NOT LISTED FOR SALE

5505 E Highway 218 Monroe, NC 28110

Estimated Value: $417,002 - $515,000

3 Beds
2 Baths
1,608 Sq Ft
$277/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $420,000 $261 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,494/month

67 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Patio
  • New Salem Elementary School Rated A-
  • Attached Garage
  • Sound System

About This Home

As of June 2022

Beautiful Brick Ranch on 2.25 acres in the Piedmont School District! No HOA! Gleaming hardwoods in the living room & primary suite. Lovely tile floors in the kitchen & dining room, currently used as an office. Cozy gas log fireplace, surround sound & security system are a few bonus features you're sure to love! Large patio perfect for entertaining. 3 storage buildings (2 with concrete floor & power). Roof installed in 2021.

Last Agent to Sell the Property

Jennifer Lingerfelt

Central Carolina Real Estate Group LLC License #261991 Listed on: 04/08/2022

Last Buyer's Agent

Douglas Christen

Nestlewood Realty, LLC License #301328

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,595

Year Built

  • Built in 1998

Lot Details

  • Property is zoned RA-40, RA 40

Parking

  • Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,608 Sq Ft Home
  • Sound System
  • Ceiling Fan
  • Propane Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • New Salem Elementary School
  • Piedmont Middle School
  • Piedmont High School

Utilities

  • Central Heating
  • Gas Water Heater
  • Septic Tank

Community Details

  • Built by R.Rushing
  • Waverly Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-198-030

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,595

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1998
  • Ratio Current Price By Acre: 186666.67
  • Restrictions: Subdivision
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Shared
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1608
  • 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
  • Porch: Back,Covered,Front,Patio
  • Appliances: Ceiling Fan(s), Dishwasher, Electric Range, Surround Sound
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room, Propane
  • Living Area: 1608
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Outbuilding(s), Storage
  • New Construction: No
  • Roof: Shingle
  • Tax Location: Union
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 500
  • Parking Features: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Septic Installed
  • Water Heater: Gas
  • Laundry Features: Closet
  • Water Source: Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Piedmont
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 2.25
  • Lot Size Units: Acres
  • Parcel Number: 01-198-030
  • Zoning Description: RA 40

Building Info

  • Builder Name: R.Rushing

Tax Info

  • RATIO List Price By Tax Amount: 1.76399

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: New Salem
  • High School: Piedmont

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Jun 15, 2022
Sold by
Tarlton Matthew D and Tarlton Sindy P
Bought by
Morales Jose M and Gallardo Jaimi Guadalupe
Seller's Agent
Jennifer Lingerfelt
Central Carolina Real Estate Group LLC
Buyer's Agent
Douglas Christen
Nestlewood Realty, LLC
List Price
$435,000
Sold Price
$420,000
Premium/Discount to List
-$15,000
-3.45%
Current Estimated Value
$445,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,251
Avg. Annual Appreciation
1.76%
Original Mortgage
$420,000
Outstanding Balance
$394,431
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$50,820

Purchase Details

Closed on
Feb 29, 2008
Sold by
Shankle Randy Lee and Shankle Patricia Ann
Bought by
Tarlton Matthew D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 1999
Sold by
Lindsey H Frank and Lindsey Loretta B
Bought by
Shankle Randy Lee and Shankle Patricia Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,600
Interest Rate
7.65%
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
Morales Jose M $420,000 Pierce & Howell Pllc
Tarlton Matthew D $189,000 None Available
Shankle Randy Lee $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Jose M $420,000
Previous Owner Tarlton Matthew D $99,000
Previous Owner Shankle Randy Lee $143,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold $420,000 -3.4% $261 / Sq Ft
04/08/2022 04/08/22 For Sale $435,000 -- $271 / 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 $1,595 $246,600 $59,000 $187,600
2023 $1,545 $246,600 $59,000 $187,600
2022 $1,545 $246,600 $59,000 $187,600
2021 $1,548 $246,600 $59,000 $187,600
2020 $1,450 $184,030 $36,530 $147,500
2019 $1,445 $184,030 $36,530 $147,500
2018 $1,445 $184,030 $36,530 $147,500
2017 $1,537 $184,000 $36,500 $147,500
2016 $1,499 $184,030 $36,530 $147,500
2015 $1,514 $184,030 $36,530 $147,500
2014 $1,288 $181,340 $35,790 $145,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3846429

Canopy MLS (Canopy Realtor® Association)

APN: 01-198-030