NOT LISTED FOR SALE

714 Tern Ln Madison, NC 27025

Estimated Value: $319,000 - $369,000

3 Beds
3 Baths
3,600 Sq Ft
$97/Sq Ft Est. Value

Last Sold September 09, 2019

Last sale price $225,000 $62 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,252/month

2 Days on Market

Highlights

  • Living Room with Fireplace
  • Corner Lot
  • Porch
  • Wood Flooring
  • No HOA
  • 2 Car Attached Garage

About This Home

As of September 2019

Looking for space? Come see this wonderfully remodeled split level. Quality replacement windows, new HVAC system, remodeled kitchen and baths. Lower level family room ready for entertaining guests. Spacious rooms, hardwoods and much more.

Last Agent to Sell the Property

Jason Bramblett

Jason Bramblett Real Estate License #214156 Listed on: 07/29/2019

Jason Bramblett Real Estate

Last Buyer's Agent

Regina Vance

Coldwell Banker Realty License #264235

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,357

Year Built

  • Built in 1965

Lot Details

  • 0.55 Acre Lot
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,418 Sq Ft Home
  • 3,000-3,600 Sq Ft Home
  • Living Room with Fireplace
  • 2 Fireplaces
  • Fireplace in Basement
  • Pull Down Stairs to Attic
  • Dryer Hookup

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Porch

Schools

  • Western Rockingham Middle School
  • Mcmichael High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 117187
  • 0% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,357

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.55
  • Lot Size: TBD
  • Subdivision Name: None
  • Directions: 311 to Benjamin Road. Left on Tern Lane
  • Above Grade Finished Sq Ft: 3418
  • Unit Levels: Multi/Split
  • Structure Type: House
  • Year Built: 1965
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 3000 - 3600
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Laminate, Tile, Wood
  • Has Basement: Basement
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Basement, Living Room
  • Fireplaces: 2
  • Living Area: 3418
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsLower: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Fencing: None
  • Lot Features: City Lot, Corner Lot
  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Parcel #: 117187
  • Zoning: SFR
  • TRIADMLS_PricePerAcre: 409090.9091
  • TRIADMLS_PlatPage: 68
  • TRIADMLS_DeedPage: 1098
  • TRIADMLS_DeedBook: 1479
  • TRIADMLS_PlatBook: 8
  • TRIADMLS_AcresRange: 0 - 1

Tax Info

  • Tax Annual Amount: 2357
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 0.4117

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2019
Closed on
Aug 28, 2019
Sold by
Knight David M and Knight Danielle S
Bought by
Downham Thomas Charles and Downham Megan Michelle
Seller's Agent
Jason Bramblett
Jason Bramblett Real Estate
Buyer's Agent
Regina Vance
Coldwell Banker Realty
Sold Price
$225,000
Current Estimated Value
$350,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,143
Avg. Annual Appreciation
7.33%
Original Mortgage
$213,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2014
Closed on
Sep 8, 2014
Sold by
Jkk Property Investors Llc
Bought by
Knight David M and Knight Daniell S
Seller's Agent
Scott McInnis
McInnis Appraisals, Inc
List Price
$100,000
Sold Price
$91,000
Premium/Discount to List
-$9,000
-9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.89%
Original Mortgage
$89,351
Interest Rate
4.17%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 18, 2014
Sold by
Adams Edward D
Bought by
Jkk Property Investors Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Downham Thomas Charles $225,000 None Available
Knight David M $91,000 None Available
Jkk Property Investors Llc $65,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Charles Megan Beverly $328,932
Closed Downham Thomas Charles $213,750
Previous Owner Knight David M $24,000
Previous Owner Knight David M $89,351
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2021 06/16/21 Off Market $225,000 -- --
09/09/2019 09/09/19 Sold $225,000 +147.3% $75 / Sq Ft
09/15/2014 09/15/14 Sold $91,000 -9.0% $27 / Sq Ft
08/05/2014 08/05/14 Pending -- -- --
07/29/2014 07/29/14 For Sale $100,000 -- $29 / 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 $4,630 $361,653 $20,493 $341,160
2024 $4,630 $361,653 $20,493 $341,160
2023 $3,215 $225,584 $18,557 $207,027
2022 $3,215 $225,584 $18,557 $207,027
2021 $3,215 $225,584 $18,557 $207,027
2020 $3,215 $225,584 $18,557 $207,027
2019 $3,090 $216,868 $18,557 $198,311
2018 $2,605 $182,665 $21,031 $161,634
2017 $2,605 $182,665 $21,031 $161,634
2015 $2,633 $182,665 $21,031 $161,634
2014 $2,381 $166,951 $21,031 $145,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 943320

Triad MLS

APN: 117187