NOT LISTED FOR SALE

1110 Arbor Dr China Grove, NC 28023

Estimated Value: $1,020,379

Studio
-- Bath
5,880 Sq Ft
$174/Sq Ft Est. Value

Sale Details

Date Sold: April 20, 2022

Last sale price $780,000 $133 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,945 / mo

33 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Tile Flooring
  • Patio
  • Laundry Room
  • Ceiling Fan

About This Home

As of April 2022

ATTN INVESTORS: Looking for steady rental income in a great location of China Grove...look no more! This sixplex is conveniently located near I-85, local restaurants and in a well established neighborhood. All apts. are presently occupied and listing agent has a rent roll available to show all interested investors.
The apts. have been well maintained over the years by existing owners with little turnover! All heat pumps were replaced within the past 9-10 years...not they're not new but have a lot of good years left in them. Tenants pay their own utilities - owner is NOT responsible for ANY UTILITIES. These apts have proven to be a great investment for existing owners as they've owned them since 1983! The roof is only approx 2 years old which is a great paid expense to not have to worry about for many years to come. CITY WATER/SEWER is a plus; exterior is made up of partial brick and vinyl. DON'T miss out on this investment!!! NEW ROOF in 2020!!

Last Agent to Sell the Property

Robin Patterson

Roby Realty Inc License #303254 Listed on: 11/27/2021

Roby Realty Inc

Last Buyer's Agent

John Fitzpatrick

EXP Realty LLC Ballantyne License #302236

EXP Realty LLC Ballantyne

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.6

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 5,880 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Area

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Parking

  • 12 Parking Spaces
  • Driveway
  • Parking Lot

Utilities

  • Heat Pump System
  • Cable TV Available

Additional Features

  • Patio
  • Level Lot

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for cable TV, electric heat, electricity, water, all utilities
  • Assessor Parcel Number 114288

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0.6 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Traditional
  • Year Built: 1978
  • Ratio Current Price By Acre: 1733333.33
  • Special Assessment Yn: 0
  • Road Surface Type: Asphalt
  • Structure Type: Sixplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Slab, Slab
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Fixture Exception Yn: 0
  • Porch: Patio
  • Room Other: Bathroom(s),Bedroom(s),Dining Area,Kitchen,Living Room,Primary Bedroom
  • Appliances: Cable Prewire, Ceiling Fan(s), Electric Cooktop, Dishwasher, Electric Oven, Electric Dryer Hookup, Electric Range, Exhaust Hood, Network Ready, Oven, Refrigerator
  • Living Area: 5880
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 930
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 930
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 930
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 930
  • Half Bathrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 930
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 930
  • Half Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • New Construction: No
  • Construction Status: Complete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Property Features: Cable Available,Dishwasher,Porch/Patio,Range/Oven,Refrigerator,W/D Connection
  • Construction Type: Brick Partial, Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 12
  • Main Level Garage YN: 0
  • Parking Features: Driveway, Parking Lot

Utilities

  • Heating: Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 114288
  • Lot Size: .45ac/.22 ac
  • Zoning Description: RM

Rental Info

  • Rent Includes: None
  • Tenant Pays: Cable TV, Electric Heat, Electricity, Water, All Utilities
  • Pets Allowed: No

Tax Info

  • RATIO List Price By Tax Amount: 142.42424

Multi Family

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

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2023
Sold by
Deveau James W and Deveau Diane W
Bought by
Carmona Victor A
Current Estimated Value
$1,020,379

Purchase Details

Closed on
May 4, 2023
Sold by
1110 Arbor Drive Llc
Bought by
Secure Inc

Purchase Details

Listed on
Nov 27, 2021
Closed on
Apr 19, 2022
Sold by
Huffman Mark S and Huffman Karen L
Bought by
1110 Arbor Drive Llc
Seller's Agent
Robin Patterson
Roby Realty Inc
Buyer's Agent
John Fitzpatrick
EXP Realty LLC Ballantyne
List Price
$799,000
Sold Price
$780,000
Premium/Discount to List
-$19,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$585,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 1991
Bought by
Huffman Mark S and Huffman Wf
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Carmona Victor A $475,000 None Listed On Document
Carmona Victor A $475,000 None Listed On Document
Secure Inc $910,000 None Listed On Document
1110 Arbor Drive Llc $780,000 None Listed On Document
Huffman Mark S $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1110 Arbor Drive Llc $585,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Sold $780,000 -2.4% $133 / Sq Ft
12/30/2021 12/30/21 Pending -- -- --
11/27/2021 11/27/21 For Sale $799,000 -- $136 / Sq Ft
Source: Canopy MLS

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 $5,973 $553,031 $30,000 $523,031
2024 $5,973 $553,031 $30,000 $523,031
2023 $5,973 $553,031 $30,000 $523,031
2022 $2,313 $190,020 $22,500 $167,520
2021 $2,275 $190,020 $22,500 $167,520
2020 $2,275 $190,020 $22,500 $167,520
2019 $2,275 $190,020 $22,500 $167,520
2018 $2,422 $197,889 $22,500 $175,389
2017 $2,422 $197,889 $22,500 $175,389
2016 $2,422 $197,889 $22,500 $175,389
2015 $2,459 $197,889 $22,500 $175,389
2014 $2,653 $219,289 $22,500 $196,789
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 3798804

Canopy MLS

APN: 114-C211

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