$477,500
SOLD NOV 4, 2024

2703 Homes Dr Morehead City, NC 28557

4 Beds
3 Baths
2,496 Sq Ft
0.42 Acres

Recently Sold

$191 Per Sq Ft

6% Below List Price

32 Days on Market

Highlights

  • Deck
  • 1 Fireplace
  • Porch
  • Morehead City Primary School Rated A-
  • No HOA
  • Storm Windows

About This Home

As of November 2024

Profitable Duplex in Prime Location! This beautifully renovated duplex offers two distinct living spaces, perfect for generating rental income. Conveniently located near shopping, dining, and the beach, this property is an investor's dream. Each unit features granite countertops in the kitchen and stylish shiplap accents under the kitchen bar and around the fireplace. Enjoy your favorite beverage on the large covered front porch and take in the beautiful surroundings. Situated on almost half an acre with live oak trees, this duplex also includes a detached garage, multi-level deck, and ample parking for a boat or RV. This property has been totally renovated within the last 2 years, ensuring modern amenities and a fresh , inviting atmosphere. Don't miss out on this fantastic opportunity to own a profitable rental property in a prime location!

Last Agent to Sell the Property

Phillip Bryant

Waterfront Land Partners License #340845 Listed on: 07/22/2024

Last Buyer's Agent

TAMMY FEREBEE

COLDWELL BANKER SEA COAST ADVANTAGE License #246856

COLDWELL BANKER SEA COAST ADVANTAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,882

Year Built

  • Built in 1945

Lot Details

  • 0.42 Acre Lot
  • Interior Lot
  • Level Lot

Home Design

  • Duplex
  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Combination Dining and Living Room
  • Pull Down Stairs to Attic
  • Storm Windows
  • Laundry closet

Bedrooms and Bathrooms

  • Bedroom Suite
  • 3 Bathrooms
  • Walk-in Shower

Parking

  • 2 Car Detached Garage
  • Driveway

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Propane
  • Propane Water Heater
  • Fuel Tank
  • Community Sewer or Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 637620922416000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,882

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Stairs - Pull Down
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: 1
  • Interior Amenities: Apt/Suite, Walk-in Shower, Ceiling Fan(s)
  • Laundry Location: Closet
  • List Price per Sq Ft: 240.07
  • Total Bathrooms: 3.00
  • Number Bedrooms Total: 4

Exterior Features

  • Exterior Features: Storm Windows
  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Foundation: Block, Slab
  • Porch Balcony Deck: Deck, Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Detached Garage Spaces: 2.00
  • Garage And Parking Other See Remarks: Garage in backyard
  • Garage And Parking R V Boat Spaces: 1.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Paved

Utilities

  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Heating System: Heat Pump
  • Utilities: Community Sewer, Community Water
  • Water Heater: Propane
  • HeatingSystemFuelSource: Propane Gas
  • Sewer: Connected
  • Water Source: Water Connected

Association/Amenities

  • HOA: No
  • Property Mgmt Company: Yes

Lot Info

  • Deed Page: 379.00
  • Lot Acres: 0.42
  • Lot Description: Interior Lot, Level
  • Lot Dimensions: irregular
  • Lot Sq Ft: 18295.00
  • Lot Water Features: None
  • Plat Book: 29
  • Plat Page: 570
  • Zoning: R5

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Tax Info

  • Tax Identifier: 637620922416000
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 1882.32

Multi Family

  • Number Total Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Oct 28, 2024
Sold by
Redneck Investments Llc
Bought by
Lindsey Peter
Seller's Agent
Phillip Bryant
Waterfront Land Partners
Buyer's Agent
TAMMY FEREBEE
COLDWELL BANKER SEA COAST ADVANTAGE
List Price
$509,900
Sold Price
$477,500
Premium/Discount to List
-$32,400
-6.35%
Views
47
Current Estimated Value
$499,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,499
Avg. Annual Appreciation
3.96%
Original Mortgage
$488,174
Outstanding Balance
$483,787
Interest Rate
6.09%
Mortgage Type
VA
Estimated Equity
$8,206

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 30, 2022
Sold by
Tice Gambardella Rustyn
Bought by
Mueller Scott Allan
Seller's Agent
Bradberry Garner Real Estate
Keller Williams Crystal Coast
Buyer's Agent
Lisa Lee
Weichert Realtors At Wave's Edge
List Price
$449,900
Sold Price
$400,000
Premium/Discount to List
-$49,900
-11.09%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.67%
Original Mortgage
$320,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2020
Closed on
Feb 9, 2021
Sold by
New Chapter Homes Llc
Bought by
Gambaradella David
Seller's Agent
Wesley Hart
Century 21 Coastal Advantage
Buyer's Agent
Meredith & Matt Team Johnson
RE/MAX Ocean Properties
List Price
$339,000
Sold Price
$320,000
Premium/Discount to List
-$19,000
-5.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.27%

Purchase Details

Closed on
Mar 18, 2020
Sold by
Crowe James M
Bought by
New Chapler Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
3.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 27, 2006
Sold by
Crowe Stacey
Bought by
Crowe James M
Source: Public Records

Range of Values:

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 Type Sale Price Title Company
Warranty Deed $478,000 None Listed On Document
Warranty Deed $400,000 --
Warranty Deed $320,000 None Available
Trustee Deed $139,000 None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $488,174 VA
Previous Owner $30,000 New Conventional
Previous Owner $320,000 New Conventional
Previous Owner $145,000 Unknown
Previous Owner $224,257 FHA
Previous Owner $235,000 Unknown
Previous Owner $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 Sold $477,500 -6.4% $191 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $509,900 0.0% $204 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
08/09/2024 08/09/24 Price Changed $509,900 -3.6% $204 / Sq Ft
07/22/2024 07/22/24 For Sale $529,000 +32.3% $212 / Sq Ft
09/19/2022 09/19/22 Sold $400,000 -5.9% $159 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
07/05/2022 07/05/22 Price Changed $424,900 -1.2% $169 / Sq Ft
07/05/2022 07/05/22 Price Changed $429,900 -4.4% $171 / Sq Ft
06/17/2022 06/17/22 For Sale $449,900 +40.6% $179 / Sq Ft
03/29/2021 03/29/21 Sold $320,000 -5.6% $123 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $339,000 0.0% $131 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $339,000 -- $131 / Sq Ft
Source: Hive MLS

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 $20 $259,351 $62,356 $196,995
2023 $897 $259,351 $62,356 $196,995
2022 $871 $259,351 $62,356 $196,995
2021 $871 $259,351 $62,356 $196,995
2020 $871 $259,351 $62,356 $196,995
2019 $684 $260,718 $62,356 $198,362
2017 $684 $260,718 $62,356 $198,362
2016 $684 $260,718 $62,356 $198,362
2015 $662 $260,718 $62,356 $198,362
2014 $729 $283,041 $110,584 $172,457
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100457113

Hive MLS

APN: 6376.20.92.2416000