NOT LISTED FOR SALE

516 Patterson St NW Lenoir, NC 28645

Estimated Value: $66,000 - $144,000

2 Beds
1 Bath
744 Sq Ft
$128/Sq Ft Est. Value

Last Sold May 23, 2022

Last sale price $46,000 $62 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $518/month

61 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Vinyl Flooring
  • Cottage
  • Wood Siding

About This Home

As of May 2022

100 year old cottage and 3 adjoining lots located just 0.5 miles from the heart of downtown. House features a living room, large eat in kitchen, 2 bedrooms, en suite bathroom, and laundry/mud room. Great curb appeal with cute front porch! Check recent sold properties to see the income potential for a fully rehabbed home in this area. Note: adjoining lots do not meet building setback requirements for new build.

Last Agent to Sell the Property

Judith Sullivan

Raccoon Realty LLC License #333581 Listed on: 02/28/2022

Last Buyer's Agent

Judith Sullivan

Raccoon Realty LLC License #333581 Listed on: 02/28/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $125

Year Built

  • Built in 1921

Lot Details

  • Lot Dimensions are 58x220x50x189
  • Corner Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Zoning described as R6

Home Design

  • Cottage
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 744 Sq Ft Home
  • Vinyl Flooring
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Lower Creek Elementary School
  • William Lenoir Middle School
  • Hibriten High School

Listing and Financial Details

  • Assessor Parcel Number 09-30-3-12

Home Details

Home Type

Single Family

Est. Annual Taxes

$125

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1921
  • Ratio Current Price By Acre: 170370.37
  • Restrictions: Other - See Media/Remarks
  • Road Surface Type: Dirt, Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Vinyl
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 744
  • 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
  • Porch: Front
  • Appliances: None
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 744
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Status: Complete
  • Tax Location: Lenoir
  • Construction Type: Site Built
  • Waterfront Features: None
  • Waterfront Elevation: 1000
  • Construction Type: Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Parking Space - 3

Utilities

  • Heating: None
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Complex Name: None

Schools

  • Middle Or Junior School: William Lenoir
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Corner Lot, Level, Open Lot
  • Lot Size Area: 0.27
  • Lot Size Units: Acres
  • Parcel Number: 09-30-3-12
  • Lot Size: 58x220x50x189
  • Additional Parcels Description: 09 30 3 10; 09 30 3 11; 09 30 3 12; 09 30 3 13
  • Zoning Description: R6

Tax Info

  • RATIO List Price By Tax Amount: 3.17059

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Lower Creek
  • High School: Hibriten

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2022
Closed on
May 12, 2022
Sold by
Elie Harris Tannura K and Elie Galen T
Bought by
Varo Julie and Varo Hilda
Seller's Agent
Judith Sullivan
Raccoon Realty LLC
Buyer's Agent
Judith Sullivan
Raccoon Realty LLC
List Price
$59,900
Sold Price
$46,000
Premium/Discount to List
-$13,900
-23.21%
Current Estimated Value
$95,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,520
Avg. Annual Appreciation
24.67%

Purchase Details

Closed on
Jul 3, 2012
Sold by
Suddreth Fred Edward and Elie Tannura Kavrill
Bought by
Harris Tannura K Elie

Purchase Details

Closed on
May 8, 2001
Bought by
Elie Tannura Kavril
Source: Public Records

Range of Values:

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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
Varo Julie $46,000 Fleischer Law Office Pllc
Harris Tannura K Elie -- None Available
Elie Tannura Kavril -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $46,000 -14.7% $62 / Sq Ft
04/30/2022 04/30/22 Pending -- -- --
04/26/2022 04/26/22 Price Changed $53,900 -10.0% $72 / Sq Ft
02/28/2022 02/28/22 For Sale $59,900 -- $81 / 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 $125 $56,200 $2,200 $54,000
2024 $125 $17,000 $2,200 $14,800
2023 $125 $17,000 $2,200 $14,800
2022 $221 $17,000 $2,200 $14,800
2021 $221 $17,000 $2,200 $14,800
2020 $139 $19,300 $2,200 $17,100
2019 $139 $19,300 $2,200 $17,100
2018 $253 $19,300 $0 $0
2017 $253 $19,300 $0 $0
2016 $141 $19,300 $0 $0
2015 -- $19,300 $0 $0
2014 -- $19,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3833936

Canopy MLS (Canopy Realtor® Association)

APN: 09-30-3-12