NOT LISTED FOR SALE

Estimated Value: $283,000 - $336,000

5 Beds
5 Baths
3,333 Sq Ft
$93/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $305,000 $92 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,946/month

12 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Bedroom Suite
  • No HOA
  • Fenced Yard

About This Home

As of May 2024

Exceptional investment opportunity: a distinctive property featuring 5 units in Downtown Elizabeth City. Conveniently situated within walking distance of downtown shops, boutiques, restaurants, breweries, and the waterfront. This property boasts a historically high occupancy rate, and detailed information, including existing leases and 5 years of rental history, is available upon request.Water/Sewer, natural gas, and lawn care responsibility of the landlord.

Last Buyer's Agent

gene tick

IBX Realty LLC License #306646

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,913

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 49x178x47x183
  • Fenced Yard
  • Chain Link Fence

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Kitchen

  • Gas Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Bedroom Suite
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Attic

  • Pull Down Stairs to Attic
  • Partially Finished Attic

Parking

  • Dirt Driveway
  • On-Site Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Sheep-Harney Elementary School
  • Elizabeth City Middle School
  • Pasquotank High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Gas Tank Leased
  • Propane
  • Fuel Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 891308786938

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,913

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Quadruplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Floored - Partial, Stairs - Pull Down
  • Basement: None
  • Fireplace: None
  • Interior Amenities: Apt/Suite
  • List Price per Sq Ft: 83.33
  • Total Bathrooms: 5.00
  • Number Bedrooms Total: 5

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Asbestos
  • Fencing: Back Yard, Chain Link
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Deck, Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No
  • Pool Spa: None

Garage/Parking

  • Garage And Parking: None
  • Parking Driveway: Dirt, On Site

Utilities

  • Appliances Equipment: Dishwasher, Disposal, Dryer, Refrigerator, Stove/Oven - Gas, Washer
  • Cooling System: Wall/Window Unit(s)
  • Fuel Tank: Gas, Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Heating System: Other-See Remarks
  • Service Providers Electric Provider: City of Elizabeth City
  • Service Providers Water Provider: City of Elizabeth City
  • Utilities: Municipal Sewer, Municipal Sewer Available, Municipal Water, Municipal Water Available, Natural Gas Available, Natural Gas Connected
  • HeatingSystemFuelSource: Natural Gas

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities
  • Property Mgmt Company: Yes

Lot Info

  • Deed Page: 503.00
  • Lot Acres: 0.20
  • Lot Dimensions: 49x178x47x183
  • Lot Sq Ft: 8712.00
  • Lot Water Features: None
  • Zoning: R-8

Tax Info

  • Tax Identifier: 891308786938
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 2912.83

Multi Family

  • Number Total Units: 4

MLS Schools

  • Elementary School: Sheep-Harney Elementary
  • High School: Pasquotank High School
  • Middle School: Elizabeth City Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2024
Closed on
Apr 18, 2024
Sold by
Affeldt Amanda L and Moilanen Nicholas P
Bought by
Vincent Holdings Llc
Buyer's Agent
gene tick
IBX Realty LLC
List Price
$275,000
Sold Price
$305,000
Premium/Discount to List
$30,000
10.91%
Views
55
Current Estimated Value
$310,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,934
Avg. Annual Appreciation
-1.14%
Original Mortgage
$244,000
Outstanding Balance
$240,796
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$59,632

Purchase Details

Listed on
Jun 7, 2020
Closed on
Dec 15, 2020
Sold by
Koenig Kathleen M
Bought by
Moilanen Nicholas R and Affeldt Amanda L
Seller's Agent
Anjela Wocel
A Better Way Realty, Inc.
Sold Price
$187,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.88%
Original Mortgage
$158,950
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 7, 2020
Closed on
Dec 9, 2020
Sold by
Koenig Kathleen M
Bought by
Moilanen Nicholas R and Affeldt Amanda L
Seller's Agent
Anjela Wocel
A Better Way Realty, Inc.
Sold Price
$187,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,950
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 2005
Sold by
Cameron Kelley Elizabeth and Wreggelsworth Kelly C
Bought by
Koenig Kathleen M
Source: Public Records

Range of Values:

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Average Value
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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
Vincent Holdings Llc $305,000 None Listed On Document
Moilanen Nicholas R $187,000 None Available
Moilanen Nicholas R $935,000 None Listed On Document
Koenig Kathleen M $155,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vincent Holdings Llc $244,000
Previous Owner Moilanen Nicholas R $158,950
Previous Owner Moilanen Nicholas R $158,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $305,000 +10.9% $92 / Sq Ft
03/09/2024 03/09/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $275,000 +47.1% $83 / Sq Ft
01/08/2021 01/08/21 Sold $187,000 0.0% $57 / Sq Ft
12/03/2020 12/03/20 Off Market $187,000 -- --
Source: Hive MLS

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
2024 $3,023 $176,700 $0 $0
2023 $3,038 $176,700 $0 $0
2022 $3,023 $176,700 $0 $0
2021 $2,913 $133,300 $0 $0
2020 $2,816 $133,300 $0 $0
2019 $2,816 $133,300 $24,700 $108,600
2018 $2,838 $133,300 $0 $0
2017 $2,899 $133,300 $0 $0
2016 $2,894 $133,300 $0 $0
2014 -- $133,300 $24,700 $108,600
2013 -- $161,900 $40,700 $121,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100429534

Hive MLS

APN: 891308786938