NOT LISTED FOR SALE

520 S Main St Unit 2 Davidson, NC 28036

Estimated Value: $787,344 - $1,190,000

0.44 Acre
$2,109,855 Price per Acre
19,166 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $346,000

Est. 168% increase in value since last sale

Current estimated payment $5,204/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

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

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 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

Listed on
Oct 28, 2021
Closed on
Apr 27, 2022
Sold by
Collum and Kelly
Bought by
Primax Properties Llc
Seller's Agent
Mary Lib Richards
Keller Williams Lake Norman
Buyer's Agent
Bill Worsley
TSG Residential
List Price
$450,000
Sold Price
$346,000
Premium/Discount to List
-$104,000
-23.11%
Current Estimated Value
$928,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$582,336
Avg. Annual Appreciation
30.20%

Purchase Details

Closed on
Dec 10, 2008
Sold by
Shackelford Frederic O and Shackelford Melinda Allen
Bought by
Collum Travis and Collum Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Primax Properties Llc $1,095,000 Collum & Perry Pllc
Collum Travis $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Collum Travis $205,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $4,531 $598,200 $402,500 $195,700
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