NOT LISTED FOR SALE

55 Southbrook Ln Sanford, NC 27332

Estimated Value: $495,000 - $528,000

5 Beds
4 Baths
3,431 Sq Ft
$148/Sq Ft Est. Value

Last Sold June 25, 2020

Last sale price $315,000 $92 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,002/month

52 Days on Market

Highlights

  • Beach Access
  • 1 Acre Lot
  • Community Pool
  • Golf Course Community
  • Clubhouse
  • Breakfast Area or Nook

About This Home

As of June 2020

Vacation year around in this gated community! Custom home features fresh paint throughout, upgraded laminate floors, high end appliances, and open floor plan. Large master bedroom with sitting room. Master bathroom features huge WIC, dual sinks, and oversized garden tub. Two bedrooms connected with jack and jill bath. Fourth bedroom up has private bath. Guest Suite/5th bedroom down with full bathroom. Large backyard well maintained with fire pit!

Last Agent to Sell the Property

TOBIE HICKEY

MAIN STREET REALTY INC. License #281488 Listed on: 04/01/2020

Last Buyer's Agent

Tony De La Vega

COLDWELL BANKER ADVANTAGE - YADKIN ROAD License #283870

COLDWELL BANKER ADVANTAGE - YADKIN ROAD

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,945

Year Built

  • Built in 2011

Lot Details

  • 1 Acre Lot
  • Property is in good condition

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Vinyl Siding
  • Stone Veneer

Interior Spaces

  • 3,431 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • Factory Built Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop
  • Microwave

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Double Vanity
  • Separate Shower

Outdoor Features

  • Beach Access
  • Playground

Schools

  • Highland Elementary School
  • Highland Middle School
  • Overhills Senior High School

Utilities

  • Heat Pump System

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 03958520 0047

Community Details

Overview

  • Carolina Lakes Association
  • Carolina Lakes Subdivision

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,945

Year Built

Built in 2011

Lot Details

0

HOA Fees

$75 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Inclusions: Kitchen appliances
  • Ownership: More than a year
  • Subdivision Name: CAROLINA LAKES
  • Architectural Style: Two Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2011
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Cooktop, Microwave, Range, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Factory Built
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate, Carpet
  • Interior Amenities: Breakfast Area, Tray Ceiling(s), Double Vanity, Separate Shower, Walk-In Closet(s)
  • Living Area: 3431.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Beach Access
  • Exclusions: None
  • Home Warranty: Yes
  • Construction Type: Stone Veneer, Vinyl Siding
  • Exterior Features: Playground
  • Foundation Details: Slab
  • Property Condition: Good Condition

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: County Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Pool, Golf
  • Association Fee: 900.0
  • Association Fee Frequency: Annually
  • Association Name: Carolina Lakes
  • Association: Yes

Schools

  • Elementary School: Highland Elementary
  • High School: Overhills Senior High
  • Middle Or Junior School: Highland Middle School

Lot Info

  • Parcel #: 03958520 0047
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2020
Closed on
Jun 5, 2020
Sold by
Wagner Denis M and Wagner Jennifer J
Bought by
Wallace Kevin B and Wallace Erica A
Seller's Agent
TOBIE HICKEY
MAIN STREET REALTY INC.
Buyer's Agent
Tony De La Vega
COLDWELL BANKER ADVANTAGE - YADKIN ROAD
List Price
$315,000
Sold Price
$315,000
Current Estimated Value
$508,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,868
Avg. Annual Appreciation
9.27%
Original Mortgage
$304,187
Outstanding Balance
$269,638
Interest Rate
3.2%
Mortgage Type
VA
Estimated Equity
$239,230

Purchase Details

Listed on
May 1, 2017
Closed on
May 17, 2017
Sold by
Krouse Dennis Vincent and Krouse Pamela
Bought by
Wagner Dennis M and Wagner Jennifer J
Seller's Agent
Chris Blackmon
WEST MAPLE REALTY LLC.
Buyer's Agent
Trevor Ferguson
FATHOM REALTY NC, LLC FAY.
List Price
$287,000
Sold Price
$287,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.11%
Original Mortgage
$293,170
Interest Rate
4.03%
Mortgage Type
VA

Purchase Details

Closed on
Aug 23, 2011
Sold by
Medallion Construction Group Llc
Bought by
Krouse Dennis Vincent and Krouse Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,272
Interest Rate
4.4%
Mortgage Type
VA
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
Wallace Kevin B $315,000 None Available
Wagner Dennis M $287,000 None Available
Krouse Dennis Vincent $248,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Kevin B $304,187
Previous Owner Wagner Dennis M $293,170
Previous Owner Krouse Dennis Vincent $255,272
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2020 06/25/20 Sold $315,000 0.0% $92 / Sq Ft
05/24/2020 05/24/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $315,000 +9.8% $92 / Sq Ft
06/13/2017 06/13/17 Sold $287,000 0.0% $84 / Sq Ft View Prior Sale
05/07/2017 05/07/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $287,000 -- $84 / Sq Ft
Source: Longleaf Pine REALTORS®

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 $2,945 $402,240 $0 $0
2024 $2,945 $402,240 $0 $0
2023 $2,945 $402,240 $0 $0
2022 $2,564 $402,240 $0 $0
2021 $2,564 $284,900 $0 $0
2020 $2,564 $284,900 $0 $0
2019 $2,549 $284,900 $0 $0
2018 $2,492 $284,900 $0 $0
2017 $2,492 $284,900 $0 $0
2016 $2,589 $296,370 $0 $0
2015 $2,589 $296,370 $0 $0
2014 $2,589 $296,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Longleaf Pine REALTORS®

MLS Number: 629745

Longleaf Pine REALTORS®

APN: 03958520 0047