NOT LISTED FOR SALE

254 Forest St Forest City, NC 28043

Estimated Value: $176,000 - $188,660

4 Beds
2 Baths
1,800 Sq Ft
$101/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $150,500 $84 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,092/month

18 Days on Market

Highlights

  • Ranch Style House
  • Laundry Room
  • Central Heating
  • No HOA
  • Tile Flooring

About This Home

As of August 2022

It is rare to find a duplex in Forest City, it has two units, each unit has 2 bedrooms and 1 bathroom, it is well maintained, The roof has been replaced about four years ago, is located in a very quiet area and it's close to shops, restaurants, and downtown. Each unit pays for its own electricity and its own water. In both units, A and B tenants are renting month to month, The electric range, the washer, and the dryer in unit ( B ) belong to the tenants, they are going to take them with them when they move to another house, in-unit ( A ) The electric range and the refrigerator, the washing machine belong to the owners of the duplex, this duplex is Sold As-Is, and the sellers will not make any repairs. Investors, hurry up, this duplex won't last. Schedule an appointment today.

Last Agent to Sell the Property

Carlos Orozco

NorthGroup Real Estate LLC Brokerage Email: carlosorozco1205@gmail.com License #307895 Listed on: 06/18/2022

NorthGroup Real Estate LLC

Last Buyer's Agent

Thomas Curé

LandCrazy.com License #238447

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,595

Year Built

  • Built in 1980

Lot Details

  • 0.25

Home Design

  • 1,800 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Composition Roof

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Open Parking Spaces

Utilities

  • Central Heating
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Electric Range
  • Laundry Room
  • 0.25 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 425560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,595

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Year Built: 1980
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel, Paved
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: carlosorozco1205@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Other - See Remarks
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Sq Ft Unheated Basement: 0
  • Appliances: Electric Range, Electric Water Heater
  • Owner Pays: None
  • Accessibility Features: Other - See Remarks
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1800

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Other - See Remarks

Garage/Parking

  • Total Parking Spaces: 4
  • Main Level Garage YN: 0
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: In Kitchen
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Other - See Remarks
  • Lot Size Units: Acres
  • Parcel Number: 425560
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Acres
  • Zoning Specification: PRD

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Aug 12, 2022
Sold by
Lazo and Maria
Bought by
Lh & D Llc
Seller's Agent
Carlos Orozco
NorthGroup Real Estate LLC
Buyer's Agent
Thomas Curé
LandCrazy.com
List Price
$169,900
Sold Price
$150,500
Premium/Discount to List
-$19,400
-11.42%
Views
2
Current Estimated Value
$182,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,830
Avg. Annual Appreciation
6.16%
Original Mortgage
$120,400
Outstanding Balance
$115,280
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$67,050

Purchase Details

Closed on
Sep 7, 2005
Sold by
Taylor Jesse S
Bought by
Lazo Monico and Lazo Maria
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
Lh & D Llc $150,500 Goosmann Rose Colvard & Cramer
Lazo Monico $3,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lh & D Llc $120,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2022 08/15/22 Sold $150,500 -11.4% $84 / Sq Ft
06/18/2022 06/18/22 For Sale $169,900 -- $94 / 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
2025 $1,595 $144,200 $12,000 $132,200
2024 $1,524 $144,200 $12,000 $132,200
2023 $771 $144,200 $12,000 $132,200
2022 $771 $63,600 $13,300 $50,300
2021 $574 $63,600 $13,300 $50,300
2020 $574 $63,600 $13,300 $50,300
2019 $558 $63,600 $13,300 $50,300
2018 $544 $60,600 $6,600 $54,000
2016 $544 $60,600 $6,600 $54,000
2013 -- $60,600 $6,600 $54,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3874377

Canopy MLS (Canopy Realtor® Association)

APN: 425560