NOT LISTED FOR SALE

120 Alexander Ln Shelby, NC 28150

Shelby Area

Estimated Value: $144,000 - $584,248

Studio
-- Baths
1,536 Sq Ft
$265/Sq Ft Est. Value

Sale Details

Date Sold: June 8, 2023

Last sale price $480,000 $312 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $2,394 / mo

2 Days on Market

Highlights

  • Ranch Style House
  • More Than Two Accessible Exits
  • Carpet
  • Living Room
  • Central Heating and Cooling System

About This Home

As of June 2023

Amazing investment opportunity. 4 apartments & 5 singlewide mobile homes. All currently rented. All four apartments rented for $500 each per month. All five mobile homes rented for $450 each per month. All renters would like to stay. Currently zoned for mobile home park. Has at least 3 more spaces and maybe more that more mobile homes could be added. 5.5 acres

Last Agent to Sell the Property

Tommy Wilson

Clay & Associates Real Estate License #185826 Listed on: 03/20/2023

Last Buyer's Agent

Tommy Wilson

Clay & Associates Real Estate License #185826 Listed on: 03/20/2023

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 5.5

Home Design

  • Ranch Style House
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,536 Sq Ft Home
  • Living Room
  • Electric Range
  • Washer and Electric Dryer Hookup

Flooring

  • Carpet
  • Linoleum

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • Stony Point Cove Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for - see remarks
  • Assessor Parcel Number 16492

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

5.5 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Eightplex
  • Architectural Style: Ranch
  • Year Built: 1991
  • Restrictions: Manufactured Home Allowed
  • Road Surface Type: Gravel
  • ResoPropertyType: ResidentialIncome
  • Property Sub Type Additional: Other
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Carpet, Linoleum
  • Room Other: Primary Bedroom,Bedroom(s),Kitchen,Living Room
  • Appliances: Electric Range, Refrigerator
  • Owner Pays: Other - See Remarks
  • Accessibility Features: Two or More Access Exits
  • Basement YN: No
  • Living Area: 1536

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Manufactured
  • Construction Type: Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Central
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 16492
  • ResoLotSizeUnits: Acres
  • Zoning Specification: AA0

Rental Info

  • Tenant Pays: Electricity
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 9

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
Jun 8, 2023
Sold by
Johnson & Tindall Properties Llc
Bought by
Seller's Agent
Tommy Wilson
Clay & Associates Real Estate
Buyer's Agent
Tommy Wilson
Clay & Associates Real Estate
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%
Views
18
Current Estimated Value
$407,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$72,938
Avg. Annual Appreciation
-4.99%
Original Mortgage
$200,000
Outstanding Balance
$192,744
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$214,318
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Shelby, NC

  • Kandi Lowe Real Estate Agent - Realty One Group Revolution

    Kandi Lowe

    Realty One Group Revolution

    (980) 890-6894

    128 Total Sales

    1 in Shelby

    $61,500 Price

    Kandi Lowe
     Section Image
  • Vickie Spurling Real Estate Agent - Vickie Spurling Realty Inc

    Vickie Spurling

    Vickie Spurling Realty Inc

    (980) 552-8671

    285 Total Sales

    46 in Shelby

    $30K - $650K Price Range

    Vickie Spurling
     Section Image
  • Donna Collier Real Estate Agent - Carolina Homes Connection, LLC

    Donna Collier

    Responds Quickly

    Carolina Homes Connection, LLC

    (980) 352-1923

    183 Total Sales

    2 in Shelby

    $195K - $422K Price Range

    Donna Collier
     Section Image
  • Carolina Flores Real Estate Agent - Granite Real Estate Investments, LLC

    Carolina Flores

    Granite Real Estate Investments, LLC

    (704) 727-4855

    70 Total Sales

    9 in Shelby

    $152K - $360K Price Range

    Carolina Flores
     Section Image
  • John Somjak Real Estate Agent - Realty One Group Revolution

    John Somjak

    Realty One Group Revolution

    (980) 446-1917

    75 Total Sales

    1 in Shelby

    $352,500 Price

    John Somjak
     Section Image
  • Andy Reynolds Real Estate Agent - Keller Williams Connected

    Andy Reynolds

    Keller Williams Connected

    (980) 890-4424

    158 Total Sales

    1 in Shelby

    $615,000 Price

    Andy Reynolds
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$300,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/08/2023 06/08/23 Sold $480,000 -3.0% $313 / Sq Ft
03/20/2023 03/20/23 For Sale $495,000 -- $322 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,905 $300,028 $23,800 $276,228
2025 $1,905 $300,028 $23,800 $276,228
2024 $1,926 $201,800 $16,660 $185,140
2023 $2,685 $262,320 $43,190 $219,130
2022 $2,740 $262,320 $43,190 $219,130
2021 $2,735 $262,320 $43,190 $219,130
2020 $2,491 $233,389 $49,360 $184,029
2019 $2,491 $233,389 $49,360 $184,029
2018 $2,556 $233,389 $49,360 $184,029
2017 $2,447 $233,389 $49,360 $184,029
2016 $2,315 $233,389 $49,360 $184,029
2015 $2,577 $261,004 $49,360 $211,644
2014 $2,533 $261,004 $49,360 $211,644
Source: Public Records

Agents Affiliated with this Home

  • Tommy Wilson Real Estate Agent - Clay & Associates Real Estate

    Seller's Agent in 2023

    Tommy Wilson

    Clay & Associates Real Estate

    (704) 418-1251

    76 Total Sales

    Tommy Wilson
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Map

Source: Canopy MLS

MLS Number: 4012796

Canopy MLS

APN: 16492

North Carolina Cleveland County Shelby 28150

120 Alexander Ln, Shelby, 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.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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