NOT LISTED FOR SALE

1490 John Chapman Rd Lincolnton, NC 28092

Estimated Value: $251,000 - $282,000

5 Beds
3 Baths
1,675 Sq Ft
$163/Sq Ft Est. Value

Last Sold February 02, 2023

Last sale price $230,000 $137 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,665/month

74 Days on Market

Highlights

  • Wooded Lot
  • Great Room
  • Central Heating
  • Ranch Style House
  • Front Green Space
  • Vinyl Flooring

About This Home

As of February 2023

Back on the market due to no fault of the seller. Brick triplex on nearly half an acre. All leases are month-to-month. Property features two units that are 2 bedrooms and 1 bath and one unit with 1 bedroom and 1 bathroom. This is the property you have been waiting for.

Updates to the property include roof replaced in roughly 2013. Windows replaced in roughly 2019. Flooring updated in 2 of the 3 units. HVAC updated roughly 2020 (2 units) and roughly 2015 (1 unit).

Last Agent to Sell the Property

Dan Jones

Carolina Real Estate Experts The Dan Jones Group License #268937 Listed on: 10/20/2022

Co-Listed By

Steve Krause

Carolina Real Estate Experts The Dan Jones Group License #328114

Last Buyer's Agent

Freddy Karmatz

FK and Associates Real Estate Firm License #282367

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,773

Year Built

  • Built in 1976

Lot Details

  • Front Green Space
  • Wooded Lot

Home Design

  • Triplex
  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,675 Sq Ft Home
  • Great Room
  • Vinyl Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • Driveway
  • 1 to 5 Parking Spaces

Schools

  • G.E. Massey Elementary School
  • Lincolnton Middle School
  • Lincolnton High School

Utilities

  • Central Heating
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV
  • Rent includes electricity, garbage pick-up, sewer, water
  • Assessor Parcel Number 51083

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,773

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Ranch
  • Year Built: 1976
  • Ratio Current Price By Acre: 542452.83
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: Triplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Sq Ft Unheated Basement: 0
  • Room Other: Bathroom(s),Bedroom(s),Great Room
  • Appliances: Cable Prewire
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Living Area: 1675
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 593
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 593
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Total Sq Ft: 497
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Tax Location: Lincolnton
  • Construction Type: Site Built
  • Property Features: Cable Available
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway, Parking Space - 4+

Utilities

  • Heating: Central
  • Sewer: Septic Installed
  • Water Heater: Gas
  • Laundry Features: Other
  • Water Source: Well

Schools

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

Lot Info

  • Lot Features: Green Area, Wooded
  • Lot Size Area: 0.424
  • Lot Size Units: Acres
  • Parcel Number: 51083
  • Plat Reference Section Pages: 449
  • Zoning Description: R-S
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: Electricity, Garbage Pick-up, Sewer, Water
  • Tenant Pays: Cable TV
  • Pets Allowed: Conditional

Tax Info

  • RATIO List Price By Tax Amount: 1.89319

Multi Family

  • Number Of Units Total: 3
  • Unit Count: 3

MLS Schools

  • Elementary School: G.e. Massey
  • High School: Lincolnton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2022
Sold by
Peeler Tommy Q
Bought by
Peeler Tommy Q
Current Estimated Value
$272,465

Purchase Details

Closed on
Feb 1, 2022
Sold by
Proctor Timothy C and Proctor Brenda S
Bought by
West Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.27%
Mortgage Type
VA
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
Peeler Tommy Q -- Mcintyre Elder Law Pllc
West Cindy $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner West Cindy $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2023 02/02/23 Sold $230,000 0.0% $137 / Sq Ft
01/02/2023 01/02/23 Pending -- -- --
12/19/2022 12/19/22 Price Changed $230,000 0.0% $137 / Sq Ft
12/19/2022 12/19/22 For Sale $230,000 -19.3% $137 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $285,000 0.0% $170 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
10/20/2022 10/20/22 For Sale $285,000 -- $170 / 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 $1,773 $226,365 $26,580 $199,785
2023 $1,758 $226,365 $26,580 $199,785
2022 $1,249 $121,488 $21,000 $100,488
2021 $1,249 $121,488 $21,000 $100,488
2020 $880 $121,488 $21,000 $100,488
2019 $857 $121,742 $21,000 $100,742
2018 $1,003 $97,780 $20,000 $77,780
2017 $695 $97,780 $20,000 $77,780
2016 $695 $97,780 $20,000 $77,780
2015 $939 $97,780 $20,000 $77,780
2014 $910 $95,881 $20,000 $75,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3914480

Canopy MLS (Canopy Realtor® Association)

APN: 51083