NOT LISTED FOR SALE

1965 Cabin Ln Stanley, NC 28164

Lowesville Area

Estimated Value: $380,000 - $406,102

9 Beds
4 Baths
3,220 Sq Ft
$122/Sq Ft Est. Value

Sale Details

Date Sold: January 26, 2024

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

Est. 9% increase in value since last sale

Current estimated payment $2,379 / mo

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

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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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

3.8 Acres

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

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
Oct 31, 2023
Closed on
Jan 24, 2024
Sold by
Hoover Robin W and Hoover Leisa H
Bought by
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
$393,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,776
Avg. Annual Appreciation
3.50%
Original Mortgage
$270,000
Outstanding Balance
$262,964
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$130,812

Purchase Details

Closed on
Sep 9, 2014
Sold by
Chad Investments Llc
Bought by
Hoover Robin W and Hoover Leisa H

Purchase Details

Closed on
May 14, 2001
Bought by
Chad Investments Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Stanley, NC

  • Andie Taylor Real Estate Agent - Fit Realty LLC

    Andie Taylor

    Fit Realty LLC

    (980) 446-2388

    64 Total Sales

    2 in Lowesville

    $520K - $570K Price Range

    Andie Taylor
     Section Image
  • Jana Joy Real Estate Agent - Premier South

    Jana Joy

    Premier South

    (980) 949-0715

    105 Total Sales

    1 in Lowesville

    $519,000 Price

    Jana Joy
     Section Image
  • Lorraine Giordano Real Estate Agent - Premier South

    Lorraine Giordano

    Premier South

    (980) 550-4609

    36 Total Sales

    1 in Lowesville

    $157,000 Price

    Lorraine Giordano
     Section Image
  • Karin Hull Real Estate Agent - RE/MAX Executive

    Karin Hull

    RE/MAX Executive

    (980) 288-5431

    109 Total Sales

    1 in Lowesville

    $480,000 Price

    Karin Hull
     Section Image
  • Ginny Jerkins Real Estate Agent - Premier South

    Ginny Jerkins

    Premier South

    (980) 890-6881

    73 Total Sales

    8 in Lowesville

    $15K - $725K Price Range

    Ginny Jerkins
     Section Image
  • Ronnie Coco Real Estate Agent - Keller Williams Advantage

    Ronnie Coco

    Keller Williams Advantage

    (908) 895-6019

    30 Total Sales

    2 in Lowesville

    $176K - $268K Price Range

    Ronnie Coco
     Section Image
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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
$360,000 Statewide Title
Hoover Robin W $154,000 None Available
Chad Investments Llc $110,000 --
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
Open $270,000
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
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

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
2026 $2,606 $338,758 $77,072 $261,686
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

  • Michael Stokes Real Estate Agent - Coldwell Banker Realty

    Seller's Agent in 2024

    Michael Stokes

    Coldwell Banker Realty

    (704) 408-4048

    49 Total Sales

    Michael Stokes
    Section Image
  • Freddy Karmatz Real Estate Agent - FK and Associates Real Estate Firm

    Buyer's Agent in 2024

    Freddy Karmatz

    FK and Associates Real Estate Firm

    (704) 230-0456

    73 Total Sales

    Freddy Karmatz
    Section Image
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Map

Source: Canopy MLS

MLS Number: 4082002

Canopy MLS

APN: 02473

North Carolina Lincoln County Stanley 28164

1965 Cabin Ln, Stanley, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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