NOT LISTED FOR SALE

554 Iron Horse Ln Midland, NC 28107

Estimated Value: $618,376 - $650,000

5 Beds
4 Baths
3,349 Sq Ft
$188/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $415,000 $124 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,698/month

55 Days on Market

Highlights

  • Community Lake
  • Traditional Architecture
  • Community Pool
  • Hickory Ridge Middle Rated A
  • Wood Flooring
  • Attached Garage

About This Home

As of December 2020

Luxurious living awaits in this stunning craftsman style two-story 5 bedroom home conveniently located in Cedarvale Farm. Enjoy summer evenings on the charming front porch and fall evenings by firepit. Well-appointed kitchen has tile backsplash, natural gas cooktop, upgraded cabinetry, granite countertops, and stainless-steel appliances. Main level features hardwood floors, relaxing family room with upgraded gas log fireplace and mantel, formal dining room, an inviting den/study, and breakfast nook overlooking wooded back yard. Walk-in pantry, mudroom, and laundry room. Second level features include master suite with trey ceiling, large master bath with dual vanities, glass shower, soaking tub and large walk-in closet, three additional bedrooms, and a large 5th bedroom/bonus room. Short drive to anywhere in Charlotte and excellent Harrisburg/Cabarrus County Schools. 1 year home warranty included. Home won't last long so schedule a showing soon!

Last Agent to Sell the Property

Susan Ayers

HomeZu License #216309 Listed on: 09/08/2020

Last Buyer's Agent

Susan Lineberger

Allen Tate Charlotte South License #250175

Allen Tate Charlotte South

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2013

Lot Details

  • 0.28

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Stone Siding

Interior Spaces

  • Tray Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Pull Down Stairs to Attic
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5525-64-9500-0000

Community Details

Overview

  • Community Lake

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2013

Lot Details

0

HOA Fees

$54 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.98927
  • Ratio Close Price By Original Li: 0.98810
  • Ratio Current Price By Acre: 1482142.86
  • Ratio Current Price By Sq Ft: 123.92
  • Year Built: 2013
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1942
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Doors and Windows: Insulated Windows
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Gas Range, Self Cleaning Oven, Wall Oven
  • Fireplace Description: FAMILYRM, Gas Logs
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Cable Available, Kitchen Island, Split BR Plan, Tray Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1407
  • Total Sq Ft: 3349

Exterior Features

  • Construction: Fiber Cement, Stone
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 3 Car

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake, Outdoor Pool, Playground, Sidewalk, Street Lights
  • Association Fee: 650.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Size Area: 0.280
  • Parcel Number: 5525-64-9500-0000
  • Zoning Specification: CR

Tax Info

  • Tax Value: 307390.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Dec 2, 2020
Sold by
Laws Sean G
Bought by
Laws Sean G and Laws Lauren
Seller's Agent
Susan Ayers
HomeZu
Buyer's Agent
Susan Lineberger
Allen Tate Charlotte South
List Price
$420,000
Sold Price
$415,000
Premium/Discount to List
-$5,000
-1.19%
Current Estimated Value
$628,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,094
Avg. Annual Appreciation
8.89%
Original Mortgage
$373,500
Outstanding Balance
$336,880
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$283,553

Purchase Details

Listed on
Sep 8, 2020
Closed on
Dec 1, 2020
Sold by
Pierce Norman and Pierce Tracy
Bought by
Laws Scan G
Seller's Agent
Susan Ayers
HomeZu
Buyer's Agent
Susan Lineberger
Allen Tate Charlotte South
List Price
$420,000
Sold Price
$415,000
Premium/Discount to List
-$5,000
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,500
Outstanding Balance
$336,880
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$283,553

Purchase Details

Closed on
Dec 27, 2013
Sold by
Bonterra Builders Llc
Bought by
Pierce Norman Frank and Pierce Tracy Hackler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,065
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 17, 2013
Sold by
Valley Development Inc
Bought by
Bonterra Builders Llc

Purchase Details

Closed on
Jul 30, 2013
Sold by
Valley Development Inc
Bought by
Bonterra Builders Llc

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:

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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
Laws Sean G -- None Available
Laws Scan G $415,000 None Available
Pierce Norman Frank $315,500 None Available
Bonterra Builders Llc -- None Available
Bonterra Builders Llc $240,000 None Available
Valley Development Inc $15,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laws Sean G $55,000
Open Laws Scan G $373,500
Previous Owner Pierce Norman Frank $309,065
Previous Owner Valley Development Inc $8,566,269
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $415,000 -1.1% $124 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
10/28/2020 10/28/20 Price Changed $419,500 -0.1% $125 / Sq Ft
10/15/2020 10/15/20 For Sale $420,000 0.0% $125 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $420,000 -- $125 / 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 $3,733 $552,210 $95,000 $457,210
2023 $3,100 $369,010 $65,000 $304,010
2022 $3,100 $369,010 $65,000 $304,010
2021 $2,989 $369,010 $65,000 $304,010
2020 $2,800 $345,700 $65,000 $280,700
2019 $2,490 $307,390 $50,000 $257,390
2018 $2,398 $307,390 $50,000 $257,390
2017 $2,336 $307,390 $50,000 $257,390
2016 $2,305 $293,570 $40,000 $253,570
2015 $337 $293,570 $40,000 $253,570
2014 $337 $293,570 $40,000 $253,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3660114

Canopy MLS (Canopy Realtor® Association)

APN: 5525-64-9500-0000