NOT LISTED FOR SALE

1216 Beale St Albemarle, NC 28001

Estimated Value: $55,000 - $209,000

2 Beds
2 Baths
1,224 Sq Ft
$105/Sq Ft Est. Value

Sale Details

Date Sold: January 12, 2023

Last sale price $51,000 $42 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $771 / mo

62 Days on Market

About This Home

As of January 2023

**Multi-family Duplex Investor Opportunity** Great project to BRRR, Renovate and Improve, or an addition to your residency portfolio. Both units need a little TLC and can be ready for rent, New Roof 2022.

Last Agent to Sell the Property

Alex Lopez

Verge LLC License #294105 Listed on: 11/11/2022

Last Buyer's Agent

Jeremy Honeycutt

Prospect Property LLC License #287480

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.28

Home Design

  • Duplex

Interior Spaces

  • 1,224 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • On-Street Parking

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6548-04-83-1062

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1950
  • Ratio Current Price By Acre: 182142.86
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Fixture Exception Yn: 0
  • Appliances: Other, None
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1224
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Total Sq Ft: 612
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Total Sq Ft: 612

Exterior Features

  • New Construction: No
  • Construction Status: Complete
  • Tax Location: Albemarle
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Other

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway, On Street, Other

Utilities

  • Heating: See Remarks
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Other, None
  • Water Source: Public

Schools

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

Lot Info

  • Lot Features: See Remarks
  • Lot Size Units: Acres
  • Parcel Number: 6548-04-83-1062
  • Plat Book Slide: 2/11
  • Zoning Description: R-8
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: See Remarks, None
  • Tenant Pays: Other, None
  • Pets Allowed: Conditional

Tax Info

  • RATIO List Price By Tax Amount: 3.45491

Multi Family

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

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Jan 11, 2023
Sold by
Dgp Homes Llc
Bought by
786 Tsi Inc
Seller's Agent
Alex Lopez
Verge LLC
Buyer's Agent
Jeremy Honeycutt
Prospect Property LLC
List Price
$85,000
Sold Price
$51,000
Premium/Discount to List
-$34,000
-40%
Views
46
Current Estimated Value
$128,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,012
Avg. Annual Appreciation
32.50%

Purchase Details

Closed on
May 3, 2022
Sold by
Sellers Archie R
Bought by
Dgp Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,900
Interest Rate
4.42%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
786 Tsi Inc $51,000 None Listed On Document
Dgp Homes Llc $40,000 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dgp Homes Llc $75,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2023 01/12/23 Sold $51,000 -27.1% $42 / Sq Ft
12/21/2022 12/21/22 Price Changed $70,000 -17.6% $57 / Sq Ft
11/11/2022 11/11/22 For Sale $85,000 -- $69 / Sq Ft
Source: Canopy MLS

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 $1,167 $104,207 $16,200 $88,007
2024 $247 $20,261 $5,400 $14,861
2023 $247 $20,261 $5,400 $14,861
2022 $247 $20,261 $5,400 $14,861
2021 $247 $20,261 $5,400 $14,861
2020 $260 $20,013 $4,860 $15,153
2019 $262 $20,013 $4,860 $15,153
2018 $262 $20,013 $4,860 $15,153
2017 $252 $20,013 $4,860 $15,153
2016 $265 $21,024 $4,860 $16,164
2015 $268 $21,024 $4,860 $16,164
2014 $444 $21,024 $4,860 $16,164
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Alex Lopez

    Verge LLC

    Section Image

  • J

    Buyer's Agent in 2023

    Jeremy Honeycutt

    Prospect Property LLC

    Section Image
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Map

Source: Canopy MLS

MLS Number: 3911709

Canopy MLS

APN: 6548-04-83-1062

North Carolina Stanly County Albemarle 28001

1216 Beale St, Albemarle, 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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