Google satellite image for 940 Payne Rd, Lexington, NC 27295

OFF MARKET

$509,525

•

2.5 ba

•

2,676

sq ft

940 Payne Rd, Lexington, NC 27295

About this home

940 Payne Rd is a 2,676 square foot house on a 4.24 acre lot with 3 bedrooms and 2.5 bathrooms. Based on Redfin's Lexington data, we estimate the home's value is $509,525.

Single-familyProperty Type

1992Year Built

4.24 acresLot Size

$190Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$509,525

$4,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 58.2% higher than the average sale price ($322K) of 6 comparable homes.

SOLD MAY 8, 2026
$330,000
A
3 beds2.5 baths2,392 sq ft
246 Laurel Ct, Winston Salem, NC 27127
SOLD AUG 5, 2026
$306,000
B
3 beds3 baths1,873 sq ft
160 Crossfield Ct, Lexington, NC 27295
SOLD AUG 7, 2026
$207,500
C
3 beds2.5 baths1,621 sq ft
148 Valley Hill Ln, Lexington, NC 27295
SOLD FEB 5, 2026
$289,000
D
3 beds2.5 baths2,250 sq ft
139 Creek Meadow Dr, Lexington, NC 27295
SOLD JAN 5, 2026
$480,000
E
3 beds3 baths2,712 sq ft
333 Chandler Dr, Lexington, NC 27295
SOLD MAY 4, 2026
$320,000
F
3 beds2.5 baths1,972 sq ft
6005 Hunters Ridge Ct, Lexington, NC 27295

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$478,194

Est. take-home

List your home with Redfin and save $5,095

Rent

$3,132/mo

Redfin rental estimate

List your home for rent

Market trends in 27295, NC

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

99.2%

+0.2% MoM

Median sale price

$347K

$2K MoM

Avg. days on market

46d

0 days MoM

Recently sold homes

197

16 MoM

New listings for sale

NEW 21 HRS AGO
$324,500
2 beds2 baths2,105 sq ft
989 Arvin Hill Ln, Lexington, NC 27295
$279,900
3 beds1.5 baths1,550 sq ft
117 Fox Ln, Lexington, NC 27295
OPEN SUN, 2PM TO 4PM
$375,000
3 beds2 baths1,328 sq ft
6131 Old Salisbury Rd, Linwood, NC 27299
$231,000
3 beds2 baths1,170 sq ft
226 Hill Dr, Lexington, NC 27295
$699,900
3 beds2.5 baths2,324 sq ft
381 Hunters Pt, Lexington, NC 27295
$427,500
4 beds2.5 baths2,211 sq ft
416 Pinnix Dr, Lexington, NC 27295
OPEN TODAY, 10AM TO 12PM
$579,000
3 beds2.5 baths2,744 sq ft
121 Reich Farm Ct, Lexington, NC 27295
$298,000
2 beds2 baths1,092 sq ft
6129 Ridge Rd, Lexington, NC 27295
3D WALKTHROUGH
$349,000
2 beds2 baths2,442 sq ft
100 Brandon Ct, Lexington, NC 27295
OPEN SUN, 2PM TO 4PM
$354,900
4 beds2.5 baths1,760 sq ft
260 Kyndall Run Dr, Lexington, NC 27295
See all

Provided by Redfin

Sale history for 940 Payne Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$2,497

$72,910 + $303,990

$376,900

2024

$2,499

$72,910 + $303,990

$376,900

2023

$2,500 (+3.4%)

$72,910 + $303,990

$376,900

2022

$2,418 (+0.2%)

$72,910 + $303,990

$376,900

2021

$2,413 (+13.8%)

$72,910 + $303,990

$376,900

2020

$2,121 (−1.5%)

$65,230 + $265,780

$331,010

2019

$2,154

$65,230 + $265,730

$330,960

2018

$2,155

$65,230 + $265,730

$330,960

2017

$2,156

$65,230 + $265,730

$330,960

2016

$2,156 (−3.4%)

$65,230 + $265,730

$330,960

2014

$2,233

$65,230 + $281,290

$346,520

Tax history for 940 Payne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,497

$72,910 + $303,990

$376,900

2024

$2,499

$72,910 + $303,990

$376,900

2023

$2,500 (+3.4%)

$72,910 + $303,990

$376,900

2022

$2,418 (+0.2%)

$72,910 + $303,990

$376,900

2021

$2,413 (+13.8%)

$72,910 + $303,990

$376,900

2020

$2,121 (−1.5%)

$65,230 + $265,780

$331,010

2019

$2,154

$65,230 + $265,730

$330,960

2018

$2,155

$65,230 + $265,730

$330,960

2017

$2,156

$65,230 + $265,730

$330,960

2016

$2,156 (−3.4%)

$65,230 + $265,730

$330,960

2014

$2,233

$65,230 + $281,290

$346,520

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

RA-3

Rural Agricultural District

The intent of these Rural Agricultural Districts is to provide for rural non-farm and farm operations, where soil types, topography, lot size and related factors are appropriate. Long term solutions to sanitary sewage disposal shall be individual septic tanks or equivalent methods. The mix of uses shall recognize that agricultural is an important land use in these districts. Mobile homes are permitted as single family dwellings on individual lots, subject to varying location controls.

