40420 Martin Rd
New London, NC 28127
2 bd 1 ba 688 sqft Built 1921 Lot 7,500 sqft single_family
Most recent sale
$13,500
Mar 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 26, 2024 | Sold | $136,000 | Public Record |
| Mar 2, 2022 | Sold | $13,500 | MLS #3816774 |
| Dec 30, 2021 | Listed | $30,000 | MLS #3816774 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $73,588 | $9,000 | $82,588 | $586 |
| 2023 | $996 | $4,800 | $5,796 | $40 |
| 2022 | $996 | $4,800 | $5,796 | $137 |
| 2021 | $996 | $4,800 | $5,796 | $135 |
| 2020 | $860 | $4,200 | $5,060 | $127 |
| 2019 | $860 | $4,200 | $5,060 | $123 |
| 2018 | $860 | $4,200 | $5,060 | $117 |
| 2017 | $860 | $4,200 | $5,060 | $38 |
| 2016 | $810 | $3,900 | $4,710 | $35 |
| 2015 | $810 | $3,900 | $4,710 | $104 |
| 2014 | $12,949 | $3,900 | $16,849 | $126 |
| 2013 | $12,949 | $3,900 | $16,849 | $126 |
| 2012 | $16,984 | $3,000 | $19,984 | $217 |
| 2011 | $16,984 | $3,000 | $19,984 | $217 |
| 2010 | $16,984 | $3,000 | $19,984 | $216 |
| 2009 | $16,984 | $3,000 | $19,984 | $215 |
| 2008 | $16,984 | $3,000 | $19,984 | $212 |
| 2007 | $16,984 | $3,000 | $19,984 | $203 |
Property facts
Year built
1921
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
688 sqft
Lot size
7,500 sqft
ZIP code
28127
City
New London
Street
Martin Rd
Coordinates
35.42647, -80.13301
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$81
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 40420 Martin Rd last sell?
40420 Martin Rd most recently sold on Mar 2, 2022 for $13,500.
What is the current tax assessment for 40420 Martin Rd?
The most recent total assessment for 40420 Martin Rd (year 2025) is $82,588 with $586 in property tax.
How does 40420 Martin Rd's assessment compare to its last sale price?
The current assessment is 511.8% above the last sale price of $13,500.
When was 40420 Martin Rd built?
40420 Martin Rd was built in 1921.
How does 40420 Martin Rd compare to others on Martin Rd?
We do not currently track other properties on Martin Rd.
What are the property facts for 40420 Martin Rd?
40420 Martin Rd is a 2 bed, 1 bath, 688 sqft, 7,500 sqft lot single_family.
Is 40420 Martin Rd a flip candidate?
No — 40420 Martin Rd does not appear in our flips dataset.
Is 40420 Martin Rd a tax-appeal candidate?
No — 40420 Martin Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.8%
Implied 1-yr
+7.3%
2026 Q3
$349.2K
2026 Q4
$354.9K
ZIP 28127 — Median Price History + Forecast
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Geography