NOT LISTED FOR SALE

550 Iron Horse Ln Midland, NC 28107

Estimated Value: $625,000 - $672,000

5 Beds
4.5 Baths
3,780 Sq Ft
$172/Sq Ft Est. Value

Last Sold March 16, 2021

Last sale price $456,000 $121 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,827/month

2 Days on Market

Highlights

  • Open Floorplan
  • Pond
  • Community Pool
  • Hickory Ridge Middle Rated A
  • Wood Flooring
  • Recreation Facilities

About This Home

As of March 2021

** Multiple offers received. Submit best offer by 12:00 Noon on Monday, Jan. 25, 2021 ** You will appreciate the well-balanced & expansive floor plan complete w/formal dining room, home office, great room, and TWO master bedrooms~one on the main level. The great room features a stunning coffered ceiling & gas log fireplace. The chef of the home will enjoy preparing meals in the kitchen which opens to the breakfast area & great room. Large windows effectively bring the outdoors in. Main level 2nd Master Suite w/walk-in closet & private bathroom w/step-in shower. The upstairs Master BR Suite is huge w/vaulted ceiling & spa-like master bath. Bonus Rm has a 153" projector movie screen, surround sound & Epson HD Projector- all conveys! The backyard has more privacy than most w/natural areas behind & on one side - ample opportunity to create your own tranquil retreat. 5 bedrooms, 4 1/2 baths, in-ground irrigation, sec system, updated SS appliances, new carpet, paint & more.

Last Agent to Sell the Property

Cindy Hope

Allen Tate SouthPark License #135719 Listed on: 01/23/2021

Allen Tate SouthPark

Last Buyer's Agent

Colleen Martens

EXP Realty LLC Ballantyne License #312983

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2012

Lot Details

  • 0.26

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Gas Log Fireplace
  • Pull Down Stairs to Attic
  • Kitchen Island

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Additional Features

  • Pond
  • Irrigation

Listing and Financial Details

  • Assessor Parcel Number 5525-64-9580-0000

Community Details

Overview

  • Kuester Mgmt Association, Phone Number (704) 973-9019

Recreation

  • Recreation Facilities
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2012

Lot Details

0

HOA Fees

$54 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 0.99130
  • Ratio Close Price By Original Li: 0.99130
  • Ratio Current Price By Acre: 1753846.15
  • Ratio Current Price By Sq Ft: 120.63
  • Year Built: 2012
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1991
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 5
  • Equipment: Ceiling Fan(s), CO Detector, Convection Oven, Dishwasher, Disposal, Electric Dryer Hookup, Gas Range, Ice Maker Connection, Microwave, Security System, Surround Sound
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Laminate Tile, Wood
  • H O A Management Phone: 704-973-9019
  • Interior Amenities: Attic Stairs Pulldown, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling, Vaulted Ceiling, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1789
  • Total Sq Ft: 3780

Exterior Features

  • Construction: Hardboard Siding
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Playground, Pond, Recreation Area, Sidewalk, Street Lights
  • Association Fee: 650.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Kuester Mgmt
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Bethel Cabarrus
  • Middle School: Hickory Ridge
  • High School: Hickory Ridge

Lot Info

  • Lot Dimension: 80x140x80x140
  • Lot Size Area: 0.260
  • Parcel Number: 5525-64-9580-0000
  • Zoning Specification: CR

Tax Info

  • Tax Value: 366490.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2021
Closed on
Mar 16, 2021
Sold by
Lee Ka and Lee Cher
Bought by
Garcia Leonel and Garcia Heather Lynne
Seller's Agent
Cindy Hope
Allen Tate SouthPark
Buyer's Agent
Colleen Martens
EXP Realty LLC Ballantyne
List Price
$460,000
Sold Price
$456,000
Premium/Discount to List
-$4,000
-0.87%
Current Estimated Value
$649,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,521
Avg. Annual Appreciation
8.12%
Original Mortgage
$285,000
Outstanding Balance
$256,641
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$388,393

Purchase Details

Closed on
May 6, 2013
Sold by
Bonterra Builders Llc
Bought by
Lee Ka and Lee Cher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,122
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2008
Sold by
Valley Pioneer Mill Llc
Bought by
Valley Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,566,269
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Garcia Leonel $456,000 None Available
Lee Ka $304,000 None Available
Valley Development Inc $15,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Leonel $285,000
Previous Owner Lee Ka $306,122
Previous Owner Valley Development Inc $8,566,269
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2021 03/16/21 Sold $456,000 -0.9% $121 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
01/23/2021 01/23/21 For Sale $460,000 -- $122 / 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
2024 $3,911 $578,550 $95,000 $483,550
2023 $3,079 $366,490 $65,000 $301,490
2022 $3,079 $366,490 $65,000 $301,490
2021 $2,969 $366,490 $65,000 $301,490
2020 $2,969 $366,490 $65,000 $301,490
2019 $2,616 $322,960 $50,000 $272,960
2018 $2,519 $322,960 $50,000 $272,960
2017 $2,455 $322,960 $50,000 $272,960
2016 $2,422 $311,670 $40,000 $271,670
2015 $2,285 $311,670 $40,000 $271,670
2014 $2,285 $311,670 $40,000 $271,670
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3701228

Canopy MLS (Canopy Realtor® Association)

APN: 5525-64-9580-0000