NOT LISTED FOR SALE

1485 Us 70 W Valdese, NC 28690

Estimated Value: $305,000

3 Beds
1 Bath
1,528 Sq Ft
$200/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $305,000 $200 Per Sq Ft

Current estimated payment $1,836/month

183 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • More Than Two Accessible Exits
  • Heritage Middle School Rated A-
  • Laundry Room
  • 1-Story Property

About This Home

As of July 2023

This property contains two separate buildings on about 1.35 acres with 25 parking spaces. Have your residence in this house and your business in the other property. This opportunity will be hard to duplicate. It's got 170 feet +/-of road frontage. Building # 1 (1930 circa) is a white vinyl siding structure with 3 bedrooms with closets, 1 full bathroom, a kitchen, a laundry room, and a dining room. Also, updated vinyl siding, windows, gutters, and shingles. Natural gas too. About 1528 sqft. It was last used as a retail business that sold model trains. It has 20 parking spaces. Building# 2 (1980 circa) brick front has an open floor plan, approximately 1540 sqft with a basement and 2 bathrooms. This property is zoned General Business B-2 for the township of Drexel, North Carolina. The B-2 zoning has 62 Permitted Uses according to the zoning documents. The zoning information is attached in the MLS documents section. It's approximately 3.5 miles off of I-40. GREAT PRICE and LOCATION!!!

Last Agent to Sell the Property

Greg Shuffler

Fonta Flora Realty License #147122 Listed on: 11/14/2022

Last Buyer's Agent

Sandra Walker

RE/MAX Southern Lifestyles License #242688

RE/MAX Southern Lifestyles

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,990

Year Built

  • Built in 1963

Lot Details

  • 1.35 Acre Lot
  • Lot Dimensions are 179 x 429 x 148 x 398
  • Paved or Partially Paved Lot
  • Property is zoned Drexel, B2

Parking

  • 4 Open Parking Spaces

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,528 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Living Room with Fireplace
  • Laundry Room
  • Partially Finished Basement

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Accessible Home Design

  • More Than Two Accessible Exits

Schools

  • Drexel Elementary School
  • Heritage Middle School
  • Jimmy C Draughn High School

Utilities

  • Wall Furnace
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2723976241

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,990

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1963
  • Restrictions: Use
  • Restrictions Description: City of Drexel Zoning-G-B-Attached in documents for Permitted Uses- 62 Permitted Uses
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 199.61
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Other - See Remarks
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1528
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Gas Range, Gas Water Heater
  • Above Grade Finished Sq Ft: 1528
  • Accessibility Features: Two or More Access Exits
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Living Area: 1528
  • Bedroom Main: 3
  • Room Count: 9

Exterior Features

  • New Construction: No
  • Roof: Fiberglass
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Vinyl, Wood

Garage/Parking

  • Main Level Garage YN: 0
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Heat Pump, Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling: Heat Pump
  • Utilities: Gas, Wired Internet Available
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Heritage
  • HOA Subject To: None

Lot Info

  • Lot Features: Paved
  • Lot Size Area: 1.35
  • Lot Size Units: Acres
  • Parcel Number: 2723976241
  • Zoning: B2
  • Lot Size Acres: 1.35
  • Lot Size: 179 X 429 X 148 X 398
  • Lot Size Sq Ft: 58806
  • ResoLotSizeUnits: Acres
  • Zoning Specification: Drexel

MLS Schools

  • Elementary School: Drexel
  • High School: Jimmy C Draughn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2022
Closed on
Jul 20, 2023
Sold by
Morgan Tamela Denise and Pearson Tamela Cook
Bought by
Phoenix Boutique Llp
Seller's Agent
Greg Shuffler
Fonta Flora Realty
Buyer's Agent
Sandra Walker
RE/MAX Southern Lifestyles
List Price
$399,900
Sold Price
$305,000
Premium/Discount to List
-$94,900
-23.73%
Views
151
Current Estimated Value
$305,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$0
Avg. Annual Appreciation
0.00%
Original Mortgage
$20,000
Interest Rate
6.69%
Source: Public Records

Range of Values:

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Average Value
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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
Phoenix Boutique Llp $305,000 None Listed On Document
Phoenix Boutique Llp $305,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Phoenix Boutique Llp $20,000
Open Phoenix Boutique Llp $350,000
Closed Phoenix Boutique Llp $350,000
Previous Owner Cook Tamela D $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $305,000 -12.8% $200 / Sq Ft
02/15/2023 02/15/23 Price Changed $349,900 -12.5% $229 / Sq Ft
11/14/2022 11/14/22 For Sale $399,900 -- $262 / 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
2024 $1,990 $301,536 $60,594 $240,942
2023 $1,990 $301,536 $60,594 $240,942
2022 $2,082 $269,402 $60,594 $208,808
2021 $2,082 $269,402 $60,594 $208,808
2020 $2,041 $269,402 $60,594 $208,808
2019 $2,082 $269,402 $60,594 $208,808
2018 $1,935 $250,335 $34,594 $215,741
2017 $1,935 $250,335 $34,594 $215,741
2016 $1,898 $250,335 $34,594 $215,741
2015 $1,898 $250,335 $34,594 $215,741
2014 $1,898 $250,335 $34,594 $215,741
2013 $1,898 $250,335 $34,594 $215,741
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3922806

Canopy MLS (Canopy Realtor® Association)

APN: 12949