NOT LISTED FOR SALE

5414 E Highway 27 Iron Station, NC 28080

Estimated Value: $337,000 - $381,000

4 Beds
1 Bath
3,028 Sq Ft
$121/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $310,000 $102 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,167/month

177 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Enclosed Glass Porch
  • Iron Station Elementary School Rated 9+
  • Attached Garage
  • Laundry Room

About This Home

As of July 2023

MOTIVATED SELLER! Price slashed over $20K below tax value! Come envision the potential of approx. 3000 sqft HLA brick home on 2.25 ac with multiple outbuildings. The right side addition with over 1000 sq.ft. has 2 huge rooms + strg area and includes a 2nd kitchen (plumbing not connected) and 25x14.8 GAR. Septic field expanded to 4BR in 2013, so lots of options if you dream of converting into in-law or owner’s suite. Several original rooms have been used as BRs, but due to common design of older homes, there are no en-suite closets (likely used wardrobes when built). To rectify, sellers split one of the prior BRs using half to enlarge the bath, and half as combo office/closet. A 2nd walk-in closet is accessed from front sunroom. Main kitchen remodeled in 2018. Fridge remains. Main house and addition have separate 2-ton gas pacs. Woodstove with plenty of split wood remaining to keep main house cozy. Lots of updates incl repl windows, new roof/gutters in 2016, and glass rear sunroom.

Last Agent to Sell the Property

MaryLynne Cloninger

Allen Tate Gastonia License #185668 Listed on: 12/28/2022

Allen Tate Gastonia

Last Buyer's Agent

Cherie Loftin

Allen Tate Mooresville/Lake Norman License #249987

Allen Tate Mooresville/Lake Norman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,265

Year Built

  • Built in 1955

Lot Details

  • 2.25 Acre Lot
  • Lot Dimensions are 478x176
  • Property is zoned R-SF

Home Design

  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1-Story Property
  • Wired For Data
  • Ceiling Fan
  • Insulated Windows
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Parking

  • Attached Garage
  • Detached Carport Space

Outdoor Features

  • Outbuilding
  • Enclosed Glass Porch

Schools

  • Iron Station Elementary School
  • East Lincoln Middle School
  • East Lincoln High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 23405

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,265

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1955
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 102.38
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Carpet, Linoleum, Wood
  • Interior Amenities: Attic Stairs Pulldown
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 3028
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 331
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 331
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven
  • Above Grade Finished Sq Ft: 3028
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning Stove
  • Living Area: 3028
  • Window Features: Insulated Window(s)
  • Bedroom Main: 4
  • Room Count: 8

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Exclusions: Dog kennel fencing is portable and does not remain
  • Construction Type: Brick Full
  • Other Structures: Outbuilding
  • Patio And Porch Features: Glass Enclosed

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 374
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Carport, Attached Garage

Utilities

  • Heating: Forced Air, Natural Gas, Propane, Other - See Remarks
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Mud Room, Utility Room, Main Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Wired Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: East Lincoln
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 2.25
  • Lot Size Units: Acres
  • Parcel Number: 23405
  • Lot Size Acres: 2.25
  • Lot Size: 478x176
  • Lot Size Sq Ft: 98010
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-SF

MLS Schools

  • Elementary School: Iron Station
  • High School: East Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2022
Closed on
Jul 24, 2023
Sold by
Cook Carol S and Maines Donald G
Bought by
Loftin Anthony Scott and Loftin Cherie
Seller's Agent
MaryLynne Cloninger
Allen Tate Gastonia
Buyer's Agent
Cherie Loftin
Allen Tate Mooresville/Lake Norman
List Price
$375,000
Sold Price
$310,000
Premium/Discount to List
-$65,000
-17.33%
Views
547
Current Estimated Value
$365,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,934
Avg. Annual Appreciation
3.45%
Original Mortgage
$120,000
Outstanding Balance
$117,323
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving
Estimated Equity
$215,910

Purchase Details

Closed on
Jul 17, 2017
Sold by
Cook Carol S and Maines Donald G
Bought by
Cook Carol S and Maines Donald G

Purchase Details

Closed on
Mar 1, 2016
Sold by
Cook Carol S
Bought by
Cook Carol S and Maines Donald G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.72%
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
Loftin Anthony Scott $310,000 None Listed On Document
Cook Carol S -- None Available
Cook Carol S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loftin Anthony Scott $120,000
Previous Owner Maines Donald G $85,000
Previous Owner Cook Carol S $70,000
Previous Owner Cook Carol S $36,000
Previous Owner Cook Carol S $50,000
Previous Owner Cook Walter D $83,500
Previous Owner Cook Walter D $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2023 07/27/23 Sold $310,000 -3.9% $102 / Sq Ft
06/06/2023 06/06/23 Price Changed $322,500 -4.9% $107 / Sq Ft
05/05/2023 05/05/23 Price Changed $339,000 -3.1% $112 / Sq Ft
03/29/2023 03/29/23 Price Changed $350,000 -5.1% $116 / Sq Ft
01/25/2023 01/25/23 Price Changed $369,000 -1.6% $122 / Sq Ft
12/28/2022 12/28/22 For Sale $375,000 0.0% $124 / Sq Ft
02/23/2012 02/23/12 Rented $800 -20.0% --
01/24/2012 01/24/12 Under Contract -- -- --
01/11/2012 01/11/12 For Rent $1,000 -- --
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 $2,265 $343,228 $40,590 $302,638
2024 $2,245 $343,228 $40,590 $302,638
2023 $2,193 $343,228 $40,590 $302,638
2022 $1,574 $198,400 $33,072 $165,328
2021 $1,574 $198,400 $33,072 $165,328
2020 $1,420 $198,400 $33,072 $165,328
2019 $1,420 $198,400 $33,072 $165,328
2018 $1,276 $161,494 $31,976 $129,518
2017 $1,175 $161,494 $31,976 $129,518
2016 $1,175 $161,494 $31,976 $129,518
2015 $1,237 $161,494 $31,976 $129,518
2014 $1,432 $190,545 $38,393 $152,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3929481

Canopy MLS (Canopy Realtor® Association)

APN: 23405