NOT LISTED FOR SALE

532 Palmer Rd Lexington, NC 27292

Estimated Value: $185,000 - $262,000

3 Beds
1.5 Baths
1,200 Sq Ft
$176/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $111,000 $92 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $1,169/month

22 Days on Market

Highlights

  • No HOA
  • 1 Car Attached Garage
  • Ceiling Fan
  • Porch
  • Outdoor Storage
  • Fenced

About This Home

As of September 2018

Brick home on acre lot not in a development. Fenced back yard. 1car attached garage. Large building that could be a great man cave. You will love the back yard. Home will need some TLC inside. Seller will provide a home warranty with acceptable offer

Last Agent to Sell the Property

Pam Pettus

Thomason Realty Group, LLC License #220742 Listed on: 07/30/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $522

Year Built

  • Built in 1976

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 99 x 429 x 89 x 435
  • Fenced
  • Cleared Lot
  • Property is zoned RS

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,100 Sq Ft Home
  • 900-1,200 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Free-Standing Range
  • Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Central Middle School
  • Central Davidson High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1502800000049

Home Details

Home Type

Single Family

Est. Annual Taxes

$522

Year Built

Built in 1976

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 1
  • Lot Size: 99 x 429 x 89 x 435
  • Subdivision Name: None
  • Directions: Hwy 8 South out of Lexington. left on Holloways Church Rd cross bridge and left on Palmer home on right about 1/2 mile
  • Above Grade Finished Sq Ft: 1100
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1976
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 900 - 1200
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: Yes
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1100
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1

Exterior Features

  • Exterior Features: Garden
  • Fencing: Fenced
  • Lot Features: Cleared
  • Pool Features: None
  • Construction Type: Brick
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Washer Hookup
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Call School Board
  • High School: Central Davidson
  • Middle Or Junior School: Central

Lot Info

  • Parcel #: 1502800000049
  • Zoning: RS
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 522
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2018
Closed on
Sep 21, 2018
Sold by
Cox Merrell F
Bought by
Peace Randy B and Peace Mary A
Seller's Agent
Pam Pettus
Thomason Realty Group, LLC
List Price
$109,000
Sold Price
$111,000
Premium/Discount to List
$2,000
1.83%
Current Estimated Value
$211,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,299
Avg. Annual Appreciation
9.50%
Original Mortgage
$112,121
Outstanding Balance
$97,575
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$113,724

Purchase Details

Listed on
Dec 7, 2013
Closed on
Jun 20, 2014
Sold by
Cooke Michael G
Bought by
Cox Merrell F
List Price
$85,000
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%
Original Mortgage
$85,000
Interest Rate
4.19%
Mortgage Type
VA

Purchase Details

Listed on
Dec 7, 2013
Closed on
Jun 5, 2014
Sold by
Myrick Donna D
Bought by
Cooke Michael G
List Price
$85,000
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.19%
Mortgage Type
VA

Purchase Details

Closed on
Jan 13, 2009
Sold by
Nichols Hunter and Nichols Emily K
Bought by
Cooke Michael G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,428
Interest Rate
5.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2000
Sold by
Jolly Tracie S
Bought by
Nichols Hunter

Purchase Details

Closed on
Apr 1, 1991
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
Peace Randy B $111,000 None Available
Cox Merrell F -- None Available
Cox Merrell F $85,000 None Available
Cooke Michael G -- None Available
Cooke Michael G $70,000 None Available
Nichols Hunter -- --
-- $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peace Randy B $112,121
Previous Owner Cox Merrell F $85,000
Previous Owner Cooke Michael G $85,000
Previous Owner Cooke Michael G $71,428
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2018 09/28/18 Sold $111,000 +1.8% $123 / Sq Ft
08/22/2018 08/22/18 Pending -- -- --
07/30/2018 07/30/18 For Sale $109,000 +28.2% $121 / Sq Ft
06/20/2014 06/20/14 Sold $85,000 0.0% $77 / Sq Ft View Prior Sale
05/14/2014 05/14/14 Pending -- -- --
12/07/2013 12/07/13 For Sale $85,000 -- $77 / Sq Ft
Source: Triad 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 $754 $114,250 $0 $0
2024 $754 $114,250 $0 $0
2023 $754 $114,250 $0 $0
2022 $754 $114,250 $0 $0
2021 $720 $114,250 $0 $0
2020 $606 $96,090 $0 $0
2019 $615 $96,090 $0 $0
2018 $522 $83,480 $0 $0
2017 $519 $83,030 $0 $0
2016 $519 $83,030 $0 $0
2015 $519 $83,030 $0 $0
2014 $501 $80,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Pam Pettus

    Thomason Realty Group, LLC

    (336) 978-7614

    59 Total Sales

    Pam Pettus
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Map

Source: Triad MLS

MLS Number: 897132

Triad MLS

APN: 15-028-0-000-0049-0-0-0

North Carolina Davidson County Lexington 27292

532 Palmer Rd, Lexington, NC

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