 $882 $77,192 $23,500 $53,692
2014 $874 $77,347 $21,000 $56,347
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3857473

Canopy MLS (Canopy Realtor® Association)

APN: 108-169