NOT LISTED FOR SALE

5227 Poteat Rd Cedar Grove, NC 27231

Estimated Value: $332,000 - $383,000

3 Beds
2 Baths
1,525 Sq Ft
$230/Sq Ft Est. Value

Last Sold September 14, 2021

Last sale price $267,500 $175 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,058/month

4 Days on Market

Highlights

  • 2.81 Acre Lot
  • No HOA
  • Carpet
  • Ranch Style House
  • Central Air
  • Heat Pump System

About This Home

As of September 2021

This beautiful 1,526 square foot home has 3 bedrooms 2 baths and is nestled on almost 3 stunning acres. You get the best of both worlds, being out in the peaceful quiet country side, while still only 10 minutes from Downtown Mebane and about 12 minutes from the Tanger Outlets. This home was built in 2018 and comes with a cute matching shed in the back.

Last Agent to Sell the Property

Lucas Howard

Elevation Realty, LLC License #276626 Listed on: 08/05/2021

Last Buyer's Agent

Non Member

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,940

Year Built

  • Built in 2018

Lot Details

  • 2.81 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,525 Sq Ft Home
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Central Elementary School
  • Gravelly Hill Middle School
  • Orange High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,940

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Year Built: 2018
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1525.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 122404
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Vinyl: Yes
  • General Property Information Above Grade Finished Area: 1525.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 122403.6
  • General Property Information Lot Size Acres: 2.81
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement: Crawl Space
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 7
  • Basement:Crawl Space: Yes
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Acres: 2.81
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Ninth Grade High School: Orange - Orange
  • Middle Or Junior School: Orange - Gravelly Hill

Lot Info

  • Lot Dimensions: 122404
  • Lot Size Sq Ft: 122403.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1940.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Orange - Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Sep 14, 2021
Sold by
Wright Jeffrey L and Wright Jeffrey L
Bought by
Hardee James Covington
Seller's Agent
Lucas Howard
Elevation Realty, LLC
Buyer's Agent
Non Member
Non Member Office
List Price
$265,000
Sold Price
$267,500
Premium/Discount to List
$2,500
0.94%
Current Estimated Value
$350,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,957
Avg. Annual Appreciation
4.86%
Original Mortgage
$243,181
Outstanding Balance
$223,674
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$100,371

Purchase Details

Closed on
Sep 5, 2018
Sold by
Mckeown Properties Llc
Bought by
Wright Jeffery L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2017
Sold by
Renee S Enterprises Llc
Bought by
Mckeown Properties Llc
Source: Public Records

Range of Values:

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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
Hardee James Covington $267,500 None Available
Wright Jeffery L $183,000 None Available
Mckeown Properties Llc $36,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardee James Covington $243,181
Previous Owner Wright Jeffery L $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $267,500 -- --
09/14/2021 09/14/21 Sold $267,500 +0.9% $175 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $265,000 -- $174 / Sq Ft
Source: Doorify 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 $2,402 $237,600 $45,600 $192,000
2023 $2,341 $237,600 $45,600 $192,000
2022 $2,035 $208,600 $45,600 $163,000
2021 $1,933 $200,100 $39,900 $160,200
2020 $1,940 $189,500 $43,300 $146,200
2018 $0 $37,300 $37,300 $0
2017 $377 $37,300 $37,300 $0
2016 $377 $39,649 $39,649 $0
2015 $377 $39,649 $39,649 $0
2014 $377 $39,649 $39,649 $0
Source: Public Records

Agents Affiliated with this Home

  • Lucas Howard

    Seller's Agent in 2021

    Lucas Howard

    Elevation Realty, LLC

    (336) 675-5880

    2 in this area

    38 Total Sales

    Lucas Howard
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Non Member Office

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Map

Source: Doorify MLS

MLS Number: 2399955

Doorify MLS

APN: 9837887396

North Carolina Orange County Cedar Grove 27231

5227 Poteat Rd, Cedar Grove, NC

This home is located at 5227 Poteat Rd, Cedar Grove, NC 27231 since 05 August 2021 and is currently estimated at $350,457, approximately $229 per square foot. This property was built in 2018. 5227 Poteat Rd is a home located in Orange County with nearby schools including Central Elementary School and Gravelly Hill Middle.

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