NOT LISTED FOR SALE

Estimated Value: $359,000 - $401,000

2 Beds
1 Bath
731 Sq Ft
$516/Sq Ft Est. Value

Last Sold January 20, 2022

Last sale price $290,000 $397 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,227/month

Highlights

  • 1.01 Acre Lot
  • Forced Air Heating System
  • 1-Story Property
  • Cooling Available

About This Home

As of January 2022

Excellent opportunity for investor. Both units being sold As Is. 2 duplexes in great location. Room sizes same in all 4 units. Each unit on separate meter. All units currently rented month to month for $550 with long term tenants in all units. Property is in 100 year Flood Zone. Flood insurance required for mortgage. Last years premium to owner was $1200.

Last Agent to Sell the Property

Mary Lou Conklin

David Massey Real Estate License #90917 Listed on: 10/15/2021

Last Buyer's Agent

Tami Koury

Keller Williams Central License #308754

Keller Williams Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,229

Year Built

  • 1999

Lot Details

  • 1.01

Home Design

  • Duplex
  • Vinyl Siding

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 1-Story Property
  • 1.01 Acre Lot

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 127789

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,229

Year Built

1999

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.01
  • Road Surface Type: Paved
  • Directions: From Webb Avenue to right on Flora Avenue Left on Burch Bridge Road. Approximately .6 mile on left. Just before Brook Hills.
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1999
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement YN: No
  • Fireplace: No

Exterior Features

  • Construction Type: Vinyl Siding

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 43996.0
  • Parcel #: 127789
  • Zoning Description: R9

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Jan 4, 2022
Sold by
Dowd Benjamin H
Bought by
M & E Realty Llc
Seller's Agent
Mary Lou Conklin
David Massey Real Estate
Buyer's Agent
Tami Koury
Keller Williams Central
List Price
$269,900
Sold Price
$290,000
Premium/Discount to List
$20,100
7.45%
Current Estimated Value
$377,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,470
Avg. Annual Appreciation
7.53%
Original Mortgage
$232,000
Outstanding Balance
$215,167
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$162,303

Purchase Details

Listed on
Oct 15, 2021
Closed on
Nov 26, 2021
Sold by
Dowd Bryan H and Dowd Susan E
Bought by
Dowd Benjamin H
Seller's Agent
Mary Lou Conklin
David Massey Real Estate
Buyer's Agent
Tami Koury
Keller Williams Central
List Price
$269,900
Sold Price
$290,000
Premium/Discount to List
$20,100
7.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Outstanding Balance
$215,167
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$162,303

Purchase Details

Closed on
Sep 1, 2000
Sold by
Mccauley Larry B
Bought by
Davis Douglas H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
8.24%
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
M & E Realty Llc $290,000 Coleman Bryan
Dowd Benjamin H -- Coleman Bryan
Davis Douglas H $264,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & E Realty Llc $232,000
Closed M & E Realty Llc $232,000
Previous Owner Dowd Bryan H $198,000
Previous Owner Davis Douglas H $121,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $290,000 +7.4% $397 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $269,900 -- $369 / Sq Ft
Source: Alamance Multiple Listing Service

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 $2,229 $381,758 $24,172 $357,586
2024 $2,096 $381,758 $24,172 $357,586
2023 $1,945 $381,758 $24,172 $357,586
2022 $1,273 $166,125 $31,587 $134,538
2021 $1,289 $166,125 $31,587 $134,538
2020 $1,306 $166,125 $31,587 $134,538
2019 $1,296 $166,125 $31,587 $134,538
2018 $0 $166,125 $31,587 $134,538
2017 $1,146 $166,125 $31,587 $134,538
2016 $1,531 $221,861 $31,587 $190,274
2015 $1,542 $230,385 $31,587 $198,798
2014 -- $230,385 $31,587 $198,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alamance Multiple Listing Service

MLS Number: 120182

APN: 127789