NOT LISTED FOR SALE

2470 Lynn Rd Tryon, NC 28782

Estimated Value: $389,141

6 Beds
4 Baths
2,690 Sq Ft
$145/Sq Ft Est. Value

Last Sold May 30, 2019

Last sale price $225,000 $84 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,212/month

284 Days on Market

Highlights

  • Second Kitchen
  • Deck
  • Wooded Lot
  • Mountain View
  • Hilly Lot
  • Traditional Architecture

About This Home

As of May 2019

Lynn Suites - an historic Tryon home, built in the late 1800's that has been divided into 4 separate rental apartments! Each unit is rented for good cash flow - and sold furnished! The property has been set up on short term (weekly, nightly) rent programs in the past with rates of $100 - $150 per night; but currently it is set up on monthly - yearly leases (currently month to month) with rates of $600 - $950 per month. Lots of possibilities for a new owner/operator with the Equestrian Center. Buy now and capitalize on the World Games! Owner pays the water bill. Each apt has its own electric meter. Mostly wood floors throughout the home. 4 new bathrooms with tile, granite, & showers/ tubs. Lots of big decks and open spaces - great for guests to use! One Apartment has its own private fenced yard. 2 owner closets for tools, materials, etc, metal roof, new appliances, low maintenance Brick Ext! Conveniently located between Tryon & Columbus - near I-26! Look at attached documents.

Last Agent to Sell the Property

Jeremy Wood

SC NC Realty Brokerage Email: jeremywoodrealtor@gmail.com License #274782 Listed on: 06/24/2018

Last Buyer's Agent

Genie Dumoulin

Tryon Foothills Realty License #217614

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.65 Acre Lot
  • Fenced
  • Corner Lot
  • Level Lot
  • Hilly Lot
  • Wooded Lot

Home Design

  • Traditional Architecture
  • Tudor Architecture
  • Victorian Architecture
  • Rustic Architecture
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2,690 Sq Ft Home
  • Wired For Data
  • Ceiling Fan
  • Family Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Loft
  • Bonus Room
  • Sun or Florida Room
  • Mountain Views
  • Crawl Space

Kitchen

  • Second Kitchen
  • Gas Oven
  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Disposal

Flooring

  • Bamboo
  • Wood
  • Brick
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Parking

  • 8 Parking Spaces
  • Driveway
  • 4 Open Parking Spaces

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits

Outdoor Features

  • Deck
  • Patio
  • Front Porch

Schools

  • Tryon Elementary School
  • Polk Middle School
  • Polk High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Wall Furnace
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for all except water
  • The owner pays for exterior maintenance, management, water
  • Assessor Parcel Number P48-167

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Fourplex
  • Architectural Style: Rustic, Traditional, Tudor, Victorian
  • Year Built: 1900
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Concrete, Paved
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: jeremywoodrealtor@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space, Slab
  • Fireplace: No
  • Flooring: Bamboo, Brick, Carpet, Laminate, Tile, Wood
  • Interior Amenities: Pantry
  • Room Other: 2nd Kitchen,2nd Primary Bedroom,Bathroom(s),Bed/Bonus,Bedroom(s),Breakfast,Dining Area,Dining Room,Family Room,Kitchen,Laundry,Living Room,Loft,Mud,Primary Bedroom,Sunroom
  • Appliances: Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven
  • Owner Pays: Exterior Maintenance, Management, Water
  • Accessibility Features: Two or More Access Exits, No Interior Steps, Other - See Remarks
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace Features: Other - See Remarks
  • Living Area: 2690

Exterior Features

  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • Fencing: Fenced
  • View: Mountain(s)
  • Waterfront Features: None
  • Exclusions: Tenant Personal Belongings
  • Construction Type: Brick Full, Wood
  • Patio And Porch Features: Deck, Front Porch, Patio, Rear Porch, Side Porch

Garage/Parking

  • Total Parking Spaces: 8
  • Main Level Garage YN: 0
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway, Parking Space(s), Other - See Remarks

Utilities

  • Heating: Central, Heat Pump, Natural Gas, Wall Furnace
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Main Level, Other - See Remarks
  • Cooling: Ceiling Fan(s), Heat Pump, Wall Unit(s)
  • Utilities: Gas, Wired Internet Available
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Corner Lot, Hilly, Level, Wooded
  • Lot Size Units: Acres
  • Parcel Number: P48-167
  • Development Status: Completed
  • Lot Size Acres: 0.65
  • Lot Size Sq Ft: 28314
  • ResoLotSizeUnits: Acres
  • Zoning Specification: M

Rental Info

  • Tenant Pays: All except water
  • Pets Allowed: Conditional

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Tryon
  • High School: Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2018
Closed on
May 29, 2019
Sold by
Hewitt Robert S and Hewitt Elaine C
Bought by
Heindl Mathtew P
Seller's Agent
Jeremy Wood
SC NC Realty
Buyer's Agent
Genie Dumoulin
Tryon Foothills Realty
List Price
$289,000
Sold Price
$225,000
Premium/Discount to List
-$64,000
-22.15%
Current Estimated Value
$389,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,141
Avg. Annual Appreciation
8.57%
Original Mortgage
$220,924
Outstanding Balance
$193,842
Interest Rate
4.1%
Mortgage Type
FHA
Estimated Equity
$195,299

Purchase Details

Listed on
Jun 24, 2018
Closed on
May 24, 2019
Sold by
Hewitt Ft
Bought by
Heindl Mathtew P
Seller's Agent
Jeremy Wood
SC NC Realty
Buyer's Agent
Genie Dumoulin
Tryon Foothills Realty
List Price
$289,000
Sold Price
$225,000
Premium/Discount to List
-$64,000
-22.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,924
Outstanding Balance
$193,842
Interest Rate
4.1%
Mortgage Type
FHA
Estimated Equity
$195,299

Purchase Details

Closed on
Jun 27, 2014
Sold by
Hewitt Robert and Hewitt Elaine
Bought by
The Hewitt Family Property Trust

Purchase Details

Closed on
Dec 31, 1997
Bought by
Hewitt Robert S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Heindl Mathtew P -- --
Heindl Mathtew P -- --
Heindl Mathtew P $225,000 --
The Hewitt Family Property Trust -- None Available
Hewitt Robert S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heindl Mathtew P $220,924
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2019 05/30/19 Sold $225,000 -10.0% $84 / Sq Ft
04/04/2019 04/04/19 Pending -- -- --
01/14/2019 01/14/19 Price Changed $250,000 -9.1% $93 / Sq Ft
07/17/2018 07/17/18 Price Changed $275,000 -4.8% $102 / Sq Ft
06/24/2018 06/24/18 For Sale $289,000 -- $107 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $1,763 $311,043 $65,000 $246,043
2024 $1,753 $246,457 $65,000 $181,457
2023 $1,704 $246,457 $65,000 $181,457
2022 $1,665 $246,457 $65,000 $181,457
2021 $1,616 $246,457 $65,000 $181,457
2020 $1,664 $233,351 $65,000 $168,351
2019 $1,629 $233,351 $65,000 $168,351
2018 $1,590 $233,351 $65,000 $168,351
2017 $1,496 $231,728 $81,250 $150,478
2016 $1,489 $231,728 $81,250 $150,478
2015 $1,429 $0 $0 $0
2014 $1,398 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3406465

Canopy MLS (Canopy Realtor® Association)

APN: P48-167