NOT LISTED FOR SALE

951 Lobelia Rd Vass, NC 28394

Vass Area

Estimated Value: $289,000 - $378,767

Studio
-- Baths
-- Sq Ft
5.16 Acre Lot

Sale Details

Date Sold: December 11, 2023

Last sale price $364,000 $0 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,138 / mo

About This Home

Wow, what an opportunity. 5 acres with a pond just outside of Vass. This commercial structure was originally designed for and is ready for ag purposes. Sold in current status and will not be completed beyond its current condition and function. It has approvals in place to start the process to finish it as a residential property. This dual purpose is a great opportunity. It is ideal for ag use or a person who wants to finish it as a house and still have room for a hobby or an in-home business that can use this incredible garage space. Installed two-bedroom septic. Public water and power are run to the property. The new owner will need to run the water and power throughout the structure to meet their needs. Engineered staircase with room for either office space upstairs or a loft apartment. Downstairs was planned for a kitchen, bathroom, and open space. Very large oversized garage with floor drains built-in intended to drain to sunlight. 16-wide and 12ft tall garage door. The garage is 39 deep, 27.5 wide, and 14 feet tall. Ceiling Ibeam installed for a hoist. Very functional space behind the garage also with built-in floor drain. Originally designed to be the growing room for a mushroom farm. 200 amp service installed. Comes with a 20 KW generator. This is RA zoning and is primarily for ag or residential purposes Check Vass Table of permitted uses. The stairs are not finished. DO NOT CLIMB UPSTAIRS. The second floor is an open square that is 24 x 23. Look at the photos!
Does not have a current survey. I could only find meets and bounds description. Deed in associated docs. No heating or air is installed. Water ran to the property but no fixtures were installed. For qualified buyers, First Bank Southern Pines has a loan program that can work for a commercial purchase. If a buyer intends on finishing it into a residential house that will be a more involved loan. It is strongly recommended to verify what your lender will require for this to be finished

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2023
Closed on
Nov 21, 2023
Sold by
Martz Bruce
Bought by
Seller's Agent
Tim Venjohn
Rhodes and Co LLC
Buyer's Agent
Sally Seller
Non Member Office
List Price
$375,000
Sold Price
$364,000
Premium/Discount to List
-$11,000
-2.93%
Views
150
Current Estimated Value
$353,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,058
Avg. Annual Appreciation
-1.01%

Purchase Details

Closed on
Feb 28, 2019
Sold by
The Estate Of Jimmy Howard Ring
Bought by
Martz Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$364,000 None Listed On Document
Martz Bruce $40,202 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,000
Previous Owner Martz Bruce $37,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2023 12/11/23 Sold $364,000 -2.9% -- View Prior Sale
10/20/2023 10/20/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $375,000 -- --

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,109 $502,250 $72,120 $430,130
2025 $806 $191,940 $72,120 $119,820
2024 $835 $191,940 $72,120 $119,820
2023 $873 $191,940 $72,120 $119,820
2022 $909 $144,310 $49,830 $94,480
2021 $627 $95,660 $49,830 $45,830
2020 $321 $57,200 $49,830 $7,370
2019 $321 $49,830 $49,830 $0
2018 $362 $60,260 $52,890 $7,370
2017 $206 $60,260 $52,890 $7,370
2015 $199 $60,260 $52,890 $7,370
2014 $203 $60,870 $53,040 $7,830
2013 -- $60,870 $53,040 $7,830
Source: Public Records

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