NOT LISTED FOR SALE

535 Fairway Dr Southern Pines, NC 28387

Estimated Value: $630,000 - $692,000

4 Beds
3.5 Baths
3,220 Sq Ft
$208/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $502,000 $156 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,887/month

4 Days on Market

Highlights

  • On Golf Course
  • 1.14 Acre Lot
  • Main Floor Primary Bedroom
  • Pinecrest High School Rated A-
  • Wood Flooring
  • 3 Fireplaces

About This Home

As of December 2021

A remarkable opportunity in Knollwood Heights to purchase a vintage colonial 4 Bdr. home on two lots (one being buildable) backing up to the Pine Needles golf course. Built in 1928 this home has character galore and a storybook Knollwood location. Both lots are .57 acres. Close to schools, (McDeeds Creek Elementary & Crains Creek Middle),shops, parks and downtown Southern Pines, Knollwood has a pedigree all its own. (see associated docs) The home is adorned with original trim, hardwood floors and the potential to take this home (see associated docs) to the next level for the next 50 years. The history of this home (see docs) is as significant as the possibilities for the next owner to put their stamp on this iconic property.

Last Agent to Sell the Property

Bill Sahadi

Fore Properties License #185488 Listed on: 10/28/2021

Last Buyer's Agent

Rachel Hernandez

Keller Williams Pinehurst License #280490

Keller Williams Pinehurst

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,415

Year Built

  • Built in 1928

Lot Details

  • 1.14 Acre Lot
  • On Golf Course
  • Property is zoned RS-3

Home Design

  • Permanent Foundation
  • Wood Frame Construction
  • Slate Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 3,220 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 3 Fireplaces
  • Gas Log Fireplace
  • Shutters
  • Family Room
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Sun or Florida Room
  • Storm Windows

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Unfinished Basement

  • Laundry in Basement
  • Crawl Space

Parking

  • Unpaved Parking
  • Assigned Parking

Outdoor Features

  • Screened Patio

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Electric Water Heater
  • Fuel Tank

Community Details

  • No Home Owners Association
  • Knollwood Heights Subdivision

Listing and Financial Details

  • Tax Lot 504, 505
  • Assessor Parcel Number 00031766

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,415

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Basement, Two
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished - No
  • Dining Room Type: Formal
  • Fireplace: 3+
  • Flooring: Tile, Vinyl, Wood
  • Heated Sq Ft: 3000 - 3499
  • Interior Amenities: Ceiling Fan(s), Gas Logs
  • Laundry Location: Basement
  • List Price per Sq Ft: 151.86
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 4
  • Number Rooms: 11
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bonus Room Level: Second
  • Family Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Primary Bedroom Level: Second
  • Other Level: Main
  • Sunroom Level: Main
  • Sq Ft Heated: 3220.00
  • Total Heated Primary Separate Sq Ft: 3220.00

Exterior Features

  • Exterior Features: Shutters - Functional, Storm Windows
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Crawl Space, Permanent
  • Porch Balcony Deck: Patio, Screened
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Slate
  • Waterfront: No

Garage/Parking

  • Parking Driveway: Assigned, Unpaved

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Stove/Oven - Electric, Microwave - Built-In, Disposal
  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: Sewer Connected, Water Connected
  • Water Heater: Electric
  • Internet Service Provider: Spectrum

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Trash

Lot Info

  • Deed Page: 309.00
  • Lot Acres: 1.14
  • Lot Description: On Golf Course
  • Lot Dimensions: 125x200 (each lot)
  • Lot Number: 504, 505
  • Lot Sq Ft: 49658.00
  • Plat Book: 000
  • Plat Page: 000
  • Zoning: RS-3

Tax Info

  • Tax Identifier: 00031766
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 3415.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Dec 2, 2021
Sold by
Maybouer Matthew Ross and Maybouer Sara Elizabeth
Bought by
Salmon Neil Andrew and Salmon Jacqueline Anne
Seller's Agent
Bill Sahadi
Fore Properties
Buyer's Agent
Rachel Hernandez
Keller Williams Pinehurst
List Price
$489,000
Sold Price
$502,000
Premium/Discount to List
$13,000
2.66%
Current Estimated Value
$669,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,647
Avg. Annual Appreciation
8.05%
Original Mortgage
$476,900
Outstanding Balance
$439,683
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$229,964

Purchase Details

Listed on
May 21, 2015
Closed on
Mar 16, 2016
Sold by
Broughton Howard C and Broughton Penelope D
Bought by
Maybouer Matthew Ross and Maybouer Sara Elizabeth
Seller's Agent
Kay Beran
Berkshire Hathaway HS SP/Pinehurst Realty Group/SP
Buyer's Agent
Bill Sahadi
Fore Properties
List Price
$377,500
Sold Price
$377,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$358,625
Interest Rate
3.64%
Mortgage Type
New Conventional
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
Salmon Neil Andrew $502,000 None Available
Maybouer Matthew Ross $378,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salmon Neil Andrew $100,000
Open Salmon Neil Andrew $476,900
Previous Owner Maybouer Matthew Ross $358,625
Previous Owner Broughton Howard Chalk $122,000
Previous Owner Broughton Howard Chalk $25,000
Previous Owner Broughton Howard C $121,322
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $502,000 +2.7% $156 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $489,000 +29.5% $152 / Sq Ft
03/29/2016 03/29/16 Sold $377,500 0.0% $117 / Sq Ft
02/28/2016 02/28/16 Pending -- -- --
05/21/2015 05/21/15 For Sale $377,500 -- $117 / 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
2024 $3,207 $503,020 $125,000 $378,020
2023 $3,307 $503,020 $125,000 $378,020
2022 $3,036 $328,210 $90,000 $238,210
2021 $3,105 $326,810 $90,000 $236,810
2020 $3,131 $326,810 $90,000 $236,810
2019 $3,131 $326,810 $90,000 $236,810
2018 $2,973 $328,560 $102,000 $226,560
2017 $2,941 $328,560 $102,000 $226,560
2015 $2,842 $328,560 $102,000 $226,560
2014 $3,844 $449,620 $80,000 $369,620
2013 -- $449,620 $80,000 $369,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100297389

Hive MLS

APN: 8582-06-39-1387