NOT LISTED FOR SALE

Estimated Value: $360,000 - $480,000

6 Beds
3 Baths
2,100 Sq Ft
$192/Sq Ft Est. Value

Last Sold April 10, 2023

Last sale price $326,667 $156 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,472/month

29 Days on Market

Highlights

  • 0.46 Acre Lot
  • Laundry Room
  • Forced Air Heating System
  • No HOA
  • Four Sided Brick Exterior Elevation
  • 3-minute walk to Lincoln Heights Park

About This Home

As of April 2023

**Investor Special in transitioning Lincoln Heights**

The site has three small 2/1 units located on it. 2 of 3 units are currently occupied. 1 tenant was just removed. The property is sold-is. The property has current code violations.

LA is working to schedule a walkthrough, however, that is complicated by Tenants.

The highest and best use is probably to remove all three houses and build a duplex or something in place.

Last Agent to Sell the Property

Edward Peugh

Real Broker, LLC License #276680 Listed on: 01/04/2023

Real Broker, LLC

Last Buyer's Agent

Ro Garcia

NorthGroup Real Estate LLC License #79306

NorthGroup Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,378

Year Built

  • Built in 1960

Lot Details

  • 0.46

Parking

  • 2 Open Parking Spaces

Home Design

  • 2,100 Sq Ft Home
  • Triplex
  • Four Sided Brick Exterior Elevation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Schools

  • Bruns Avenue Elementary School
  • Ranson Middle School
  • West Charlotte High School

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Additional Features

  • Laundry Room
  • 0.46 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • The owner pays for sewer
  • Assessor Parcel Number 07504102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,378

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1960
  • Road Surface Type: None
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Other - See Remarks
  • Appliances: Electric Water Heater
  • Owner Pays: Sewer
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Living Area: 2100
  • Room Count: 0

Exterior Features

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

Garage/Parking

  • Main Level Garage YN: 0
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Electric, Forced Air
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Lot Size Area: 0.457
  • Lot Size Units: Acres
  • Parcel Number: 07504102
  • Lot Size Acres: 0.457
  • Lot Size Sq Ft: 19906
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-5

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water
  • Pets Allowed: No

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Bruns Avenue
  • High School: West Charlotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2023
Closed on
Apr 10, 2023
Sold by
Highland Property Investments Llc
Bought by
Morales Andres Vega and Charmex Properties Llc
Seller's Agent
Edward Peugh
Real Broker, LLC
Buyer's Agent
Ro Garcia
NorthGroup Real Estate LLC
List Price
$340,000
Sold Price
$326,667
Premium/Discount to List
-$13,333
-3.92%
Views
260
Current Estimated Value
$415,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,666
Avg. Annual Appreciation
12.63%
Original Mortgage
$226,667
Outstanding Balance
$80,503
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$351,497

Purchase Details

Closed on
Mar 1, 2021
Sold by
P3 Partners Llc
Bought by
Highland Property Investments Llc

Purchase Details

Closed on
Sep 1, 2017
Sold by
Peugh Edward
Bought by
P3 Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 5, 2016
Closed on
Sep 28, 2016
Sold by
Olaleye Denise
Bought by
Pengh Edward
Seller's Agent
Shenova Hill
Shenova Hill Real Estste LLC
Buyer's Agent
Bonnie Laslo
Real Estate Realty LLC
List Price
$99,900
Sold Price
$124,193
Premium/Discount to List
$24,293
24.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.07%

Purchase Details

Closed on
Dec 30, 2002
Sold by
Mickle S Russell and Mickle Pauline
Bought by
Davis Nuntia E

Purchase Details

Closed on
Sep 27, 2001
Sold by
Davis Nuntia
Bought by
Mickle S Russell

Purchase Details

Closed on
May 9, 2000
Sold by
Russell Mickle S
Bought by
Davis Nuntia
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
Morales Andres Vega $327,000 None Listed On Document
Highland Property Investments Llc -- None Available
Highland Property Investments Llc -- None Available
P3 Partners Llc -- None Available
Pengh Edward $124,500 None Available
Davis Nuntia E -- --
Mickle S Russell $54,000 --
Davis Nuntia $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Andres Vega $226,667
Previous Owner P3 Partners Llc $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2023 04/10/23 Sold $326,667 -0.4% $156 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $328,000 -0.3% $156 / Sq Ft
01/11/2023 01/11/23 Price Changed $329,000 -2.9% $157 / Sq Ft
01/09/2023 01/09/23 Price Changed $339,000 -0.3% $161 / Sq Ft
01/04/2023 01/04/23 For Sale $340,000 +173.8% $162 / Sq Ft
09/29/2016 09/29/16 Sold $124,193 +24.3% $63 / Sq Ft
08/22/2016 08/22/16 Pending -- -- --
07/05/2016 07/05/16 For Sale $99,900 -- $50 / 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 $2,378 $267,300 $33,300 $234,000
2022 $1,832 $150,800 $20,000 $130,800
2021 $1,799 $150,800 $20,000 $130,800
2020 $1,777 $150,800 $20,000 $130,800
2019 $1,730 $150,800 $20,000 $130,800
2018 $1,689 $111,900 $19,500 $92,400
2017 $1,637 $111,900 $19,500 $92,400
2016 $1,502 $111,900 $19,500 $92,400
2015 $1,574 $111,900 $19,500 $92,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3932598

Canopy MLS (Canopy Realtor® Association)

APN: 075-041-02