Seller's Agent in 2023
Jeff Aiello
Atlas Property Systems, Inc.
(828) 447-3634
1 in this area
3 Total Sales
137 W Mountain St Rutherfordton, NC 28139
Estimated Value: $928,119
12
Beds
13.5
Baths
6,132
Sq Ft
$151/Sq Ft
Est. Value
Highlights
- Active Adult
- Corner Lot
- Walk-In Closet
- Mountain View
- Front Porch
- Home Security System
About This Home
As of October 2023Beautifully remodeled low-maintenance small (55+) 12 unit apartment complex in a prime location with room to expand. 9% Cap Rate at list price. Meticulously Maintained Building and Property. Very low tenant turn-over. Property has stayed full with a waiting list since the 2021 full remodel. Building includes leasing office, coin laundry facilities, ice machine and vending. New since 2020: 40 year metal roof, re-paved entire parking lot, landscaping, signage, almost all building wiring and plumbing replaced or upgraded, all new appliances, water heaters and kitchens, insulation, windows, new A/C units (central and PTAC type).
Last Agent to Sell the Property
Atlas Property Systems, Inc. License #239381 Listed on: 09/06/2023
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,233
Year Built
- Built in 1960
Lot Details
- Corner Lot
- Open Lot
Home Design
- Slab Foundation
- Metal Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 6,132 Sq Ft Home
- Property has 1 Level
- Wired For Data
- Vinyl Flooring
- Mountain Views
- Laundry Room
Kitchen
- Electric Range
- Microwave
Bedrooms and Bathrooms
- 12 Bedrooms
- Walk-In Closet
Home Security
- Home Security System
- Carbon Monoxide Detectors
Parking
- Handicap Parking
- Varies By Unit
- 20 Open Parking Spaces
- Parking Lot
Accessible Home Design
- Grab Bar In Bathroom
- Doors swing in
- Doors with lever handles
- Doors are 32 inches wide or more
- Ramp on the main level
Outdoor Features
- Front Porch
Utilities
- Multiple cooling system units
- Forced Air Heating and Cooling System
- Ductless Heating Or Cooling System
- Cooling System Mounted In Outer Wall Opening
- Vented Exhaust Fan
- Heat Pump System
- Underground Utilities
- Electric Water Heater
- Cable TV Available
Community Details
- Active Adult
- Hilltop Condos
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for cable TV, exterior maintenance, gas, interior common lights, outdoor lighting, sewer, trash collection, water
- Assessor Parcel Number 1626408
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2023
Closed on
Oct 16, 2023
Sold by
Atlas Property Systems Inc
Bought by
Hopper Properties Llc
Seller's Agent
Jeff Aiello
Atlas Property Systems, Inc.
Buyer's Agent
Jeff Aiello
Atlas Property Systems, Inc.
List Price
$899,900
Sold Price
$875,000
Premium/Discount to List
-$24,900
-2.77%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,119
Avg. Annual Appreciation
2.99%
Purchase Details
Closed on
Feb 21, 2020
Sold by
Patel Rajanikant J and Patel Hemlata R
Bought by
Atlas Property Systems Inc
Purchase Details
Closed on
Apr 8, 2014
Sold by
G I T A Inc
Bought by
Patel Rajanikant J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hopper Properties Llc | $875,000 | None Listed On Document | |
| Hopper Properties Llc | $875,000 | None Listed On Document | |
| Atlas Property Systems Inc | $315,000 | None Available | |
| Patel Rajanikant J | $89,313 | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2023 10/16/23 | Sold | $875,000 | -2.8% | $143 / Sq Ft |
| 09/06/2023 09/06/23 | For Sale | $899,900 | -- | $147 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $4,233 | $383,100 | $67,800 | $315,300 |
| 2024 | $3,665 | $383,100 | $67,800 | $315,300 |
| 2023 | $3,664 | $383,100 | $67,800 | $315,300 |
| 2022 | $3,664 | $301,300 | $67,800 | $233,500 |
| 2021 | $3,475 | $297,900 | $67,800 | $230,100 |
| 2020 | $2,163 | $182,500 | $67,800 | $114,700 |
| 2019 | $2,503 | $182,500 | $67,800 | $114,700 |
| 2018 | $2,696 | $191,700 | $67,800 | $123,900 |
| 2016 | $2,705 | $191,700 | $67,800 | $123,900 |
| 2013 | -- | $221,600 | $83,200 | $138,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Aiello
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4066886
APN: 1626408
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