NOT LISTED FOR SALE

1703 & 1705 Arrow Wood Rd Asheboro, NC 27205

Estimated Value: $241,339 - $283,000

-- Bed
2 Baths
-- Sq Ft
0.37 Acres

Last Sold April 29, 2022

Last sale price $190,000

Est. 38% increase in value since last sale

Current estimated payment $1,575/month

10 Days on Market

About This Home

As of April 2022

Investment Opportunity! Brick duplex with 2 – 2 Bedroom/1 Bath units both currently rented. Both units have been recently renovated and each unit is currently rented for $675. Close to hwy 64 with many restaurants, shopping, and, dining nearby! DO NOT DISTURB TENANTS. Contact listing agent for questions/showings/offers.

Last Agent to Sell the Property

Alejandro Adarve

Palmira Realty LLC License #317638 Listed on: 03/25/2022

Last Buyer's Agent

Hannah Hunt

Howard Hanna Allen Tate-Asheboro License #310515

Howard Hanna Allen Tate-Asheboro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,754

Year Built

  • Built in 1991

Lot Details

  • 0.37 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 7760241620
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Dixieland Acres Subdivision

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,754

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.37
  • Subdivision Name: Dixieland Acres
  • Directions: Heading East on HWY 64, make right onto Arrow Wood Rd. Property will be on your left near the end of the road.
  • Year Built: 1991
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway, Paved, No Garage
  • Total Parking Spaces: 2
  • Garage Description: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Heat Pump, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 7760241620
  • Zoning: R-15
  • TRIADMLS_PlatBook: 7-94
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Units Leased: 2

Tax Info

  • Tax Annual Amount: 1754
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 1.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2023
Sold by
Aerion Ns Holdings Llc
Bought by
Luckenbach Properties Llc
Current Estimated Value
$261,585

Purchase Details

Closed on
Sep 28, 2006
Sold by
Brooks Richard A and Brooks Sherry R
Bought by
Santovenia Dariel and Montano Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
6.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 21, 2001
Bought by
Santovenia Dariel Montano Raquel

Purchase Details

Closed on
Feb 28, 1991
Bought by
Santovenia Dariel Montano Raquel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Luckenbach Properties Llc $215,000 None Listed On Document
Santovenia Dariel $110,000 None Available
Santovenia Dariel Montano Raquel $105,000 --
Santovenia Dariel Montano Raquel $5,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santovenia Dariel $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $190,000 -5.0% --
04/14/2022 04/14/22 Pending -- -- --
04/03/2022 04/03/22 For Sale $200,000 -- --
Source: Triad MLS

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 $2,366 $202,400 $30,450 $171,950
2024 $2,478 $202,400 $30,450 $171,950
2023 $2,478 $202,400 $30,450 $171,950
2022 $1,754 $121,670 $24,280 $97,390
2021 $1,754 $121,670 $24,280 $97,390
2020 $1,754 $121,670 $24,280 $97,390
2019 $1,754 $121,670 $24,280 $97,390
2018 $1,621 $110,480 $18,760 $91,720
2016 $1,621 $110,476 $18,760 $91,716
2015 $1,624 $110,476 $18,760 $91,716
2014 -- $110,476 $18,760 $91,716
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1063435

Triad MLS

APN: 7760-24-1620