40334 Merestead Way
New London, NC 28127
3 bd 2 ba 1,392 sqft Built 2018 Lot 40,075 sqft single_family
Most recent sale
$321,000
Nov 9, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 9, 2023 | Sold | $321,000 | CanopyMLS |
| Sep 20, 2023 | Listed | $325,000 | CanopyMLS |
| Apr 4, 2019 | Sold | $170,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $183,842 | $39,008 | $222,850 | $1,402 |
| 2023 | $145,854 | $19,504 | $165,358 | $1,229 |
| 2022 | $145,854 | $19,504 | $165,358 | $1,229 |
| 2021 | $145,854 | $19,504 | $165,358 | $1,227 |
| 2020 | $126,054 | $17,553 | $143,607 | $1,148 |
| 2019 | $86,977 | $17,553 | $104,530 | $863 |
| 2017 | — | $17,553 | $17,553 | $130 |
| 2016 | — | $24,380 | $24,380 | $181 |
| 2015 | — | $24,380 | $24,380 | $179 |
| 2014 | — | $24,380 | $24,380 | $181 |
| 2013 | — | $24,380 | $24,380 | $175 |
| 2012 | — | $18,529 | $18,529 | $133 |
| 2011 | — | $18,529 | $18,529 | $133 |
| 2010 | — | $18,529 | $18,529 | $133 |
| 2009 | — | $18,529 | $18,529 | $133 |
| 2008 | — | $18,529 | $18,529 | $133 |
| 2007 | — | $18,529 | $18,529 | $133 |
Property facts
Year built
2018
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,392 sqft
Lot size
40,075 sqft
ZIP code
28127
City
New London
Street
Merestead Way
Coordinates
35.44805, -80.17261
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
$1,879
Gross rental yield
7.02%
Implied cap rate
4.57%
Trend-extrapolated value
—
Frequently asked questions
When did 40334 Merestead Way last sell?
40334 Merestead Way most recently sold on Nov 9, 2023 for $321,000.
What is the current tax assessment for 40334 Merestead Way?
The most recent total assessment for 40334 Merestead Way (year 2025) is $222,850 with $1,402 in property tax.
How does 40334 Merestead Way's assessment compare to its last sale price?
The current assessment is 30.6% below the last sale price of $321,000.
When was 40334 Merestead Way built?
40334 Merestead Way was built in 2018.
How does 40334 Merestead Way compare to others on Merestead Way?
We track 5 other properties on Merestead Way. Browse the list under "Other properties on Merestead Way" to compare beds, baths, and sale history.
What are the property facts for 40334 Merestead Way?
40334 Merestead Way is a 3 bed, 2 bath, 1,392 sqft, 40,075 sqft lot single_family.
Is 40334 Merestead Way a flip candidate?
No — 40334 Merestead Way does not appear in our flips dataset.
Is 40334 Merestead Way a tax-appeal candidate?
No — 40334 Merestead Way 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
Explore nearby
Geography
Other properties on Merestead Way