NOT LISTED FOR SALE

1587 Main St Wellford, SC 29385

Estimated Value: $174,000 - $266,000

5 Beds
3 Baths
4,000 Sq Ft
$56/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $147,500 $37 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,611/month

52 Days on Market

Highlights

  • Cooling Available
  • Patio
  • Forced Air Heating System
  • James Byrnes Freshman Academy Rated A-
  • Storage Room
  • Vinyl Flooring

About This Home

As of September 2021

TRIPLEX. TRIPLE INCOME! CASH ONLY, NO FINANCING. PROPERTY IS BEING SOLD "AS IS". SELLER WILL MAKE NO REPAIRS. THREE SEPARATE UNITS INDER ONE ROOF. TWO UNITS ARE ONE BEDROOMS THE OTHER UNIT IS A 3 BEDROOM. THERE COULD BE A 4TH UNIT WITH THE RIGHT INVESTOR/CONTRACTOR. OWNER COULD LIVE IN ONE UNIT AND LEASE THE OTHERS. LYMAN WELLFORD AREA DIST 5 SCHOOLS. GREAT POTENIAL WITH THIS PROPERTY!

Last Agent to Sell the Property

Traci Brock

RE/MAX Executive Spartanburg License #4154 Listed on: 05/12/2021

RE/MAX Executive Spartanburg

Last Buyer's Agent

Thomas Chad Chism

Chism & Associates Real Estate License #42426

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,161

Lot Details

  • 0.26

Home Design

  • Triplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Storage Room
  • Washer and Dryer Hookup
  • Vinyl Flooring
  • Crawl Space

Kitchen

  • Oven or Range
  • Dishwasher

Schools

  • Dr Hill Middle School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Patio
  • Lot Dimensions are 93x138x95x106

Community Details

  • 3 Units
  • 4,000 Sq Ft Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,161

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Type: Triplex
  • Estimated Age: 50+
  • Heating Fuel Type: Natural Gas
  • In City: Yes
  • Jr High: 5-Dr Hill Middle
  • Lvt Date: 05/12/2021
  • Tax Rate: 6%
  • Number Of 1 Br Units: 1
  • Number Of 3 Br Units: 1
  • Number Of Eff Units: 1
  • One Bedroom: One Bath, Range/Oven, Vinyl Floor, Dryer Connection, Washer Connection
  • Parking Per Unit: Two Spaces
  • Three Bedroom: One Bath, Dishwasher, Patio/Porch/Deck, Range/Oven, Refrigerator, Storage Room, Vinyl Floor, Dryer Connection, Washer Connection
  • Total Present Annl Income: 700
  • Total Building Sq Ft: 4000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Price Per Sq Ft: 36.88
  • Number Of Stories: Two

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Crawl Space

Utilities

  • Cooling Fuel: Electricity
  • Heat System: Forced Warm Air
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric
  • Cooling: Multi Units

Schools

  • School District: 5
  • Elementary School: 5-Wellford Elem
  • Middle School: 5-Beech Springs
  • High School: 5-Byrnes High

Lot Info

  • Estimated Lot Dimensions: 93x138x95x106

Green Features

  • Efficiency: One Bath, Range/Oven, Refrigerator, Vinyl Floor

Tax Info

  • Taxes Dollar: 1161

Multi Family

  • Total Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Sep 22, 2021
Sold by
St Peter Patrick
Bought by
Paragon Investment Properties Inc
Seller's Agent
Traci Brock
RE/MAX Executive Spartanburg
Buyer's Agent
Thomas Chad Chism
Chism & Associates Real Estate
List Price
$159,900
Sold Price
$147,500
Premium/Discount to List
-$12,400
-7.75%
Current Estimated Value
$225,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,805
Avg. Annual Appreciation
9.13%
Original Mortgage
$247,500
Interest Rate
2.12%

Purchase Details

Closed on
Jul 21, 2006
Sold by
Douglas David A and Douglas Faith T
Bought by
St Peter Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
6.68%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Paragon Investment Properties Inc $147,500 None Available
St Peter Patrick $31,609 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Paragon Investment Properties Inc $247,500
Previous Owner St Peter Patrick L $107,300
Previous Owner St Peter Patrick $72,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $147,500 -7.8% $37 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $159,900 0.0% $40 / Sq Ft
06/12/2021 06/12/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $159,900 -- $40 / Sq Ft
Source: Multiple Listing Service of Spartanburg

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 $4,592 $10,605 $1,164 $9,441
2023 $4,592 $10,605 $1,164 $9,441
2022 $4,130 $9,222 $840 $8,382
2021 $1,174 $2,384 $217 $2,167
2020 $1,162 $2,384 $217 $2,167
2019 $1,161 $2,384 $217 $2,167
2018 $1,119 $2,384 $217 $2,167
2017 $997 $2,074 $176 $1,898
2016 $986 $2,074 $176 $1,898
2015 $974 $2,074 $176 $1,898
2014 $973 $2,074 $176 $1,898
Source: Public Records

Agents Affiliated with this Home

  • Traci Brock

    Seller's Agent in 2021

    Traci Brock

    RE/MAX Executives Charlotte, NC

    (864) 473-4458

    8 in this area

    381 Total Sales

    Traci Brock
    Section Image
  • Thomas Chad Chism

    Buyer's Agent in 2021

    Thomas Chad Chism

    Chism & Associates Real Estate

    (864) 590-4324

    1 in this area

    106 Total Sales

    Thomas Chad Chism
    Section Image
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Map

Source: Multiple Listing Service of Spartanburg

MLS Number: SPN280514

Multiple Listing Service of Spartanburg

APN: 5-16-11-028.00

South Carolina Spartanburg County Wellford 29385

1587 Main St, Wellford, SC

This home is located at 1587 Main St, Wellford, SC 29385 since 12 May 2021 and is currently estimated at $225,305, approximately $56 per square foot. 1587 Main St is a home located in Spartanburg County with nearby schools including Wellford Academy Of Science And Techology, James Byrnes Freshman Academy, and Beech Springs Intermediate School.

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.

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