NOT LISTED FOR SALE

547 Luther Dr Iron Station, NC 28080

Estimated Value: $513,423 - $551,000

3 Beds
2 Baths
2,201 Sq Ft
$243/Sq Ft Est. Value

Last Sold March 23, 2023

Last sale price $440,000 $200 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,099/month

112 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Attached Garage
  • Four Sided Brick Exterior Elevation
  • St. James Elementary School Rated A-
  • Laundry Room
  • Central Air

About This Home

As of March 2023

Price improvement on this rare, all brick ranch is ready for a new owner. Sitting on .75 acres and boasting hardwoods throughout, fresh paint, and elevated ceilings, this open concept plan is located in the picturesque Sigmon Farms Subdivision. This home has 3 bedrooms, 2 bathrooms, with formal dining, and eat-in kitchen. Extra-large two-car side load garage and beautiful screened in porch are must see features on this wonderful home. Book your showing today! USDA eligible (100% financing available)

Last Agent to Sell the Property

James Williams

Coldwell Banker Realty License #122033 Listed on: 11/11/2022

Coldwell Banker Realty

Last Buyer's Agent

Nancy Lewis

EXP Realty LLC Mooresville License #259964

EXP Realty LLC Mooresville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,997

Year Built

  • Built in 2007

Lot Details

  • 0.85 Acre Lot
  • Property is zoned R-T

HOA Fees

  • $23 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2,201 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Electric Water Heater
  • Septic Tank

Community Details

  • Sigmon Farms Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 75680

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,997

Year Built

Built in 2007

Lot Details

0

HOA Fees

$23 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 2007
  • Road Surface Type: Concrete
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 199.91
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2201
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater
  • Above Grade Finished Sq Ft: 2201
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 2201
  • Bedroom Main: 3

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Full

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage

Utilities

  • Sewer: Septic Installed
  • Laundry Features: Main Level
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 280
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 280.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 75680
  • Lot Size Acres: 0.846
  • Lot Size Sq Ft: 36851
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-T

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Mar 10, 2023
Sold by
Wulfhorst D Todd
Bought by
Ratza Eric A and Ratza Kimberly A
Seller's Agent
James Williams
Coldwell Banker Realty
Buyer's Agent
Nancy Lewis
EXP Realty LLC Mooresville
List Price
$540,000
Sold Price
$440,000
Premium/Discount to List
-$100,000
-18.52%
Views
62
Current Estimated Value
$535,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,106
Avg. Annual Appreciation
7.58%

Purchase Details

Closed on
Dec 9, 2005
Sold by
Sigman Farms Inc
Bought by
Robinson Sherman E and Smallwood Robinson Anna E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ratza Eric A $437,500 --
Robinson Sherman E $24,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2023 03/23/23 Sold $440,000 -2.2% $200 / Sq Ft
02/22/2023 02/22/23 Price Changed $449,900 -10.0% $204 / Sq Ft
01/25/2023 01/25/23 Price Changed $499,900 -4.7% $227 / Sq Ft
01/10/2023 01/10/23 Price Changed $524,800 0.0% $238 / Sq Ft
12/17/2022 12/17/22 Price Changed $524,900 -2.8% $238 / Sq Ft
11/11/2022 11/11/22 For Sale $540,000 -- $245 / 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 $2,997 $461,603 $43,000 $418,603
2024 $2,977 $461,603 $43,000 $418,603
2023 $2,910 $461,603 $43,000 $418,603
2022 $2,326 $300,654 $32,000 $268,654
2021 $2,326 $300,654 $32,000 $268,654
2020 $2,151 $300,654 $32,000 $268,654
2019 $2,151 $300,654 $32,000 $268,654
2018 $1,954 $254,702 $31,000 $223,702
2017 $1,853 $254,702 $31,000 $223,702
2016 $1,853 $254,702 $31,000 $223,702
2015 $1,902 $254,702 $31,000 $223,702
2014 $1,845 $248,894 $31,000 $217,894
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3918810

Canopy MLS (Canopy Realtor® Association)

APN: 75680