Welcome to an unparalleled opportunity in New Hill! This 15.5-acre property has a blank canvas home - Whether you envision a restorative remodel or a brand-new dream dwelling, this "Sold AS IS" home is the foundation for your next chapter. With a serene pond and lush trees, it's a nature lover's paradise. Embrace outdoor living and water activities just minutes away from Jordan Lake. The convenience factor is unmatched – enjoy easy access to Apex, Raleigh, Cary, and RTP. The property's prime location along the old Highway 1 corridor is set to flourish with exciting developments on the horizon potential future value appreciation. The prestigious Conservancy at Jordan Lake, a vast new subdivision, is poised to become a neighbor. Additionally, the upcoming VinFast plant will bring innovation and potential job opportunities to the area. Positioned right over the Wake County Line in Chatham County, this property offers versatility. Explore the possibility of converting to commercial zoning for a range of investment options. Don't miss this chance to own a slice of tranquility with incredible potential.
Sold for $1,000,000
$1,000,000
338 Rush Rd, New Hill, NC 27562
3beds
1,235sqft
Single Family Residence, Residential
Built in 1974
15.5 Acres Lot
$864,600 Zestimate®
$810/sqft
$1,667 Estimated rent
Home value
$864,600
$648,000 - $1.12M
$1,667/mo
Zestimate® history
Owner options
List your home for rent
$1,667/mo
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$1,667/mo
Rent Zestimate®
Refinance and save
$5,861/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$5,861/mo
Est. payment
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List your homeWhat's special
Brand-new dream dwellingLush treesRestorative remodel
Zillow last checked:
Listing updated:
Listed by:
Bonnie Sue Ferrari 919-656-8825,
Grow Local Realty, LLC
Bought with:
Mallika Jayasundera, 193927
Carolina Living Associates LLC
Source: Doorify MLS,MLS#: 2529898
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
Features
- Flooring: Carpet, Concrete
- Number of fireplaces: 1
Interior area
- Total structure area: 1,235
- Total interior livable area: 1,235 sqft
- Finished area above ground: 1,235
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Gravel
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 15.5 Acres
Details
- Parcel number: 0005527
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Concrete
- Foundation: Concrete
Condition
- New construction: No
- Year built: 1974
Community & HOA
Community
- Subdivision: Not in a Subdivision
HOA
- Has HOA: No
Location
- Region: New Hill
Financial & listing details
- Price per square foot: $810/sqft
- Tax assessed value: $712,096
- Annual tax amount: $4,217
- Date on market: 8/31/2023
Price history
| Date | Event | Price |
|---|---|---|
| 11/15/2023 | Sold | $1,000,000+25.8%$810/sqft |
Source:  Doorify MLS #2529898 Report a problem | ||
| 11/8/2023 | Contingent | $795,000$644/sqft |
Source: Doorify MLS #2529898 Report a problem | ||
| 8/31/2023 | Listed for sale | $795,000$644/sqft |
Source: Doorify MLS #2529898 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,409 +13.4% | $712,096 +32.6% |
| 2024 | $4,770 +16.9% | $537,208 +8.3% |
| 2023 | $4,079 +2.5% | $495,943 |
| 2022 | $3,980 | $495,943 |
| 2021 | $3,980 +104.1% | $495,943 +105.4% |
| 2020 | $1,950 +7.2% | $241,438 |
| 2019 | $1,818 +23.5% | $241,438 |
| 2017 | $1,472 | $241,438 +26.1% |
| 2016 | $1,472 +24.9% | $191,499 |
| 2015 | $1,179 | $191,499 |
| 2014 | -- | $191,499 |
| 2013 | -- | $191,499 |
| 2012 | -- | $191,499 |
| 2011 | -- | $191,499 |
| 2010 | -- | $191,499 |
| 2009 | -- | $191,499 +23.1% |
| 2008 | -- | $155,604 |
| 2007 | $1,073 +1.8% | $155,604 |
| 2005 | $1,053 | $155,604 |
Find assessor info on the county website
Neighborhood: 27562
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Nearby schools
GreatSchools rating
- 5/10Moncure Elementary SchoolGrades: K-8Distance: 5.1 mi
- 6/10Seaforth HighGrades: 9-12Distance: 6.8 mi
Schools provided by the listing agent
- Elementary: Chatham - Moncure
- Middle: Chatham - Moncure
- High: Chatham - Seaforth
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$864,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$864,600
- North Carolina
- Chatham County
- New Hill
- 27562
- 338 Rush Rd
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