$375,000
SOLD SEP 26, 2024

5205 Lancaster Hwy Monroe, NC 28112

3 Beds
2 Baths
1,176 Sq Ft
1.19 Acres

Recently Sold

$319 Per Sq Ft

6% Below List Price

61 Days on Market

Highlights

  • RV Access or Parking
  • Separate Outdoor Workshop
  • Tile Flooring
  • Wooded Lot
  • 2 Car Detached Garage
  • 1-Story Property

About This Home

As of September 2024

Authentic farmhouse that's been extensively renovated for modern comfort and efficiency; with over an acre of fields and exotic trees—yet only minutes away from school! All renovations have been permitted and inspected every step of the way, which include new electric, plumbing, HVAC, insulation, roof, windows, siding, cabinets, etc. and all appliances are included!

Additional details include a newly graveled turnaround driveway, and original wood-burning fireplace with a locally sourced hand-hewn mantle from the early 1800's!

Large garage with an attic and a separately attached unfinished room that has electric, plumbed well water, water heater, and drain system installed, updated with brand new large westward-facing windows and double glass exterior doors that would make a great workshop, office, or gym. Next to this is a kennel/coup built on a concrete slab that could be repurposed as additional parking or RV storage.

Lots of wildlife and big night skies full of stars!

Last Agent to Sell the Property

Michael Rice

COMPASS Brokerage Email: michael.mivian@gmail.com License #344591 Listed on: 07/08/2024

COMPASS

Last Buyer's Agent

Ashley Diaz De Los Santos

Diaz Realty & Investments, LLC License #312162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $826

Year Built

  • Built in 1952

Lot Details

  • Partially Fenced Property
  • Cleared Lot
  • Wooded Lot
  • Property is zoned AF8

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Living Room with Fireplace
  • Crawl Space
  • Dryer

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Prospect Elementary School
  • Parkwood Middle School
  • Parkwood High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Separate Outdoor Workshop
  • Crops

Listing and Financial Details

  • Assessor Parcel Number 04-279-049-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$826

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1952
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 318.88
  • Geocode Confidence: High
  • Attribution Contact: michael.mivian@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1176
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 340
  • Sq Ft Unheated Total: 340
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
  • Other Equipment: Fuel Tank(s)
  • Above Grade Finished Sq Ft: 1176
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Living Area: 1176
  • Bedroom Main: 3
  • Room Count: 9

Exterior Features

  • New Construction: No
  • Roof: Shingle, Metal
  • Construction Type: Site Built
  • Fencing: Partial
  • Construction Type: Vinyl
  • Other Structures: Workshop, Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage, Garage Door Opener, RV Access/Parking, Other - See Remarks

Utilities

  • Heating: Central
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Water Source: City, Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Parkwood
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Crops, Orchard(s), Wooded, Other - See Remarks
  • Lot Size Area: 1.19
  • Lot Size Units: Acres
  • Parcel Number: 04-279-049-A
  • Zoning: AF8
  • ResoLotSizeUnits: Acres
  • Zoning Specification: AF8

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Prospect
  • High School: Parkwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2024
Closed on
Sep 27, 2024
Sold by
Cannucci Ronald Allen and Cannucci Joy
Bought by
Garcia Denny Figueroa
Seller's Agent
Michael Rice
COMPASS
Buyer's Agent
Ashley Diaz De Los Santos
Diaz Realty & Investments, LLC
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%
Views
106
Current Estimated Value
$361,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,180
Avg. Annual Appreciation
-3.82%
Original Mortgage
$368,207
Outstanding Balance
$365,414
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
-$4,191

Purchase Details

Listed on
Jul 14, 2023
Closed on
Nov 3, 2023
Sold by
Broome Claude S and Dorris Medlin
Bought by
Cannucci Ronald Allen
Seller's Agent
Al Rorie
Rorie Properties
Buyer's Agent
Michael Rice
COMPASS
List Price
$329,000
Sold Price
$210,000
Premium/Discount to List
-$119,000
-36.17%
Views
312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.84%
Original Mortgage
$157,500
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2013
Sold by
Broome Christopher Perry
Bought by
Medlin Broome Claude S and Medlin Broome Doris
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 Type Sale Price Title Company
Warranty Deed $375,000 None Listed On Document
Warranty Deed $210,000 None Listed On Document
Trustee Deed $46,200 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $368,207 FHA
Previous Owner $157,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2024 09/26/24 Sold $375,000 -3.8% $319 / Sq Ft
09/08/2024 09/08/24 Pending -- -- --
08/07/2024 08/07/24 Price Changed $390,000 -2.3% $332 / Sq Ft
07/08/2024 07/08/24 For Sale $399,000 +90.0% $339 / Sq Ft
11/06/2023 11/06/23 Sold $210,000 -23.6% $179 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
08/11/2023 08/11/23 Price Changed $275,000 -1.8% $234 / Sq Ft
07/25/2023 07/25/23 Price Changed $280,000 -12.2% $238 / Sq Ft
07/22/2023 07/22/23 Price Changed $319,000 -3.0% $271 / Sq Ft
07/14/2023 07/14/23 For Sale $329,000 -- $280 / 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 $826 $128,400 $25,900 $102,500
2023 $815 $128,400 $25,900 $102,500
2022 $815 $128,400 $25,900 $102,500
2021 $809 $128,400 $25,900 $102,500
2020 $645 $83,650 $16,850 $66,800
2019 $658 $83,650 $16,850 $66,800
2018 $658 $83,650 $16,850 $66,800
2017 $701 $83,700 $16,900 $66,800
2016 $678 $83,650 $16,850 $66,800
2015 $690 $83,650 $16,850 $66,800
2014 $660 $94,750 $31,660 $63,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4158158

Canopy MLS (Canopy Realtor® Association)

APN: 04-279-049-A