NOT LISTED FOR SALE

5840 Southern Ln Unit 25 Salisbury, NC 28147

Estimated Value: $243,000 - $276,000

3 Beds
2 Baths
1,218 Sq Ft
$212/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $146,000 $120 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,492/month

24 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Laundry Room
  • Wood Flooring
  • Covered patio or porch
  • Shed

About This Home

As of August 2018

This beautiful Brick Ranch is a must see! The well manicured front yard and fenced in back yard make you want to sit in a swing and enjoy the peaceful neighborhood. There are 2 storage sheds in backyard and patio area at backdoor. The inside of this home is very light and bright and very well maintained. Move in Ready!!

Last Agent to Sell the Property

Cathy Hager

Lantern Realty & Development, LLC Brokerage Email: cathyhager@kw.com License #294095 Listed on: 07/13/2018

Lantern Realty & Development, LLC

Co-Listed By

Debra Clontz

Debbie Clontz Real Estate LLC Brokerage Email: cathyhager@kw.com License #287432

Last Buyer's Agent

Robin Price

DM Properties & Associates License #262166

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,168

Year Built

  • Built in 1974

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 100x200x105x220
  • Fenced
  • Level Lot
  • Property is zoned RR, R-O

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • Ceiling Fan
  • Insulated Windows
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered patio or porch
  • Shed

Schools

  • Knollwood Elementary School
  • Jesse Carson High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Southern Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 482B078

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,168

Year Built

Built in 1974

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1974
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 119.87
  • Attribution Contact: cathyhager@kw.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Tile, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1218
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 336
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 336
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Oven, Electric Range, Electric Water Heater
  • Above Grade Finished Sq Ft: 1218
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Living Area: 1218
  • Window Features: Insulated Window(s)
  • Room Count: 6

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Fenced
  • Waterfront Features: None
  • Construction Type: Brick Full
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Garage

Utilities

  • Sewer: Septic Installed
  • Laundry Features: In Kitchen
  • Cooling: Ceiling Fan(s), Heat Pump
  • Water Source: None, Well

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.51
  • Lot Size Units: Acres
  • Parcel Number: 482B078
  • Zoning: R-O
  • Lot Size Acres: 0.51
  • Lot Size: 100x200x105x220
  • Lot Size Sq Ft: 22215
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RR

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: Knollwood
  • High School: Jesse Carson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2018
Closed on
Aug 31, 2018
Sold by
Burkhammer Dallas L and Burkhammer Retha R
Bought by
Lear Adam P
Seller's Agent
Cathy Hager
Lantern Realty & Development, LLC
Buyer's Agent
Robin Price
DM Properties & Associates
List Price
$155,900
Sold Price
$146,000
Premium/Discount to List
-$9,900
-6.35%
Current Estimated Value
$254,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,846
Avg. Annual Appreciation
8.23%
Original Mortgage
$140,364
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2009
Sold by
Williams James D and Williams Linda W
Bought by
Burkhammer Dallas L and Burkhammer Retha F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,300
Interest Rate
4.92%
Mortgage Type
New Conventional
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
Lear Adam P $146,000 None Available
Burkhammer Dallas L $115,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lear Adam P $141,900
Closed Lear Adam P $140,364
Previous Owner Burkhammer Dallas L $117,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $146,000 -6.4% $120 / Sq Ft
08/06/2018 08/06/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $155,900 -- $128 / 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 $1,168 $172,413 $28,500 $143,913
2024 $1,168 $172,413 $28,500 $143,913
2023 $1,085 $160,153 $28,500 $131,653
2022 $905 $119,873 $22,500 $97,373
2021 $896 $119,873 $22,500 $97,373
2020 $896 $119,873 $22,500 $97,373
2019 $896 $119,873 $22,500 $97,373
2018 $762 $102,855 $22,500 $80,355
2017 $762 $102,855 $22,500 $80,355
2016 $762 $102,855 $22,500 $80,355
2015 $771 $102,855 $22,500 $80,355
2014 $724 $101,240 $22,500 $78,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3413027

Canopy MLS (Canopy Realtor® Association)

APN: 482-B078