NOT LISTED FOR SALE

5296 S Nc Highway 50 Wallace, NC 28466

Estimated Value: $297,000 - $522,000

3 Beds
2.5 Baths
1,710 Sq Ft
$212/Sq Ft Est. Value

Last Sold April 02, 2020

Last sale price $227,000 $133 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,061/month

8 Days on Market

Highlights

  • Barn
  • Deck
  • 1 Fireplace
  • 3.95 Acre Lot
  • Main Floor Primary Bedroom
  • No HOA

About This Home

As of April 2020

Authentic log cabin on almost 4 acres of land.This home has never been flooded and is not in a flood zone. Enjoy the private setting sitting well off the road. 3 bedrooms and 2 full baths with master on first floor. Walls are made of knotted pine and interior logs complete the rustic look throughout the home. Large bonus room with loft located on main level offer many options. Not included in square footage due to no heat but could easily be added . Step outside and enjoy lots of room for horses, or plenty of animals.. Enjoy your piece of paradise while swinging on the large front door or entertain on your screened in porch. This property is priced well below appraised value so you can give it some TLC to make it your own. Call for your private showing.

Last Agent to Sell the Property

Pam Knowles

Property Plus Carolina License #228072 Listed on: 01/23/2020

Last Buyer's Agent

Living By The Coast

RE/MAX Executive License #C37005

RE/MAX Executive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,940

Year Built

  • Built in 1991

Lot Details

  • 3.95

Home Design

  • Block Foundation
  • Shingle Roof
  • Log Siding
  • Stick Built Home

Interior Spaces

  • 1,710 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Formal Dining Room
  • Den
  • Crawl Space
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Parking

  • 6 Parking Spaces
  • Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Screened Patio
  • Separate Outdoor Workshop
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Additional Features

  • 3.95 Acre Lot
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08-984

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,940

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Log
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Formal
  • Fireplace: 1
  • Flooring: Carpet, Vinyl
  • Heated Sq Ft: 1600 - 1799
  • Interior Amenities: None
  • List Price per Sq Ft: 140.29
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 3
  • Number Rooms: 6
  • Separate Living Spcs Addl Sep Bldg Desc: Work Shop
  • Sq Ft Heated: 1710.00
  • Total Heated Primary Separate Sq Ft: 1710.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Log
  • Exterior Structures: Barn(s), Workshop
  • Fencing: None
  • Foundation: Block, Crawl Space
  • Porch Balcony Deck: Deck, Porch, Screened
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking Driveway Spaces: 6.00
  • Parking Driveway: Paved

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator
  • Cooling System: Central
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Heating System: Forced Air
  • Utilities: Municipal Water, Septic On Site

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Schools

  • School District: Duplin

Lot Info

  • Deed Page: 73.00
  • Lot Acres: 3.95
  • Lot Sq Ft: 172062.00

Tax Info

  • Tax Identifier: 08-984
  • Tax Year: 2018

MLS Schools

  • School District: Duplin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2020
Closed on
Mar 16, 2020
Sold by
Smith Edward A and Smith Donna L
Bought by
Messer Philip and Messer Jennifer
Seller's Agent
Pam Knowles
Property Plus Carolina
Buyer's Agent
Living By The Coast
RE/MAX Executive
List Price
$239,900
Sold Price
$227,000
Premium/Discount to List
-$12,900
-5.38%
Current Estimated Value
$361,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,993
Avg. Annual Appreciation
8.76%
Original Mortgage
$215,650
Outstanding Balance
$190,625
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$171,368

Purchase Details

Closed on
Apr 30, 2018
Sold by
Rabon Michael C
Bought by
Sholar Jamie F and Best-Sholar Rhonda

Purchase Details

Closed on
Jun 16, 2005
Sold by
Starta Martin V and Starta Leesa L
Bought by
Smith Edward A and Smith Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,171
Interest Rate
5.66%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Messer Philip $227,000 None Available
Sholar Jamie F $350,000 --
Smith Edward A $194,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Messer Philip $215,650
Previous Owner Smith Edward A $198,171
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2020 04/02/20 Sold $227,000 -5.4% $133 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $239,900 -- $140 / Sq Ft
Source: Hive 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
2025 $1,940 $315,500 $53,500 $262,000
2024 $1,334 $166,500 $37,200 $129,300
2023 $1,307 $166,500 $37,200 $129,300
2022 $1,307 $166,500 $37,200 $129,300
2021 $0 $166,500 $37,200 $129,300
2020 $1,314 $166,500 $37,200 $129,300
2019 $1,375 $166,500 $37,200 $129,300
2018 $1,375 $166,500 $37,200 $129,300
2016 $1,331 $156,900 $32,000 $124,900
2013 $1,289 $156,900 $32,000 $124,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100200949

Hive MLS

APN: 08-984