NOT LISTED FOR SALE

8948 Nc Highway 8 Lexington, NC 27292

Estimated Value: $126,990

2 Beds
1 Bath
1,500 Sq Ft
$85/Sq Ft Est. Value

Last Sold July 26, 2018

Last sale price $65,000 $43 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $941/month

56 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • 1 Car Detached Garage
  • Farmhouse Style Home
  • No HOA
  • Porch

About This Home

As of July 2018

Handyman Dream!! Wonderful location. Wonderful Land Approx. 2.92 acres with road frontage on Hwy 8 and Gray road this property has so many possibilities. Home Needs repair. Selling As Is. Great location for business with lake influence. Awesome spot for drive thru restaurant, gas station, car wash etc. Zoning not commercial at present but could easily be changed.

Last Agent to Sell the Property

Gayle Grubb

Leonard Craver Realty License #38570 Listed on: 03/15/2018

Last Buyer's Agent

Vivian Wilborne

Howard Hanna Allen Tate High Point License #146840

Howard Hanna Allen Tate High Point

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $552

Year Built

  • Built in 1932

Lot Details

  • 2.92 Acre Lot
  • Lot Dimensions are 280 x 308 x 463 x 409
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Property is zoned RA2

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Home Design

  • Farmhouse Style Home
  • Vinyl Siding

Interior Spaces

  • 1,380 Sq Ft Home
  • 1,200-1,500 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • Attic

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Central Davidson Middle School
  • Central Davidson High School

Utilities

  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 0029
  • Assessor Parcel Number 0602600000029000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$552

Year Built

Built in 1932

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 2.92
  • Lot Size: 280 x 308 x 463 x 409
  • Subdivision Name: None
  • Directions: Going South on Main Street Lexington, to Left on East 10th Ave. that becomes Hwy 8 south toward High Rock Lake, Right on Gray Road, Property on Left. Property has road frontage on Hwy 8 also.
  • Above Grade Finished Sq Ft: 1380
  • Architectural Style: Farm House
  • Unit Levels: One and One Half
  • Structure Type: House
  • Year Built: 1932
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1200 - 1500
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: No
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Wood
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 1380
  • Main Level Bathrooms: 1
  • Attic Description: Partially Floored
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Fencing: None
  • Lot Features: Partially Cleared, Rolling Slope
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Driveway, Gravel, Detached
  • Garage Description: Detached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Washer Hookup
  • Cooling: None
  • Heating: None, No Fuel
  • Water Source: Public
  • TRIADMLS_HeatingFuel: No Fuel
  • Water Heater: None

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Southmont
  • High School: Central Davidson
  • Middle Or Junior School: Central Davidson

Lot Info

  • Parcel #: 0602600000029000
  • Zoning: RA2
  • TRIADMLS_AcresRange: 3 - 3

Tax Info

  • Tax Annual Amount: 552
  • Tax Block: 000
  • Tax Lot: 0029
  • Tax Map Number: 026
  • Tax Year: 2017
  • TRIADMLS_TaxRate: 0.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2019
Sold by
Dre Performance Enterprises Shop Llc
Bought by
Hilton Samuel Lee and Hilton Julie Franks
Current Estimated Value
$126,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,300
Outstanding Balance
$46,789
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 15, 2018
Closed on
Jul 24, 2018
Sold by
Ragan Norma Jane Hedrick and Ragan Richard Joel
Bought by
Dre Performance Enterprises Shop Llc
Seller's Agent
Gayle Grubb
Leonard Craver Realty
Buyer's Agent
Vivian Wilborne
Howard Hanna Allen Tate High Point
List Price
$78,900
Sold Price
$65,000
Premium/Discount to List
-$13,900
-17.62%

Purchase Details

Closed on
Jan 16, 2014
Sold by
Hedrick Margaret H
Bought by
Hedrick Ragan Norma Jane

Purchase Details

Closed on
Sep 14, 1981
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
Hilton Samuel Lee $82,000 None Available
Dre Performance Enterprises Shop Llc $65,000 None Available
Hedrick Ragan Norma Jane -- None Available
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hilton Samuel Lee $53,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2018 07/26/18 Sold $65,000 -17.6% $54 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $78,900 -- $66 / 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 $3,328 $504,340 $0 $0
2024 $3,316 $502,430 $0 $0
2023 $3,316 $502,430 $0 $0
2022 $897 $135,910 $0 $0
2021 $857 $135,910 $0 $0
2020 $857 $135,910 $0 $0
2019 $1,302 $203,460 $0 $0
2018 $552 $88,320 $0 $0
2017 $552 $88,320 $0 $0
2016 $552 $88,320 $0 $0
2015 $552 $88,320 $0 $0
2014 $301 $73,170 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gayle Grubb

    Seller's Agent in 2018

    Gayle Grubb

    Leonard Craver Realty

    (336) 242-3922

    58 Total Sales

    Gayle Grubb
    Section Image

  • V

    Buyer's Agent in 2018

    Vivian Wilborne

    Howard Hanna Allen Tate High Point

    (336) 240-3372

    132 Total Sales

    Vivian Wilborne
    Section Image
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Map

Source: Triad MLS

MLS Number: 879031

Triad MLS

APN: 06-026-0-000-0029-0-0-0

North Carolina Davidson County Lexington 27292

8948 Nc Highway 8, Lexington, NC

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