Seller's Agent in 2019
Peter Franklin
Foxfire Real Estate, LLC
(828) 766-7221
46 Total Sales
202 Overlook Dr Spruce Pine, NC 28777
26
Beds
24
Baths
12,000
Sq Ft
1.52
Acres
Highlights
- City View
- Level Lot
- Carpet
- Front Green Space
About This Home
As of August 2019Income opportunity attracting professionals w/high efficiency & extremely well maintained (like-new), 3 bldg./12-unit homes in prime rental corridor next to hospital & ECU School of Dentistry. Located in one of the most desirable neighborhoods, Eleven 2BD/2BA w/Master suite, two 3BD/2BA, high ceilings, front & rear porch, ramp accessibility on 1st floor & perfect floor plans. 27 pk. spaces, room for equip. bldg./office. 100% occupancy at all times! Current CAP = 8% (T-12= 7%). Excellent upside (CAP= 10%) potential/value-add opportunity for increased rents/NOI, w/no capital expenditures or updates needed (current rents= $200+ below market rate). Strong demographics & high quality employment opportunities. Rising rental pressure in growing town. Next to schools, shopping & employment- 5 min. to all major employers. Additional 4.15 acres on same street = further development w/water & sewer tap already purchased ($78,000; MLS#: 3451543).20 min.- I-40, 50 min.- Asheville, 2hr.- Charlotte.
Last Agent to Sell the Property
Foxfire Real Estate, LLC License #272056 Listed on: 02/08/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2005
Lot Details
- Front Green Space
- Level Lot
- Open Lot
Home Design
- Vinyl Siding
Interior Spaces
- 24 Full Bathrooms
- Insulated Windows
- City Views
- Crawl Space
Flooring
- Carpet
- Vinyl
Listing and Financial Details
- Tenant pays for cable, electricity
- Rent includes sewer, water
- Assessor Parcel Number 0799-06-39-7324
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/16/2019 08/16/19 | Sold | $1,150,000 | -8.0% | $96 / Sq Ft |
| 07/01/2019 07/01/19 | Pending | -- | -- | -- |
| 05/31/2019 05/31/19 | For Sale | $1,250,000 | 0.0% | $104 / Sq Ft |
| 03/04/2019 03/04/19 | Pending | -- | -- | -- |
| 02/08/2019 02/08/19 | For Sale | $1,250,000 | -- | $104 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $7,752 | $1,384,200 | $114,000 | $1,270,200 |
| 2024 | $7,704 | $1,375,700 | $114,000 | $1,261,700 |
| 2023 | $7,704 | $1,375,700 | $114,000 | $1,261,700 |
| 2022 | $7,704 | $1,375,700 | $114,000 | $1,261,700 |
| 2021 | $4,925 | $849,100 | $114,000 | $735,100 |
| 2020 | $4,925 | $849,100 | $114,000 | $735,100 |
| 2019 | $4,925 | $849,100 | $114,000 | $735,100 |
| 2018 | $4,925 | $849,100 | $114,000 | $735,100 |
| 2017 | $5,125 | $883,700 | $114,000 | $769,700 |
| 2016 | $4,684 | $883,700 | $114,000 | $769,700 |
| 2015 | $4,684 | $883,700 | $114,000 | $769,700 |
| 2014 | $4,477 | $844,700 | $75,000 | $769,700 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Franklin
-
David Begley
Buyer's Agent in 2019
David Begley
GreyBeard Realty
(828) 713-6850
41 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CAR3473220
APN: 0799-06-39-7324
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