NOT LISTED FOR SALE

201 Church St Elkin, NC 28621

Estimated Value: $486,000 - $770,000

-- Bed
-- Bath
11,962 Sq Ft
$54/Sq Ft Est. Value

Last Sold January 18, 2017

Last sale price $200,000 $17 Per Sq Ft

Est. 226% increase in value since last sale

Current estimated payment $3,763/month

74 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Laundry Facilities
  • Elkin Middle School Rated A
  • Forced Air Heating System
  • Wood Siding

About This Home

As of January 2017

Investment Opportunity! 11 units in three buildings with great Cap Rate. Several improvements have been made; metal roof, water heaters, 2 natural gas furnaces and blown insulation. Current 100% occupancy rating. Positive cash flow.

Last Agent to Sell the Property

Jim Logan

NorthGroup Real Estate License #282190 Listed on: 08/29/2016

NorthGroup Real Estate

Last Buyer's Agent

Jim Logan

NorthGroup Real Estate License #282190 Listed on: 08/29/2016

NorthGroup Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,368

Year Built

  • Built in 1885

Lot Details

  • 0.4

Home Design

  • Wood Siding
  • Vinyl Siding

Flooring

  • Wood
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 495114335298
  • 1% Total Tax Rate

Community Details

Building Details

  • Fuel Expense $2,560
  • Insurance Expense $3,774
  • Water Sewer Expense $3,725
  • New Taxes Expense $2,551
  • Gross Income $56,100
  • Net Operating Income $43,000

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,368

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: .37
  • Directions: Main Street Elkin - Turn left on Church Street and building on Left.
  • Year Built: 1885
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Gas Water Heater
  • Flooring: Vinyl, Wood
  • TRIADMLS_Storage: Basement Bins

Exterior Features

  • Construction Type: Vinyl Siding, Wood Siding

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Coin Laundry
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric, Gas

Condo/Co-op/Association

  • Association: No

Fee Information

  • Annual Fuel Expense: 2560
  • Annual Water Sewer Expense: 3725

Lot Info

  • Parcel #: 495114335298
  • Zoning: R12
  • TRIADMLS_DeedPage: 745
  • TRIADMLS_DeedBook: 1139
  • TRIADMLS_AcresRange: -

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Multi Family

  • Annual Gross Income: 56100
  • Insurance Expense: 3774
  • Property Net Operating Income: 43000

Tax Info

  • New Taxes Expense: 2551
  • Tax Annual Amount: 2368
  • Tax Year: 2016
  • TRIADMLS_TaxRate: 0.72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2024
Sold by
Black And Gold Investment Group Llc
Bought by
Ddc Ventures Llc
Current Estimated Value
$651,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Outstanding Balance
$354,031
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$312,216

Purchase Details

Closed on
Jul 21, 2020
Sold by
Kjdt Llc
Bought by
Black & Gold Invest Grp Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,850
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2017
Sold by
Specht Jeremy Lee
Bought by
Kjdt Llc

Purchase Details

Listed on
Aug 29, 2016
Closed on
Jan 11, 2017
Sold by
Specht Jeremy Lee and Specht Andrea J
Bought by
Kfdt Llc
Seller's Agent
Jim Logan
NorthGroup Real Estate
Buyer's Agent
Jim Logan
NorthGroup Real Estate
List Price
$210,000
Sold Price
$200,000
Premium/Discount to List
-$10,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.00%

Purchase Details

Closed on
Jun 19, 2006
Sold by
Simms David J and Simms Deborah Ann
Bought by
Specht Jeremy Lee and Specht Andrea J

Purchase Details

Closed on
Feb 2, 2005
Sold by
Luffman Bobby F and Jordan Betty N
Bought by
Simms David J and Simms Deborah Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.68%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Ddc Ventures Llc $550,000 None Listed On Document
Ddc Ventures Llc $550,000 None Listed On Document
Black & Gold Invest Grp Llc $430,500 None Available
Kjdt Llc -- None Available
Kfdt Llc $200,000 None Available
Specht Jeremy Lee $270,500 None Available
Simms David J $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ddc Ventures Llc $357,500
Closed Ddc Ventures Llc $357,500
Previous Owner Black & Gold Invst Gr Llc $322,000
Previous Owner Black & Gold Invest Grp Llc $272,850
Previous Owner Simms David J $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2017 01/18/17 Sold $200,000 -4.8% $17 / Sq Ft
11/12/2016 11/12/16 Pending -- -- --
08/29/2016 08/29/16 For Sale $210,000 -- $18 / Sq Ft
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
2024 $2,550 $294,950 $22,000 $272,950
2023 $1,628 $294,950 $22,000 $272,950
2022 $2,517 $294,950 $22,000 $272,950
2021 $2,550 $294,950 $22,000 $272,950
2020 $1,787 $180,940 $22,000 $158,940
2019 $1,754 $180,940 $22,000 $158,940
2018 $1,733 $180,940 $0 $0
2017 $1,708 $180,940 $0 $0
2016 $1,690 $179,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Logan

    Seller's Agent in 2017

    Jim Logan

    NorthGroup Real Estate

    (336) 466-6210

    7 in this area

    127 Total Sales

    Jim Logan
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Map

Source: Triad MLS

MLS Number: 806090

Triad MLS

APN: 4951-14-33-5298

North Carolina Surry County Elkin 28621

201 Church St, Elkin, NC

This home is located at 201 Church St, Elkin, NC 28621 since 29 August 2016 and is currently estimated at $651,487, approximately $54 per square foot. This property was built in 1885. 201 Church St is a home located in Surry County with nearby schools including Elkin Elementary School, Elkin Middle School, and Elkin High School.

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