NOT LISTED FOR SALE

1306 N Nc 16 Hwy Conover, NC 28613

Estimated Value: $263,000

2.57 Acres
$102,335 Price per Acre
111,949 Sq Ft Lot

Last Sold January 15, 2014

Last sale price $127,600

Est. 106% increase in value since last sale

Current estimated payment $1,508/month

204 Days on Market

About This Lot

As of January 2014

This bank owned Prime Retail Location in Conover is across the street from Walmart with frontage on I-40 and hwy 16. Vacant outparcel diagonally across the street that is now Burger King sold for over $800,000 with less acreage. With over 650 ft of frontage on hwy 16 your business can't help but to be noticed. 2011 Traffic counts show over 16,000 cars per day passing this location which is up from the 15,000 estimated the previous year. Rapidly growing area with Excellent speculative or end user potential.

Last Agent to Sell the Property

Chris Spencer

Realty Executives Lake Norman License #199197 Listed on: 01/03/2013

Last Buyer's Agent

Chris Spencer

Realty Executives Lake Norman License #199197 Listed on: 01/03/2013

Property Details

Property Type

  • Land

Lot Details

  • Level Lot

Listing and Financial Details

  • Assessor Parcel Number 374211563151

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Commercial
  • Ratio Close Price By List Price: 0.63832
  • Ratio Close Price By Original Li: 0.63832
  • Ratio Current Price By Acre: 49649.81
  • Special Features: None

Exterior Features

  • Publically Maintained Road: Yes

Schools

  • Elementary School: Shuford
  • Middle School: Newton Conover
  • High School: Newton Conover

Lot Info

  • Lot Features: Level
  • Lot Size Area: 2.570
  • Parcel Number: 374211563151
  • Zoning Specification: CC

Tax Info

  • Tax Value: 520200.00
  • Tax Location: Catawba

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2013
Closed on
Jan 30, 2014
Sold by
Hunsucker Dan A and Hunsucker Kathy H
Bought by
Hunsucker Dan A and Lap Road Farms Llc
Seller's Agent
Chris Spencer
Realty Executives Lake Norman
Buyer's Agent
Chris Spencer
Realty Executives Lake Norman
List Price
$199,900
Sold Price
$127,600
Premium/Discount to List
-$72,300
-36.17%
Current Estimated Value
$263,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,400
Avg. Annual Appreciation
6.35%
Original Mortgage
$124,982
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 3, 2013
Closed on
Jan 13, 2014
Sold by
Communityone Bank Na
Bought by
Lap Road Farms Llc and Hunsucker Dan A
Seller's Agent
Chris Spencer
Realty Executives Lake Norman
Buyer's Agent
Chris Spencer
Realty Executives Lake Norman
List Price
$199,900
Sold Price
$127,600
Premium/Discount to List
-$72,300
-36.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,982
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2010
Sold by
Barnett William M
Bought by
Bank Of Granite

Purchase Details

Closed on
Jul 8, 1996

Purchase Details

Closed on
Sep 25, 1984

Purchase Details

Closed on
Apr 10, 1984
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hunsucker Dan A -- None Available
Lap Road Farms Llc $128,000 None Available
Bank Of Granite $725,000 None Available
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lap Road Farms Llc $124,982
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2014 01/15/14 Sold $127,600 -36.2% --
07/26/2013 07/26/13 Pending -- -- --
01/03/2013 01/03/13 For Sale $199,900 -- --
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 $1,369 $286,000 $286,000 $0
2024 $1,369 $286,000 $286,000 $0
2023 $1,369 $121,300 $121,300 $0
2022 $837 $121,300 $121,300 $0
2021 $831 $121,300 $121,300 $0
2020 $831 $121,300 $121,300 $0
2019 $831 $121,300 $0 $0
2018 $831 $121,300 $121,300 $0
2017 $807 $0 $0 $0
2016 $807 $0 $0 $0
2015 $2,029 $121,300 $121,300 $0
2014 $2,029 $338,100 $338,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR9567696

Canopy MLS (Canopy Realtor® Association)

APN: 3742115631510000