NOT LISTED FOR SALE

718 Richard Rd Lexington, NC 27292

Estimated Value: $320,000

4 Beds
2 Baths
1,600 Sq Ft
$200/Sq Ft Est. Value

Sale Details

Date Sold: March 27, 2019

Last sale price $125,000 $78 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $1,905 / mo

384 Days on Market

Highlights

  • 12.5 Acre Lot
  • Great Room with Fireplace
  • No HOA
  • Southwood Elementary School Rated 9+
  • Main Floor Primary Bedroom
  • Forced Air Heating System

About This Home

As of March 2019

Beautiful historic Home with acreage in city limits in need of renovation. In close proximity the Davidson County airport and Business 85. Property was most recently used as residential, but still zoned industrial. This property is party of a 30 acre tract, with the house and 12.5 acres being sold together. Additional acreage is available. The tax value reflects the entire 30 acres. Heated area is part of down stairs. Upstairs has no working heat or air. All systems to inspected/verified by buyer.

Last Agent to Sell the Property

Sol Coltrane

Coltrane & Company License #177240 Listed on: 01/08/2018

Last Buyer's Agent

NONMEMBER NONMEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,607

Year Built

  • Built in 1912

Lot Details

  • 12.5 Acre Lot
  • Cleared Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,521 Sq Ft Home
  • 1,300-1,600 Sq Ft Home
  • Property has 2 Levels
  • Great Room with Fireplace
  • 2 Fireplaces
  • Den with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Basement

  • Basement Cellar
  • Crawl Space

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Propane
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1134900000010A
  • 0% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,607

Year Built

Built in 1912

Lot Details

12.5 Acres

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 12.5
  • Subdivision Name: None
  • Directions: Business 85 South to Green Needles exit. Turn left onto Green Needles Rd; Then right onto Charlotte Drive;The left onto Richard Rd- Property will be on the right on the dirt road.
  • Above Grade Finished Sq Ft: 1521
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1912
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1300 - 1600
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Cellar, Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Den, Great Room
  • Fireplaces: 2
  • Living Area: 1521
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

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

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer, Septic Tank
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Propane
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Propane Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 1134900000010A
  • Zoning: I
  • TRIADMLS_AcresRange: 11 - 13

Tax Info

  • Tax Annual Amount: 2607
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 0.119

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2026
Sold by
Davidson Land Development Llc
Bought by
Green Needles Subdivision Homeowners Associat
Current Estimated Value
$320,000

Purchase Details

Closed on
Mar 17, 2026
Sold by
Davidson Land Development Llc
Bought by
Wjh Llc

Purchase Details

Closed on
Dec 10, 2024
Sold by
Mrt-1 Llc
Bought by
Davidson Land Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.72%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 18, 2022
Sold by
Stephens Ronnie J and Stephens Patricia
Bought by
Mrt-1 Llc

Purchase Details

Listed on
Jan 8, 2018
Closed on
Mar 26, 2019
Sold by
Davis Frank P and Davis Sandra H
Bought by
Stephens Ronnie J
Seller's Agent
Sol Coltrane
Coltrane & Company
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$175,000
Sold Price
$125,000
Premium/Discount to List
-$50,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.13%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Green Needles Subdivision Homeowners Associat -- None Listed On Document
Wjh Llc $3,122,000 None Listed On Document
Davidson Land Development Llc $1,200,000 None Listed On Document
Davidson Land Development Llc $1,200,000 None Listed On Document
Davidson Land Development Llc $1,200,000 None Listed On Document
Mrt-1 Llc $322,500 --
Mrt-1 Llc $322,500 None Listed On Document
Stephens Ronnie J $125,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davidson Land Development Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2019 03/27/19 Sold $125,000 -28.6% $96 / Sq Ft
01/28/2019 01/28/19 Pending -- -- --
01/08/2018 01/08/18 For Sale $175,000 -- $135 / Sq Ft
Source: Triad MLS

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 $2,360 $199,650 $0 $0
2024 $3,399 $287,590 $0 $0
2023 $3,399 $287,590 $0 $0
2022 $3,399 $287,590 $0 $0
2021 $3,399 $287,590 $0 $0
2020 $2,568 $219,080 $0 $0
2019 $2,607 $219,080 $0 $0
2018 $2,607 $219,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sol Coltrane

    Coltrane & Company

    8 in this area

    13 Total Sales

    Sol Coltrane
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Map

Source: Triad MLS

MLS Number: 870452

Triad MLS

APN: 11-349-0-000-0010-A-0-0

North Carolina Davidson County Lexington 27292

718 Richard Rd, Lexington, NC

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