NOT LISTED FOR SALE

220A,B & C Armour St Davidson, NC 28036

Estimated Value: $629,000 - $1,006,000

4 Beds
4 Baths
2,806 Sq Ft
$278/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $352,000 $125 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $4,441/month

9 Days on Market

About This Home

As of August 2021

Investors take note! One, one level, 1542 sq. ft., 2 bedroom, 2 bath house built in 1911 & added on to & two, two story, 640 sq. ft. & 625 sq. ft., 1 bedroom garage apartments with 1 car garages built in 1999 & 2001 on .207 acre lot. Wood, tile & carpet. SOLD AS-IS! Check with the Town of Davidson for upfit/redevelopment guidance. Rents are below market & could be much higher. The house, 220A, is clean, vacant & easy to show. The 3 roof leaks noted have been repaired. Deck is unsafe! When touring be careful & use all Covid-19 protocols! 220B & 220C are occupied & will not be available to tour inside until under contract, during the Due Diligence Period.

Last Agent to Sell the Property

Terry Dewese

Huntersville Real Estate License #115384 Listed on: 06/17/2021

Last Buyer's Agent

Terry Dewese

Huntersville Real Estate License #115384 Listed on: 06/17/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 8,712

Parking

  • Gravel Driveway
  • Shared Driveway

Home Design

  • Slab Foundation
  • Vinyl Siding

Flooring

  • Wood
  • Parquet
  • Tile

Additional Features

  • 4 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for cable, electricity, gas, all except water
  • Rent includes management fee, sewer, water
  • Assessor Parcel Number 003-263-08

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.88000
  • Ratio Close Price By Original Li: 0.88000
  • Ratio Current Price By Acre: 1700483.09
  • Ratio Current Price By Sq Ft: 125.45
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Crawl Space, Slab
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Disposal, Electric Range, Refrigerator
  • Flooring: Carpet, Parquet, Tile, Wood
  • Laundry Location: Main
  • Total Sq Ft: 2806

Exterior Features

  • Construction: Hardboard Siding, Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel, Shared
  • Parking: Garage - 1 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Heat Pump - AC, Heat Pump - Heat, Wall Unit - AC, Wall Unit Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Dimension: 60Rx150x60x150
  • Lot Features: Paved Frontage
  • Lot Size Area: 0.207
  • Parcel Number: 003-263-08
  • Zoning Specification: VIP

Rental Info

  • Rent Includes: Management Fee, Sewer, Water
  • Tenant Pays: Cable, Electricity, Gas, All except water

Tax Info

  • Tax Value: 393000.00
  • Tax Location: Davidson

Multi Family

  • Unit Count: 3
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Aug 5, 2021
Sold by
Sampson Ralph and Sampson Rebekah Bell
Bought by
Strickland Robert J and Strickland Shelly C
Seller's Agent
Terry Dewese
Huntersville Real Estate
Buyer's Agent
Terry Dewese
Huntersville Real Estate
List Price
$400,000
Sold Price
$352,000
Premium/Discount to List
-$48,000
-12%
Current Estimated Value
$780,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,909
Avg. Annual Appreciation
21.06%

Purchase Details

Closed on
Dec 21, 2011
Sold by
Dos Santos Joel and Dos Santos Helena
Bought by
Sampson Ralph

Purchase Details

Closed on
Nov 15, 2006
Sold by
Corinthian Development Ltd
Bought by
Sampson Ralph and Santos Joel Dos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2003
Sold by
Fannie Mae
Bought by
Corinthian Development Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Sinz Christopher D and Sinz Robin A
Bought by
First Charter Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2002
Sold by
Sinz Christopher D and Sinz Robin A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 10, 1999
Sold by
Thrower Frederick L and Thrower Janice T
Bought by
Sinz Christopher D and Sinz Robin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.7%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Strickland Robert J $352,000 None Available
Sampson Ralph $150,000 None Available
Sampson Ralph $270,000 Chicago Title Insurance Co
Corinthian Development Ltd -- --
First Charter Bank $59,515 --
Federal National Mortgage Association $136,557 --
Sinz Christopher D $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sampson Ralph $216,000
Previous Owner Corinthian Development Ltd $120,000
Previous Owner Sinz Christopher D $60,000
Closed Sinz Christopher D $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2021 08/16/21 Sold $352,000 -12.0% $125 / Sq Ft
06/26/2021 06/26/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $400,000 -- $143 / 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 -- $628,600 $185,700 $442,900
2024 -- $628,600 $185,700 $442,900
2023 $3,564 $628,600 $185,700 $442,900
2022 $3,564 $393,000 $150,000 $243,000
2021 $3,564 $393,000 $150,000 $243,000
2020 $4,286 $393,000 $150,000 $243,000
2019 $4,268 $393,000 $150,000 $243,000
2018 $4,130 $293,600 $150,000 $143,600
2017 $4,098 $293,600 $150,000 $143,600
2016 $3,644 $293,600 $150,000 $143,600
2015 -- $293,600 $150,000 $143,600
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3752691

Canopy MLS (Canopy Realtor® Association)

APN: 003-263-08