NOT LISTED FOR SALE

7389 Old Us Highway 52 Lexington, NC 27295

Estimated Value: $327,000 - $357,000

4 Beds
2 Baths
2,112 Sq Ft
$163/Sq Ft Est. Value

Last Sold September 04, 2014

Last sale price $61,000 $29 Per Sq Ft

Est. 463% increase in value since last sale

Current estimated payment $1,953/month

7 Days on Market

Highlights

  • The property is located in a historic district
  • Traditional Architecture
  • No HOA
  • North Davidson Middle School Rated 9+
  • Wood Flooring
  • Circular Driveway

About This Home

As of September 2014

Foreclosure Four Side Brick Stately Traditional Two Story in Welcome Town Limit. Four bedrooms ,Two full baths, hardwoods, two car detached garage and one attached carport, sunroom, screen porch, possible commercial office use and in town limit." Property was built prior to 1978 and lead base paint potentially exists. The property is uninhabitable and/or severely damaged with deteriorated paint surfaces that will not be treated by VA and which will need to be opened or removed." Sold As-Is.

Last Agent to Sell the Property

Furman Burt

Realty Executives W/S License #190151 Listed on: 08/18/2014

Realty Executives W/S

Co-Listed By

Kathe Crews

Broker Associates, Inc License #254241

Last Buyer's Agent

Furman Burt

Realty Executives W/S License #190151 Listed on: 08/18/2014

Realty Executives W/S

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,062

Year Built

  • Built in 1922

Lot Details

  • 1.11 Acre Lot
  • Fenced
  • Property is zoned Oi

Parking

  • 2 Car Detached Garage
  • Circular Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,112 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Living Room with Fireplace
  • Pull Down Stairs to Attic
  • Free-Standing Range
  • Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Balcony
  • Porch

Location

  • The property is located in a historic district

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 6 / 1761
  • Assessor Parcel Number 1130200000006000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,062

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.11
  • Co List Office Mls Id: WREX01
  • Co List Office Phone: 336-768-5878
  • Directions: Hwy 52 South to exit 97 towards Welcome, R- Old US 52 South, house in right just before North Davidson High School in Welcome Town Limit.
  • Above Grade Finished Sq Ft: 2112
  • Architectural Style: Traditional
  • Unit Levels: Two
  • Year Built: 1922
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2112
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: No
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: Yes
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Dead Bolt(s), Pantry
  • Has Basement: Cellar, Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 2112
  • Main Level Bathrooms: 1
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Exterior Features: Balcony
  • Fencing: Fenced
  • Lot Features: Historic District
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Circular Driveway, Detached
  • Garage Description: Detached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Main Level
  • Security: Security System
  • 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: Call School Board
  • High School: Call School Board
  • Middle Or Junior School: Call School Board

Lot Info

  • Parcel #: 1130200000006000
  • Zoning: Oi
  • TRIADMLS_DeedPage: 78
  • TRIADMLS_DeedBook: 2147

Multi Family

  • Existing Lease Type: Not For Lease.

Tax Info

  • Tax Annual Amount: 1061.5
  • Tax Block: 1761
  • Tax Lot: 6
  • Tax Year: 2013
  • TRIADMLS_TaxRate: 0.69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2014
Closed on
Sep 5, 2014
Sold by
Secretary Of Veterans Affairs
Bought by
Kimono Group Llc
Seller's Agent
Furman Burt
Realty Executives W/S
Buyer's Agent
Furman Burt
Realty Executives W/S
List Price
$52,000
Sold Price
$61,000
Premium/Discount to List
$9,000
17.31%
Current Estimated Value
$343,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,537
Avg. Annual Appreciation
16.85%

Purchase Details

Closed on
Jun 24, 2014
Sold by
Wilson Ray L and Wilson Ray Lee
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Dec 11, 2006
Sold by
The Bank Of New York
Bought by
Wilson Ray Lee and Wilson Dorthy Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,053
Interest Rate
6.07%
Mortgage Type
VA

Purchase Details

Closed on
Aug 11, 2006
Sold by
Whitney Mitchell L and Whitney Kristen
Bought by
The Bank Of New York and Certificateholders Of Cwalt Inc Alternat

Purchase Details

Closed on
Aug 6, 2004
Sold by
Kirby Kim Sean
Bought by
Whitney Michael L and Whitney Kristen

Purchase Details

Closed on
Jun 1, 1996

Purchase Details

Closed on
Jan 1, 1994
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
Kimono Group Llc -- --
Secretary Of Veterans Affairs $96,957 None Available
Wilson Ray Lee -- None Available
The Bank Of New York $163,111 None Available
Whitney Michael L $160,000 --
-- $125,000 --
-- $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Ray Lee $145,053
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2014 09/04/14 Sold $61,000 +17.3% $29 / Sq Ft
08/26/2014 08/26/14 Pending -- -- --
08/18/2014 08/18/14 For Sale $52,000 -- $25 / 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 $1,498 $234,020 $0 $0
2024 $1,498 $234,020 $0 $0
2023 $1,498 $234,020 $0 $0
2022 $1,498 $234,020 $0 $0
2021 $1,498 $234,020 $0 $0
2020 $1,039 $162,280 $0 $0
2019 $1,057 $162,590 $0 $0
2018 $1,057 $162,590 $0 $0
2017 $1,057 $162,590 $0 $0
2016 $1,057 $162,590 $0 $0
2015 $1,057 $162,590 $0 $0
2014 $1,062 $165,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 716449

Triad MLS

APN: 11-302-0-000-0006-0-0-0