NOT LISTED FOR SALE

118 Main St SW Lenoir, NC 28645

Estimated Value: $252,216

0.1 Acre
$2,522,160 Price per Acre
4,356 Sq Ft Lot

Last Sold August 10, 2021

Last sale price $168,000 $25 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,372/month

Highlights

  • No HOA
  • Cooling Available
  • Forced Air Heating System

About This Lot

As of August 2021

One of the first buildings in downtown Lenoir. Road frontage on Main and Mulberry for maximum exposure. Plus central business B-3 zoning. Excellent opportunity for an investor to create a multi-use building on the main thoroughfare in a town on the cusp of its Renaissance. The building has the classic charm of days gone by, with modern upgrades and the ability for more to come. On street parking, plus convenient municipal lots. Convenient to restaurants and downtown shops. This is not a diamond in the rough, this is the jewel waiting to be set in the crown of the new and amazing downtown Lenoir.
Main floor hosts book store, bathroom and entry to the basement on the right side. First floor, left side, hosts three commercial spaces - 2 being used by the law firm and the third as the salon (external entry to salon off Mulberry). Upstairs hosts 5 commercial/potential residential spaces. Unit facing Main St and neighboring unit are vacant. Bathroom upstairs, as well.

Last Agent to Sell the Property

Kaitlin Crawford

Berkshire Hathaway HomeServices Blue Ridge REALTOR Listed on: 03/08/2021

Berkshire Hathaway HomeServices Blue Ridge REALTOR

Co-Listed By

Bill Aceto

Blue Ridge Realty & Inv. Boone

Last Buyer's Agent

NONMLS MEMBER

NONMLS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $537

Year Built

  • Built in 1898

Lot Details

  • 4,356 Sq Ft Lot
  • Zoning described as Business/Comm

Home Design

  • 6,813 Sq Ft Home
  • Brick Exterior Construction
  • Stucco Exterior

Parking

  • Gravel Driveway
  • On-Street Parking

Schools

  • Outside Of Area Elementary School

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 09-1-6-6

Property Details

Property Type

Land

Est. Annual Taxes

$537

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Sub Type: Building/Land
  • Prop. Type: Commercial Sale
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • Co List Office Phone: (828) 737-3100
  • Subdivision Name: None
  • Year Built: 1898
  • Special Features: None

Exterior Features

  • Construction Type: Brick, Other, See Remarks, Stucco
  • Roof: Other, See Remarks

Garage/Parking

  • Parking Features: Gravel, On Street

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Outside of Area
  • High School: Out of Area

Lot Info

  • Parcel #: 09-1-6-6
  • Zoning Description: Business/Comm
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 537.0
  • Tax Book Number: 1845/1704

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Aug 9, 2021
Sold by
Gideon Properties Llc
Bought by
Lenoir First Llc
Seller's Agent
Kaitlin Crawford
Berkshire Hathaway HomeServices Blue Ridge REALTOR
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$168,000
Sold Price
$168,000
Current Estimated Value
$252,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,216
Avg. Annual Appreciation
10.11%
Original Mortgage
$126,000
Outstanding Balance
$114,744
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$137,472

Purchase Details

Closed on
Aug 24, 2011
Sold by
Bank Of Granite
Bought by
Campbell Howard E and Campbell Carolyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,250
Interest Rate
4.54%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 12, 2002
Sold by
Equity Holdings Corp
Bought by
Teeters Pamela K

Purchase Details

Closed on
Dec 13, 2001
Bought by
Equity Holdings Corp

Purchase Details

Closed on
Jul 1, 1995
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
Lenoir First Llc $168,000 None Available
Campbell Howard E $65,000 None Available
Teeters Pamela K $94,000 --
Equity Holdings Corp $70,000 --
-- $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lenoir First Llc $126,000
Previous Owner Campbell Howard E $68,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2021 08/10/21 Sold $168,000 0.0% $25 / Sq Ft
07/11/2021 07/11/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $168,000 -- $25 / Sq Ft
Source: High Country Association of REALTORS®

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 $621 $98,000 $26,700 $71,300
2024 $621 $98,600 $24,300 $74,300
2023 $621 $98,600 $24,300 $74,300
2022 $1,376 $98,600 $24,300 $74,300
2021 $1,376 $98,600 $24,300 $74,300
2020 $537 $85,200 $24,300 $60,900
2019 $537 $85,200 $24,300 $60,900
2018 $1,038 $85,200 $0 $0
2017 $1,038 $85,200 $0 $0
2016 $544 $85,200 $0 $0
2015 $1,226 $85,200 $0 $0
2014 $1,226 $85,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kaitlin Crawford

    Berkshire Hathaway HomeServices Blue Ridge REALTOR

    (828) 493-1134

    32 in this area

    52 Total Sales

    Kaitlin Crawford
    Section Image
  • Bill Aceto

    Seller Co-Listing Agent in 2021

    Bill Aceto

    Blue Ridge Realty & Inv. Boone

    (828) 355-3311

    6 in this area

    233 Total Sales

    Bill Aceto
    Section Image

  • N

    Buyer's Agent in 2021

    NONMLS MEMBER

    NONMLS

    182 in this area

    2,425 Total Sales

    NONMLS MEMBER
    Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 228761

High Country Association of REALTORS®

APN: 09-1-6-6

North Carolina Caldwell County Lenoir 28645

118 Main St SW, Lenoir, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

High Country Association of REALTORS® IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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