NOT LISTED FOR SALE

101 N Correll St Landis, NC 28088

Estimated Value: $628,728

12 Beds
12 Baths
5,762 Sq Ft
$109/Sq Ft Est. Value

Last Sold September 06, 2013

Last sale price $310,000 $54 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $3,658/month

113 Days on Market

About This Home

As of September 2013

Excellent Rental History in Desirable Location. Great Investment. Well maintained and All Units are Occupied. New Roof and Windows in 2011. Just blocks away to adequate shopping, schools, employment, bank, post office, restaurants, and locally owned businesses in small downtown Home of Landis. 2 parking spaces per unit. Priced below tax value!

Last Agent to Sell the Property

Kandie Lambert

RE/MAX Leading Edge License #247953 Listed on: 02/19/2013

RE/MAX Leading Edge

Last Buyer's Agent

Kandie Lambert

RE/MAX Leading Edge License #247953 Listed on: 02/19/2013

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.43

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Insulated Windows

Flooring

  • Carpet
  • Vinyl

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes exterior maintenance
  • Assessor Parcel Number 109-151

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Ratio Close Price By List Price: 0.93968
  • Ratio Close Price By Original Li: 0.93968
  • Ratio Current Price By Acre: 720930.23
  • Ratio Current Price By Sq Ft: 53.80
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 6
  • Half Bathrooms: 6
  • Total Bathrooms: 12.00
  • Total Bedrooms: 12
  • Doors and Windows: Insulated Windows
  • Equipment: Ceiling Fan(s), Disposal, Dishwasher, Electric Dryer Hookup, Electric Range, Exhaust Fan, Ice Maker Connection, Refrigerator, Electric Oven
  • Flooring: Carpet, Vinyl
  • Laundry Location: Main
  • Total Sq Ft: 5762

Exterior Features

  • Construction: Brick Full

Garage/Parking

  • Driveway: Asphalt
  • Parking: Lot

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Lot Dimension: 142 x 132 x 142 x 133
  • Lot Size Units: Acres
  • Parcel Number: 109-151
  • Zoning Specification: R6

Rental Info

  • Rent Includes: Exterior Maintenance
  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 332139.00
  • Tax Location: Rowan

Multi Family

  • Unit Count: 4
  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2013
Closed on
Sep 6, 2013
Sold by
Barnes Charles K and Barnes Nancy O
Bought by
Old Towne Development Corp
Seller's Agent
Kandie Lambert
RE/MAX Leading Edge
Buyer's Agent
Kandie Lambert
RE/MAX Leading Edge
List Price
$329,900
Sold Price
$310,000
Premium/Discount to List
-$19,900
-6.03%
Current Estimated Value
$628,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,728
Avg. Annual Appreciation
5.97%
Original Mortgage
$248,000
Outstanding Balance
$184,405
Interest Rate
4.31%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$450,295
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Old Towne Development Corp $310,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Old Towne Development Corp $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2013 09/06/13 Sold $310,000 -6.0% $54 / Sq Ft
06/12/2013 06/12/13 Pending -- -- --
02/19/2013 02/19/13 For Sale $329,900 -- $57 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,443 $415,194 $56,000 $359,194
2024 $4,443 $415,194 $56,000 $359,194
2023 $4,443 $415,194 $56,000 $359,194
2022 $3,465 $291,818 $47,000 $244,818
2021 $3,465 $291,818 $47,000 $244,818
2020 $3,465 $291,818 $47,000 $244,818
2019 $3,465 $291,818 $47,000 $244,818
2018 $3,657 $311,297 $47,000 $264,297
2017 $3,503 $311,297 $47,000 $264,297
2016 $3,503 $311,297 $47,000 $264,297
2015 $3,557 $311,297 $47,000 $264,297
2014 $3,753 $332,139 $42,000 $290,139
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR2133801

Canopy MLS (Canopy Realtor® Association)

APN: 109-151