NOT LISTED FOR SALE

2200 Drive Inn #2 Rd Lincolnton, NC 28092

Estimated Value: $255,145 - $380,000

7 Beds
5 Baths
5,159 Sq Ft
$63/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $165,000 $32 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $1,821/month

37 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • 1 Car Garage
  • Wood Flooring
  • No HOA
  • Laundry in Utility Room

About This Home

As of March 2015

3 RESIDENCES ON 2 ACRES +LARGE WORKSHOP. Unique property UNIT 1=2100 sq ft Single family free standing brick home w/ attach garage. Use as private residence or rental potential approx. $700+ /mo. Currently purposely vacant! UNIT 2 = free standing 925 sq ft vinyl exterior bungalow w/ carport. UNIT 3,4,5 = 3 apartment TRIPLEX. Plus an oversized workshop w/rental potential and a two gar garage. only unit #1 in the Triplex has baseboard heart. All others on heat pumps.

Last Agent to Sell the Property

Faye Bowling

NorthGroup Real Estate LLC Brokerage Email: fayeb4homes@gmail.com License #265493 Listed on: 01/12/2015

NorthGroup Real Estate LLC

Last Buyer's Agent

Faye Bowling

NorthGroup Real Estate LLC Brokerage Email: fayeb4homes@gmail.com License #265493 Listed on: 01/12/2015

NorthGroup Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,449

Year Built

  • Built in 1960

Lot Details

  • 1.93 Acre Lot
  • Lot Dimensions are 299x296x275x290
  • Corner Lot

Parking

  • 1 Car Garage
  • 2 Detached Carport Spaces
  • Driveway
  • 4 Open Parking Spaces

Home Design

  • Triplex
  • Traditional Architecture
  • Vinyl Siding
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 5,159 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows
  • Living Room with Fireplace
  • Crawl Space
  • Storm Doors
  • Laundry in Utility Room

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Schools

  • Love Memorial Elementary School
  • West Lincoln Middle School
  • West Lincoln High School

Utilities

  • Central Heating
  • Heat Pump System
  • Baseboard Heating
  • Community Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water
  • Assessor Parcel Number 21808 & 21807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,449

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Architectural Style: Traditional
  • Year Built: 1960
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Gravel
  • ResoPropertyType: ResidentialIncome
  • Primary Residence Yn: 0
  • Attribution Contact: fayeb4homes@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater
  • Owner Pays: Trash Collection, Water
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Door Features: Storm Door(s)
  • Fireplace Features: Living Room
  • Living Area: 5159
  • Window Features: Insulated Window(s)

Exterior Features

  • New Construction: No
  • Construction Type: Brick Full, Vinyl

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Carport, Driveway, Attached Garage, Detached Garage, Parking Space(s)

Utilities

  • Heating: Baseboard, Central, Electric, Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Utility Room
  • Cooling: Ceiling Fan(s)
  • Water Source: Community Well

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: West Lincoln
  • HOA Subject To: None

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Units: Acres
  • Parcel Number: 21808 & 21807
  • Plat Reference Section Pages: 122
  • Lot Size Acres: 1.93
  • Lot Size: 299x296x275x290
  • Lot Size Sq Ft: 84070
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-T

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 5

MLS Schools

  • Elementary School: Love Memorial
  • High School: West Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2021
Sold by
Engle Tommy M and Engle Patti M
Bought by
Hayden Dr Llc
Current Estimated Value
$322,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$257,102
Interest Rate
3.14%
Mortgage Type
Commercial
Estimated Equity
$65,684

Purchase Details

Listed on
Jan 12, 2015
Closed on
Mar 27, 2015
Sold by
Willis Janice and Willis Kerry
Bought by
Engle Tommy M and Engle Patti M
Seller's Agent
Faye Bowling
NorthGroup Real Estate LLC
Buyer's Agent
Faye Bowling
NorthGroup Real Estate LLC
List Price
$189,900
Sold Price
$165,000
Premium/Discount to List
-$24,900
-13.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$164,000
Interest Rate
3.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hayden Dr Llc $350,000 Lion Title Insurance
Engle Tommy M $165,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayden Dr Llc $280,000
Previous Owner Engle Tommy M $164,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2015 03/31/15 Sold $165,000 -13.1% $32 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $189,900 -- $37 / 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
2025 $1,449 $190,354 $28,098 $162,256
2024 $1,409 $190,354 $28,098 $162,256
2023 $1,344 $190,354 $28,098 $162,256
2022 $1,017 $111,608 $22,878 $88,730
2021 $1,017 $111,608 $22,878 $88,730
2020 $765 $111,608 $22,878 $88,730
2019 $765 $111,608 $22,878 $88,730
2018 $923 $88,904 $21,360 $67,544
2017 $600 $88,904 $21,360 $67,544
2016 $600 $88,904 $21,360 $67,544
2015 $846 $88,904 $21,360 $67,544
2014 $897 $98,533 $32,500 $66,033
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3056639

Canopy MLS (Canopy Realtor® Association)

APN: 21808