NOT LISTED FOR SALE

114 Chestnut St Shelby, NC 28150

Estimated Value: $204,000 - $313,000

27 Beds
12 Baths
1,594 Sq Ft
$152/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $523,500 $328 Per Sq Ft

Current estimated payment $1,347/month

122 Days on Market

About This Home

As of October 2022

***Rental Portfolio for sale**** -- Initial portfolio listed with 19 homes has been changed and sold individually and in groups. Current listing reflects 11 home package from initial portfolio. Rare and unique opportunity to own a collection of 19 (3 of which are duplexes) homes throughout Shelby where the possibilities on what to do with them are endless. All properties have current and/or past rental rates shown and are priced below market value, with significant room to expand on that with some upgrading and TLC. 6 of the properties are currently being rented so please do not disturb tenants. All units are being sold "as is" and sellers will not make any repairs.

Last Agent to Sell the Property

Brett Wease

Jolly Realty Group LLC License #321375 Listed on: 06/06/2022

Co-Listed By

Susie Wease

Premier South License #321001

Last Buyer's Agent

Terell Culpepper

Lifestyle International Realty License #306942

Lifestyle International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $314

Year Built

  • Built in 1938

Lot Details

  • 9,148

Parking

  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,594 Sq Ft Home
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 27 Bedrooms
  • 12 Full Bathrooms

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 18621

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$314

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Other
  • Year Built: 1938
  • Ratio Current Price By Acre: 2492857.14
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Sq Ft Unheated Basement: 0
  • Appliances: None
  • Full Bathrooms: 12
  • Total Bedrooms: 27
  • Living Area: 1594
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Sq Ft: 892
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Total Sq Ft: 1374
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Total Sq Ft: 1044
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 1504
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Total Sq Ft: 1088
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 952
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 840
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 1108
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 1180
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Total Sq Ft: 1120

Exterior Features

  • New Construction: No
  • Tax Location: Shelby
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Driveway

Utilities

  • Heating: None
  • Sewer: Public Sewer
  • Water Heater: None
  • 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 Size Area: 0.21
  • Lot Size Units: Acres
  • Parcel Number: 18621
  • Additional Parcels Description: 22514, 18243, 20521, 53671, 18670, 22483, 19951, 73665, 18879, 18945
  • Zoning Description: R-6
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: See Remarks
  • Tenant Pays: Other
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 23.86379

Multi Family

  • Number Of Units Total: 11
  • Unit Count: 10

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2023
Sold by
Juhu Mountain Trust
Bought by
114 Chestnut Street Llc
Current Estimated Value
$242,434

Purchase Details

Listed on
Jun 6, 2022
Closed on
Oct 27, 2022
Sold by
Journey Investment Group Llc
Bought by
Juhu Mountain Trust
Seller's Agent
Brett Wease
Jolly Realty Group LLC
Buyer's Agent
Terell Culpepper
Lifestyle International Realty
List Price
$523,500
Sold Price
$523,500
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-24.07%
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
114 Chestnut Street Llc $213,500 None Listed On Document
114 Chestnut Street Llc $213,500 None Listed On Document
Juhu Mountain Trust $620,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $523,500 0.0% $328 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
10/06/2022 10/06/22 For Sale $523,500 0.0% $328 / Sq Ft
09/19/2022 09/19/22 Off Market $523,500 -- --
07/27/2022 07/27/22 Price Changed $953,000 -2.6% $598 / Sq Ft
06/06/2022 06/06/22 For Sale $978,000 +150.8% $614 / Sq Ft
07/14/2020 07/14/20 Sold $390,000 -22.0% $16 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/13/2020 06/13/20 For Sale $500,000 0.0% $21 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $500,000 -- $21 / Sq Ft
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 $314 $136,749 $10,575 $126,174
2024 $314 $21,937 $7,050 $14,887
2023 $314 $21,937 $7,050 $14,887
2022 $313 $21,937 $7,050 $14,887
2021 $314 $21,937 $7,050 $14,887
2020 $268 $18,010 $3,172 $14,838
2019 $268 $18,010 $3,172 $14,838
2018 $265 $18,010 $3,172 $14,838
2017 $260 $18,010 $3,172 $14,838
2016 $256 $18,010 $3,172 $14,838
2015 $298 $22,544 $3,525 $19,019
2014 $298 $22,544 $3,525 $19,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3867418

Canopy MLS (Canopy Realtor® Association)

APN: 18621