NOT LISTED FOR SALE

5700 Log Cabin Rd Ramseur, NC 27316

Estimated Value: $255,000 - $974,647

140.7 Acres
$4,228 Price per Acre
6,128,892 Sq Ft Lot

Last Sold April 10, 2015

Last sale price $300,000 $161 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,225/month

247 Days on Market

Highlights

  • 140.7 Acre Lot
  • No HOA
  • Lot Has A Rolling Slope

About This Lot

As of April 2015

You can get lost in the middle of this 140 acres of rural land, lots of Brush Creek frontage, and frontage on Hwy 42/22, small house on property , some open land, mostly wooded, 98 + acres reset in pines approx. 5 years ago. Great for hunting and fishing! Lots of privacy and seclusion can be found here !!

Last Agent to Sell the Property

Debbie Dennis

The Real Estate Shoppe Listed on: 05/23/2014

Last Buyer's Agent

NONMEMBER NONMEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,361

Lot Details

  • 140.7 Acre Lot
  • Rural Setting
  • Lot Has A Rolling Slope
  • Property is zoned RES/AGR

Additional Homes

  • Residence on Property

Schools

  • Southeastern Randolph Middle School
  • Eastern Randolph High School

Utilities

  • Well
  • Phone Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 2650 / 54
  • Assessor Parcel Number 8627542650
  • 1% Total Tax Rate

Property Details

Property Type

Land

Est. Annual Taxes

$2,361

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 140.7
  • Lot Size: appro x . 1430' on Hwy 42/22 with appro x 5000 'on Brush Creek
  • Road Frontage Type: 2-Lane
  • Road Surface Type: Paved
  • Directions: Hwy 42 east to Coleridge, turn right on Hwy 42/22 and travel about 3 miles, property corners on 2nd Log Cabin Rd and Hyw 42/22. drive to house at 5700 Log Cabin Rd.
  • TRIADMLS_CityLimitsYN: No
  • TRIADMLS_PhoneYN: Yes
  • Special Features: None

Interior Features

  • Possible Use: Farm, Hunting, Investment

Exterior Features

  • Lot Features: Rural, Rolling Slope
  • Other Structures: Residence
  • Flood Zone: Partial

Utilities

  • Sewer: Septic Tank
  • Electric: Progress Energy
  • Water Source: Well
  • TRIADMLS_CableYN: No
  • Gas Company: Type: Propane

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Coleridge
  • High School: Eastern Randolph
  • Middle Or Junior School: Southeastern Randolph

Lot Info

  • Wooded Area: 5662800
  • Parcel #: 8627542650
  • Zoning: RES/AGR
  • TRIADMLS_PricePerAcre: 2132.1962
  • TRIADMLS_ClearedAcres: 10
  • TRIADMLS_DeedPage: 1093
  • TRIADMLS_DeedBook: 1374
  • TRIADMLS_AcresRange: 126 - 247

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Tax Info

  • Tax Annual Amount: 2361
  • Tax Block: 54
  • Tax Lot: 2650
  • Tax Map Number: 8627
  • Tax Year: 2013
  • TRIADMLS_TaxRate: 0.61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2014
Closed on
Mar 31, 2015
Sold by
Ritter Dodson Dale and Ritter William H
Bought by
Ritter Thomas Lynn and Thomas Dwight Eldwin
Seller's Agent
Debbie Dennis
The Real Estate Shoppe
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$415,000
Sold Price
$300,000
Premium/Discount to List
-$115,000
-27.71%
Current Estimated Value
$594,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,882
Avg. Annual Appreciation
6.72%
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 Buyer Sale Price Title Company
Ritter Thomas Lynn $300,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2015 04/10/15 Sold $300,000 -27.7% $161 / Sq Ft
01/26/2015 01/26/15 Pending -- -- --
05/23/2014 05/23/14 For Sale $415,000 -- $223 / Sq Ft
Source: Triad 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 $966 $160,230 $68,560 $91,670
2023 $966 $160,230 $68,560 $91,670
2022 $837 $113,510 $50,830 $62,680
2021 $837 $113,510 $50,830 $62,680
2020 $807 $113,510 $50,830 $62,680
2019 $807 $113,510 $50,830 $62,680
2018 $705 $96,500 $48,660 $47,840
2016 $705 $415,170 $367,330 $47,840
2015 $625 $404,341 $368,900 $35,441
2014 -- $396,821 $361,380 $35,441
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 707842

Triad MLS

APN: 8627-54-2650