508 Terrace Ln
Conway, NC 27820
5 bd 3 ba 2,350 sqft Built 1984 Lot 74,052 sqft single_family
Most recent sale
$275,000
Sep 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 1, 2022 | Sold | $275,000 | MLS #8108244 |
| Aug 2, 2022 | Listed | $279,900 | MLS #8108244 |
| Jun 30, 2022 | Price changed | $279,900 | MLS #108244 |
| May 31, 2022 | Listed | $299,900 | MLS #108244 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $176,569 | $10,500 | $187,069 | $1,914 |
| 2024 | $176,569 | $10,500 | $187,069 | $1,792 |
| 2023 | $176,569 | $10,500 | $187,069 | $1,772 |
| 2022 | $159,947 | $10,500 | $170,447 | $1,744 |
| 2021 | $159,947 | $10,500 | $170,447 | $1,753 |
| 2020 | $159,947 | $10,500 | $170,447 | $1,762 |
| 2019 | $159,947 | $10,500 | $170,447 | $1,770 |
| 2018 | $159,947 | $10,500 | $170,447 | $1,779 |
| 2017 | $159,947 | $10,500 | $170,447 | $1,779 |
| 2016 | $159,947 | $10,500 | $170,447 | $1,779 |
| 2015 | $159,947 | $10,500 | $170,447 | $1,773 |
| 2014 | $150,734 | $10,500 | $161,234 | $1,688 |
| 2013 | $150,734 | $10,500 | $161,234 | $1,688 |
| 2012 | — | — | $161,226 | $1,682 |
| 2011 | — | — | $161,226 | $1,601 |
| 2009 | — | — | $150,403 | $1,360 |
Property facts
Year built
1984
Property type
single_family
Stories
2
Beds
5
Baths
3
Living area
2,350 sqft
Lot size
74,052 sqft
ZIP code
27820
City
Conway
Street
Terrace Ln
Coordinates
36.43433, -77.23588
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,173
Gross rental yield
13.85%
Implied cap rate
9.00%
Trend-extrapolated value
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Frequently asked questions
When did 508 Terrace Ln last sell?
508 Terrace Ln most recently sold on Sep 1, 2022 for $275,000.
What is the current tax assessment for 508 Terrace Ln?
The most recent total assessment for 508 Terrace Ln (year 2025) is $187,069 with $1,914 in property tax.
How does 508 Terrace Ln's assessment compare to its last sale price?
The current assessment is 32.0% below the last sale price of $275,000.
When was 508 Terrace Ln built?
508 Terrace Ln was built in 1984.
How does 508 Terrace Ln compare to others on Terrace Ln?
We track 8 other properties on Terrace Ln. Browse the list under "Other properties on Terrace Ln" to compare beds, baths, and sale history.
What are the property facts for 508 Terrace Ln?
508 Terrace Ln is a 5 bed, 3 bath, 2,350 sqft, 74,052 sqft lot single_family.
Is 508 Terrace Ln a flip candidate?
No — 508 Terrace Ln does not appear in our flips dataset.
Is 508 Terrace Ln a tax-appeal candidate?
No — 508 Terrace Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+7.2%
Implied 1-yr
+28.7%
2025 Q1
$191.3K
2025 Q2
$196.2K
ZIP 27820 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Ln