NOT LISTED FOR SALE

221 Underwood St Unit A-C Asheboro, NC 27203

Estimated Value: $219,000 - $252,000

-- Bed
3 Baths
-- Sq Ft
0.36 Acres

Last Sold December 20, 2017

Last sale price $110,000

Est. 111% increase in value since last sale

Current estimated payment $1,384/month

138 Days on Market

Highlights

  • No HOA
  • Attached Carport
  • Central Air

About This Home

As of December 2017

Remodeled triplex, fully leased, two 1 bedroom, 1 bath units on main level, and one 2 bedroom, 1 bath unit upstairs, single carport and on-site parking. Great income stream!

Last Agent to Sell the Property

Jillian West

AgSouth Farm Credit License #280231 Listed on: 06/24/2017

Last Buyer's Agent

Tyler Wilhoit

Tyler Redhead & McAlister Real Estate, LLC License #254506

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,190

Year Built

  • Built in 1935

Lot Details

  • 0.36

Parking

  • 1 Car Garage
  • Attached Carport

Home Design

  • Triplex

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Insulated Windows
  • 0.36 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 7762057988
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 2,542 Sq Ft Building
  • Rosemont Park Subdivision

Building Details

  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,190

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.36
  • Lot Size: See Deed
  • Subdivision Name: Rosemont Park
  • Directions: North Fayetteville St, right on Underwood St; from 220 Bypass, Vision Dr exit, left onto Fayetteville St, right onto Underwood St
  • Year Built: 1935
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • TRIADMLS_ApproxSqFtRange: 2200 - 2700

Exterior Features

  • Pool Features: None
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Carport, On Site, Attached Carport
  • Garage Description: Attached Carport

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric
  • Energy Features: Insulated Windows

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 7762057988
  • Zoning: RA-6
  • TRIADMLS_PlatPage: 127
  • TRIADMLS_PlatBook: 1
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Units Furnished: None
  • Annual Gross Income: 15600

Tax Info

  • Tax Annual Amount: 1190
  • Tax Year: 2016
  • TRIADMLS_TaxRate: 1.4675

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2017
Closed on
Dec 20, 2017
Sold by
Allen Larry M and Allen Sue B
Bought by
Wabro Investments Llc
Seller's Agent
Jillian West
AgSouth Farm Credit
Buyer's Agent
Tyler Wilhoit
Tyler Redhead & McAlister Real Estate, LLC
List Price
$135,000
Sold Price
$110,000
Premium/Discount to List
-$25,000
-18.52%
Current Estimated Value
$231,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,974
Avg. Annual Appreciation
9.83%
Original Mortgage
$88,000
Outstanding Balance
$73,837
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$158,137

Purchase Details

Closed on
May 30, 2007
Sold by
Allen Larry M and Allen Sue B
Bought by
Voncannon Wanda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,600
Interest Rate
6.12%
Mortgage Type
Construction

Purchase Details

Closed on
May 25, 2007
Sold by
Branch Banking & Trust Co
Bought by
Allen Larry M and Allen Sue B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,600
Interest Rate
6.12%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 13, 1999
Bought by
Allen Larry Allen Sue
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wabro Investments Llc $110,000 None Available
Voncannon Wanda S -- None Available
Allen Larry M $35,000 None Available
Allen Larry Allen Sue $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wabro Investments Llc $88,000
Previous Owner Allen Larry M $98,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2017 12/20/17 Sold $110,000 -18.5% --
11/10/2017 11/10/17 Pending -- -- --
06/24/2017 06/24/17 For Sale $135,000 -- --
Source: Triad MLS

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 $1,961 $147,980 $25,060 $122,920
2024 $1,961 $147,980 $25,060 $122,920
2023 $1,961 $147,980 $25,060 $122,920
2022 $1,459 $101,190 $15,120 $86,070
2021 $1,459 $101,190 $15,120 $86,070
2020 $1,459 $101,190 $15,120 $86,070
2019 $1,459 $101,190 $15,120 $86,070
2018 $1,190 $81,100 $15,120 $65,980
2016 $1,190 $81,095 $15,180 $65,915
2015 $1,203 $81,095 $15,180 $65,915
2014 -- $81,095 $15,180 $65,915
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jillian West

    AgSouth Farm Credit

    (336) 480-7652

    1 Total Sale

    Jillian West
    Section Image
  • Tyler Wilhoit

    Buyer's Agent in 2017

    Tyler Wilhoit

    Tyler Redhead & McAlister Real Estate, LLC

    (336) 460-2495

    199 in this area

    388 Total Sales

    Tyler Wilhoit
    Section Image
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Map

Source: Triad MLS

MLS Number: 839983

Triad MLS

APN: 7762-05-7988

North Carolina Randolph County Asheboro 27203

221 Underwood St Unit A-C, Asheboro, NC

Not Listed for Sale

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