S
Seller's Agent in 2024
SCG Real Estate Solutions
Coldwell Banker Advantage-Southern Pines
70 Sugar Gum Ln Unit 5 Pinehurst, NC 28374
Estimated Value: $323,000 - $415,000
2
Beds
2
Baths
777
Sq Ft
$285/mo
HOA Fee
Highlights
- Waterfront Community
- Lake View
- Vaulted Ceiling
- Pinehurst Elementary School Rated A-
- Deck
- Bamboo Flooring
About This Home
As of July 2024Whenever someone mentions the little treehouses by the lake in Pinehurst, they're usually met with a smile and remark of, ''Oh, those are so cute.'' The treehouses are quickly becoming part of Pinehurst's history, as you will see them dotted on the north side of the lake and sprinkled along Pinehurst's world-renowned golf course. Unit 5 in the Brae Burn community is sandwiched between both and has an excellent view of the lake and of the 16th hole of Pinehurst No. 3. The semi-wrap around deck is perfect for taking in both views, but it can also easily be done from the comfort inside with panoramic floor-to-ceiling windows. At just under 800 sq ft, it has an eat-in kitchen, living room, two bedrooms, and two full bathrooms. Don't let the size fool you, though. The vaulted, exposed-beam ceiling make the rooms feel much more expansive and open. In the ''trunk'' of the treehouse you'll find the laundry and storage. The homeowner's association takes care of the exterior of the unit and all the beautiful landscaping, for true maintenance free living. The Village is just a short golf cart ride away and downtown Southern Pines is just a quick jot down the road. Don't miss your opportunity to own a unique piece of Pinehurst history.
Last Agent to Sell the Property
SCG Real Estate Solutions
Coldwell Banker Advantage-Southern Pines License #284730 Listed on: 02/17/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,222
Year Built
- Built in 1977
Lot Details
- 1.15
HOA Fees
- $285 Monthly HOA Fees
Property Views
- Lake
- Golf Course
Home Design
- Raised Foundation
- Steel Frame
- Architectural Shingle Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 777 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Combination Dining and Living Room
- Bamboo Flooring
- Termite Clearance
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Driveway
- Paved Parking
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Additional Features
- Deck
- Property fronts a private road
Listing and Financial Details
- Assessor Parcel Number 00015290115
Community Details
Overview
- Master Insurance
- Brae Burn HOA, Phone Number (910) 585-6455
- Brae Burn Subdivision
- Maintained Community
Recreation
- Waterfront Community
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2024
Closed on
Jul 25, 2024
Sold by
Morse Sharon Tucker
Bought by
Rjm Holdings South Llc
Seller's Agent
SCG Real Estate Solutions
Coldwell Banker Advantage-Southern Pines
Buyer's Agent
Gloria Sectish
Sandhills Luxury Homes LLC
List Price
$429,900
Sold Price
$390,000
Premium/Discount to List
-$39,900
-9.28%
Views
259
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,466
Avg. Annual Appreciation
-2.34%
Purchase Details
Closed on
May 24, 2021
Sold by
Shipman Alan J
Bought by
Morse Sharon Tucker
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
3.1%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 29, 2006
Sold by
Connelly John V and Connelly Mary Patrice
Bought by
Shipman Alan J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rjm Holdings South Llc | $390,000 | None Listed On Document | |
| Morse Sharon Tucker | $180,000 | None Available | |
| Shipman Alan J | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Morse Sharon Tucker | $153,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $390,000 | -2.3% | $502 / Sq Ft |
| 06/25/2024 06/25/24 | Pending | -- | -- | -- |
| 06/06/2024 06/06/24 | Price Changed | $399,000 | -6.1% | $514 / Sq Ft |
| 05/14/2024 05/14/24 | Price Changed | $424,900 | -1.2% | $547 / Sq Ft |
| 03/22/2024 03/22/24 | For Sale | $429,900 | -- | $553 / Sq Ft |
| 02/21/2024 02/21/24 | Pending | -- | -- | -- |
Source: Hive MLS
Tax History Compared to Growth
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 | $1,171 | $204,520 | $65,000 | $139,520 |
| 2023 | $1,222 | $204,520 | $65,000 | $139,520 |
| 2022 | $1,101 | $131,860 | $65,000 | $66,860 |
| 2021 | $1,141 | $131,860 | $65,000 | $66,860 |
| 2020 | $1,129 | $131,860 | $65,000 | $66,860 |
| 2019 | $1,129 | $131,860 | $65,000 | $66,860 |
| 2018 | $1,022 | $127,720 | $65,000 | $62,720 |
| 2017 | $1,009 | $127,720 | $65,000 | $62,720 |
| 2015 | $990 | $127,720 | $65,000 | $62,720 |
| 2014 | -- | $100,670 | $24,000 | $76,670 |
| 2013 | -- | $100,670 | $24,000 | $76,670 |
Source: Public Records
Agents Affiliated with this Home
-
-
Greg Riley
G
Seller Co-Listing Agent in 2024
Greg Riley
Coldwell Banker Advantage-Southern Pines
(618) 365-4146
4 in this area
44 Total Sales
-
Gloria Sectish
G
Buyer's Agent in 2024
Gloria Sectish
Sandhills Luxury Homes LLC
29 in this area
33 Total Sales
Map
Source: Hive MLS
MLS Number: 100428112
APN: 855219507256450
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC
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