$44,000
SOLD JUN 16, 2023

55 Sterling Dr Franklinton, NC 27525

0.92 Acre
$47,826 Price per Acre
40,075 Sq Ft Lot

Recently Sold

10% Below List Price

25 Days on Market

About This Lot

As of May 2025

Great cul-de-sac lot tucked away off Hwy 56 in Sterling Meadows community, .92 acres, 10 minutes to Wake Forest, no mobile homes, must build within 1 year of purchase per restrictive covenants, no less than 1400 sq ft., bring your own builder, plans must be approved by architectural review board, no HOA dues. Preliminary Soil report indicates suitable soils for conventional 4 bedroom septic

Last Agent to Sell the Property

Dana Ellington

Compass -- Raleigh License #255265 Listed on: 03/21/2023

Compass -- Raleigh

Last Buyer's Agent

Nathan Watson

Northern Point Realty License #332952

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $380

Lot Details

  • 0.92 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Brush Vegetation
  • Sloped Lot
  • Cleared Lot

Schools

  • Franklinton Elementary And Middle School
  • Franklinton High School

Utilities

  • Well Required
  • Perc Test On File For Septic Tank
  • Septic Needed
  • Phone Available

Community Details

  • Sterling Meadows Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$380

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Sterling Meadows
  • Sewer Septic Needed: Yes
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Vegetation Cleared2: Yes
  • Water Source Need Well: Yes
  • Vegetation Brush: Yes
  • Sewer Perc Test On File: Yes
  • General Property Information Lot Size Acres: 0.92
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.92
  • Lot Features:Cul-De-Sac: Yes
  • Lot Features:Sloped: Yes

Utilities

  • Utilities: Electricity Available, Phone Available
  • Water Source: Need Well

Schools

  • Ninth Grade High School: Franklin - Franklinton
  • Middle Or Junior School: Franklin - Franklinton

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 40075.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Franklin - Franklinton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2024
Closed on
May 12, 2025
Sold by
Ajr Framing Llc
Bought by
Rush Vanwinkle Jesse and Rush Alyona Van
Seller's Agent
Nathan Watson
Northern Point Realty
Buyer's Agent
Charles Franklin
West & Woodall Real Estate - D
List Price
$415,000
Sold Price
$385,000
Premium/Discount to List
-$30,000
-7.23%
Views
107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.95%
Original Mortgage
$385,000
Outstanding Balance
$385,000
Interest Rate
6.64%
Mortgage Type
VA
Estimated Equity
$30,000

Purchase Details

Listed on
Mar 21, 2023
Closed on
May 26, 2023
Sold by
Open Air Land Group Llc
Bought by
Ajr Framing Llc
Seller's Agent
Dana Ellington
Compass -- Raleigh
Buyer's Agent
Nathan Watson
Northern Point Realty
List Price
$49,000
Sold Price
$44,000
Premium/Discount to List
-$5,000
-10.2%
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
207.67%

Purchase Details

Closed on
Mar 14, 2023
Sold by
Tcc Vaderbuilt Llc
Bought by
Open Air Land Group Llc

Purchase Details

Closed on
Nov 10, 2004
Bought by
Tcc Vanderbuilt Llc
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $385,000 None Listed On Document
Warranty Deed $385,000 None Listed On Document
Warranty Deed $44,000 None Listed On Document
Warranty Deed $23,500 --
Deed $40,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $385,000 VA
Closed $385,000 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Sold $385,000 -4.9% $218 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
03/28/2025 03/28/25 Price Changed $405,000 -1.2% $229 / Sq Ft
03/07/2025 03/07/25 Price Changed $410,000 -1.0% $232 / Sq Ft
01/22/2025 01/22/25 Price Changed $414,000 -0.2% $234 / Sq Ft
12/03/2024 12/03/24 For Sale $415,000 +843.2% $235 / Sq Ft
12/15/2023 12/15/23 Off Market $44,000 -- --
06/16/2023 06/16/23 Sold $44,000 -10.2% --
04/15/2023 04/15/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $49,000 -- --
Source: Doorify 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 $380 $67,200 $67,200 $0
2023 $216 $25,000 $25,000 $0
2022 $214 $25,000 $25,000 $0
2021 $216 $25,000 $25,000 $0
2020 $215 $25,000 $25,000 $0
2019 $216 $25,000 $25,000 $0
2018 $216 $25,000 $25,000 $0
2017 $240 $25,000 $25,000 $0
2016 $247 $25,000 $25,000 $0
2015 $245 $25,000 $25,000 $0
2014 $232 $25,000 $25,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2500840

Doorify MLS

APN: 031668