$43,500
SOLD JUN 22, 2022

516 Carolina Way Sanford, NC 27332

0.41 Acre
$106,098 Price per Acre
17,860 Sq Ft Lot

Recently Sold

16% Below List Price

512 Days on Market

Highlights

  • Water Views
  • Clubhouse
  • Community Pool
  • Gated Community
  • Wooded Lot
  • Tennis Courts

About This Lot

As of June 2022

*** Offer accepted awaiting DD funds. Build the home of your dreams in sought out Carolina Lakes. This lot is close to the entrance gate, has a partial water view and access to Crystal Lake thru the common area on the back of the property. Less than a half mile walk to the marina and golf course. Enjoy all the amenities of this gated community, marina, community pool, tennis courts, basketball courts, softball field, fitness trail, and playgrounds.

Last Agent to Sell the Property

HEATHER KNIGHT

CAROLINA LAKES LAKESIDE REALTY License #322405 Listed on: 01/05/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $289

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 96x188
  • Sloped Lot
  • Wooded Lot

Additional Features

  • Water Views
  • Natural Gas Not Available

Listing and Financial Details

  • Assessor Parcel Number 03958502 0052

Community Details

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Additional Features

  • Carolina Lakes Subdivision
  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$289

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Carolina Lakes
  • General Property Information Lot Size Dimensions: 96X188
  • Lot Water Features Water View: Yes
  • Utilities Natural Gas Not Available: Yes
  • General Property Information Lot Size Square Feet2: 17859.6
  • General Property Information Lot Size Acres: 0.41
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Community Features:Playground2: Yes
  • Community Features:Pool2: Yes
  • Community Features:Tennis Court(s)2: Yes
  • Community Features:Clubhouse2: Yes
  • Community Features:Gated2: Yes

Exterior Features

  • Acres: 0.41
  • Lot Features:Wooded: Yes
  • Lot Features:Sloped: Yes

Utilities

  • Utilities: Natural Gas Not Available

Condo/Co-op/Association

  • Community Features: Clubhouse, Gated, Playground, Pool, Tennis Court(s)

Lot Info

  • Lot Dimensions: 96X188
  • Lot Size Sq Ft: 17859.6
  • ResoLotSizeUnits: Acres
  • Wooded Area: 0.41
  • Parcel #: 03958502 0052
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2021
Closed on
Jun 10, 2022
Sold by
Yarborough Chad V and Yarborough Karle
Bought by
Phelps William A and Phelps Letty R
Seller's Agent
HEATHER KNIGHT
CAROLINA LAKES LAKESIDE REALTY
List Price
$52,000
Sold Price
$43,500
Premium/Discount to List
-$8,500
-16.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%

Purchase Details

Closed on
Feb 2, 2007
Sold by
J R Weeks & Associates Llc
Bought by
Yarborough Chad V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
6.07%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 31, 2006
Sold by
Rich Radford H and Rich Ruth S
Bought by
J R Weeks & Associates Llc
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 Type Sale Price Title Company
Warranty Deed $43,500 Law Office Of Jeffrey E Radfor
Warranty Deed $17,000 None Available
Warranty Deed $14,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $17,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2025 06/11/25 For Sale $55,000 +26.4% --
06/22/2022 06/22/22 Sold $43,500 -16.3% --
06/01/2022 06/01/22 Pending -- -- --
01/05/2021 01/05/21 For Sale $52,000 -- --
Source: Doorify 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 $289 $40,680 $0 $0
2023 $289 $40,680 $0 $0
2022 $305 $40,680 $0 $0
2021 $305 $35,000 $0 $0
2020 $305 $35,000 $0 $0
2019 $305 $35,000 $0 $0
2018 $298 $35,000 $0 $0
2017 $298 $35,000 $0 $0
2016 $298 $35,000 $0 $0
2015 -- $35,000 $0 $0
2014 -- $35,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Doorify MLS

MLS Number: LP648224

Doorify MLS

APN: 03958502 0052