NOT LISTED FOR SALE

129 S Mebane St Burlington, NC 27215

Downtown Burlington Neighborhood

Estimated Value: $148,000 - $185,000

2 Beds
2 Baths
-- Sq Ft
3,746 Sq Ft Lot

Last Sold February 11, 2022

Last sale price $104,400

Est. 57% increase in value since last sale

Current estimated payment $895/month

2 Days on Market

Highlights

  • 2 Fireplaces
  • Heat Pump System
  • 1-Story Property
  • Cooling Available

About This Home

As of February 2022

BACK ON THE MARKET, NO FAULT OF THE SELLERS! Calling all investors... this duplex has an excellent rental history! 129 can't be shown due to tenant's health issues, 127 can be shown by appointment. The seller has 4 other properties currently for sale including the vacant lot next door (MLS #121699) and will do a package deal on them being sold together. The property has been well maintained and is being sold as-is. The tenants are on a month-to-month lease and would love to continue renting if possible.

Last Agent to Sell the Property

Tammy Rice

Realty One Group Results -Whit License #243760 Listed on: 11/27/2021

Realty One Group Results -Whit

Last Buyer's Agent

NonMls Agent NonMls Agent

Non Mls Firm

Property Details

Home Type

  • Multi-Family

Year Built

  • 1930

Lot Details

  • 3,746 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • 2 Fireplaces

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 136446

Property Details

Home Type

Multi-Family

Year Built

1930

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Directions: From I 85/40 take exit 143, the 62 towards S Mebane Street. Turn right onto S Mebane Street. The duplex will be on your left.
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1930
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement YN: No
  • Fireplaces: 2
  • Fireplace: Yes

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: On Site

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 3746.0
  • Parcel #: 136446
  • Zoning Description: R 12

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2021
Closed on
Feb 11, 2022
Sold by
Paylor Properties Llc
Bought by
Harris Family Rentals Llc
Seller's Agent
Tammy Rice
Realty One Group Results -Whit
Buyer's Agent
NonMls Agent NonMls Agent
Non Mls Firm
List Price
$116,000
Sold Price
$104,400
Premium/Discount to List
-$11,600
-10%
Current Estimated Value
$164,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,933
Avg. Annual Appreciation
12.17%
Original Mortgage
$387,000
Outstanding Balance
$356,652
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
-$192,319
Source: Public Records
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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
Harris Family Rentals Llc $315,000 Taylor Law Office Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Family Rentals Llc $387,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $104,400 -10.0% --
11/29/2021 11/29/21 Pending -- -- --
11/27/2021 11/27/21 For Sale $116,000 -- --
Source: Alamance Multiple Listing Service

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 $488 $98,793 $12,655 $86,138
2024 $463 $98,793 $12,655 $86,138
2023 $427 $98,793 $12,655 $86,138
2022 $800 $64,441 $21,720 $42,721
2021 $806 $64,441 $21,720 $42,721
2020 $813 $64,441 $21,720 $42,721
2019 $815 $64,441 $21,720 $42,721
2018 $383 $64,441 $21,720 $42,721
2017 $759 $64,441 $21,720 $42,721
2016 $854 $73,604 $21,720 $51,884
2015 $425 $73,604 $21,720 $51,884
2014 -- $73,604 $21,720 $51,884
Source: Public Records

Agents Affiliated with this Home

  • Tammy Rice

    Seller's Agent in 2022

    Tammy Rice

    Realty One Group Results -Whit

    (336) 516-3596

    2 in this area

    20 Total Sales

    Tammy Rice
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Map

Source: Alamance Multiple Listing Service

MLS Number: 121700

APN: 136446

North Carolina Alamance County Burlington 27215 Downtown Burlington

129 S Mebane St, Burlington, NC

Not Listed for Sale

MultiFamily

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