NOT LISTED FOR SALE

5401 Armfield Mill Rd Monroe, NC 28112

Estimated Value: $183,000 - $226,000

3 Beds
1 Bath
1,005 Sq Ft
$205/Sq Ft Est. Value

Last Sold August 30, 2018

Last sale price $98,000 $98 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,154/month

63 Days on Market

About This Home

As of August 2018

For sale is newer remodeled house located in the country and surrounded by farms. Bring your animals and have your own little farm on 1.5 acre. Enjoy privacy and wooded back yard. New windows, roof, A/C, kitchen, flooring and fresh paint. The new septic system was installed in 2016.

Last Agent to Sell the Property

Serge Baygulow

Carolina State Realty License #259847 Listed on: 05/24/2018

Last Buyer's Agent

Kerry Greene

Farms & Estates Realty Inc License #293410

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 1.51

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House

Flooring

  • Wood
  • Laminate
  • Vinyl

Additional Features

  • 1 Full Bathroom
  • Well

Listing and Financial Details

  • Assessor Parcel Number 04120014

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.90745
  • Ratio Close Price By Original Li: 0.81667
  • Ratio Current Price By Acre: 64900.66
  • Ratio Current Price By Sq Ft: 97.51
  • Year Built: 1960
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Flooring: Laminate Wood, Vinyl, Wood
  • Room Count: 1
  • Main Level Sq Ft: 1005
  • Total Sq Ft: 1005

Exterior Features

  • Construction: Brick Partial
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Heat Pump - AC
  • Sewer: Septic Tank
  • Water: Well
  • Water Heater: Electric

Lot Info

  • Lot Features: Lake
  • Parcel Number: 04120014
  • Zoning Specification: R-40

Tax Info

  • Tax Value: 63200.00
  • Tax Location: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2020
Sold by
Sutton Weston
Bought by
Moser David
Current Estimated Value
$206,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Outstanding Balance
$101,459
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$104,546

Purchase Details

Listed on
May 24, 2018
Closed on
Aug 30, 2018
Sold by
Baygulow Serge and Baygulow Elena
Bought by
Sutton Weston
Seller's Agent
Serge Baygulow
Carolina State Realty
Buyer's Agent
Kerry Greene
Farms & Estates Realty Inc
List Price
$114,500
Sold Price
$98,000
Premium/Discount to List
-$16,500
-14.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.67%
Original Mortgage
$99,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 2, 2017
Closed on
Nov 30, 2017
Sold by
Ikerd Albert L and Ikerd Theresa S
Bought by
Baygulow Serge
Seller's Agent
Jeannie Jenkins
Jenkins Realty NCSC LLC
Buyer's Agent
Serge Baygulow
Carolina State Realty
List Price
$40,000
Sold Price
$40,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
230.28%
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
Moser David $125,000 None Available
Sutton Weston $98,000 None Available
Baygulow Serge $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moser David $115,000
Previous Owner Sutton Weston $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2018 08/30/18 Sold $98,000 -9.3% $98 / Sq Ft
07/26/2018 07/26/18 Pending -- -- --
07/21/2018 07/21/18 Price Changed $107,995 -1.8% $107 / Sq Ft
07/09/2018 07/09/18 Price Changed $110,000 -3.9% $109 / Sq Ft
06/18/2018 06/18/18 For Sale $114,500 +16.8% $114 / Sq Ft
06/18/2018 06/18/18 Off Market $98,000 -- --
05/29/2018 05/29/18 Price Changed $114,500 -4.6% $114 / Sq Ft
05/24/2018 05/24/18 For Sale $120,000 +200.0% $119 / Sq Ft
11/30/2017 11/30/17 Sold $40,000 0.0% $40 / Sq Ft View Prior Sale
11/03/2017 11/03/17 Pending -- -- --
11/02/2017 11/02/17 For Sale $40,000 -- $40 / 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
2025 $899 $188,100 $0 $0
2024 $660 $103,300 $28,000 $75,300
2023 $643 $103,300 $28,000 $75,300
2022 $597 $95,800 $28,000 $67,800
2021 $607 $95,800 $28,000 $67,800
2020 $501 $63,170 $18,970 $44,200
2019 $562 $63,170 $18,970 $44,200
2018 $562 $63,170 $18,970 $44,200
2017 $594 $63,200 $19,000 $44,200
2016 $584 $63,170 $18,970 $44,200
2015 $591 $63,170 $18,970 $44,200
2014 $613 $80,390 $36,800 $43,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3395963

Canopy MLS (Canopy Realtor® Association)

APN: 04-120-014