NOT LISTED FOR SALE

1235 Freeman Ave Albemarle, NC 28001

Estimated Value: $154,000 - $191,311

2 Beds
2 Baths
1,500 Sq Ft
$117/Sq Ft Est. Value

Sale Details

Date Sold: May 13, 2021

Last sale price $105,000 $70 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,046 / mo

31 Days on Market

About This Home

As of May 2021

Whether you are you looking to add to your Rental Portfolio or for a property to occupy and have the other side help pay the mortgage - then take a look at this duplex! Both units currently occupied, MTM leases. Located within a short drive to the new Pfeiffer Health Sciences Campus, Morrow Mountain State Park, Badin & Lake Tillery plus close to shopping & restaurants! Great return with $12,600 in Current Annual Income! Please Do Not Disturb Tenants - No Showings Until Under Contract.

Last Agent to Sell the Property

Michael St. Germain

EXP Realty LLC Ballantyne License #277314 Listed on: 02/16/2021

EXP Realty LLC Ballantyne

Co-Listed By

Sheila St Germain

EXP Realty LLC Ballantyne License #277315

Last Buyer's Agent

Anna Howard

Anna Howard Realty LLC License #275834

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.42

Parking

  • Gravel Driveway

Home Design

  • Duplex

Flooring

  • Wood
  • Vinyl

Additional Features

  • 2 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 6548-02-85-6665

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0.42 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ratio Close Price By List Price: 0.87500
  • Ratio Close Price By Original Li: 0.87500
  • Ratio Current Price By Acre: 250000.00
  • Ratio Current Price By Sq Ft: 70.00
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Equipment: Electric Range, Refrigerator
  • Flooring: Vinyl, Wood
  • Total Sq Ft: 1500

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth, Gravel
  • Parking: Driveway

Utilities

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

Lot Info

  • Lot Dimension: Irregular
  • Parcel Number: 6548-02-85-6665
  • Zoning Specification: R-10

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 46085.00
  • Tax Location: Albemarle

Multi Family

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

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
Feb 16, 2021
Closed on
May 12, 2021
Sold by
Bought by
Seller's Agent
Michael St. Germain
EXP Realty LLC Ballantyne
Buyer's Agent
Anna Howard
Anna Howard Realty LLC
List Price
$120,000
Sold Price
$105,000
Premium/Discount to List
-$15,000
-12.5%
Current Estimated Value
$174,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,828
Avg. Annual Appreciation
10.49%
Original Mortgage
$84,000
Outstanding Balance
$76,006
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$98,822

Purchase Details

Closed on
Sep 30, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 24, 2017
Closed on
Oct 30, 2017
Sold by
Bought by
Seller's Agent
Brenda Farmer
Country Home Real Estate
Buyer's Agent
Michael St. Germain
EXP Realty LLC Ballantyne
List Price
$58,500
Sold Price
$46,000
Premium/Discount to List
-$12,500
-21.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.71%
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

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
$105,000 None Available
$85,000 None Available
$46,000 Attorney
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 $84,000
Previous Owner $84,000
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 Prior Sale
05/13/2021 05/13/21 Sold $105,000 0.0% $70 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/15/2021 03/15/21 Off Market $105,000 -- --
02/16/2021 02/16/21 For Sale $120,000 +160.9% $80 / Sq Ft
11/01/2017 11/01/17 Sold $46,000 -21.4% $31 / Sq Ft View Prior Sale
09/23/2017 09/23/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $58,500 -- $39 / 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
2025 $1,252 $111,786 $21,021 $90,765
2024 $1,004 $82,277 $11,642 $70,635
2023 $1,004 $82,277 $11,642 $70,635
2022 $970 $82,277 $11,642 $70,635
2021 $1,004 $82,277 $11,642 $70,635
2020 $598 $46,085 $10,348 $35,737
2019 $604 $46,085 $10,348 $35,737
2018 $765 $58,393 $10,348 $48,045
2017 $736 $58,393 $10,348 $48,045
2016 $701 $55,656 $10,348 $45,308
2015 $708 $55,656 $10,348 $45,308
2014 $693 $55,656 $10,348 $45,308
Source: Public Records

Agents Affiliated with this Home

  • Michael St. Germain

    Seller's Agent in 2021

    Michael St. Germain

    EXP Realty LLC Ballantyne

    (704) 550-9020

    93 Total Sales

    Michael St. Germain
    Section Image
  • Sheila St Germain

    Seller Co-Listing Agent in 2021

    Sheila St Germain

    EXP Realty LLC Ballantyne

    (704) 800-6331

    338 Total Sales

    Sheila St Germain
    Section Image
  • Anna Howard

    Buyer's Agent in 2021

    Anna Howard

    Anna Howard Realty LLC

    (704) 726-6146

    14 Total Sales

    Anna Howard
    Section Image
  • Brenda Farmer

    Seller's Agent in 2017

    Brenda Farmer

    Country Home Real Estate

    (704) 791-5437

    38 Total Sales

    Brenda Farmer
    Section Image
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Map

Source: Canopy MLS

MLS Number: CAR3709124

Canopy MLS

APN: 6548-02-85-6665

North Carolina Stanly County Albemarle 28001

1235 Freeman Ave, 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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