NOT LISTED FOR SALE

162 Georgia Ave Boone, NC 28607

Estimated Value: $431,000 - $488,000

2 Beds
3 Baths
1,950 Sq Ft
$238/Sq Ft Est. Value

Sale Details

Date Sold: May 18, 2015

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

Est. 190% increase in value since last sale

Current estimated payment $2,599 / mo

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

  • 16,553 Sq Ft 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

0.38 Acres

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

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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2014
Closed on
May 13, 2015
Sold by
Bought by
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
$464,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,665
Avg. Annual Appreciation
10.08%

Purchase Details

Closed on
Dec 11, 2006
Sold by
Bought by

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

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
$160,000 Attorney
$185,000 None Available
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
Previous Owner $175,750
Source: Public Records

Property 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 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

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

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 $1,125 $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

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