NOT LISTED FOR SALE

700 Tern Ln Madison, NC 27025

Estimated Value: $269,000 - $354,970

4 Beds
3 Baths
2,300 Sq Ft
$141/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $330,000 $143 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,047/month

5 Days on Market

Highlights

  • 3.8 Acre Lot
  • Wood Flooring
  • Solid Surface Countertops
  • Partially Wooded Lot
  • Attic
  • No HOA

About This Home

As of June 2023

Properties like this don't come along very often... amazing opportunity for a charming home on almost 4 acres in a quiet neighborhood. Enjoy the custom features in this welcoming home, including refinished parquet floors, extensive decorative molding and bead board, updated kitchen with Quartz countertops and subway tile backsplash, wood-burning fireplace in the family room, French doors open from the foyer to the Living Room. The meandering wooded property is perfect for gardeners and hobbyists with raised garden beds, composting area, wired workshop with storage areas and multiple fenced areas for pets and privacy. Updates include roof (2021), newer kitchen appliances, updated kitchen, new light fixtures and ceiling fans. This home exudes calm inside and out, with sleek lines and natural light and is ready for you to move-in today.

Last Agent to Sell the Property

Tim Atkins

Allen Tate Oak Ridge Commons License #281976 Listed on: 04/25/2023

Allen Tate Oak Ridge Commons

Last Buyer's Agent

Savannah Cline

Keller Williams Realty License #335529

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,430

Year Built

  • Built in 1966

Lot Details

  • 3.8 Acre Lot
  • Cul-De-Sac
  • Dog Run
  • Fenced
  • Partially Wooded Lot
  • Property is zoned R10MD

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,103 Sq Ft Home
  • 1,800-2,300 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Living Room with Fireplace
  • Dryer Hookup
  • Attic
  • Unfinished Basement

Kitchen

  • Free-Standing Range
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Western Rockingham Middle School
  • Mcmichael High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Beaver Dan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 117228
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,430

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 3.8
  • Subdivision Name: Beaver Dan
  • Directions: Academy Street to Benjamin, Left on Benjamin, Left on Tern, home at the end in cul-de-sac
  • Above Grade Finished Sq Ft: 2103
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1966
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1800 - 2300
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: Yes
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Slide-In Oven/Range, Gas Water Heater
  • Flooring: Carpet, Laminate, Tile, Wood
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Pantry, Solid Surface Counter
  • Has Basement: Unfinished, Basement, Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 2103
  • Main Level Bathrooms: 1
  • Attic Description: Access Only
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Exterior Features: Dog Run, Garden
  • Fencing: Fenced, Privacy
  • Lot Features: Cul-De-Sac, Partially Wooded
  • Pool Features: None
  • Construction Type: Brick
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, In Basement, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Electric, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Dillard Academy
  • High School: McMichael
  • Middle Or Junior School: Western Rockingham

Lot Info

  • Parcel #: 117228
  • Zoning: R10MD
  • TRIADMLS_PricePerAcre: 86842.1053
  • TRIADMLS_DeedPage: 0633
  • TRIADMLS_DeedBook: 1501
  • TRIADMLS_PlatBook: 8-68
  • TRIADMLS_AcresRange: 3 - 4

Tax Info

  • Tax Annual Amount: 2430
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 1.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
Jun 1, 2023
Sold by
Young Samuel and Young Jessica
Bought by
Schnable Kayla
Seller's Agent
Tim Atkins
Allen Tate Oak Ridge Commons
Buyer's Agent
Savannah Cline
Keller Williams Realty
List Price
$305,000
Sold Price
$330,000
Premium/Discount to List
$25,000
8.2%
Views
11
Current Estimated Value
$324,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,507
Avg. Annual Appreciation
-0.73%
Original Mortgage
$313,500
Outstanding Balance
$305,117
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$19,376

Purchase Details

Listed on
Jun 9, 2015
Closed on
Jan 6, 2016
Sold by
Milks Charles L and Milks Sally A
Bought by
Young Samuel and Young Jessica
Seller's Agent
Mike Bottoms
Keller Williams One
Buyer's Agent
Brian Rock Dulany
Dulany Rock Realty
List Price
$159,900
Sold Price
$154,000
Premium/Discount to List
-$5,900
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%
Original Mortgage
$138,600
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Schnable Kayla $330,000 None Listed On Document
Schnable Kayla $330,000 None Listed On Document
Young Samuel $154,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schnable Kayla $313,500
Closed Schnable Kayla $313,500
Previous Owner Young Samuel $175,000
Previous Owner Young Samuel $15,400
Previous Owner Young Samuel $138,600
Previous Owner Milks Charles L $59,473
Previous Owner Milks Charles L $25,000
Previous Owner Milks Sally A $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold $330,000 +8.2% $183 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $305,000 +98.1% $169 / Sq Ft
01/08/2016 01/08/16 Sold $154,000 -3.7% $73 / Sq Ft
11/23/2015 11/23/15 Pending -- -- --
06/09/2015 06/09/15 For Sale $159,900 -- $76 / 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 $3,992 $311,829 $37,078 $274,751
2024 $3,992 $311,829 $37,078 $274,751
2023 $3,992 $170,514 $33,707 $136,807
2022 $2,430 $170,514 $33,707 $136,807
2021 $2,430 $170,514 $33,707 $136,807
2020 $2,430 $170,514 $33,707 $136,807
2019 $2,430 $170,514 $33,707 $136,807
2018 $2,169 $152,074 $31,280 $120,794
2017 $2,169 $152,074 $31,280 $120,794
2015 $2,381 $152,074 $31,280 $120,794
2014 $2,324 $152,074 $31,280 $120,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1103559

Triad MLS

APN: 117228