$215,000
SOLD JUL 2, 2015

705 Commons Dr Gibsonville, NC 27249

4 Beds
2.5 Baths
2,700 Sq Ft
1.35 Acres

Recently Sold

$80 Per Sq Ft

2% Above List Price

3 Days on Market

Highlights

  • Transitional Architecture
  • Solid Surface Countertops
  • Porch
  • Wood Flooring
  • No HOA
  • 2 Car Attached Garage

About This Home

As of December 2021

This property is eligible under the Freddie Mac First Look Initiative through June 6, 2015. Freddie Mac/HomeSteps offers an allowance up to $500 to owner occupant buyers towards the buyer’s purchase of a home warranty of their choice. Home SOLD AS-IS. This property is eligible for HomeSteps Financing. See AGENT ONLY & ATTACHMENTS for details, requirements & offer instructions!

Last Agent to Sell the Property

Lisa Bennett

Carolina Homes For Sale License #171495 Listed on: 05/18/2015

Carolina Homes For Sale

Co-Listed By

Lisa Way

Real Broker LLC License #254640

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,788

Year Built

  • Built in 2008

Lot Details

  • 1.35 Acre Lot
  • Fenced
  • Property is zoned RS-40

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Transitional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,546 Sq Ft Home
  • 2,200-2,700 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Living Room with Fireplace
  • Pull Down Stairs to Attic
  • Dryer Hookup

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Separate Shower

Outdoor Features

  • Porch

Schools

  • Eastern Guilford Middle School
  • East Rowan High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Knox Commons Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 0120615
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,788

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.35
  • Co List Office Mls Id: GRMG01
  • Co List Office Phone: 336-854-0500
  • Subdivision Name: Knox Commons
  • Directions: 40/85 to Mt Hope Church Rd go north to Wendover/Burlington Rd/70 turn right. Turn right on Commons Dr ( across from the solar panel farm) the house is on the left.
  • Above Grade Finished Sq Ft: 2546
  • Architectural Style: Transitional
  • Unit Levels: Two
  • Year Built: 2008
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2200 - 2700
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: Yes
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Dead Bolt(s), Soaking Tub, Kitchen Island, Pantry, Separate Shower, Solid Surface Counter
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Living Area: 2546
  • Main Level Bathrooms: 1
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Fencing: Fenced
  • Construction Type: Brick
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway, Garage Door Opener, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Sedalia
  • High School: East Rowan
  • Middle Or Junior School: Eastern Guilford

Lot Info

  • Parcel #: 0120615
  • Zoning: RS-40
  • TRIADMLS_PricePerAcre: 155481.4815
  • TRIADMLS_PlatPage: 139
  • TRIADMLS_DeedPage: 1244
  • TRIADMLS_DeedBook: 7673
  • TRIADMLS_PlatBook: 171
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 1788
  • Tax Lot: 3
  • Tax Year: 2014
  • TRIADMLS_TaxRate: 0.87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2021
Closed on
Dec 9, 2021
Sold by
Brown James L and Brown Urana Love
Bought by
Cobb Tyrone and Bailey Johnae Chevon
Seller's Agent
Tamica Williams
Compass -- Raleigh
Buyer's Agent
Jill Tessier
Jason Mitchell Real Estate
Sold Price
$380,000
Current Estimated Value
$447,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,381
Avg. Annual Appreciation
4.45%
Original Mortgage
$361,000
Outstanding Balance
$331,936
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$115,445

Purchase Details

Listed on
May 18, 2015
Closed on
Jun 1, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Brown James L and Brown Urana Love
Seller's Agent
Lisa Bennett
Carolina Homes For Sale
List Price
$209,900
Sold Price
$215,000
Premium/Discount to List
$5,100
2.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$215,000
Interest Rate
3.89%
Mortgage Type
VA

Purchase Details

Closed on
Feb 4, 2015
Sold by
Amaya Frank and Amaya Jackie
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Sep 16, 2008
Sold by
Double D Custom Homes Llc
Bought by
Amaya Frank and Amaya Jackie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,110
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $380,000 None Available
Warranty Deed $380,000 None Listed On Document
Special Warranty Deed -- Attorney
Trustee Deed $171,000 None Available
Warranty Deed $248,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $50,000 Credit Line Revolving
Open $361,000 New Conventional
Closed $361,000 New Conventional
Previous Owner $205,600 VA
Previous Owner $215,507 VA
Previous Owner $215,000 VA
Previous Owner $223,110 Purchase Money Mortgage
Previous Owner $200,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $380,000 -- --
12/17/2021 12/17/21 Sold $380,000 +76.7% $149 / Sq Ft
11/06/2021 11/06/21 Pending -- -- --
07/02/2015 07/02/15 Sold $215,000 +2.4% $98 / Sq Ft
05/22/2015 05/22/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $209,900 -- $95 / 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 $2,917 $325,700 $44,000 $281,700
2024 $2,917 $325,700 $44,000 $281,700
2023 $2,917 $325,700 $44,000 $281,700
2022 $2,862 $325,700 $44,000 $281,700
2021 $1,913 $217,700 $25,000 $192,700
2020 $1,901 $217,700 $25,000 $192,700
2019 $1,889 $217,700 $0 $0
2018 $1,880 $217,700 $0 $0
2017 $1,961 $217,700 $0 $0
2016 $1,833 $205,500 $0 $0
2015 $1,844 $205,500 $0 $0
2014 -- $205,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 758742

Triad MLS

APN: 0120615