NOT LISTED FOR SALE

104 Lyman Ct Morganton, NC 28655

Estimated Value: $539,000 - $832,000

0.85 Acre
$799,182 Price per Acre
37,026 Sq Ft Lot

Last Sold May 02, 2023

Last sale price $247,000

Est. 175% increase in value since last sale

Current estimated payment $3,836/month

41 Days on Market

About This Lot

As of May 2023

Price Adjustment: Seller has taken part of the sq. footage from 313 W Union St to establish an opportunity for multi family with the back lots. Approx. Size: 146'x255' The property is located at one of the City of Morganton's gateways. W Union Street is a coveted location. The historic district, in which the property is located, features a variety of established older homes. This lot can be used separately but combined with the front lot (313 W. Union St PIN: 2703156576) would make a large footprint for an singular residential property or add two more additional lots on the (East side 101-103 Lyman Court Pin#2703158591,2703159443) to develop a multi-family project. The location is ideal for up and coming families who want close proximity to the city's downtown activities, schools and recreational opportunities.

Zoned MID-RRO..the highest and best use of the property is to combine it with the 3 additional lots and develop a much needed housing development in an upscale neighborhood.

Last Agent to Sell the Property

Wendy Cato

Berkshire Hathaway HomeServices Blue Ridge REALTORS® License #264115 Listed on: 03/11/2023

Berkshire Hathaway HomeServices Blue Ridge REALTORS®

Last Buyer's Agent

Matt Crotts

Nest Realty Morganton License #296868

Nest Realty Morganton

Property Details

Property Type

  • Land

Lot Details

  • Level Lot
  • Cleared Lot
  • Possible uses of the property include Development, Multi-Family, Residential
  • Property is zoned MID-RRO, MID

Schools

  • Mountain View Elementary School
  • Walter Johnson Middle School
  • Freedom High School

Listing and Financial Details

  • Assessor Parcel Number 2703157369

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Other - See Remarks
  • Special Assessment Yn: 0
  • Special Assessment Description: 0
  • Proposed Special Assessment Desc: 0
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Possible Use: Development, Multi-Family, Residential

Exterior Features

  • Other Structures: None
  • Foundation Details Proposed: N/A

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Public Sewer
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Walter Johnson
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Level
  • Lot Size Units: Acres
  • Parcel Number: 2703157369
  • Zoning: MID
  • Horse Amenities: None
  • ResoLotSizeUnits: Acres
  • Zoning Specification: MID-RRO

MLS Schools

  • Elementary School: Mountain View
  • High School: Freedom

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2024
Sold by
Moondance Holdings Llc and Mimosa Development Llc
Bought by
Lyman Morganton Llc
Current Estimated Value
$679,305

Purchase Details

Listed on
Mar 11, 2023
Closed on
Apr 29, 2023
Sold by
Solutio William F Andrews Des-F-I-F-G-Fn
Bought by
Moondance Holdings Llc and Mimosa Development Llc
Seller's Agent
Wendy Cato
Berkshire Hathaway HomeServices Blue Ridge REALTORS®
Buyer's Agent
Matt Crotts
Nest Realty Morganton
List Price
$72,500
Sold Price
$247,000
Premium/Discount to List
$174,500
240.69%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.86%
Source: Public Records
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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
Lyman Morganton Llc -- Chicago Title
Lyman Morganton Llc -- Chicago Title
Moondance Holdings Llc $485,000 None Listed On Document
Moondance Holdings Llc $485,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2023 05/02/23 Sold $247,000 -11.8% --
04/21/2023 04/21/23 Pending -- -- --
03/17/2023 03/17/23 Price Changed $280,000 +286.2% --
03/11/2023 03/11/23 For Sale $72,500 -- --
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 $3,832 $672,898 $14,500 $658,398
2024 $3,181 $672,898 $14,500 $658,398
2023 $81 $14,500 $14,500 $0
2022 $81 $11,600 $11,600 $0
2021 $81 $11,600 $11,600 $0
2019 $81 $11,600 $11,600 $0
2018 $81 $11,600 $11,600 $0
2017 $81 $11,600 $11,600 $0
2016 $79 $11,600 $11,600 $0
2015 $79 $11,600 $11,600 $0
2014 $79 $11,600 $11,600 $0
2013 $79 $11,600 $11,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4008400

Canopy MLS (Canopy Realtor® Association)

APN: 9142