NOT LISTED FOR SALE

113 S Gilmer St Mount Airy, NC 27030

Estimated Value: $200,000 - $327,000

-- Bed
-- Bath
-- Sq Ft
1.01 Acres

Last Sold June 06, 2024

Last sale price $205,000

Est. 19% increase in value since last sale

Current estimated payment $1,388/month

281 Days on Market

About This Home

As of June 2024

Attention investors, builders, and developers! This is a "shovel ready" fully designed, engineered, and permitted 11 unit apartment building upfit opportunity. Plans call for 9 one-bedroom units and 2 two-bedroom units. This property is nationally recognized as a historic building and has significant historic tax credit potential for the new owner. The historic tax credit application is in process. Sale includes all plans including survey, site plan, civil engineering, architecture, construction documents, interior design plans, and historic tax credit application. Excess land for parking lot is also included in the sale. Priced at less than $21,000 per unit to give the future owner an opportunity for plenty of upside in the deal.

Last Agent to Sell the Property

Andrew Balogh

eXp Realty LLC License #319667 Listed on: 07/05/2023

eXp Realty LLC

Last Buyer's Agent

NONMEMBER NONMEMBER

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $703

Year Built

  • Built in 1920

Lot Details

  • 1.01

Utilities

  • No Heating

Additional Features

  • Basement

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 502016940954
  • 1% Total Tax Rate

Property Details

Home Type

Apartment

Est. Annual Taxes

$703

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 1
  • Directions: Heading east on Pine Street, right on Gilmer St, building is on left.
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Basement YN: Yes

Exterior Features

  • Pool Features: None
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Deck, On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: None, No Fuel
  • Water Source: Public
  • TRIADMLS_HeatingFuel: No Fuel
  • Water Heater: None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 502016940954
  • Zoning: R6
  • TRIADMLS_DeedPage: 0641
  • TRIADMLS_DeedBook: 01793
  • TRIADMLS_PlatBook: 40-46

Tax Info

  • Tax Annual Amount: 703
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 0.658

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2024
Sold by
Buildmore Llc
Bought by
Mayberry Pros Llc
Current Estimated Value
$243,480

Purchase Details

Listed on
Jul 5, 2023
Closed on
Jun 3, 2024
Sold by
Bp Capital Partners Llc
Bought by
Buildmore Llc
Seller's Agent
Andrew Balogh
eXp Realty LLC
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$275,000
Sold Price
$205,000
Premium/Discount to List
-$70,000
-25.45%
Views
486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.63%
Original Mortgage
$161,500
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2023
Closed on
May 29, 2024
Sold by
Gilmer Street Investors Llc
Bought by
Bp Capital Partners Llc
Seller's Agent
Andrew Balogh
eXp Realty LLC
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$275,000
Sold Price
$205,000
Premium/Discount to List
-$70,000
-25.45%
Views
486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
7.17%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mayberry Pros Llc -- None Listed On Document
Mayberry Pros Llc -- None Listed On Document
Buildmore Llc $205,000 None Listed On Document
Buildmore Llc $205,000 None Listed On Document
Bp Capital Partners Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buildmore Llc $161,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2024 06/06/24 Sold $205,000 -8.9% --
04/12/2024 04/12/24 Pending -- -- --
02/20/2024 02/20/24 Price Changed $225,000 -18.2% --
07/05/2023 07/05/23 For Sale $275,000 -- --
Source: Triad 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 $1,092 $185,770 $38,890 $146,880
2023 $622 $112,690 $38,890 $73,800
2022 $715 $112,690 $38,890 $73,800
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Andrew Balogh

    eXp Realty LLC

    (336) 428-0230

    162 Total Sales

    Andrew Balogh
    Section Image

  • N

    Buyer's Agent in 2024

    NONMEMBER NONMEMBER

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Map

Source: Triad MLS

MLS Number: 1110434

Triad MLS

APN: 5020-16-94-0954

North Carolina Surry County Mount Airy 27030

113 S Gilmer St, Mount Airy, NC

This home is located at 113 S Gilmer St, Mount Airy, NC 27030 since 05 July 2023 and is currently estimated at $243,480. This property was built in 1920. 113 S Gilmer St is a home located in Surry County with nearby schools including Bruce H. Tharrington Elementary School, Mount Airy Middle School, and Mount Airy High School.

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