NOT LISTED FOR SALE

1109 Gum Branch Rd Jacksonville, NC 28540

Estimated Value: $1,168,967

-- Bed
-- Bath
6,988 Sq Ft
$167/Sq Ft Est. Value

Last Sold August 04, 2017

Last sale price $600,000 $86 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $6,992/month

88 Days on Market

Highlights

  • No HOA
  • Central Air
  • Concrete Flooring

About This Home

As of August 2017

1109 Gum Branch Rd, this property is great for investors or someone looking to occupy part and lease out the rest. The building is 9000 sqft, approximately 5700 sqft is leased until 1/31/21, leaving 3300 sqft office/warehouse vacant. The back warehouse has 4 large 12*18 overhead doors, the office has a lobby, break-room area, 1 full bathroom, 1 half bathroom and 3 separate rooms for offices. Out back you have a large concrete parking area with fencing for added security. The property is located only minutes from the Hwy 17 by-pass and parkway. Call today for your VIP tour.

Last Agent to Sell the Property

William Sanders

William Sanders Realty License #232310 Listed on: 03/31/2017

Last Buyer's Agent

Matthew Ray

Ray Properties, INC License #266827

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,670

Year Built

  • Built in 1985

Lot Details

  • 1.03 Acre Lot
  • Property is zoned CC

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Steel Frame
  • Metal Roof

Interior Spaces

  • 6,988 Sq Ft Home
  • Concrete Flooring

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 442-6.38

Property Details

Property Type

Other

Est. Annual Taxes

$8,670

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Improved
  • Sub Type2: Retail, Warehouse
  • Cobra Zone: No
  • Construction: Metal Fab, Steel Frame
  • New Construction: No
  • Year Built: 1985
  • Definition: RE W/O Business
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • List Price per Sq Ft: 99.46
  • Sq Ft Heated: 6988.00
  • Sq Ft Apx Total: 9000.00

Exterior Features

  • Exterior Finish: Brick
  • Foundation: Slab
  • Road Type Frontage: 4+ Lanes
  • Roof: Metal
  • Road Trans Access Airport: 16+ Miles
  • Road Trans Access County Highway: Less than 5 Miles
  • Road Trans Access Interstate: 16+ Miles
  • Road Trans Access Port: 16+ Miles
  • Road Trans Access Rail: 16+ Miles
  • Road Trans Access State Highway: 6 - 10 Miles

Garage/Parking

  • Parking Driveway: On Site, Paved
  • Number Of Parking Spaces: 18

Utilities

  • Cooling System: Central, Office Only
  • Federal Flood Ins Avlbl: No
  • Heating System: Heat Pump
  • Utilities: City Water, Municipal Sewer

Association/Amenities

  • HOA: No

Lot Info

  • Deed Book: 3115
  • Deed Page: 668.00
  • Lot Acres: 1.03
  • Lot Dimensions: 144*297
  • Lot Sq Ft: 44867.00
  • Zoning: CC
  • Flood Zone: No

Tax Info

  • Tax Identifier: 442-6.38
  • Tax Year: 2016
  • Total Real Estate Property Taxes: 8670.00

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2017
Closed on
Aug 2, 2017
Sold by
Mep Properties Llc
Bought by
Sosa Investments Llc
Seller's Agent
William Sanders
William Sanders Realty
Buyer's Agent
Matthew Ray
Ray Properties, INC
List Price
$695,000
Sold Price
$600,000
Premium/Discount to List
-$95,000
-13.67%
Current Estimated Value
$1,168,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$568,967
Avg. Annual Appreciation
8.32%
Original Mortgage
$480,000
Outstanding Balance
$399,873
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$769,094

Purchase Details

Closed on
Aug 21, 2008
Sold by
Lanier Phoebe L and Lanier Barden
Bought by
Mep Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.32%
Mortgage Type
Construction
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
Sosa Investments Llc $600,000 None Available
Mep Properties Llc $550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sosa Investments Llc $480,000
Previous Owner Mep Properties Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2017 08/04/17 Sold $600,000 -13.7% $86 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $695,000 -- $99 / Sq Ft
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
2025 $10,111 $805,650 $291,640 $514,010
2024 $10,111 $805,650 $291,640 $514,010
2023 $10,111 $805,650 $291,640 $514,010
2022 $9,379 $747,330 $291,640 $455,690
2021 $7,931 $588,776 $291,640 $297,136
2020 $7,931 $588,776 $291,640 $297,136
2019 $7,931 $588,776 $291,640 $297,136
2018 $7,931 $588,776 $291,640 $297,136
2017 $8,670 $658,290 $291,640 $366,650
2016 $8,670 $658,290 $0 $0
2015 $8,670 $658,290 $0 $0
2014 $8,670 $658,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100056241

Hive MLS

APN: 034195