Permitted uses

Include but are not limited to:

Equestrian facility
Community / recreation center
Day care facility
Housing-Single unit
Office
Public service
Educational/school
Golf related
Housing-Mobile home park
Park & open space

Property details

Interior

Basement Information
Basement Sq. Ft: 1,518
Basement Type: Unfinished

Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1

Heating & Cooling
Air Conditioning Type: Central
Heating Fuel Type: Electric
Heating Type: Heat Pump

Fireplace Information
# of Fireplaces: 4
Has Fireplace

Exterior

Exterior Information
Floor Construction Type: Plywood
Foundation Type: Continuous Footing
Building Construction Quality: Average
Exterior Wall: Brick
Roof Covering Type: Asphalt/Composition Shingle
Roof Shape Type: Irregular
Building Type: Residential

Pool Information
Pool Type: Vinyl
Has Pool

Property Information
Living Sq. Ft: 2,676
Ground Floor Sq. Ft: 1,448
Building Sq. Ft: 5,118
# of Stories: 1.5
Stories Type: 1 1/2
Legal Description: L35A BK833-55 PAYNE RD

Parking & Garage Information
Parking Type: Attached Finished Garage
Garage/Parking Sq. Ft: 2,660
Garage / Carport Type: Attached Finished

Lot Information
# of Buildings: 1
Land Sq. Ft: 184,694
Legal Lot Number: 35A
Municipality Name: ARCADIA
Acres: 4.24
Front Footage: 637
Zoning Code: RA3
County Use Description: SINGLE FAMILY RESIDENTIAL RURA

Financial

Assessor Information
Assessment Year: 2025
Tax District County: COUNTY WIDE
Tax Area: ARCADIA

Public facts

Beds: 3
Baths: 2.5
Sq. Ft.: 2,676
Stories: 1.5
Lot Size: 4.24 acres
Style: Single Family Residential
Year Built: 1992
Year Renovated: 1995
County: Davidson County
APN: 0301200000035A

Home facts updated by county records on Aug 26, 2026

Around this home

Schools

Northwest Elementary

Public PreK-5 • Assigned • 2.8mi

6/10

North Davidson Middle

Public 6-8 • Assigned • 2.1mi

9/10

North Davidson High

Public 9-12 • Assigned • 2.2mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 103° expected this year, 18 days in 30 years

4/10 Wind Factor

10% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Lexington, NC • 27295

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 5.2 hours in December, which is comparable to the U.S. average for solar exposure.

9.1 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$485,000 – $586,000

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Nearby similar homes

$699,000

4 beds3.5 baths3,195 sq ft

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$339,900

3 beds3 baths2,262 sq ft

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NEW CONSTRUCTION

$349,900

3 beds2.5 baths1,899 sq ft

2250 Hickory Tree Rd, Winston Salem, NC 27127

OPEN TODAY, 2PM TO 4PM

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4 beds3.5 baths2,768 sq ft

471 Yarrow Dr, Lexington, NC 27295

$645,000

3 beds4 baths2,890 sq ft

179 Pipers Ridge West, Winston Salem, NC 27127

NEW CONSTRUCTION

$299,900

3 beds2 baths1,329 sq ft

2222 Hickory Tree Rd, Winston Salem, NC 27127

New listings for sale in 27295

NEW 21 HRS AGO

$324,500

2 beds2 baths2,105 sq ft

989 Arvin Hill Ln, Lexington, NC 27295

$279,900

3 beds1.5 baths1,550 sq ft

117 Fox Ln, Lexington, NC 27295

OPEN SUN, 2PM TO 4PM

$375,000

3 beds2 baths1,328 sq ft

6131 Old Salisbury Rd, Linwood, NC 27299

$231,000

3 beds2 baths1,170 sq ft

226 Hill Dr, Lexington, NC 27295

$699,900

3 beds2.5 baths2,324 sq ft

381 Hunters Pt, Lexington, NC 27295

$427,500

4 beds2.5 baths2,211 sq ft

416 Pinnix Dr, Lexington, NC 27295

OPEN TODAY, 10AM TO 12PM3D WALKTHROUGH

$579,000

3 beds2.5 baths2,744 sq ft

121 Reich Farm Ct, Lexington, NC 27295

$298,000

2 beds2 baths1,092 sq ft

6129 Ridge Rd, Lexington, NC 27295

3D WALKTHROUGH

$349,000

2 beds2 baths2,442 sq ft

100 Brandon Ct, Lexington, NC 27295

Home values near 940 Payne Rd

Data from public records.

Address	Redfin Estimate
942 Payne Road, Lexington, NC 3 Beds \| 3.5 Baths \| 1956 Sq. Ft.	$377,065
939 Payne Road, Lexington, NC 3 Beds \| 2 Baths \| 1962 Sq. Ft.	$306,527

Address	Redfin Estimate
951 Payne Road, Lexington, NC 3 Beds \| 2 Baths \| 1064 Sq. Ft.	$217,113
1167 Payne Road, Lexington, NC 3 Beds \| 2 Baths \| 1644 Sq. Ft.	$355,498

Address	Redfin Estimate
863 Payne Road, Lexington, NC 3 Beds \| 3 Baths \| 2267 Sq. Ft.	$410,183
1011 Payne Road, Lexington, NC 3 Beds \| 1 Baths \| 1464 Sq. Ft.	$267,316

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 27295, NC

Sale history for 940 Payne Rd

Tax history for 940 Payne Rd

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 27295

Home values near 940 Payne Rd

More real estate resources