NOT LISTED FOR SALE

1965 Cabin Ln Stanley, NC 28164

Estimated Value: $381,000 - $396,285

9 Beds
4 Baths
3,220 Sq Ft
$121/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $360,000 $112 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,249/month

32 Days on Market

Highlights

  • Laundry Room
  • Catawba Springs Elementary School Rated A
  • Wood Siding

About This Home

As of January 2024

Offering a rare investment opportunity of two duplexes (4 rentable units) on the same parcel, just south of Denver. Located off of Hwy 16, this property offers convenience and accessibility to nearby amenities and services. The lot is over 3.5 acres with a stream as well. One unit features two (2 bedroom/1 full bath) units, and the other features one 3 bedroom/1 full bath and a 2 bedroom/1 full bath unit. Each unit is occupied with leases currently in month to month status allowing you to maximize return on investment.

Last Agent to Sell the Property

Michael Stokes

Coldwell Banker Realty Brokerage Email: michael.stokes@nestrealty.com License #320524 Listed on: 10/31/2023

Coldwell Banker Realty

Last Buyer's Agent

Freddy Karmatz

FK and Associates Real Estate Firm License #282367

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 3.8

Parking

  • Shared Driveway

Home Design

  • 3,220 Sq Ft Home
  • Slab Foundation
  • Wood Siding

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room

Schools

  • Catawba Springs Elementary School
  • East Lincoln Middle School
  • East Lincoln High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for all except water
  • The owner pays for water
  • Assessor Parcel Number 02473

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Fourplex
  • Year Built: 1974
  • Road Surface Type: Gravel
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: michael.stokes@nestrealty.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Appliances: None
  • Owner Pays: Water
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 9
  • Living Area: 3220

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Wood

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Shared Driveway

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room
  • Cooling: Wall Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: East Lincoln
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02473
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-T

Rental Info

  • Tenant Pays: All except water
  • Pets Allowed: Call

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Catawba Springs
  • High School: East Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Jan 24, 2024
Sold by
Hoover Robin W and Hoover Leisa H
Bought by
Manzolillo Anthony
Seller's Agent
Michael Stokes
Coldwell Banker Realty
Buyer's Agent
Freddy Karmatz
FK and Associates Real Estate Firm
List Price
$400,000
Sold Price
$360,000
Premium/Discount to List
-$40,000
-10%
Views
113
Current Estimated Value
$389,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,071
Avg. Annual Appreciation
4.06%
Original Mortgage
$270,000
Outstanding Balance
$265,275
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$123,796
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
Manzolillo Anthony $360,000 Statewide Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manzolillo Anthony $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2024 01/26/24 Sold $360,000 -4.0% $112 / Sq Ft
12/03/2023 12/03/23 Pending -- -- --
11/24/2023 11/24/23 Price Changed $375,000 -6.3% $116 / Sq Ft
10/31/2023 10/31/23 For Sale $400,000 -- $124 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $2,606 $338,758 $77,072 $261,686
2024 $2,517 $338,758 $77,072 $261,686
2023 $2,497 $338,758 $77,072 $261,686
2022 $1,862 $189,657 $53,434 $136,223
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4082002

Canopy MLS (Canopy Realtor® Association)

APN: 02473