$67,500
SOLD APR 3, 2019

205 E Phifer St Monroe, NC 28110

-- Bed
-- Bath
2,033 Sq Ft
0.51 Acres

Recently Sold

$33 Per Sq Ft

7% Below List Price

17 Days on Market

About This Home

As of July 2025

Great Opportunity to own an investment property close to downtown Monroe. BELOW recent APPRAISAL. Motivated sellers. This property is a shell that you can put your own finishing touches on the inside layout. Large fenced in back yard with mature trees. Back yard also has a cement walkway to a patio area with an outdoor fireplace.

This property used to be a multi-family (4 unit) but is currently zoned for General Business (retail, office and business etc.). This property would need to be rezoned for multi family by the City of Monroe. Please contact the City to find out more details. 2033 sq ft that is currently not heated.

Last Agent to Sell the Property

Brian Mahoney

The Agency at Pimentel Garcia LLC License #251721 Listed on: 02/18/2019

The Agency at Pimentel Garcia LLC

Last Buyer's Agent

Marty Briggs

Cottage Real Estate License #279606

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Additional Features

  • Concrete Flooring
  • Crawl Space
  • Level Lot

Listing and Financial Details

  • Assessor Parcel Number 09-225-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.93103
  • Ratio Close Price By Original Li: 0.93103
  • Ratio Current Price By Acre: 131835.94
  • Ratio Current Price By Sq Ft: 33.20
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Concrete
  • Total Sq Ft: 2033

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard

Garage/Parking

  • Driveway: Concrete, Gravel
  • Parking: Driveway

Utilities

  • Sewer: City Sewer
  • Water: City Water

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.512
  • Parcel Number: 09-225-025
  • Zoning Specification: GB

Tax Info

  • Tax Value: 128400.00
  • Tax Location: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2019
Closed on
Mar 18, 2019
Sold by
Dms Capital Llc
Bought by
Ngo Toan Manh
Seller's Agent
Brian Mahoney
The Agency at Pimentel Garcia LLC
Buyer's Agent
Marty Briggs
Cottage Real Estate
List Price
$72,500
Sold Price
$67,500
Premium/Discount to List
-$5,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%

Purchase Details

Closed on
Jul 13, 2018
Sold by
Gm Realty Holdings Llc
Bought by
Dms Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 10, 2015
Sold by
Penegar Bobbie P
Bought by
Gm Realty Holdings Llc

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
3.79%
Mortgage Type
Future Advance Clause Open End Mortgage
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 Type Sale Price Title Company
Warranty Deed $68,000 Barristers Title Services
Warranty Deed $245,000 None Available
Warranty Deed $45,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $392,000 Future Advance Clause Open End Mortgage
Previous Owner $150,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Sold $109,000 -21.6% $54 / Sq Ft
06/06/2025 06/06/25 For Sale $139,000 +105.9% $68 / Sq Ft
04/03/2019 04/03/19 Sold $67,500 -6.9% $33 / Sq Ft
03/07/2019 03/07/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $72,500 -- $36 / 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
2024 $1,495 $137,100 $102,400 $34,700
2023 $1,495 $137,100 $102,400 $34,700
2022 $1,495 $137,100 $102,400 $34,700
2021 $1,495 $137,100 $102,400 $34,700
2020 $1,730 $128,400 $102,400 $26,000
2019 $1,730 $128,400 $102,400 $26,000
2018 $791 $128,400 $102,400 $26,000
2017 $1,802 $131,800 $102,400 $29,400
2016 $1,783 $131,800 $102,400 $29,400
2015 $1,023 $131,800 $102,400 $29,400
2014 $1,268 $103,910 $89,210 $14,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3476123

Canopy MLS (Canopy Realtor® Association)

APN: 09-225-025