NOT LISTED FOR SALE

228 W Broad St Statesville, NC 28677

Estimated Value: $683,369

19 Beds
7 Baths
7,919 Sq Ft
$86/Sq Ft Est. Value

Last Sold June 06, 2018

Last sale price $340,000 $43 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $3,808/month

215 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • 5-minute walk to Pecan Park

About This Home

As of June 2018

GREAT INVESTMENT PROPERTY with Monthly INCOME Tenants in All UNITS. The Units has been getting yearly
repairs and upgrading. Some units have all new HVAC, Plumbing, Carpets and painting. hardwood floors in all units. New roof in 2016
Some of the units have had new windows replaced. The washing machines, dryers and refrigerators will convey with
reasonable offer. Great Location in downtown Statesville. Park right down the road and I77.

Last Agent to Sell the Property

Brock Zevan

Real Broker, LLC License #256028 Listed on: 09/14/2017

Real Broker, LLC

Last Buyer's Agent

Karen Gestwicki

HoneyBee Real Estate License #278067

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.72

Home Design

  • Stucco Exterior

Interior Spaces

  • 7 Full Bathrooms
  • Fireplace

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 4744-16-1130.000

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Sixplex
  • Ratio Close Price By List Price: 0.86076
  • Ratio Close Price By Original Li: 0.69402
  • Ratio Current Price By Acre: 472222.22
  • Ratio Current Price By Sq Ft: 42.93
  • Year Built: 1925
  • Property Features: Range/Oven, Refrigerator
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Full Bathrooms: 7
  • Total Bedrooms: 19
  • Doors and Windows: Screen Door(s)
  • Equipment: CO Detector, Disposal, Electric Dryer Hookup, Electric Range, Refrigerator, Electric Oven
  • Fireplace Description: FAMILYRM
  • Fireplace: Yes
  • Flooring: Carpet, Laminate Tile, Vinyl, Wood
  • Laundry Location: Main, Kitchen
  • Sq Ft Basement: 2079
  • Total Sq Ft: 7919

Exterior Features

  • Construction: Hard Stucco
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Parking: On-Street Parking

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Window Unit
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric, Gas

Lot Info

  • Parcel Number: 4744-16-1130.000
  • Zoning Specification: CBPHD

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 317200.00
  • Tax Location: Statesville

Multi Family

  • Unit Count: 6
  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2021
Sold by
Reich John W and Reich Pamela A
Bought by
Nc Gray Properties Llc
Current Estimated Value
$683,369

Purchase Details

Closed on
May 25, 1984
Bought by
Reich John W and Reich Pamela A

Purchase Details

Closed on
Oct 1, 1983

Purchase Details

Closed on
Jun 1, 1982
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
Nc Gray Properties Llc $200,000 None Available
Reich John W $22,000 --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2018 06/06/18 Sold $340,000 -30.6% $43 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
09/14/2017 09/14/17 For Sale $489,900 +133.3% $62 / Sq Ft
08/18/2015 08/18/15 Sold $210,000 -16.0% $27 / Sq Ft View Prior Sale
07/13/2015 07/13/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $249,900 -- $32 / 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 $2,389 $213,740 $42,300 $171,440
2023 $2,389 $213,740 $42,300 $171,440
2022 $852 $71,910 $28,200 $43,710
2021 $850 $71,710 $28,000 $43,710
2020 $837 $70,630 $28,000 $42,630
2019 $830 $70,630 $28,000 $42,630
2018 $920 $82,980 $46,880 $36,100
2017 $902 $82,980 $46,880 $36,100
2016 $902 $82,980 $46,880 $36,100
2015 $861 $82,980 $46,880 $36,100
2014 $786 $78,980 $46,880 $32,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3320457

Canopy MLS (Canopy Realtor® Association)

APN: 4734-95-1623.000