Seller's Agent in 2025
Page Sauder
Page Sauder Properties
(828) 265-9593
37 in this area
85 Total Sales
--
Bed
--
Bath
3,086
Sq Ft
0.35
Acres
Highlights
- Traditional Architecture
- No HOA
- High Speed Internet
- Hardin Park Elementary School Rated A
- Baseboard Heating
- 4-minute walk to Trash Can Falls
About This Home
As of January 2025This walk-to-campus, recently renovated quadplex with 11 parking spaces and (4) 2 bed/1 bath units is an investor's dream! With leases currently renewing reflecting rent revenue at $106,200 annually, providing an 8.2% gross rent ROI for the Aug. '25 - July '26 lease term, along with recently renovated kitchens and baths, flooring and fixtures, and a new roof in 2023, this quadplex is a tremendous turn-key property for any investor looking in the strong student housing market for App State and CCC&TI student populations. With on-site parking available to tenants, walk to campus and downtown Boone for shopping, restaurants, and all the town has to offer, this property offers the convenience students are looking for. Tenants pay electric, cable/internet, and heat with units metered separately for electric. Water/sewer and trash service are included in rent. Floor plans in photos with unit square footage provided by the seller. Current gross rent and parking $103,800, increasing to $106,200 for Aug '25 - July '26. 24 hour notice for showing required. Photos were taken previously, when units were unoccupied. Total square footage represented is from appraiser measurements provided by the seller.
Last Agent to Sell the Property
Page Sauder Properties Brokerage Phone: (828) 263-8924 Listed on: 12/20/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,616
Year Built
- Built in 1945
Lot Details
- 0.35 Acre Lot
Home Design
- 3,086 Sq Ft Home
- Quadruplex
- Traditional Architecture
- Wood Frame Construction
- Shingle Roof
- Asphalt Roof
Schools
- Hardin Park Elementary School
- Watauga High School
Utilities
- No Cooling
- Baseboard Heating
- High Speed Internet
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Long Term Rental Allowed
- Assessor Parcel Number 2900-89-0578-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 20, 2024
Closed on
Jan 28, 2025
Sold by
Spa Properties-Queen St Llc
Bought by
Jlcjs Llc
Seller's Agent
Page Sauder
Page Sauder Properties
Buyer's Agent
Justin Hackler
Boone Realty
List Price
$1,299,000
Sold Price
$1,192,500
Premium/Discount to List
-$106,500
-8.2%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,652
Avg. Annual Appreciation
-5.97%
Purchase Details
Closed on
Nov 29, 2022
Sold by
Lovin John Fulton and Lovin Denise Michelle
Bought by
Spa Properties Queen St Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.95%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,192,500 | None Listed On Document | |
| Warranty Deed | $1,192,500 | None Listed On Document | |
| Special Warranty Deed | $450,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $300,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $1,192,500 | -8.2% | $386 / Sq Ft |
| 12/20/2024 12/20/24 | For Sale | $1,299,000 | -- | $421 / Sq Ft |
Source: High Country Association of REALTORS®
Tax History Compared to Growth
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 | $4,616 | $485,830 | $250,800 | $235,030 |
| 2024 | $4,616 | $485,830 | $250,800 | $235,030 |
| 2023 | $4,276 | $495,690 | $250,800 | $244,890 |
| 2022 | $4,276 | $495,690 | $250,800 | $244,890 |
| 2021 | $2,903 | $245,300 | $171,000 | $74,300 |
| 2020 | $2,829 | $245,300 | $171,000 | $74,300 |
| 2019 | $2,829 | $245,300 | $171,000 | $74,300 |
| 2018 | $0 | $245,300 | $171,000 | $74,300 |
| 2017 | $2,707 | $245,300 | $171,000 | $74,300 |
| 2013 | -- | $324,000 | $228,000 | $96,000 |
Source: Public Records
Agents Affiliated with this Home
-
Page Sauder
-
Justin Hackler
Buyer's Agent in 2025
Justin Hackler
Boone Realty
(828) 773-0614
33 in this area
88 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 252975
APN: 2900-89-0578-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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