NOT LISTED FOR SALE

518 New Salem Rd Statesville, NC 28625

Estimated Value: $723,751 - $834,000

4 Beds
4.5 Baths
5,308 Sq Ft
$147/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $553,000 $104 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,538/month

3 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Tray Ceiling
  • Cool Spring Elementary School Rated A-
  • Attic
  • Walk-In Closet

About This Home

As of October 2020

**Final home sale does not include additional parcel. Being sold separate, MLS# 3654902**
Stunning custom home with finished basement on .637 of an acre! Deep rocking chair front porch spans the front of this full-brick masterpiece. Hardwood floors throughout main level. Formal dining room has coffered ceiling & built-in butler's pantry. Kitchen has massive island, abundant counterspace and high-end cabinetry. Custom-ordered kitchen appliances in rubbed-bronze finish. Eat-in breakfast area. Living room with 2-story ceilings & built-ins walks out to another porch on back of home! Second entry to porch from master bedroom! Master is full of natural light. Features his & hers closets, upgraded bathroom with soaking tub, and recently updated walk-in shower! Office on main level. 3 bedrooms upstairs plus 2 full baths and a huge bonus room. Finished basement with full second kitchen, living room, 2 flex rooms & full bath! Fenced back yard.

Last Agent to Sell the Property

Heather Cook

Real Broker, LLC License #294553 Listed on: 08/20/2020

Real Broker, LLC

Last Buyer's Agent

Roxanna Levan

Howard Hanna Allen Tate Statesville License #242900

Howard Hanna Allen Tate Statesville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • Level Lot
  • Cleared Lot

Parking

  • 2

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Gas Log Fireplace
  • Pull Down Stairs to Attic
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Utilities

  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4774-25-1250.000

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Ratio Close Price By List Price: 0.92321
  • Ratio Close Price By Original Li: 0.92321
  • Ratio Current Price By Acre: 868131.87
  • Ratio Current Price By Sq Ft: 104.18
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Partially Finished
  • Upper Level Sq Ft: 1329
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Cooktop Electric, Dishwasher, Electric Oven, Microwave, Propane
  • Fireplace Description: Gas Logs
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Attic Walk-in, Built-Ins, Cable Available, Kitchen Island, Open Floorplan, Tray Ceiling, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 3
  • Sq Ft Basement: 1699
  • Main Level Sq Ft: 2280
  • Total Sq Ft: 5308
  • Sq Ft Unheated Basement: 582
  • Sq Ft Unheated Total: 685
  • Sq Ft Unheated Upper: 103

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard

Garage/Parking

  • Driveway: Concrete
  • Parking: Driveway, Garage - 2 Car, Side Load Garage

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: County Water
  • Water Heater: Electric

Lot Info

  • Lot Features: Cleared, Level
  • Parcel Number: 4774-25-1250.000
  • Zoning Specification: R20

Tax Info

  • Tax Value: 426310.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2020
Closed on
Oct 5, 2020
Sold by
Governale Leo L and Governale Rebecca M
Bought by
Greer Lee L and Greer Jennifer L
Seller's Agent
Heather Cook
Real Broker, LLC
Buyer's Agent
Roxanna Levan
Howard Hanna Allen Tate Statesville
List Price
$599,000
Sold Price
$553,000
Premium/Discount to List
-$46,000
-7.68%
Current Estimated Value
$802,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,303
Avg. Annual Appreciation
6.85%
Original Mortgage
$395,000
Outstanding Balance
$349,739
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$428,699
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Greer Lee L $553,000 None Available
Greer Lee L -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greer Lee L $395,000
Closed Greer Lee L $395,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2020 10/05/20 Sold $553,000 -7.7% $104 / Sq Ft
08/23/2020 08/23/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $599,000 -- $113 / 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 $3,758 $626,740 $40,000 $586,740
2023 $3,758 $626,740 $40,000 $586,740
2022 $3,351 $524,480 $33,600 $490,880
2021 $3,347 $524,480 $33,600 $490,880
2020 $2,731 $426,310 $33,600 $392,710
2019 $2,688 $426,310 $33,600 $392,710
2018 $2,474 $405,420 $29,400 $376,020
2017 $2,474 $405,420 $29,400 $376,020
2016 $2,474 $405,420 $29,400 $376,020
2015 $2,474 $405,420 $29,400 $376,020
2014 $2,413 $425,480 $29,400 $396,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3653706

Canopy MLS (Canopy Realtor® Association)

APN: 4774-25-1250.000