NOT LISTED FOR SALE

Estimated Value: $126,864 - $246,000

3 Beds
2 Baths
1,560 Sq Ft
$119/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $140,000 $90 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,062/month

Highlights

  • Bathtub with Shower
  • Central Air
  • Storm Doors
  • Luxury Vinyl Plank Tile Flooring
  • Ceiling Fan
  • Heat Pump System

About This Home

As of September 2022

Great investment opportunity for 1st Time Investor, 1st Time Homeowner to reside in one unit and receive rental income on the other or a seasoned investor to add to their Real Estate portfolio. This is a single 2 Bedroom, 1 Bathroom, Central HVAC Duplex with Vinyl Siding. Both units have been previously renovated. Each unit is individually metered for water, sewer and electric, and tenants pay all utilities. As of 02 AUG 2022, both units were 100% occupied and a Professional Property Management Company in place.

Last Agent to Sell the Property

Tony Glasgow

RESOLUTE REALTY LLC. License #209036 Listed on: 09/02/2022

Last Buyer's Agent

Christine Worth

WORTHWHILE REALTY License #318216

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,603

Year Built

  • Built in 1973

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100x138x102x134

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Bathtub with Shower
  • 1,560 Sq Ft Home
  • Ceiling Fan
  • Luxury Vinyl Plank Tile Flooring
  • Storm Doors
  • Laundry on main level

Schools

  • Ferguson-Easley Elementary School
  • Nick Jeralds Middle School
  • E. E. Smith High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for grounds care, management
  • Tax Lot 2 & 3
  • Assessor Parcel Number 0428-97-2576

Community Details

Overview

  • 2 Units
  • Broad Acres Subdivision

Building Details

  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,603

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi Family
  • Lot Size Acres: 0.32
  • Lot Size: 100x138x102x134
  • Ownership: More than a year
  • Subdivision Name: BROAD ACRES
  • Directions: From the intersection of Pamalee Drive & Murchison Road, head southeast on Murchison Road for 1.1 mile. Turn left onto Jasper Street and travel 0.4 miles. Turn left onto Edgar Street, travel 0.2 miles and 2316 Edgar Street Fayetteville, NC 28301 is on the right.
  • Year Built: 1973
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Owner Pays: Grounds Care, Management
  • Door Features: Storm Door(s)
  • Flooring: Luxury Vinyl Plank
  • Interior Amenities: Ceiling Fan(s), Tub Shower
  • Living Area: 1560.0

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Construction Type: Vinyl Siding

Utilities

  • Laundry Features: Main Level, In Unit
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Ferguson-Easley Elementary
  • High School: E. E. Smith High
  • Middle Or Junior School: Nick Jeralds Middle School

Lot Info

  • Parcel #: 0428-97-2576
  • Zoning Description: SF6 - Single Family Res 6

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 15600.0
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Lot: 2 & 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2022
Closed on
Sep 16, 2022
Sold by
Keith Gray Jr Terrance
Bought by
Southern Wake Property Group Llc
Seller's Agent
Tony Glasgow
RESOLUTE REALTY LLC.
Buyer's Agent
Christine Worth
WORTHWHILE REALTY
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Current Estimated Value
$170,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,209
Avg. Annual Appreciation
5.89%
Original Mortgage
$108,500
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2017
Sold by
Betty Draughon
Bought by
Gray Terrance and Hale Darrin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.14%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 1, 2016
Sold by
Smith Melvin and James Sherwin Anthony
Bought by
Gray Terrance Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
3.54%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 13, 2007
Sold by
Downing Michael T
Bought by
Smith Melvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,500
Interest Rate
6.26%
Mortgage Type
New Conventional
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
Southern Wake Property Group Llc $140,000 --
Gray Terrance -- --
Gray Terrance Keith $50,000 Attorney
Smith Melvin $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Southern Wake Property Group L $500,000
Closed Southern Wake Property Group Llc $108,500
Previous Owner Gray Terrance K $82,000
Previous Owner Gray Terrance K $30,000
Previous Owner Gray Terrance --
Previous Owner Gray Terrance Keith $37,500
Previous Owner Smith Melvin $38,890
Previous Owner Smith Melvin $40,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2022 09/20/22 Sold $140,000 -6.7% $90 / Sq Ft
09/03/2022 09/03/22 Pending -- -- --
09/02/2022 09/02/22 For Sale $150,000 -- $96 / Sq Ft
Source: Longleaf Pine REALTORS®

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 $1,603 $54,152 $7,500 $46,652
2023 $1,603 $54,152 $7,500 $46,652
2022 $1,301 $54,152 $7,500 $46,652
2021 $1,301 $54,152 $7,500 $46,652
2019 $1,231 $51,400 $7,500 $43,900
2018 $1,231 $51,400 $7,500 $43,900
2017 $1,046 $51,400 $7,500 $43,900
2016 $886 $53,000 $8,250 $44,750
2015 $879 $53,000 $8,250 $44,750
2014 $868 $53,000 $8,250 $44,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Longleaf Pine REALTORS®

MLS Number: 691769

Longleaf Pine REALTORS®

APN: 0428-97-2576