NOT LISTED FOR SALE

7096 Ridgeway Rd Stanley, NC 28164

Estimated Value: $540,000 - $589,767

5 Beds
3 Baths
2,943 Sq Ft
$193/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $360,000 $122 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,221/month

124 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • 1-Story Property
  • Catawba Springs Elementary School Rated A
  • Shed

About This Home

As of November 2020

This beautiful 4 bed 3 bath LINCOLN COUNTY home w/ NO HOA is minutes from Hwy 16/73, easy access to Charlotte & surrounding Lake Norman area. Large deck overlooks spacious backyard w/ lush trees for extra privacy & front porch. Main level includes a dining room, living area, kitchen & breakfast area with abundance of natural light showcasing the home's beauty. Master on main has vaulted ceiling & view of the backyard from the large windows. Master bath features an updated tile design. 2 additional bedrooms, full bath & laundry room on the main level. Upstairs has additional bedroom & living space. ADDITIONALLY, this home has an amazing, fully finished ground level space w/ an attached full bath (septic permitted), closet and kitchenette, ENDLESS possibilities as a 2nd master, media room, home office/school space. Room was converted from a 2 car garage, separate HVAC system, can be converted back to garage (request quote). There is space for new garage to be built on the large lot.

Last Agent to Sell the Property

Katy Bridges

Carolina Right Way Realty LLC License #309373 Listed on: 06/12/2020

Last Buyer's Agent

Lisa Ciaravella

COMPASS License #299977

COMPASS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • 0.8

Home Design

  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 1-Story Property
  • Crawl Space

Flooring

  • Wood
  • Carpet

Additional Features

  • Shed
  • Corner Lot
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 72931

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.93023
  • Ratio Close Price By Original Li: 0.90566
  • Ratio Current Price By Acre: 450000.00
  • Ratio Current Price By Sq Ft: 122.32
  • Year Built: 2002
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 632
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 5
  • Equipment: Ceiling Fan(s), Cooktop Electric, Dishwasher, Electric Oven, Microwave, Refrigerator
  • Fireplace Description: Propane
  • Flooring: Carpet, Wood
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 2311
  • Total Sq Ft: 2943

Exterior Features

  • Construction: Brick Partial, Vinyl
  • Construction Type: Site Built
  • Exterior Features: Shed(s)

Garage/Parking

  • Driveway: Concrete
  • Parking: Driveway

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Lot Info

  • Lot Features: Corner Lot
  • Parcel Number: 72931
  • Zoning Specification: R-T

Tax Info

  • Tax Value: 316529.00
  • Tax Location: Stanley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Nov 24, 2020
Sold by
Edwards Charles H and Edwards Amie B
Bought by
Rice Andrea Pangle
Seller's Agent
Katy Bridges
Carolina Right Way Realty LLC
Buyer's Agent
Lisa Ciaravella
COMPASS
List Price
$397,500
Sold Price
$360,000
Premium/Discount to List
-$37,500
-9.43%
Current Estimated Value
$567,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,942
Avg. Annual Appreciation
9.31%
Original Mortgage
$297,500
Outstanding Balance
$265,336
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$302,606

Purchase Details

Closed on
Mar 28, 2003
Bought by
Edwards Charles E and Edwards Amie B

Purchase Details

Closed on
Mar 21, 2003
Bought by
Edwards Charles H and Edwards Amie B

Purchase Details

Closed on
Oct 17, 2000
Bought by
Butch Miller Construction Inc
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
Rice Andrea Pangle $360,000 Barristers Title Services
Edwards Charles E $230,000 --
Edwards Charles H $230,000 --
Butch Miller Construction Inc $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rice Andrea Pangle $297,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2020 11/24/20 Sold $360,000 -7.0% $122 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
09/27/2020 09/27/20 Price Changed $387,000 -0.7% $131 / Sq Ft
07/13/2020 07/13/20 Price Changed $389,900 -1.9% $132 / Sq Ft
06/12/2020 06/12/20 For Sale $397,500 -- $135 / 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 $3,010 $475,181 $53,000 $422,181
2024 $2,978 $475,181 $53,000 $422,181
2023 $2,978 $475,181 $53,000 $422,181
2022 $2,454 $316,529 $43,000 $273,529
2021 $2,470 $316,529 $43,000 $273,529
2020 $2,206 $316,529 $43,000 $273,529
2019 $2,206 $316,529 $43,000 $273,529
2018 $1,864 $251,794 $34,500 $217,294
2017 $1,763 $251,794 $34,500 $217,294
2016 $1,755 $251,794 $34,500 $217,294
2015 $1,803 $251,794 $34,500 $217,294
2014 $1,741 $248,960 $43,500 $205,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3630260

Canopy MLS (Canopy Realtor® Association)

APN: 72931