NOT LISTED FOR SALE

162 Georgia Ave Boone, NC 28607

Estimated Value: $461,659 - $529,000

2 Beds
3 Baths
1,950 Sq Ft
$250/Sq Ft Est. Value

Last Sold May 18, 2015

Last sale price $160,000 $82 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $2,645/month

290 Days on Market

Highlights

  • Guest House
  • Seasonal View
  • Attic
  • Parkway Elementary School Rated A
  • Traditional Architecture
  • No HOA

About This Home

As of May 2015

This home sings money! Its income totals $1,600/mo; $19,200/yr and at this price it provides a handsome 10.38% return on investment or capitalization rate which is well above the market and far preferable to most alternative investments. In addition the investor will earn depreciation, amortization and stands a high likelihood of appreciation of value in the years to come. A large home with separate living suite downstairs, it is ideally situated for maximum comfortable separate occupancy. Currently rented to four students through July 2016. Two kerosene monitors heat this home - one on each level plus gas logs plus baseboard as back-up. Downstairs there is a second kitchen for a separate living arrangement.

Last Agent to Sell the Property

Bob De Camara

Boone Real Estate Listed on: 07/02/2014

Last Buyer's Agent

Bob De Camara

Boone Real Estate Listed on: 07/02/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $710

Year Built

  • Built in 1992

Lot Details

  • 0.38 Acre Lot
  • Property fronts a private road
  • Southern Exposure
  • Land Lease of $1,600 per month

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Seasonal Views
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Attic

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Open Patio
  • Wrap Around Porch

Additional Homes

  • Guest House

Schools

  • Parkway Elementary School

Utilities

  • Heating System Uses Kerosene
  • Shared Well
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 10-13
  • Assessor Parcel Number 2920-41-4756-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$710

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.38
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Above Grade Finished Sq Ft: 1056.0
  • Architectural Style: Traditional
  • Garage Yn: No
  • Year Built: 1992
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Has Basement: Full, Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 894.0
  • Fireplace Features: One, Gas, Stone, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic
  • Living Area: 1950.0
  • Window Features: Double Pane Windows

Exterior Features

  • View: Seasonal View, Southern Exposure
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Basement
  • Other Structures: Guest House
  • Patio And Porch Features: Open, Wrap Around
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Private

Utilities

  • Heating: Fireplace(s), Kerosene, Other, See Remarks
  • Sewer: Private Sewer
  • Utilities: Cable Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Parkway

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Parcel #: 2920-41-4756-000
  • Zoning Description: None

Rental Info

  • Land Lease Amount: 1600.0

Tax Info

  • Tax Annual Amount: 709.5
  • Tax Book Number: 1367/307 (A Part Of)
  • Tax Lot: 10-13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2014
Closed on
May 13, 2015
Sold by
Moore & Schrader Moore Investment Proper
Bought by
Brown Christopher Allen
Seller's Agent
Bob De Camara
Boone Real Estate
Buyer's Agent
Bob De Camara
Boone Real Estate
List Price
$160,000
Sold Price
$160,000
Current Estimated Value
$488,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,165
Avg. Annual Appreciation
11.05%

Purchase Details

Closed on
Dec 11, 2006
Sold by
Reid Jennifer Taylor and Taylor Jennifer A
Bought by
Moore Sandra Schrader and Moore James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,750
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records
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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
Brown Christopher Allen $160,000 Attorney
Moore Sandra Schrader $185,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore Sandra Schrader $175,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2015 05/18/15 Sold $160,000 0.0% $82 / Sq Ft
04/18/2015 04/18/15 Pending -- -- --
07/02/2014 07/02/14 For Sale $160,000 -- $82 / Sq Ft
Source: High Country Association of REALTORS®

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
2025 $1,101 $236,900 $24,000 $212,900
2024 $11 $236,900 $24,000 $212,900
2023 $1,055 $236,900 $24,000 $212,900
2022 $1,055 $236,900 $24,000 $212,900
2021 $0 $173,600 $20,000 $153,600
2020 $964 $173,600 $20,000 $153,600
2019 $964 $173,600 $20,000 $153,600
2018 $877 $173,600 $20,000 $153,600
2017 $877 $173,600 $20,000 $153,600
2013 -- $150,900 $17,100 $133,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 186230

High Country Association of REALTORS®

APN: 2920-41-4756-000