NOT LISTED FOR SALE

954 New Cut Rd Lexington, NC 27292

Estimated Value: $162,000 - $258,330

2 Beds
2 Baths
1,500 Sq Ft
$141/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $135,000 $90 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,204/month

About This Home

As of March 2022

*Attention investors* This property has incredible potential. The home is situated on 3.67 acres of land and has a new roof, new siding, new windows, new gutters, and new doors! There are two large storage buildings on the property as well. Channel your inner fixer upper and make this home your dream home! If you are looking to invest or looking to have your dream home on a budget, this property could be the one for you! Property being sold in as-is condition.

Last Agent to Sell the Property

Chasity Medlin

J. Marshall Realty License #318944 Listed on: 02/15/2022

Last Buyer's Agent

Maria Chrysson

R&B Legacy Group License #328633

R&B Legacy Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $397

Year Built

  • Built in 1964

Lot Details

  • 3.67 Acre Lot
  • Lot Dimensions are 298.8 x 548.61 x 239.85 x 551.70
  • Property is zoned RA2

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • 1,200-1,500 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0503300000015
  • 0% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$397

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 3.67
  • Lot Size: 298.8 x 548.61 x 239.85 x 551.70
  • Subdivision Name: None
  • Directions: Head north on I-85, take exit onto US-64 E and turn right, in approximately 4 miles turn right onto New Cut Road, property will be located in about 1 mile on the right
  • Above Grade Finished Sq Ft: 1400
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1964
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1200 - 1500
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Primary Bedroom
  • Fireplaces: 1
  • Living Area: 1400
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Utilities

  • Sewer: Septic Tank
  • Cooling: Remarks
  • Heating: See Remarks
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Remarks
  • Water Heater: Unknown

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0503300000015
  • Zoning: RA2
  • TRIADMLS_AcresRange: 3 - 4

Tax Info

  • Tax Annual Amount: 397.34
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 0.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Mar 18, 2022
Sold by
Wilson Marcus S
Bought by
Reimakoski Revocable Trust
Seller's Agent
Chasity Medlin
J. Marshall Realty
Buyer's Agent
Maria Chrysson
R&B Legacy Group
Sold Price
$135,000
Current Estimated Value
$211,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,583
Avg. Annual Appreciation
13.22%

Purchase Details

Closed on
Jul 9, 2021
Sold by
Grubb Jerry L and Grubb Betty Smith
Bought by
Wilson Marcus S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 27, 1961
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
Reimakoski Revocable Trust $137,000 Whitman Misti Boles
Wilson Marcus S $150,000 None Available
Wilson Marcus S $150,000 None Listed On Document
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Marcus S $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2022 03/18/22 Sold $135,000 -- $113 / 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 $1,164 $176,360 $0 $0
2024 $1,129 $176,360 $0 $0
2023 $1,129 $176,360 $0 $0
2022 $689 $107,550 $0 $0
2021 $677 $105,710 $0 $0
2020 $640 $99,970 $0 $0
2019 $650 $99,970 $0 $0
2018 $650 $99,970 $0 $0
2017 $650 $99,970 $0 $0
2016 $650 $99,970 $0 $0
2015 $646 $99,330 $0 $0
2014 $696 $107,030 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1058977

Triad MLS

APN: 05-033-0-000-0015-0-0-0