NOT LISTED FOR SALE

228 W Mcneely Ave Mooresville, NC 28115

Estimated Value: $241,000 - $395,000

4 Beds
3 Baths
2,416 Sq Ft
$121/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $274,000 $113 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,776/month

69 Days on Market

Highlights

  • Corner Lot
  • Front Porch
  • More Than Two Accessible Exits
  • Park View Elementary School Rated A-
  • Laundry Room
  • Tile Flooring

About This Home

As of March 2022

Investors Take Notice!! Three income producing units on one parcel of land. 228 W Mcneely is a 2 bedroom 1 bath home directly across the street from Parkview Elementary School. 653 Boger St consists of 2 apartments with 1 Bed & 1 Bath each. Apartment A is upstairs and apartment B is on the ground level. All units are currently rented with rental agreements in place. No inside showings until 2nd showing with 48 hour advanced notice. Excellent location near shopping, schools, restaurants w/Easy Access to Downtown Mooresville.

Last Agent to Sell the Property

Christy Allen

The Allen Team Inc License #83136 Listed on: 10/13/2021

Last Buyer's Agent

Freddy Karmatz

FK and Associates Real Estate Firm License #282367

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,895

Year Built

  • Built in 1939

Lot Details

  • 0.33

Home Design

  • Triplex

Interior Spaces

  • 2,416 Sq Ft Home
  • Den with Fireplace
  • Crawl Space
  • Electric Oven
  • Laundry Room

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors

Parking

  • 4 Parking Spaces
  • 1 to 5 Parking Spaces

Accessible Home Design

  • More Than Two Accessible Exits
  • Ramp on the main level

Schools

  • Parkview Elementary School
  • Mooresville Middle School
  • Mooresville High School

Additional Features

  • Front Porch
  • Corner Lot
  • Natural Gas Connected

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes exterior maintenance, management
  • Assessor Parcel Number 4667-44-1524.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,895

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1939
  • Ratio Current Price By Acre: 830303.03
  • Doors and Windows: Storm Door(s)
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: Triplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space, See Remarks
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Porch: Front
  • Room Other: Laundry,Utility
  • Appliances: CO Detector, Electric Oven, Natural Gas
  • Accessibility Features: Two or More Access Exits, Ramp(s)-Main Level
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Den
  • Living Area: 2416
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 936
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 1
  • Total Sq Ft: 740
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Total Sq Ft: 740
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Other
  • New Construction: No
  • Tax Location: Mooresville
  • Construction Type: Site Built
  • Property Features: Other
  • Waterfront Features: None
  • Construction Type: Other

Garage/Parking

  • Total Parking Spaces: 4
  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Parking Space - 4+

Utilities

  • Heating: None
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: In Kitchen
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Mooresville
  • HOA Subject To: None

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Area: 0.33
  • Lot Size Units: Acres
  • Parcel Number: 4667-44-1524.000
  • Lot Size: 78*141*69*142
  • Additional Parcels Description: Garage Converted to (2) Apartments 653 Boger St A&B
  • Zoning Description: R5

Rental Info

  • Rent Includes: Exterior Maintenance, Management
  • Tenant Pays: All Utilities
  • Pets Allowed: Conditional

Tax Info

  • RATIO List Price By Tax Amount: 2.79570

Multi Family

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

MLS Schools

  • Elementary School: Parkview
  • High School: Mooresville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2023
Sold by
Gazzilla Corp
Bought by
Creative Property Group Llc
Current Estimated Value
$292,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,250
Outstanding Balance
$104,313
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$188,529

Purchase Details

Listed on
Oct 13, 2021
Closed on
Mar 10, 2022
Sold by
Thomas Mcconnell Family Llc
Bought by
Gazzilla Corp
Seller's Agent
Christy Allen
The Allen Team Inc
Buyer's Agent
Freddy Karmatz
FK and Associates Real Estate Firm
List Price
$299,000
Sold Price
$274,000
Premium/Discount to List
-$25,000
-8.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.84%

Purchase Details

Closed on
Feb 16, 2009
Sold by
Thomas Ben S and Mcconnell Angela L
Bought by
Thomas Mcconnell Family Llc

Purchase Details

Closed on
Apr 1, 1997

Purchase Details

Closed on
Nov 1, 1993

Purchase Details

Closed on
Apr 1, 1983
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
Creative Property Group Llc -- None Listed On Document
Gazzilla Corp $274,000 Sandra L Knox Pc
Thomas Mcconnell Family Llc -- None Available
-- -- --
-- $60,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Creative Property Group Llc $105,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2022 03/10/22 Sold $274,000 -8.4% $113 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $299,000 -- $124 / 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 $2,895 $184,660 $48,000 $136,660
2023 $2,715 $184,660 $48,000 $136,660
2022 $1,933 $106,950 $20,000 $86,950
2021 $1,921 $106,950 $20,000 $86,950
2020 $1,921 $106,950 $20,000 $86,950
2019 $1,910 $106,950 $20,000 $86,950
2018 $1,636 $86,660 $20,000 $66,660
2017 $1,456 $86,660 $20,000 $66,660
2016 $1,456 $86,660 $20,000 $66,660
2015 $1,456 $86,660 $20,000 $66,660
2014 $1,394 $84,660 $15,000 $69,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3791659

Canopy MLS (Canopy Realtor® Association)

APN: 4667-44-1524.000