240 Merrells Lake Rd
Mocksville, NC 27028
3 bd 1 ba 1,470 sqft Built 1959 Lot 43,560 sqft single_family
Most recent sale
$215,000
Aug 26, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 26, 2022 | Sold | $215,000 | MLS #1070408 |
| Jul 9, 2022 | Price changed | $215,000 | MLS #1070408 |
| Jun 30, 2022 | Price changed | $223,900 | MLS #1070408 |
| Jun 10, 2022 | Price changed | $229,000 | MLS #1070408 |
| Jun 2, 2022 | Price changed | $234,000 | MLS #1070408 |
| May 20, 2022 | Listed | $239,900 | MLS #1070408 |
| Jul 26, 2017 | Listing removed | $136,900 | TriadMLS |
| Mar 1, 2017 | Sold | $375,000 | Public Record |
| Oct 20, 2016 | Relisted | $136,900 | MLS #788325 |
| Oct 15, 2016 | Listing removed | $850 | TriadMLS |
| Oct 3, 2016 | Price changed for rent | $850 | TriadMLS |
| Oct 1, 2016 | Listing removed | $135,000 | TriadMLS |
| Sep 27, 2016 | Relisted | $135,000 | MLS #788325 |
| Sep 25, 2016 | Listing removed | $135,000 | TriadMLS |
| Aug 23, 2016 | Listed for rent | $900 | TriadMLS |
| Mar 24, 2016 | Listed | $135,000 | MLS #788325 |
| Sep 18, 2015 | Listing removed | $599,900 | TriadMLS |
| Feb 19, 2013 | Listing removed | $119,900 | TriadMLS |
| Jan 23, 2013 | Price changed | $119,900 | MLS #657930 |
| Jan 9, 2013 | Price changed | $124,500 | MLS #657930 |
| Nov 1, 2012 | Listed | $138,900 | MLS #657930 |
| Sep 7, 2012 | Price changed | $599,900 | MLS #592508 |
| Sep 17, 2010 | Listed | $649,900 | MLS #592508 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | $330,800 | $330,800 | $445 |
| 2023 | — | $266,890 | $266,890 | $499 |
| 2022 | — | $266,890 | $266,890 | $499 |
| 2021 | — | $266,890 | $266,890 | $499 |
| 2020 | — | $266,890 | $266,890 | $461 |
| 2019 | — | $266,890 | $266,890 | $461 |
| 2018 | — | $266,890 | $266,890 | $461 |
| 2017 | — | $266,890 | $266,890 | $457 |
| 2016 | — | $266,890 | $266,890 | $457 |
| 2015 | — | $266,890 | $266,890 | $457 |
| 2014 | — | $266,890 | $266,890 | $393 |
| 2013 | — | — | $59,560 | $393 |
| 2012 | — | $266,890 | $266,890 | $295 |
| 2011 | — | $266,890 | $266,890 | $295 |
| 2008 | — | $692,650 | $692,650 | $882 |
Property facts
Year built
1959
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,470 sqft
Lot size
43,560 sqft
ZIP code
27028
City
Mocksville
Street
Merrells Lake Rd
Coordinates
35.89456, -80.45784
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,985
Gross rental yield
11.08%
Implied cap rate
7.20%
Trend-extrapolated value
—
Frequently asked questions
When did 240 Merrells Lake Rd last sell?
240 Merrells Lake Rd most recently sold on Aug 26, 2022 for $215,000.
What is the current tax assessment for 240 Merrells Lake Rd?
The most recent total assessment for 240 Merrells Lake Rd (year 2025) is $330,800 with $445 in property tax.
How does 240 Merrells Lake Rd's assessment compare to its last sale price?
The current assessment is 53.9% above the last sale price of $215,000.
When was 240 Merrells Lake Rd built?
240 Merrells Lake Rd was built in 1959.
How does 240 Merrells Lake Rd compare to others on Merrells Lake Rd?
We track 8 other properties on Merrells Lake Rd. Browse the list under "Other properties on Merrells Lake Rd" to compare beds, baths, and sale history.
What are the property facts for 240 Merrells Lake Rd?
240 Merrells Lake Rd is a 3 bed, 1 bath, 1,470 sqft, 43,560 sqft lot single_family.
Is 240 Merrells Lake Rd a flip candidate?
No — 240 Merrells Lake Rd does not appear in our flips dataset.
Is 240 Merrells Lake Rd a tax-appeal candidate?
Yes — 240 Merrells Lake Rd appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.1%
Implied 1-yr
-0.5%
2026 Q3
$283.8K
2026 Q4
$283.5K
ZIP 27028 — Median Price History + Forecast
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