NOT LISTED FOR SALE

5408 Old Farm Rd Gastonia, NC 28056

Estimated Value: $370,000 - $403,000

4 Beds
3 Baths
2,204 Sq Ft
$176/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $370,000 $168 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,332/month

13 Days on Market

Highlights

  • Wood Flooring
  • Separate Outdoor Workshop
  • 2 Car Attached Garage
  • Cramerton Middle School Rated A-
  • Skylights
  • Enclosed Glass Porch

About This Home

As of February 2024

Contemporary home situated on 2 acres in desirable Pine Brush Community. Nestled on a serene cul-de-sac, this contemporary gem awaits your creative touch. With 4 bedrooms and 3 baths, this home offers ample space for all your dreams to unfold. A work shed with electricity adds practicality to the equation, making it an ideal investment opportunity. While this home may require some tender care, its potential shines.

Last Listed By

Shelly Russ

Mark Spain Real Estate Brokerage Email: shellyruss@markspain.com License #225791 Listed on: 01/24/2024

Mark Spain Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,025

Year Built

  • Built in 1983

Lot Details

  • Property is zoned R1H

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Skylights
  • Family Room with Fireplace
  • Oven
  • Laundry Room

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Outdoor Features

  • Separate Outdoor Workshop
  • Enclosed Glass Porch

Utilities

  • Forced Air Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 194216

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,025

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1983
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 167.88
  • Geocode Confidence: High
  • Attribution Contact: shellyruss@markspain.com
  • Special Features: None

Interior Features

  • Foundation Details: Other - See Remarks
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1394
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 810
  • Appliances: Oven, Washer/Dryer
  • Above Grade Finished Sq Ft: 2204
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Living Area: 2204
  • Window Features: Skylight(s)
  • Bedroom Main: 1
  • Room Count: 11
  • Sq Ft Other: 1933

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Wood
  • Other Structures: Workshop
  • Patio And Porch Features: Glass Enclosed

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 511
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Faces Front

Utilities

  • Heating: Forced Air
  • Sewer: Septic Installed
  • Laundry Features: Utility Room, Inside
  • Cooling: Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 2.01
  • Lot Size Units: Acres
  • Parcel Number: 194216
  • Zoning: R1H
  • Plat Reference Section Pages: 455
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1H

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Feb 23, 2024
Sold by
Estate Of Betty Earl Stroup Trust
Bought by
Lantz Austin
Seller's Agent
Shelly Russ
Mark Spain Real Estate
Buyer's Agent
Robin Hancock
Stephen Cooley Real Estate
List Price
$365,000
Sold Price
$370,000
Premium/Discount to List
$5,000
1.37%
Total Days on Market
13
Views
466
Current Estimated Value
$387,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,507
Avg. Annual Appreciation
2.80%
Original Mortgage
$351,500
Outstanding Balance
$348,016
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$33,938

Purchase Details

Closed on
Aug 1, 2019
Sold by
Stroup Betty Earl
Bought by
Stroup Betty Earl and Betty Earl Stroup Trust

Purchase Details

Closed on
Mar 1, 1992
Bought by
Stroup Dan Michael and Stroup Betty E

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
Lantz Austin $370,000 Beyond Title
Stroup Betty Earl -- None Available
Stroup Dan Michael $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lantz Austin $351,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $370,000 +1.4% $168 / Sq Ft
01/24/2024 01/24/24 For Sale $365,000 -- $166 / Sq Ft
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
2024 $2,025 $283,590 $42,850 $240,740
2023 $1,971 $283,590 $42,850 $240,740
2022 $1,783 $193,790 $33,740 $160,050
2021 $1,756 $193,790 $33,740 $160,050
2019 $1,754 $193,790 $33,740 $160,050
2018 $1,675 $176,832 $41,535 $135,297
2017 $1,675 $176,832 $41,535 $135,297
2016 $1,676 $176,942 $0 $0
2014 $1,709 $182,348 $55,302 $127,046
Source: Public Records

Agents Affiliated with this Home

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4103293

Canopy MLS (Canopy Realtor® Association)

APN: 194216