NOT LISTED FOR SALE

Estimated Value: $310,000 - $428,000

6 Beds
3 Baths
1,950 Sq Ft
$186/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $365,000 $187 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,181/month

31 Days on Market

About This Home

As of October 2023

SELLER FINANCING AVAILABLE!!! In an Opportunity Zone!! Great investment opportunity in an up-and-coming location. Just minutes from uptown, shopping, and both major highways. This triplex sits right next to a bus line for easy transportation. All three units are vacant and boarded up! Additionally, City Council has passed the Unified Development Ordinance where you can build multifamily with more unit(s). Don't pass on this deal.

Last Agent to Sell the Property

James Nelson

JKN Realty Brokerage Email: james@jknrealty.com License #257085 Listed on: 08/01/2023

Last Buyer's Agent

Alexis Mahatha

Keller Williams Ballantyne Area License #311905

Keller Williams Ballantyne Area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,523

Year Built

  • Built in 1961

Lot Details

  • 7,405

Parking

  • Driveway

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 1,950 Sq Ft Home
  • Crawl Space
  • Electric Oven
  • Electric Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • Lincoln Heights Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 075-044-08

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,523

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1961
  • Road Surface Type: Asphalt
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: james@jknrealty.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Appliances: Electric Oven
  • Owner Pays: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Living Area: 1950

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Partial

Garage/Parking

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

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup
  • Cooling: Window Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.17
  • Lot Size Units: Acres
  • Parcel Number: 075-044-08
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R5

Green Features

  • Green Verification Count: 0

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Oct 13, 2023
Sold by
Sky Erie Min Llc
Bought by
Choice Credit Solutions Llc
Seller's Agent
James Nelson
JKN Realty
Buyer's Agent
Alexis Mahatha
Keller Williams Ballantyne Area
List Price
$390,000
Sold Price
$365,000
Premium/Discount to List
-$25,000
-6.41%
Views
280
Current Estimated Value
$361,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,274
Avg. Annual Appreciation
-0.07%
Original Mortgage
$419,900
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2020
Sold by
Wood 29 Llc
Bought by
Sky Erie Min Llc

Purchase Details

Listed on
Jun 24, 2016
Closed on
May 23, 2017
Sold by
Ethio Peroperties Llc
Bought by
Panorama Real Estate Holdings Llc
Seller's Agent
Justin Francis
Keller Williams Ballantyne Area
Buyer's Agent
George Joseph
KJ Realty LLC
List Price
$850,000
Sold Price
$145,000
Premium/Discount to List
-$705,000
-82.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.84%

Purchase Details

Listed on
Sep 18, 2013
Closed on
Oct 22, 2013
Sold by
Federal National Mortgage Association
Bought by
Abera Eskinder
Seller's Agent
Bonnie Downey
Choice Carolina Realty
Buyer's Agent
Jim Cusato
NorthGroup Real Estate LLC
List Price
$19,000
Sold Price
$25,100
Premium/Discount to List
$6,100
32.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.67%

Purchase Details

Closed on
Apr 23, 2013
Sold by
Neal Jerry W and Neal Charlotte F
Bought by
Federal Natiaonl Mortgage Assn

Purchase Details

Closed on
Dec 30, 2004
Sold by
Neal Jerry W and Neal Charlotte F
Bought by
Someday Soon Llc

Purchase Details

Closed on
Oct 24, 2000
Sold by
F T Drakeford Family Llc
Bought by
Neal Jerry W and Neal Charlotte F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.91%

Purchase Details

Closed on
Dec 30, 1998
Sold by
Drakeford Robert T and Drakeford Sandra W
Bought by
F T Drakeford Family Llc
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
Choice Credit Solutions Llc $365,000 None Listed On Document
Sky Erie Min Llc -- None Available
Wood 29 Llc -- None Available
Panorama Real Estate Holdings Llc $145,000 None Available
Abera Eskinder $30,120 None Available
Federal Natiaonl Mortgage Assn $82,026 None Available
Someday Soon Llc -- --
Neal Jerry W $102,000 --
F T Drakeford Family Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choice Credit Solutions Llc $450,000
Closed Choice Credit Solutions Llc $419,900
Previous Owner Neal Jerry W $68,600
Previous Owner Neal Jerry W $75,000
Previous Owner Neal Jerry W $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $365,000 -1.4% $187 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/21/2023 08/21/23 Price Changed $370,000 -2.6% $190 / Sq Ft
08/14/2023 08/14/23 Price Changed $380,000 -2.6% $195 / Sq Ft
08/01/2023 08/01/23 For Sale $390,000 +169.0% $200 / Sq Ft
05/23/2017 05/23/17 Sold $145,000 -82.9% $74 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
06/24/2016 06/24/16 For Sale $850,000 +3286.5% $436 / Sq Ft
10/30/2013 10/30/13 Sold $25,100 +32.1% $39 / Sq Ft
10/10/2013 10/10/13 Pending -- -- --
09/18/2013 09/18/13 For Sale $19,000 -- $29 / 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
2023 $2,523 $287,100 $20,000 $267,100
2022 $2,080 $176,500 $15,000 $161,500
2021 $2,047 $176,500 $15,000 $161,500
2020 $2,025 $176,500 $15,000 $161,500
2019 $1,978 $184,500 $15,000 $169,500
2018 $1,471 $95,300 $9,500 $85,800
2017 $1,423 $95,300 $9,500 $85,800
2016 $1,287 $10,700 $9,500 $1,200
2015 $265 $10,700 $9,500 $1,200
2014 $323 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4055797

Canopy MLS (Canopy Realtor® Association)

APN: 075-044-08