NOT LISTED FOR SALE

1313 Morningside Dr Kinston, NC 28501

Estimated Value: $638,000 - $824,786

Studio
-- Bath
3,944 Sq Ft
60.8 Acres

Last Sold March 15, 2022

Last sale price $561,000 $142 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,385/month

1 Day on Market

Highlights

  • Brick Veneer
  • Concrete Flooring
  • No Heating
  • Coin Laundry

About This Home

As of March 2022

Cash, "as is" offers on Tranzon contract only. Flooded in 2018 Hurricane. Flood Zone AE. Partially renovated 56-unit vacant apartment complex. Concrete, block & brick 14 bldgs; 4 units ea. w/2 BR & 1 bath +/- 600 SF each unit, individual electric meters. New roofs 2018. 4 bldgs roughed in w/plumbing, wiring, ductwork, drywall, kitchen cabinets. 8 new dishwashers convey. 2 laundry bldgs. Not designated as subsidized housing BUT there's a large local demand for affordable housing. Sec 8 is an option.

Last Agent to Sell the Property

Linda Terry

Tranzon Key Auctions License #211005 Listed on: 02/16/2022

Last Buyer's Agent

Linda Terry

Tranzon Key Auctions License #211005 Listed on: 02/16/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $449

Year Built

  • Built in 1968

Lot Details

  • 60.8

Parking

  • 2 Parking Spaces

Home Design

  • Brick Veneer
  • Slab Foundation

Flooring

  • Concrete Flooring

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Auction

Community Details

Overview

  • 56 Units
  • Morningside Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Condominium

Est. Annual Taxes

$449

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Year Built: 1968
  • Prop. Type: Residential Income
  • Subdivision Name: Morningside
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Heating None12: Yes
  • Cooling None4: Yes
  • General Property Information Carport YN: No
  • Flooring Concrete3: Yes
  • Special Listing Conditions Auction: Yes
  • General Property Information Number Of Units Total3: 56.0
  • Special Circumstances Auction2: Yes
  • Special Features: Auction
  • Property Sub Type: Condos

Interior Features

  • Flooring: Concrete

Exterior Features

  • Construction Type: Brick, Brick Veneer
  • Foundation Details: Slab
  • Construction Materials:Brick Veneer: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Information:Parking Total: 2.0

Utilities

  • Heating: None, Other
  • Green Building Features: Coin Laundry
  • Cooling: None
  • Cooling Y N: No
  • HeatingYN: No
  • Water Source: Public

Schools

  • Ninth Grade High School: Out of Area
  • Middle Or Junior School: Out of Area

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 449.0

Multi Family

  • Number Of Units Total: 56

MLS Schools

  • Elementary School: Out of Area

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
Apr 25, 2022
Sold by
Real Estate Magnate Llc
Bought by
1313 Property Group Llc
Seller's Agent
Linda Terry
Tranzon Key Auctions
Buyer's Agent
Linda Terry
Tranzon Key Auctions
List Price
$539,000
Sold Price
$561,000
Premium/Discount to List
$22,000
4.08%
Current Estimated Value
$821,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,938
Avg. Annual Appreciation
7.19%
Original Mortgage
$392,700
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 16, 2022
Closed on
Mar 15, 2022
Sold by
Morningside Manor Apartments Llc
Bought by
Real Estate Magnate Llc
Seller's Agent
Linda Terry
Tranzon Key Auctions
Buyer's Agent
Linda Terry
Tranzon Key Auctions
List Price
$539,000
Sold Price
$561,000
Premium/Discount to List
$22,000
4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,700
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 16, 2022
Closed on
Mar 14, 2022
Sold by
Morningside Manor Apartments Llc
Bought by
Real Estate Magnate Llc
Seller's Agent
Linda Terry
Tranzon Key Auctions
Buyer's Agent
Linda Terry
Tranzon Key Auctions
List Price
$539,000
Sold Price
$561,000
Premium/Discount to List
$22,000
4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,700
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 15, 2021
Sold by
Gcm Services Corp
Bought by
Morningside Manor Apartments Llc

Purchase Details

Closed on
Apr 28, 2005
Sold by
Deberry Cheryl M and Deberry Wayne
Bought by
Berrymac Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2005
Sold by
Cdh Farms Inc
Bought by
Deberry Cheryl M and Deberry Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
1313 Property Group Llc $670,000 Robert Nicholas
Real Estate Magnate Llc $561,000 Hutchens Law Firm Llp
Real Estate Magnate Llc $561,000 Hutchens Law Firm Llp
Morningside Manor Apartments Llc $457,000 Servion Commercial Title
Berrymac Enterprises Llc -- None Available
Deberry Cheryl M $1,500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Real Estate Magnate Llc $392,700
Previous Owner Real Estate Magnate Llc $392,700
Previous Owner Berrymac Enterprises Llc $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $561,000 -- --
03/15/2022 03/15/22 Sold $561,000 +4.1% $142 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $539,000 -- $137 / Sq Ft
Source: Doorify MLS

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 $1,097 $78,108 $36,772 $41,336
2024 $460 $28,500 $28,500 $0
2023 $460 $28,500 $28,500 $0
2022 $460 $28,500 $28,500 $0
2021 $460 $28,500 $28,500 $0
2020 $449 $28,500 $28,500 $0
2019 $449 $28,500 $28,500 $0
2018 $436 $28,500 $28,500 $0
2017 $437 $28,500 $28,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Terry

    Seller's Agent in 2022

    Linda Terry

    Tranzon Key Auctions

    (866) 872-6966

    1 in this area

    124 Total Sales

    Linda Terry
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Map

Source: Doorify MLS

MLS Number: 2431694

Doorify MLS

APN: 452507582636

North Carolina Lenoir County Kinston 28501

1313 Morningside Dr, Kinston, NC

Not Listed for Sale

Condos

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