NOT LISTED FOR SALE

1207 W Main St Unit A/B Albemarle, NC 28001

Estimated Value: $169,147 - $231,000

3 Beds
2 Baths
1,660 Sq Ft
$122/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $150,000 $90 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,222/month

102 Days on Market

Highlights

  • Arts and Crafts Architecture
  • Wood Flooring
  • Corner Lot

About This Home

As of December 2021

Are you looking for a great investment opportunity? This duplex also offers a great location, convenient to Pfeiffer University & Stanly Community College. Unit A is 1 bed / 1 bath w/ 396 HLA. Electric Heat and Window Air unit (2018). Refrigerator and stove included, w/ washer & dryer hook ups. Unit B is 2 bed / 1 bath w/ 1264 HLA that includes New central HVAC gas pack (2020). Refrigerator, stove, washer & dryer included. Both units have beautiful hardwood floors. Electrical updated on both units in 2018. New steel entrance doors, new decking & railing at all entrances in 2020. Off street parking. Both units currently leased. Currently leased for $1295 per month.  A side rents for $495 and has 1 bedroom and 1 bath with window air and heat. B side rents for $800 and has 2 bedrooms and 1 bath w/ central AC and gas heat. With a little exterior TLC you could easily increase the rents. DO NOT DISTURB TENANTS. Will show by appointment only with Listing Agent present!

Last Agent to Sell the Property

Bob Tierney

Wilson Realty License #161843 Listed on: 07/26/2021

Last Buyer's Agent

Melinda Mesimer

Lantern Realty & Development, LLC License #298085

Lantern Realty & Development, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 0.32

Home Design

  • Duplex
  • Arts and Crafts Architecture
  • Asbestos Siding
  • Vinyl Siding

Flooring

  • Wood
  • Laminate
  • Tile

Additional Features

  • 2 Full Bathrooms
  • Crawl Space
  • Corner Lot
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable, electric heat, garbage pick-up
  • Rent includes exterior maintenance, sewer, water
  • Assessor Parcel Number 6538-04-84-7274

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Arts and Crafts
  • Ratio Close Price By List Price: 0.93751
  • Ratio Close Price By Original Li: 0.85763
  • Ratio Current Price By Acre: 468750.00
  • Ratio Current Price By Sq Ft: 90.36
  • Year Built: 1935
  • Property Features: Range/Oven, Refrigerator, W/D Connection
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Equipment: Electric Range, Refrigerator
  • Fireplace Description: Living Room
  • Flooring: Laminate Wood, Tile, Wood
  • Laundry Location: Main
  • Sq Ft Additional: 288
  • Total Sq Ft: 1660

Exterior Features

  • Construction: Asbestos, Brick Partial, Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth
  • Parking: Parking Space - 3

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified
  • Middle Or Junior School: Unspecified

Lot Info

  • Lot Dimension: 100'x140'
  • Lot Features: Corner Lot
  • Lot Size Area: 0.320
  • Parcel Number: 6538-04-84-7274
  • Plat Reference Section Pages: 1-125
  • Zoning Specification: R-10

Rental Info

  • Rent Includes: Exterior Maintenance, Sewer, Water
  • Tenant Pays: Cable, Electric Heat, Garbage Pick-up

Tax Info

  • Tax Value: 72399.00
  • Tax Location: Albemarle

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Dec 14, 2021
Sold by
Thielman Tracy W
Bought by
Burns Patrick James and Burns Katherine E
Seller's Agent
Bob Tierney
Wilson Realty
Buyer's Agent
Melinda Mesimer
Lantern Realty & Development, LLC
List Price
$174,900
Sold Price
$150,000
Premium/Discount to List
-$24,900
-14.24%
Current Estimated Value
$203,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,287
Avg. Annual Appreciation
8.31%

Purchase Details

Closed on
Jun 14, 2018
Sold by
Mclean Mark R
Bought by
Thielman Tracy W

Purchase Details

Closed on
Jan 1, 2010
Bought by
Mclean Mark R

Purchase Details

Closed on
Mar 12, 2007
Sold by
Huckabee Mk Lee and Huckabee Kimberly H
Bought by
Mclean Mark R
Source: Public Records

Range of Values:

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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
Burns Patrick James $150,000 None Listed On Document
Thielman Tracy W $70,000 None Available
Mclean Mark R -- --
Mclean Mark R $61,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $150,000 -6.2% $90 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
10/02/2021 10/02/21 Price Changed $159,999 0.0% $96 / Sq Ft
08/21/2021 08/21/21 Price Changed $160,000 -8.5% $96 / Sq Ft
07/26/2021 07/26/21 For Sale $174,900 -- $105 / 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 $1,674 $149,481 $21,825 $127,656
2024 $883 $72,399 $11,640 $60,759
2023 $883 $72,399 $11,640 $60,759
2022 $883 $72,399 $11,640 $60,759
2021 $883 $72,399 $11,640 $60,759
2020 $676 $52,122 $9,894 $42,228
2019 $683 $52,122 $9,894 $42,228
2018 $683 $52,122 $9,894 $42,228
2017 $657 $52,122 $9,894 $42,228
2016 $617 $48,946 $8,730 $40,216
2015 $623 $48,946 $8,730 $40,216
2014 $696 $48,946 $8,730 $40,216
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3766549

Canopy MLS (Canopy Realtor® Association)

APN: 6538-04-84-7274