NOT LISTED FOR SALE

5116 Old Monroe Rd Indian Trail, NC 28079

Estimated Value: $242,000 - $345,000

2 Beds
1 Bath
936 Sq Ft
$303/Sq Ft Est. Value

Last Sold October 19, 2017

Last sale price $182,145 $195 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,595/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • 1-Story Property
  • Indian Trail Elementary School Rated A

About This Home

As of October 2017

Great opportunity in Indian Trail. Offering consists of two parcels: 5116 & 5124 Old Monroe Road. 5116 is tennant occupied on a month-to-month lease at $900 per month with the tennant willing to stay. 5124 is presently vacant and in need of TLC however it would make a good rental property. Total of 2.25 acres between the two properties. Town of Indian Trail is installing sidewalks. The present understanding is that they will be on the other side of the road and no land will be lost.

Last Agent to Sell the Property

Richard Price

R.W Price Realty LLC License #80808 Listed on: 10/04/2017

Last Buyer's Agent

myron williams

Myron Williams Real Estate, LLC License #187726

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1980

Lot Details

  • 2.25

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1 Full Bathroom
  • 1-Story Property
  • Crawl Space

Flooring

  • Laminate
  • Tile

Listing and Financial Details

  • Assessor Parcel Number 07-114-006

Home Details

Home Type

Single Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 1.04083
  • Ratio Close Price By Original Li: 1.21430
  • Ratio Current Price By Acre: 80953.33
  • Ratio Current Price By Sq Ft: 194.60
  • Year Built: 1980
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Flooring: Laminate Wood, Tile
  • Laundry Location: Main
  • Room Count: 1
  • Sq Ft Additional: 1024
  • Main Level Sq Ft: 936
  • Total Sq Ft: 936

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Central Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Parcel Number: 07-114-006
  • Plat Reference Section Pages: 730
  • Zoning: Residential
  • Zoning Specification: SF1

Tax Info

  • Tax Value: 78000.00
  • Tax Location: Indian Trail

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2017
Closed on
Oct 19, 2017
Sold by
Blanchard Helms Cheryl and Helms Billy
Bought by
Chapman Family Enterprises Llc
Seller's Agent
Richard Price
R.W Price Realty LLC
Buyer's Agent
myron williams
Myron Williams Real Estate, LLC
List Price
$150,000
Sold Price
$182,145
Premium/Discount to List
$32,145
21.43%
Current Estimated Value
$283,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,621
Avg. Annual Appreciation
5.68%

Purchase Details

Closed on
May 11, 2011
Sold by
Blanchard Cheryl
Bought by
Blanchard Woodrow L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,260
Interest Rate
4.83%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 22, 2009
Sold by
Blanchard Woodrow L and The Minnie H Blanchard Revocab
Bought by
Blanchard Cheryl

Purchase Details

Closed on
Mar 22, 2000
Sold by
Blanchard Minnie and Blanchard Herman W
Bought by
Blanchard Minnie H and The Minnie H Blanchard Living
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
Chapman Family Enterprises Llc $119,000 Chicago Title Insurance Comp
Blanchard Woodrow L $80,500 None Available
Blanchard Cheryl -- None Available
Blanchard Minnie H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blanchard Woodrow L $80,260
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2017 10/19/17 Sold $182,145 +21.4% $195 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
10/04/2017 10/04/17 For Sale $150,000 -- $160 / 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
2024 $1,289 $148,200 $60,400 $87,800
2023 $1,280 $148,200 $60,400 $87,800
2022 $1,287 $149,000 $61,200 $87,800
2021 $1,286 $149,000 $61,200 $87,800
2020 $613 $78,020 $27,320 $50,700
2019 $817 $78,020 $27,320 $50,700
2018 $609 $78,020 $27,320 $50,700
2017 $856 $78,000 $27,300 $50,700
2016 $637 $78,020 $27,320 $50,700
2015 $645 $78,020 $27,320 $50,700
2014 $1,223 $101,790 $42,890 $58,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3326284

Canopy MLS (Canopy Realtor® Association)

APN: 07-114-006