NOT LISTED FOR SALE

20713 U S 52 Hwy S Albemarle, NC 28001

Estimated Value: $72,096 - $95,000

5 Beds
1 Bath
3,720 Sq Ft
$22/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $150,000 $40 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $471/month

29 Days on Market

About This Home

As of November 2020

5 units, leased month to month at $450. I project the leases could be raised to $550 with no improvements and higher with improvements. Priced at a 9% cap as is with a 30% management / maintenance criteria which is non-existent in reality. Pricing the cash flows as 70%, and selling the property for $150,000 in 15 years leaves an NPV of $64,000 instead of 0. I have allowed $110,000 (approx) in money on the table. I am open to offers and thoughts.

Last Agent to Sell the Property

Bryan Maples

Bryan Maples Listed on: 08/17/2020

Last Buyer's Agent

Bryan Maples

Bryan Maples Listed on: 08/17/2020

Property Details

Home Type

  • Manufactured Home

Year Built

  • Built in 1957

Lot Details

  • 1.26

Parking

  • Gravel Driveway

Home Design

  • Garden Home
  • Vinyl Siding

Additional Features

  • 1 Full Bathroom
  • Crawl Space
  • Many Trees

Listing and Financial Details

  • Tenant pays for cable, electric heat, electricity, exterior maintenance, garbage pick-up, outdoor lighting, water, all utilities
  • Assessor Parcel Number 655601185118

Property Details

Home Type

Manufactured Home

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Fiveplex
  • Architectural Style: Garden
  • Ratio Close Price By List Price: 0.71429
  • Ratio Close Price By Original Li: 0.71429
  • Ratio Current Price By Acre: 119047.62
  • Ratio Current Price By Sq Ft: 40.32
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Foundation Details: Block, Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 5
  • Total Sq Ft: 3720

Exterior Features

  • Construction: Brick Partial, Metal, Vinyl
  • Construction Type: Manufactured, Site Built

Garage/Parking

  • Driveway: Asphalt, Gravel
  • Parking: Lot, Parking Space - 4+

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer, County Sewer
  • Water: City Water, County Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Dimension: 196, 307, 74, 135, 67, 139 per tax record
  • Lot Features: Paved Frontage, Trees, Views
  • Lot Size Area: 1.260
  • Parcel Number: 655601185118
  • Zoning Specification: CountyHB

Rental Info

  • Tenant Pays: Cable, Electric Heat, Electricity, Exterior Maintenance, Garbage Pick-up, Outdoor Lighting, Water, All Utilities

Tax Info

  • Tax Value: 73354.00
  • Tax Location: Stanly

Multi Family

  • Unit Count: 1
  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2023
Sold by
Amko Holdings Llc
Bought by
Poole Wesley
Current Estimated Value
$84,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,250
Outstanding Balance
$41,681
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$38,029

Purchase Details

Listed on
Aug 17, 2020
Closed on
Nov 6, 2020
Sold by
Nance Chucky L
Bought by
Amko Holdings Llc
Seller's Agent
Bryan Maples
Bryan Maples
Buyer's Agent
Bryan Maples
Bryan Maples
List Price
$210,000
Sold Price
$150,000
Premium/Discount to List
-$60,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.39%
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
Poole Wesley $65,000 None Listed On Document
Amko Holdings Llc $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poole Wesley $42,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $150,000 -28.6% $40 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $210,000 -- $56 / 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 $155 $20,450 $20,450 $0
2023 $155 $20,450 $20,450 $0
2022 $1,287 $105,533 $23,310 $82,223
2021 $1,277 $105,533 $23,310 $82,223
2020 $1,041 $73,354 $20,790 $52,564
2019 $1,027 $73,354 $20,790 $52,564
2018 $565 $73,354 $20,790 $52,564
2017 $565 $73,354 $20,790 $52,564
2016 $591 $76,791 $24,025 $52,766
2015 $951 $76,791 $24,025 $52,766
2014 $662 $76,791 $24,025 $52,766
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3652515

Canopy MLS (Canopy Realtor® Association)

APN: 6556-01-18-5118