NOT LISTED FOR SALE

Estimated Value: $715,000 - $865,000

4 Beds
2 Baths
1,877 Sq Ft
$413/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $575,000 $306 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,783/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Wood Burning Fireplace
  • Dilworth Elementary School: Latta Campus Rated A-
  • Corner Lot

About This Home

As of June 2021

Cute duplex in a fantastic location! Investor or homeowner opportunity in Dilworth Historic District. Mirror-image duplex - each with 2 bedrooms, 1 bath, and approximately 935 s.f. Live in one side and lease the other. Dilworth Historic District will put a 1-year stay on any proposal for tear-down so lease out both sides until the year is up! Mixed-use project will enhance property value.

Last Agent to Sell the Property

Robert Dulin

NorthGroup Real Estate LLC License #122379 Listed on: 05/05/2021

NorthGroup Real Estate LLC

Last Buyer's Agent

Frances Allen

Keller Williams South Park License #240716

Keller Williams South Park

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • Corner Lot

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 2 Full Bathrooms
  • Wood Burning Fireplace
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Listing and Financial Details

  • Tenant pays for cable, electricity, outdoor lighting
  • Rent includes water
  • Assessor Parcel Number 123-029-13

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 1.09524
  • Ratio Close Price By Original Li: 1.09524
  • Ratio Current Price By Acre: 3194444.44
  • Ratio Current Price By Sq Ft: 306.34
  • Year Built: 1953
  • Property Features: Porch/Patio, Range/Oven
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Equipment: Dishwasher, Dryer, Electric Oven, Refrigerator, Washer
  • Fireplace Description: Living Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl, Wood
  • Laundry Location: Kitchen
  • Total Sq Ft: 1877

Exterior Features

  • Construction: Brick Partial, Wood
  • Construction Type: Site Built

Garage/Parking

  • Parking: Parking Space - 4+

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Dilworth Latta Campus/Dilworth Sedgefield Campus
  • Middle School: Sedgefield
  • High School: Myers Park

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Area: 0.180
  • Parcel Number: 123-029-13
  • Zoning Specification: R5

Rental Info

  • Rent Includes: Water
  • Tenant Pays: Cable, Electricity, Outdoor Lighting

Tax Info

  • Tax Value: 544200.00
  • Tax Location: Charlotte

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2022
Sold by
Kraus and Sandra
Bought by
1400-1402 Euclid Ave Llc
Total Days on Market
4
Current Estimated Value
$774,363

Purchase Details

Listed on
May 5, 2021
Closed on
May 5, 2021
Sold by
Mack Properties Llc
Bought by
Kraus Thomas and Kraus Sandra
Seller's Agent
Robert Dulin
NorthGroup Real Estate LLC
Buyer's Agent
Frances Allen
Keller Williams South Park
List Price
$525,000
Sold Price
$575,000
Premium/Discount to List
$50,000
9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.41%

Purchase Details

Closed on
Jan 9, 2020
Sold by
Mack Lisbeth A and Mack Gerard B
Bought by
Mack Properties Llc

Purchase Details

Closed on
May 9, 2005
Sold by
Cassam Robert John and Cassam Lindsay J
Bought by
Mack Gerard B and Mack Lisbeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 3, 2002
Sold by
Real Estate Alternatives Inc
Bought by
Cassam Robert John and Hastings Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,600
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 1997
Sold by
Osborne Richard J
Bought by
Real Estate Alternatives Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,500
Interest Rate
7.55%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
1400-1402 Euclid Ave Llc -- Law Offices Of Michelle Vereck
Kraus Thomas $575,000 None Available
Mack Properties Llc -- None Available
Mack Gerard B $253,000 --
Cassam Robert John -- --
Real Estate Alternatives Inc $156,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mack Gerard B $170,000
Previous Owner Cassam Robert John $48,600
Previous Owner Cassam Robert John $162,600
Previous Owner Real Estate Alternatives Inc $149,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $575,000 +9.5% $306 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $525,000 -- $280 / Sq Ft
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
2023 $5,386 $696,400 $475,000 $221,400
2022 $5,503 $544,200 $342,000 $202,200
2021 $5,481 $544,200 $342,000 $202,200
2020 $5,466 $544,200 $342,000 $202,200
2019 $5,435 $544,200 $342,000 $202,200
2018 $4,236 $311,700 $196,800 $114,900
2017 $4,161 $311,700 $196,800 $114,900
2016 $4,142 $311,700 $196,800 $114,900
2015 $4,119 $311,700 $196,800 $114,900
2014 $4,897 $375,200 $293,300 $81,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3733592

Canopy MLS (Canopy Realtor® Association)

APN: 123-029-13