NOT LISTED FOR SALE

Estimated Value: $245,000 - $324,000

4 Beds
2 Baths
1,300 Sq Ft
$214/Sq Ft Est. Value

Last Sold December 07, 2018

Last sale price $116,000 $89 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $1,679/month

6 Days on Market

About This Home

As of December 2018

Please do not disturb the long term tenants as both sides are occupied. One side is rented has been completely remodeled. Market rent is $700, but is currently rented for $600. The other side has a tenant that has lived there for 15 years and has not been remodeled recently. That unit is rented for $496.

Last Agent to Sell the Property

Danny Plueddeman

Cabana 17 LLC License #268220 Listed on: 10/27/2018

Last Buyer's Agent

Carla Weyrick

Allen Tate Albemarle License #195410

Allen Tate Albemarle

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 10,454

Home Design

  • Duplex

Additional Features

  • 2 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 075-024-08

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ratio Close Price By List Price: 0.89231
  • Ratio Close Price By Original Li: 0.89231
  • Ratio Current Price By Acre: 483333.33
  • Ratio Current Price By Sq Ft: 89.23
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Equipment: CO Detector, Electric Dryer Hookup, Refrigerator
  • Laundry Location: Main
  • Total Sq Ft: 1300

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Parking: Driveway, Parking Space - 2

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Size Area: 0.240
  • Parcel Number: 075-024-08
  • Zoning Specification: R5

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 71000.00
  • Tax Location: Mecklenburg

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2018
Closed on
Nov 27, 2018
Sold by
Schwartz Brian and Schwartz Tanya
Bought by
Shadwick Claonlca D and The Clconice D Shadwick Rev Trust
Seller's Agent
Danny Plueddeman
Cabana 17 LLC
Buyer's Agent
Carla Weyrick
Allen Tate Albemarle
List Price
$130,000
Sold Price
$116,000
Premium/Discount to List
-$14,000
-10.77%
Current Estimated Value
$278,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,104
Avg. Annual Appreciation
12.93%

Purchase Details

Closed on
Mar 3, 2007
Sold by
Reed Bryan
Bought by
Schwartz Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,950
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 3, 2006
Sold by
Northwest Corridor Community Real Estate
Bought by
Reed Bryan
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
Shadwick Claonlca D $116,000 Investors Title Ins Co
Schwartz Brian $88,500 None Available
Reed Bryan $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schwartz Brian $61,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2018 12/07/18 Sold $116,000 -10.8% $89 / Sq Ft
11/02/2018 11/02/18 Pending -- -- --
10/27/2018 10/27/18 For Sale $130,000 -- $100 / 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 $1,999 $223,400 $61,100 $162,300
2023 $1,917 $223,400 $61,100 $162,300
2022 $1,228 $101,200 $15,000 $86,200
2021 $1,206 $101,200 $15,000 $86,200
2020 $1,191 $101,200 $15,000 $86,200
2019 $1,160 $101,200 $15,000 $86,200
2018 $1,079 $71,000 $10,000 $61,000
2017 $1,045 $71,000 $10,000 $61,000
2016 $973 $71,000 $10,000 $61,000
2015 -- $71,000 $10,000 $61,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3447613

Canopy MLS (Canopy Realtor® Association)

APN: 075-024-08