NOT LISTED FOR SALE

1554 Barringer St Mount Pleasant, NC 28124

Estimated Value: $345,000 - $550,295

11 Beds
5 Baths
4,784 Sq Ft
$90/Sq Ft Est. Value

Sale Details

Date Sold: August 6, 2024

Last sale price $560,200 $117 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $2,842 / mo

19 Days on Market

About This Home

As of August 2024

Do not miss your opportunity to own this fantastic investment property in the heart of Mt. Pleasant! This property has over 40 years of consistent rental income. The 3 bedroom, 1 bath home is currently vacant but rents for approximately $1200 per month. House includes a shed/outbuidling for extra storage. There are 4 apartment style units behind the house that are all currently rented on a month to month basis (no rental agreements in place) and they each rent monthly for around $700 per month. Each unit is approx 900 sqft with 2 beds/1 bath. The apartment units and the home will need some work/remodeling. Both properties share a driveway with plenty of parking room for all units. All addresses for the property include: 1554, 1562,1568,1566, 1558. Property is in walking distance to downtown Mt. Pleasant to enjoy all of the food and shopping! Easy access to hwy 73 and hwy 49. Schedule your appointment today!

Last Agent to Sell the Property

Liz Hallman

Lantern Realty & Development, LLC Brokerage Email: lizphallman@gmail.com License #281082 Listed on: 05/28/2024

Lantern Realty & Development, LLC

Co-Listed By

Jenna Cook

Lantern Realty & Development, LLC Brokerage Email: lizphallman@gmail.com License #293117

Last Buyer's Agent

Steven Tice, CCIM

Mortice Commercial Real Estate License #168957

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1980

Lot Details

  • 0.41

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 4,784 Sq Ft Home
  • Laminate Flooring
  • Electric Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Parking

  • Shared Driveway
  • Parking Lot

Schools

  • Mount Pleasant Elementary And Middle School
  • Mount Pleasant High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 56703232560000

Property Details

Home Type

Apartment

Year Built

Built in 1980

Lot Details

0.41 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1980
  • Road Surface Type: Gravel
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: lizphallman@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Laminate
  • Appliances: Electric Oven
  • Owner Pays: None
  • Above Grade Finished Sq Ft: 4784
  • Basement YN: No
  • Full Bathrooms: 5
  • Total Bedrooms: 11
  • Living Area: 4784

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Aluminum, Brick Partial

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway, Parking Lot, Shared Driveway

Utilities

  • Heating: Heat Pump, Other - See Remarks
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room
  • Cooling: Central Air, Other - See Remarks
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Mount Pleasant
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 56703232560000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RH

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: No

Multi Family

  • Number Of Units Total: 5

MLS Schools

  • Elementary School: Mount Pleasant
  • High School: Mount Pleasant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Aug 6, 2024
Sold by
Culp Wiliam W and Culp Beverly S
Bought by
Seelan Investment Llc
Seller's Agent
Liz Hallman
Lantern Realty & Development, LLC
Buyer's Agent
Steven Tice, CCIM
Mortice Commercial Real Estate
List Price
$595,000
Sold Price
$560,200
Premium/Discount to List
-$34,800
-5.85%
Views
19
Current Estimated Value
$452,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$107,480
Avg. Annual Appreciation
-13.82%
Original Mortgage
$480,000
Outstanding Balance
$474,134
Interest Rate
6.87%
Mortgage Type
Construction
Estimated Equity
-$42,310

Purchase Details

Closed on
Apr 1, 1983
Bought by
Culp William W and Culp Beverly S

Purchase Details

Closed on
May 1, 1980
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Seelan Investment Llc -- None Listed On Document
Culp William W $21,500 --
-- $47,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Seelan Investment Llc $480,000
Closed Seelan Investment Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2024 08/06/24 Sold $560,200 -5.8% $117 / Sq Ft
05/28/2024 05/28/24 For Sale $595,000 -- $124 / Sq Ft
Source: Canopy MLS

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 $4,654 $481,810 $75,000 $406,810
2024 $4,395 $455,010 $75,000 $380,010
2023 $3,195 $256,620 $25,000 $231,620
2022 $3,195 $256,620 $25,000 $231,620
2021 $3,195 $256,620 $25,000 $231,620
2020 $3,195 $256,620 $25,000 $231,620
2019 $2,781 $223,350 $22,000 $201,350
2018 $2,736 $223,350 $22,000 $201,350
2017 $2,691 $223,350 $22,000 $201,350
2016 $2,691 $225,540 $22,000 $203,540
2015 $2,718 $225,540 $22,000 $203,540
2014 $2,718 $225,540 $22,000 $203,540
Source: Public Records

Agents Affiliated with this Home

  • Liz Hallman

    Seller's Agent in 2024

    Liz Hallman

    Lantern Realty & Development, LLC

    (980) 621-9575

    19 in this area

    139 Total Sales

    Liz Hallman
    Section Image
  • Jenna Cook

    Seller Co-Listing Agent in 2024

    Jenna Cook

    Lantern Realty & Development, LLC

    (704) 960-5591

    17 in this area

    143 Total Sales

    Jenna Cook
    Section Image
  • Steven Tice, CCIM

    Buyer's Agent in 2024

    Steven Tice, CCIM

    Mortice Commercial Real Estate

    (704) 794-2294

    1 in this area

    22 Total Sales

    Steven Tice, CCIM
    Section Image
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Map

Source: Canopy MLS

MLS Number: 4144525

Canopy MLS

APN: 5670-32-3256-0000

North Carolina Cabarrus County Mount Pleasant 28124

1554 Barringer St, Mount Pleasant, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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