NOT LISTED FOR SALE

553 Loray Farm Rd Dallas, NC 28034

Estimated Value: $428,000 - $688,615

3 Beds
1 Bath
1,226 Sq Ft
$418/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $418,000 $341 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,078/month

113 Days on Market

Highlights

  • Barn
  • Pond
  • Ranch Style House
  • Deck
  • Wooded Lot
  • Wood Flooring

About This Home

As of September 2022

Beautiful acreage with a large pond, barn and house don't come on the market often. This parcel includes 13+ acres in the country with no HOA or city taxes and is ready for you whether you want to farm, have livestock, build a family compound, or just enjoy your privacy. The house on the property has 3BR/1BA w/1225 sqft. Home has crown molding, security system, and all appliances convey. This one owner home has had some updates (list attached) while maintaining the home's charm, but it’s waiting on you to bring it to its full potential. Roof covering replaced approx. 7 years ago and fresh interior paint in 2022. Sellers inherited property and are working on clearing old farm equipment/debris off property as well as having the small building in front of barn torn down. This will be done prior to closing. House & barn are being sold AS IS -NO repairs will be made. Only a few miles to US 321 (Hardin Rd exit). Bring your fishing rods and enjoy the serenity of your large pond and 13+ acres!

Last Agent to Sell the Property

Kimberly Wyont

Premier South License #310378 Listed on: 03/26/2022

Premier South

Last Buyer's Agent

Doug Sawyer

EXP Realty LLC License #245283

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,508

Year Built

  • Built in 1956

Lot Details

  • Wooded Lot

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • Crawl Space
  • Home Security System

Kitchen

  • Oven
  • Electric Range
  • Plumbed For Ice Maker

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Grab Bar In Bathroom
  • More Than Two Accessible Exits

Outdoor Features

  • Pond
  • Deck
  • Front Porch

Schools

  • Costner Elementary School
  • W.C. Friday Middle School
  • North Gaston High School

Farming

  • Barn
  • Pasture

Utilities

  • Window Unit Heating System
  • Baseboard Heating
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 166983

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,508

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1956
  • Ratio Current Price By Acre: 30600.29
  • Restrictions: No Restrictions
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 340.95
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Linoleum, Vinyl, Wood
  • Interior Amenities: Built Ins, Split Bedroom
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1226
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 95
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 95
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Deck,Front,Side
  • Appliances: Ceiling Fan(s), Dryer, Electric Range, Plumbed For Ice Maker, Oven, Refrigerator, Security System, Washer
  • Accessibility Features: Two or More Access Exits, Bath Grab Bars
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Living Area: 1226
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Barn(s)
  • New Construction: No
  • Roof: Shingle
  • Tax Location: Dallas
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: Baseboard, Window Unit(s)
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level, Porch
  • Water Source: Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: W.C. Friday
  • HOA Subject To: None

Lot Info

  • Lot Features: Pasture, Pond(s), Wooded, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 166983
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 2.65111

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Costner
  • High School: North Gaston

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2022
Closed on
Sep 9, 2022
Sold by
Wyont Wanda Grigg and Wyont Garry W
Bought by
Shumate Steve Lee and Shumate Jessica M
Seller's Agent
Kimberly Wyont
Premier South
Buyer's Agent
Doug Sawyer
EXP Realty LLC
List Price
$475,000
Sold Price
$418,000
Premium/Discount to List
-$57,000
-12%
Current Estimated Value
$512,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,654
Avg. Annual Appreciation
6.72%
Original Mortgage
$310,000
Outstanding Balance
$263,778
Interest Rate
4.59%
Mortgage Type
New Conventional
Estimated Equity
$248,876

Purchase Details

Closed on
Mar 10, 1998
Sold by
Grigg Ban Clinton and Grigg Mary
Bought by
Beaver Dennis H and Beaver Lynn G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.01%

Purchase Details

Closed on
Nov 22, 1955
Bought by
Grigg Dorothy B
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
Shumate Steve Lee $418,000 --
Beaver Dennis H $80,000 --
Grigg Dorothy B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shumate Steve Lee $310,000
Previous Owner Beaver Dennis H $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2022 09/09/22 Sold $418,000 -1.6% $341 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
05/25/2022 05/25/22 Price Changed $425,000 -4.5% $347 / Sq Ft
05/04/2022 05/04/22 Price Changed $445,000 -6.3% $363 / Sq Ft
03/26/2022 03/26/22 For Sale $475,000 -- $387 / 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 $4,508 $631,360 $111,800 $519,560
2024 $4,508 $631,360 $111,800 $519,560
2023 $2,004 $414,570 $111,800 $302,770
2022 $946 $160,310 $81,350 $78,960
2021 $968 $160,310 $81,350 $78,960
2019 $958 $160,310 $81,350 $78,960
2018 $857 $88,789 $23,930 $64,859
2017 $825 $88,789 $23,930 $64,859
2016 $825 $87,510 $0 $0
2014 $855 $89,742 $28,330 $61,412
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3840205

Canopy MLS (Canopy Realtor® Association)

APN: 166983