NOT LISTED FOR SALE

Lot 42 Luther Dr Unit Lot 42 Iron Station, NC 28080

Estimated Value: $555,000 - $699,000

2.44 Acres
$245,600 Price per Acre
106,286 Sq Ft Lot

Last Sold July 06, 2018

Last sale price $45,000

Est. 1,232% increase in value since last sale

Current estimated payment $3,468/month

335 Days on Market

Highlights

  • Pond
  • Wooded Lot
  • Home fronts a stream
  • St. James Elementary School Rated A-

About This Lot

As of July 2018

Private 2.44 acre lot at end of cul-de-sac in beautiful country community on which to build your dream home. State owned paved streets, street lights and entrance landscaping. Backdrop of woods frame this home site. Sit on your back deck and view the pond and woods. If you are looking to build in a charming community with homes on large lots, convenient to Denver, Lincolnton, Hunterville, Hickory, Lake Norman, Charlotte and Airports, don't miss this opportunity. Bring your own builder.

Last Agent to Sell the Property

Kay Simmons

Simmons Real Estate & Constr. License #64673 Listed on: 04/03/2017

Last Buyer's Agent

Kay Simmons

Simmons Real Estate & Constr. License #64673 Listed on: 04/03/2017

Property Details

Property Type

  • Land

Lot Details

  • Home fronts a stream
  • Wooded Lot
  • Many Trees
  • Property is zoned Residential Lot

HOA Fees

  • $23 Monthly HOA Fees

Utilities

  • Well

Listing and Financial Details

  • Assessor Parcel Number 84140
  • Tax Block 77

Community Details

Recreation

  • Pond

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.90180
  • Ratio Close Price By Original Li: 0.90180
  • Ratio Current Price By Acre: 18442.62
  • Restrictions: Architectural Review, Livestock Restriction, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Restrictions Description: 1800
  • Additional Information: Perc Report
  • Special Features: None

Interior Features

  • Foundation Details: Basement

Exterior Features

  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Utilities

  • Sewer: Septic Tank
  • Water: Well

Condo/Co-op/Association

  • Community Features: Pond
  • Association Fee: 280.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Dimension: 367x481x134x433
  • Lot Features: Cul-de-sac Lot, Paved Frontage, Lake, Sloping, Stream/Creek, Trees, Wooded
  • Parcel Number: 84140
  • Zoning: Residential Lot
  • Zoning Specification: R-Sf
  • Plat Book Slide: 42

Tax Info

  • Tax Value: 42784.00
  • Tax Block: 77
  • Tax Location: Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2017
Closed on
Jul 6, 2018
Sold by
Spake Stephen A and Spake Tabatha H
Bought by
Tate Franklin L and Tate Sabrina E
Seller's Agent
Kay Simmons
Simmons Real Estate & Constr.
Buyer's Agent
Kay Simmons
Simmons Real Estate & Constr.
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%
Current Estimated Value
$599,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$554,265
Avg. Annual Appreciation
41.89%

Purchase Details

Closed on
Aug 9, 2005
Sold by
Sigmon Farms Inc
Bought by
Spake Stephen A and Spake Tabatha H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,200
Interest Rate
5.51%
Mortgage Type
FHA
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
Tate Franklin L $45,000 None Available
Spake Stephen A $38,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spake Stephen A $34,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2018 07/06/18 Sold $45,000 -9.8% --
03/04/2018 03/04/18 Pending -- -- --
04/03/2017 04/03/17 For Sale $49,900 -- --
Source: Canopy MLS (Canopy Realtor® Association)

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 $3,355 $519,321 $68,194 $451,127
2024 $3,335 $519,321 $68,194 $451,127
2023 $3,259 $519,321 $68,194 $451,127
2022 $2,538 $329,416 $49,996 $279,420
2021 $2,538 $329,416 $49,996 $279,420
2020 $2,357 $329,416 $49,996 $279,420
2019 $308 $42,996 $42,996 $0
2018 $0 $42,784 $42,784 $0
2017 $311 $42,784 $42,784 $0
2016 $311 $0 $0 $0
2015 $305 $42,784 $42,784 $0
2014 -- $42,784 $42,784 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3267385

Canopy MLS (Canopy Realtor® Association)

APN: 84140