NOT LISTED FOR SALE

531 Luther Banks Rd Richlands, NC 28574

Estimated Value: $48,423 - $57,000

5.42 Acres
$9,725 Price per Acre
236,095 Sq Ft Lot

Last Sold November 08, 2023

Last sale price $45,000

Est. 17% increase in value since last sale

Current estimated payment $299/month

105 Days on Market

Highlights

  • Horses Allowed On Property
  • 5.42 Acre Lot
  • Wooded Lot

About This Lot

As of November 2023

Discover your very own 5.4-acre lot with no known restrictions. This remarkable property has an expired septic permit for 3 bedrooms, alongside a boundary survey conducted in 2020, ensuring a well-defined and hassle-free ownership experience. With 112 feet of paved state road frontage, this lot offers unparalleled accessibility to the highway. The property's Zoning classification as Rural Agricultural opens up exciting possibilities, including the potential for Accessory Dwelling Units, accessory structures, campgrounds by special use, manufactured homes, and various small business ventures. Embrace the freedom to bring your dreams to life on this versatile piece of land. For more information on this unique opportunity, get in touch with a knowledgeable Realtor experienced in land transactions. Make the call today and seize the chance to claim this outstanding property as your own!

Last Agent to Sell the Property

Christina Asbury

Coldwell Banker Sea Coast Advantage License #211160 Listed on: 06/30/2023

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Lacy Raynor

Coldwell Banker Sea Coast Advantage-Hampstead License #251329

Coldwell Banker Sea Coast Advantage-Hampstead

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $269

Lot Details

  • 5.42 Acre Lot
  • Rural Setting
  • Wooded Lot
  • Property is zoned RA

Schools

  • Richlands Elementary School
  • Trexler Middle School
  • Richlands High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Septic Permit Issued
  • Sewer Not Available

Community Details

  • Fox Crossing Subdivision

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 32a-35

Property Details

Property Type

Land

Est. Annual Taxes

$269

Lot Details

0

Listing Details

  • Property Type: Land
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Horses Y N: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Maintained, Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: No

Utilities

  • Fuel Tank: None
  • Utilities: Municipal Water Available, No Sewer, See Remarks, Septic Permit on file

Association/Amenities

  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 831.00
  • Lot Description: Rural, Wooded
  • Lot Dimensions: irregular
  • Lot Number: 35
  • Lot Sq Ft: 236095.00
  • Special Assessments: none known
  • Zoning: RA
  • Acres: 5.42
  • Wooded Acres: 5.42
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 9225.09
  • Soil Evaluation: Soil Evaluation - Yes
  • Topography: Wooded
  • Lot Number2: 35

Tax Info

  • Tax Identifier: 32a-35
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 268.88
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Richlands
  • High School: Richlands
  • Middle School: Trexler
  • School District: Onslow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Nov 2, 2023
Sold by
Sustaita Lance and Sustaita Jessica
Bought by
Jones Russell D
Seller's Agent
Christina Asbury
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Lacy Raynor
Coldwell Banker Sea Coast Advantage-Hampstead
List Price
$50,000
Sold Price
$45,000
Premium/Discount to List
-$5,000
-10%
Views
256
Current Estimated Value
$52,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,712
Avg. Annual Appreciation
8.36%

Purchase Details

Listed on
May 25, 2019
Closed on
May 12, 2020
Sold by
Arnold Scott E and Arnold Michelle
Bought by
Sustaita Lance and Sustaita Jessica
Seller's Agent
Tracy Dougherty
Berkshire Hathaway HomeServices Hometown, REALTORS
Buyer's Agent
Nina Martinez
Coldwell Banker Sea Coast Advantage
List Price
$30,000
Sold Price
$22,000
Premium/Discount to List
-$8,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.76%

Purchase Details

Closed on
Jun 3, 2003
Bought by
Arnold Scotty E
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 Buyer Sale Price Title Company
Jones Russell D $45,000 None Listed On Document
Sustaita Lance $22,000 Non Avilable
Arnold Scotty E $17,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2023 11/08/23 Sold $45,000 -10.0% --
10/13/2023 10/13/23 Pending -- -- --
10/09/2023 10/09/23 Price Changed $50,000 0.0% --
10/09/2023 10/09/23 For Sale $50,000 -28.6% --
09/23/2023 09/23/23 Pending -- -- --
08/10/2023 08/10/23 Price Changed $70,000 -17.6% --
06/30/2023 06/30/23 For Sale $85,000 +286.4% --
05/12/2020 05/12/20 Sold $22,000 -26.7% -- View Prior Sale
03/30/2020 03/30/20 Pending -- -- --
05/24/2019 05/24/19 For Sale $30,000 -- --
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 $269 $41,050 $41,050 $0
2024 $269 $41,050 $41,050 $0
2023 $269 $41,050 $41,050 $0
2022 $269 $41,050 $41,050 $0
2021 $161 $22,840 $22,840 $0
2020 $161 $22,840 $22,840 $0
2019 $161 $22,840 $22,840 $0
2018 $161 $22,840 $22,840 $0
2017 $169 $25,050 $25,050 $0
2016 $169 $25,050 $0 $0
2015 $169 $25,050 $0 $0
2014 $169 $25,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christina Asbury

    Seller's Agent in 2023

    Christina Asbury

    Coldwell Banker Sea Coast Advantage

    (910) 262-3948

    8 in this area

    311 Total Sales

    Christina Asbury
    Section Image

  • L

    Buyer's Agent in 2023

    Lacy Raynor

    Coldwell Banker Sea Coast Advantage-Hampstead

    4 in this area

    22 Total Sales

    Lacy Raynor
    Section Image

  • T

    Seller's Agent in 2020

    Tracy Dougherty

    Berkshire Hathaway HomeServices Hometown, REALTORS

  • N

    Buyer's Agent in 2020

    Nina Martinez

    Coldwell Banker Sea Coast Advantage

    Section Image
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Map

Source: Hive MLS

MLS Number: 100392427

Hive MLS

APN: 062595

North Carolina Onslow County Richlands 28518

531 Luther Banks Rd, Richlands, NC

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Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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