NOT LISTED FOR SALE

520 S Main St Unit 2 Davidson, NC 28036

Estimated Value: $784,953 - $1,316,000

0.44 Acre
$2,364,745 Price per Acre
19,166 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $346,000

Est. 201% increase in value since last sale

Current estimated payment $6,036/month

48 Days on Market

Highlights

  • Wooded Lot
  • High Speed Internet
  • Paved or Partially Paved Lot
  • Davidson Elementary School Rated A-

About This Lot

As of April 2022

Beautiful, hard to find .87 acre building lot on S. Main Street in Davidson! A short walk to all of the wonderful attractions of Davidson & Davidson College. This is the second lot of the subdivided parcel at 520 S. Main Street (see MLS #3779706). The property is located in the Village Infill Planning Zone of Davidson (Purple Overlay District). See the attachment explaining allowed uses in the VIP. The Floor-to-Area (FAR) calculations allow for a home up to 5,318 heated square feet. These figures do NOT include heated basement areas or detached garages & gar. apartments. Survey gives greater explanation of Right of Ways for Main Street & the NS Rail Line. This is useable acreage - no permanent structures inside the ROW. Currently there is a common driveway easement. The new lot will have a spur driveway coming off current drive 35' from street. See all of the attachments including survey, plat map, Beaty-Sloan-Potts corridor & Norfolk Southern article. Bring your own builder!

Last Agent to Sell the Property

Mary Lib Richards

Keller Williams Lake Norman License #246140 Listed on: 10/28/2021

Keller Williams Lake Norman

Co-Listed By

Jim Richards

Keller Williams Lake Norman License #270309

Last Buyer's Agent

Bill Worsley

TSG Residential License #165623

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,531

Lot Details

  • Lot Dimensions are 230x175x130x262
  • Infill Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Wooded Lot
  • Possible uses of the property include Multi-Family, Private Estate, Residential, Subdevelopment
  • Zoning described as VIP

Basement

  • Crawl Space

Schools

  • Davidson K-8 Elementary And Middle School
  • William Amos Hough High School

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 003-241-10

Property Details

Property Type

Land

Est. Annual Taxes

$4,531

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 397244.55
  • Restrictions: Architectural Review,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet,Other - See Media/Remarks
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Restrictions Description: Shared Driveway Easement
  • Road Frontage Type: City Street, Paved Road
  • Road Surface Type: Paved
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fixture Exception Yn: 0
  • Possible Use: Multi-Family, Private Estate, Residential, Subdevelopment

Exterior Features

  • Exterior Features: Satellite Internet Available, Wired Internet Available
  • Tax Location: Davidson
  • Construction Type: Site Built
  • Wooded Acres: 0.47

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Telephone On-Site
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Davidson K-8
  • HOA Subject To: None

Lot Info

  • Lot Features: Infill Lot, Level, Paved, Sloped, Wooded
  • Lot Size Area: 0.871
  • Lot Size Units: Acres
  • Parcel Number: 003-241-10
  • Out Buildings Yn: 0
  • Can Be Subdivided: 0
  • Cleared Acres: 0.40
  • Lot Size: 230x175x130x262
  • Additional Parcels Description: Lot 1
  • Zoning Description: VIP

Tax Info

  • RATIO List Price By Tax Amount: 0.70423

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Davidson K-8
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2008
Sold by
Shackelford Frederic O and Shackelford Melinda Allen
Bought by
Collum Travis and Collum Kelly
Current Estimated Value
$1,040,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.1%
Mortgage Type
Unknown
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
Collum Travis $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collum Tpavis E $450,000
Closed Collum Travis E $360,000
Closed Collum Travis E $200,000
Closed Collum Travis $205,000
Previous Owner Shackelford Frederic O $166,400
Previous Owner Shackelford Frederic O $75,000
Previous Owner Shackelford Frederic O $180,000
Previous Owner Shackelford Frederic O $40,000
Previous Owner Shackelford Frederic O $181,000
Previous Owner Shackelford Frederic O $140,000
Previous Owner Shackelford Frederic D $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $346,000 -23.1% --
12/15/2021 12/15/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $450,000 -- --
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 $4,531 $598,200 $402,500 $195,700
2023 $6,058 $598,200 $402,500 $195,700
2022 $6,058 $639,000 $457,300 $181,700
2021 $6,036 $639,000 $457,300 $181,700
2020 $6,036 $639,000 $457,300 $181,700
2019 $6,030 $796,600 $609,800 $186,800
2018 $4,418 $357,100 $204,900 $152,200
2017 $4,388 $357,100 $204,900 $152,200
2016 $4,384 $357,100 $204,900 $152,200
2015 $4,381 $357,100 $204,900 $152,200
2014 $4,379 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3790818

Canopy MLS (Canopy Realtor® Association)

APN: 003-241-10