NOT LISTED FOR SALE

523 Margaret Dr Statesville, NC 28677

Estimated Value: $343,000 - $445,000

6 Beds
2 Baths
3,329 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $225,000 $68 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,431/month

2 Days on Market

Highlights

  • Wood Flooring
  • High Speed Internet
  • Wood Burning Fireplace
  • Fire Pit
  • Many Trees

About This Home

As of May 2019

Welcome to this beautifully maintained 1929 Craftsman home nestled in a quiet transitional neighborhood (Old Country Club) in Statesville on a generous sized lot. Well maintained, this home will provide more years than you can count, of classic, comfortable, cozy entertaining and living space. The home was remodeled and completed in 2018. This character filled home has 6 bedrooms, formal dining/sitting room, office space/sun room, that give plenty of space for entertainment, children or AirBnB potential.

Last Agent to Sell the Property

Beth Kirton

Rocket Homes Real Estate LLC License #298715 Listed on: 03/30/2019

Last Buyer's Agent

Katherine Hansen

Southern Homes of the Carolinas, Inc License #213349

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1929

Lot Details

  • 0.74

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Wood Burning Fireplace
  • Crawl Space
  • Oven

Flooring

  • Wood
  • Carpet
  • Tile

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • Fire Pit
  • Many Trees

Listing and Financial Details

  • Assessor Parcel Number 4744-34-7889.000

Home Details

Home Type

Single Family

Year Built

Built in 1929

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 0.97826
  • Ratio Close Price By Original Li: 0.97826
  • Ratio Current Price By Acre: 301204.82
  • Ratio Current Price By Sq Ft: 67.59
  • Year Built: 1929
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Upper Level Sq Ft: 1284
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 6
  • Equipment: Cooktop Electric, Dishwasher, Oven, Refrigerator
  • Fireplace Description: Living Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Cable Available
  • Laundry Location: Laundry Room
  • Room Count: 2
  • Sq Ft Additional: 430
  • Main Level Sq Ft: 2045
  • Total Sq Ft: 3329
  • Sq Ft Unheated Basement: 1905
  • Sq Ft Unheated Total: 1905

Exterior Features

  • Construction: Brick Full, Wood
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Fire pit, Wired Internet Available

Garage/Parking

  • Driveway: Asphalt, Gravel
  • Parking: Back Load Garage, Detached Garage, Garage - 1 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Dimension: 56x56x136x82x151x127x237
  • Lot Features: Trees
  • Parcel Number: 4744-34-7889.000
  • Zoning Specification: R10

Tax Info

  • Tax Value: 158330.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2019
Closed on
May 10, 2019
Sold by
Ballard Brian A and Paronett Ballard Patricia
Bought by
Crites K Denise
Seller's Agent
Beth Kirton
Rocket Homes Real Estate LLC
Buyer's Agent
Katherine Hansen
Southern Homes of the Carolinas, Inc
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%
Current Estimated Value
$412,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,184
Avg. Annual Appreciation
9.70%
Original Mortgage
$100,000
Outstanding Balance
$87,561
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$324,623

Purchase Details

Closed on
Nov 29, 2012
Sold by
Equity Trust
Bought by
Ballard Brian A and Ballard Patricia Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,047
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 5, 2012
Sold by
Detusche Bank National Trust Company
Bought by
Equity Trust and Sterling Trust

Purchase Details

Closed on
Apr 13, 2011
Sold by
Romano Franco J and Romano Susan
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 29, 2004
Sold by
Benfield Ronald W and Benfield Pamela D
Bought by
Romano Franco J and Romano Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,400
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1996

Purchase Details

Closed on
Jul 1, 1988

Purchase Details

Closed on
Jun 8, 1984
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Crites K Denise $225,000 None Available
Ballard Brian A $124,500 None Available
Equity Trust $60,000 None Available
Deutsche Bank National Trust Company $187,000 None Available
Romano Franco J $213,000 --
-- -- --
-- -- --
-- $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crites K Denise $100,000
Previous Owner Ballard Brian A $119,047
Previous Owner Romano Franco J $170,400
Closed Romano Franco J $42,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2019 05/10/19 Sold $225,000 -2.2% $68 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/30/2019 03/30/19 For Sale $230,000 -- $69 / 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 $3,059 $294,680 $37,500 $257,180
2023 $3,059 $294,680 $37,500 $257,180
2022 $2,474 $216,890 $17,250 $199,640
2021 $2,530 $216,890 $17,250 $199,640
2020 $2,530 $216,890 $17,250 $199,640
2019 $1,923 $162,500 $23,000 $139,500
2018 $1,769 $158,330 $23,000 $135,330
2017 $1,736 $158,330 $23,000 $135,330
2016 $1,736 $158,330 $23,000 $135,330
2015 $1,536 $158,330 $23,000 $135,330
2014 $1,647 $178,230 $23,000 $155,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3485572

Canopy MLS (Canopy Realtor® Association)

APN: 4744-34-7889.000