NOT LISTED FOR SALE

2209 Ridge Rd Unit 10 Monroe, NC 28110

Estimated Value: $398,000 - $1,932,104

21 Beds
10 Baths
8,000 Sq Ft
$124/Sq Ft Est. Value

Last Sold April 14, 2016

Last sale price $370,000 $46 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $6,007/month

242 Days on Market

Highlights

  • Private Lot
  • Traditional Architecture
  • Tile Flooring
  • Porter Ridge Middle School Rated A

About This Home

As of April 2016

Excellent 10 home investment portfolio on over 4 acres with great occupancy history! Perfect opportunity for seasoned or new investors! All 10 homes sit side by side making property management and maintenance convenient! Three homes have new vinyl exteriors in the past two years and the remaining seven are full brick! Great opportunity to subdivide and sell individually! Motivated Seller! Bring all offers! Please attached memorandum for details on the property. Sold "AS IS, WHERE IS".

Last Agent to Sell the Property

Kim Myers

House to Home Realty, LLC License #227509 Listed on: 06/28/2015

Last Buyer's Agent

Pamela Rains

ProStead Realty License #183968

ProStead Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 4.09

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Flooring

  • Laminate
  • Tile
  • Vinyl

Additional Features

  • 10 Full Bathrooms
  • Crawl Space
  • Private Lot

Listing and Financial Details

  • Tenant pays for cable, electric heat, electricity, exterior maintenance
  • Rent includes sewer, garbage pick-up, water
  • Assessor Parcel Number 08-270-009-E

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.92500
  • Ratio Close Price By Original Li: 0.68531
  • Ratio Current Price By Acre: 90398.24
  • Ratio Current Price By Sq Ft: 46.25
  • Year Built: 1965
  • Property Features: Range/Oven, Refrigerator, Cable Available
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Concrete, Crawl Space
  • Full Bathrooms: 10
  • Total Bedrooms: 21
  • Equipment: Electric Range, Refrigerator, Electric Oven
  • Flooring: Laminate Tile, Tile, Vinyl
  • Total Sq Ft: 8000

Exterior Features

  • Construction: Brick Full, Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, Parking Space - 2

Utilities

  • Heating: Electric Hot Air, No A/C
  • Sewer: Septic Tank
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Porter Ridge
  • Middle School: Porter Ridge
  • High School: Porter Ridge

Lot Info

  • Lot Dimension: 4.093
  • Lot Features: Private
  • Lot Size Area: 4.093
  • Parcel Number: 08-270-009-E
  • Plat Reference Section Pages: 27
  • Zoning: Residential
  • Zoning Specification: AFO

Rental Info

  • Rent Includes: Sewer, Garbage Pick-up, Water
  • Tenant Pays: Cable, Electric Heat, Electricity, Exterior Maintenance

Tax Info

  • Tax Value: 504000.00
  • Tax Location: Monroe

Multi Family

  • Unit Count: 10
  • Number Of Units Total: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2023
Sold by
Pham Bently and Pham Athena
Bought by
Benjen Living Trust
Total Days on Market
242
Current Estimated Value
$989,776

Purchase Details

Listed on
Jun 28, 2015
Closed on
Apr 14, 2016
Sold by
Grat Kreg S and Grat Nora
Bought by
Pham Bently and Ngyuen Athena
Seller's Agent
Kim Myers
House to Home Realty, LLC
Buyer's Agent
Pamela Rains
ProStead Realty
List Price
$539,900
Sold Price
$370,000
Premium/Discount to List
-$169,900
-31.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%

Purchase Details

Closed on
Jan 27, 2005
Sold by
Healy Vespa Itan and Healy Vespa Linda
Bought by
Groat Kreg S and Groat Nora
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
Benjen Living Trust -- None Listed On Document
Pham Bently $370,000 None Available
Groat Kreg S $435,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2016 04/14/16 Sold $370,000 -31.5% $46 / Sq Ft
02/25/2016 02/25/16 Pending -- -- --
06/28/2015 06/28/15 For Sale $539,900 -- $67 / 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 $5,408 $824,800 $236,400 $588,400
2023 $5,356 $824,800 $236,400 $588,400
2022 $5,356 $824,800 $236,400 $588,400
2021 $5,358 $824,800 $236,400 $588,400
2020 $3,911 $504,040 $113,540 $390,500
2019 $4,684 $504,040 $113,540 $390,500
2018 $4,684 $504,040 $113,540 $390,500
2017 $4,936 $504,000 $113,500 $390,500
2016 $4,863 $504,040 $113,540 $390,500
2015 $4,914 $504,040 $113,540 $390,500
2014 $3,437 $424,200 $65,560 $358,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3096759

Canopy MLS (Canopy Realtor® Association)

APN: 08-270-009-E