NOT LISTED FOR SALE

518 Russell Gap Rd Moravian Falls, NC 28654

Estimated Value: $210,000 - $242,000

3 Beds
1 Bath
1,100 Sq Ft
$207/Sq Ft Est. Value

Last Sold July 10, 2024

Last sale price $225,000 $205 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,344/month

1 Day on Market

About This Home

As of July 2024

Enjoy this brick ranch house nestled in a serene country setting. The charm of the brick exterior coupled with the tranquil surroundings creates a cozy and inviting atmosphere. With mountain views from the deck and bedrooms it's a perfect blend of natural beauty and cozy living. A cozy home with three bedrooms and one bath offers just the right amount of space for comfortable living. A newly remodeled kitchen with stainless steel appliances adds a touch of modern elegance to the home. Having laundry hookups in both the third bedroom and basement offers flexibility and convenience. There is no interior access to the basement, exterior entry only. Parcel is listed as 1.5 acre lot but a survey was done and it is marked. Plot will change to .70 acre.

Last Agent to Sell the Property

Melinda Goforth

eXp Realty License #343555 Listed on: 05/12/2024

eXp Realty

Last Buyer's Agent

Trisha Trosclair

Fathom Realty Greensboro License #301710

Fathom Realty Greensboro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $329

Year Built

  • Built in 1964

Lot Details

  • 0.7 Acre Lot
  • Property is zoned R1

Parking

  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,026 Sq Ft Home
  • 900-1,100 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Heat Pump System
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0302635
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$329

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.7
  • Subdivision Name: None
  • Directions: Hwy 18 South, L on Russell Gap Road, House will be on the right
  • Above Grade Finished Sq Ft: 1026
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1964
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 900 - 1100
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Unfinished, Basement
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1026
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0302635
  • Zoning: R1
  • TRIADMLS_PricePerAcre: 321428.5714
  • TRIADMLS_DeedPage: 91
  • TRIADMLS_DeedBook: 1379
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 329.33
  • Tax Year: 2023
  • TRIADMLS_TaxRate: 0.77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2024
Closed on
Jul 2, 2024
Sold by
Favored Estates Llc
Bought by
Hutchinson Vaughn Eugene and Hutchinson Chiana Marcia
Seller's Agent
Melinda Goforth
eXp Realty
Buyer's Agent
Trisha Trosclair
Fathom Realty Greensboro
List Price
$234,000
Sold Price
$225,000
Premium/Discount to List
-$9,000
-3.85%
Views
213
Current Estimated Value
$227,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,313
Avg. Annual Appreciation
1.01%
Original Mortgage
$217,490
Outstanding Balance
$215,857
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
$11,720

Purchase Details

Closed on
Jun 23, 2023
Sold by
Pearson Brenda A and Pearson Larry H
Bought by
Favored Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,250
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 21, 2005
Bought by
Chatham Crosby Edmond and Chatham Edna
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
Hutchinson Vaughn Eugene $15,000 None Listed On Document
Hutchinson Vaughn Eugene $225,000 None Listed On Document
Favored Estates Llc $150,000 None Listed On Document
Chatham Crosby Edmond -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hutchinson Vaughn Eugene $217,490
Previous Owner Favored Estates Llc $148,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2024 07/10/24 Sold $225,000 -3.8% $250 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
05/12/2024 05/12/24 For Sale $234,000 -- $260 / Sq Ft
Source: Triad 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 $1,254 $81,400 $13,440 $67,960
2023 $324 $81,400 $13,440 $67,960
2022 $324 $81,400 $13,440 $67,960
2021 $329 $81,400 $13,440 $67,960
2020 $329 $81,400 $13,440 $67,960
2019 $33,183 $81,400 $13,440 $67,960
2018 $333 $81,190 $0 $0
2017 $333 $81,190 $0 $0
2016 $329 $42,665 $0 $0
2015 $232 $29,310 $0 $0
2014 $559 $70,810 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Melinda Goforth

    eXp Realty

    (828) 493-1096

    84 Total Sales

    Melinda Goforth
    Section Image

  • T

    Buyer's Agent in 2024

    Trisha Trosclair

    Fathom Realty Greensboro

    (704) 360-7803

    71 Total Sales

    Trisha Trosclair
    Section Image
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Map

Source: Triad MLS

MLS Number: 1142279

Triad MLS

APN: 0302635

North Carolina Wilkes County Moravian Falls 28654

518 Russell Gap Rd, Moravian Falls, NC

This home is located at 518 Russell Gap Rd, Moravian Falls, NC 28654 since 12 May 2024 and is currently estimated at $227,313, approximately $206 per square foot. This property was built in 1964. 518 Russell Gap Rd is a home located in Wilkes County with nearby schools including Boomer-Ferguson Elementary School, Central Wilkes Middle School, and Wilkes Central High School.

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