NOT LISTED FOR SALE

700 Lake Dr Archdale, NC 27263

Estimated Value: $153,000 - $202,000

3 Beds
1 Bath
1,200 Sq Ft
$155/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $170,000 $142 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,051/month

18 Days on Market

Highlights

  • 1.75 Acre Lot
  • No HOA
  • Garden
  • Attic
  • Porch
  • Ceiling Fan

About This Home

As of June 2023

Make your appointment today! This beautifully remodeled ranch home located in Archdale offers 3 bedrooms and 1 full bath. This is the perfect home for a first time home buyer or an investor. The property has been completely remodeled, to list the highlights: freshly painted throughout, new vinyl plank flooring, remodeled bathroom, newly remodeled kitchen with stainless steel appliances, new cabinetry, lighting and ceiling fans. On the exterior you will love the back deck to entertain during the upcoming summer months. There's also a new porch, beautiful landscaping, french drains and to top it off the property has a brand new driveway!
Schedule your appointment today!

Last Agent to Sell the Property

Joseph Basile

Coast 2 Coast Triad Home Team License #274365 Listed on: 05/03/2023

Co-Listed By

Dana McCormick-Nommsen

Coast 2 Coast Triad Home Team License #272982

Last Buyer's Agent

Johnna Wood

Elevation Realty License #299255

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $654

Year Built

  • Built in 1960

Lot Details

  • 1.75 Acre Lot
  • Garden
  • Property is zoned r-10

Parking

  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,100 Sq Ft Home
  • 900-1,200 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Vinyl Flooring
  • Crawl Space
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Porch
  • In Flood Plain

Community Details

  • No Home Owners Association
  • Lake Terrace Park Subdivision

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 7708680760
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$654

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 1.75
  • Lot Size: 128*228*104*235
  • Co List Office Mls Id: WC2CTHT01
  • Co List Office Phone: 336-793-7978
  • Subdivision Name: Lake Terrace Park
  • Directions: Eastchester to 74 East/ Hwy 70 South. Take the Surratt Exit. Left on Archdale Rd. Left on Lake Dr. Home on left
  • Above Grade Finished Sq Ft: 1100
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1960
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 900 - 1200
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1100
  • Main Level Bathrooms: 1
  • Attic Description: Access Only
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Exterior Features: Garden
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Flood Plain

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer, Septic Tank
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 7708680760
  • Zoning: r-10
  • TRIADMLS_PlatPage: 96
  • TRIADMLS_PlatBook: 8
  • TRIADMLS_AcresRange: 2 - 2

Tax Info

  • Tax Annual Amount: 654.42
  • Tax Lot: 21
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 1.1849

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Jun 13, 2023
Sold by
Khan Naseem and Khan Mehwish
Bought by
Thibault Anita and Thibault Monica
Seller's Agent
Joseph Basile
Coast 2 Coast Triad Home Team
Buyer's Agent
Johnna Wood
Elevation Realty
List Price
$164,900
Sold Price
$170,000
Premium/Discount to List
$5,100
3.09%
Views
530
Current Estimated Value
$185,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,429
Avg. Annual Appreciation
3.45%
Original Mortgage
$155,677
Outstanding Balance
$150,134
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$35,295

Purchase Details

Listed on
Oct 12, 2022
Closed on
Jan 23, 2023
Sold by
Mcmahan Mark Wayne
Bought by
Khan Naseem
Seller's Agent
Lee Kemp
Howard Hanna Allen Tate High Point
Buyer's Agent
Joseph Basile
Coast 2 Coast Triad Home Team
List Price
$84,500
Sold Price
$65,000
Premium/Discount to List
-$19,500
-23.08%
Views
827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1076.53%

Purchase Details

Closed on
Oct 8, 2004
Sold by
Cook Larry Robert
Bought by
Mcmahan Raymond Dexter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
5.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 15, 2002
Bought by
Mcmahan Raymond Dexter
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thibault Anita $170,000 None Listed On Document
Khan Naseem $65,000 None Listed On Document
Khan Naseem $65,000 None Listed On Document
Mcmahan Raymond Dexter $71,000 --
Mcmahan Raymond Dexter $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thibault Anita $155,677
Previous Owner Mcmahan Raymond Dexter $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2023 06/15/23 Sold $170,000 +3.1% $189 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $164,900 +153.7% $183 / Sq Ft
01/25/2023 01/25/23 Sold $65,000 -23.1% $72 / Sq Ft View Prior Sale
01/06/2023 01/06/23 Pending -- -- --
11/29/2022 11/29/22 For Sale $84,500 0.0% $94 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
11/18/2022 11/18/22 Price Changed $84,500 -5.6% $94 / Sq Ft
10/25/2022 10/25/22 Price Changed $89,500 -10.5% $99 / Sq Ft
10/12/2022 10/12/22 For Sale $100,000 -- $111 / 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
2025 $989 $95,040 $41,410 $53,630
2024 $979 $95,040 $41,410 $53,630
2023 $979 $95,040 $41,410 $53,630
2022 $654 $55,230 $18,240 $36,990
2021 $654 $55,230 $18,240 $36,990
2020 $640 $55,230 $18,240 $36,990
2019 $640 $55,230 $18,240 $36,990
2018 $588 $48,950 $15,320 $33,630
2016 $570 $48,948 $15,320 $33,628
2015 $571 $48,948 $15,320 $33,628
2014 -- $48,948 $15,320 $33,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1104422

Triad MLS

APN: 7708-68-0760