NOT LISTED FOR SALE

302 E Lake Dr Greensboro, NC 27401

Westerwood Neighborhood

Estimated Value: $273,000 - $460,000

4 Beds
2 Baths
1,944 Sq Ft
$191/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $145,000 $75 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $2,177/month

126 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Enclosed Parking
  • Brooks Global Studies School Rated A-
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of August 2016

MOTIVATED SELLERS! Great investment property in Westerwood! This duplex is close to Downtown & walking distance to UNC Greensboro. Each unit has two bedrooms & one bath + living room & kitchen w breakfast area. Unit A rents @ $690 per month (leased thru Nov 2016), has central heat & air, hardwood floors, & small fenced yard. Unit B rents for $640 per month (leased thru Jan 2017), has central heat & window unit AC. Separately metered, tenants pay utilities.**Prior days notice needed to show**

Last Agent to Sell the Property

Tom Pickard

Berkshire Hathaway HomeServices Yost & Little Realty License #229234 Listed on: 01/18/2016

Berkshire Hathaway HomeServices Yost & Little Realty

Last Buyer's Agent

Andrew Leung

Keller Williams One License #190176

Keller Williams One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,803

Year Built

  • Built in 1951

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 87 x 138

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Storm Doors
  • Washer and Dryer Hookup
  • Attic

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Enclosed Parking
  • Off-Street Parking

Schools

  • Kiser Middle School
  • Grimsley High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0006492
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 1,944 Sq Ft Building
  • Westerwood Subdivision

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,803

Year Built

Built in 1951

Lot Details

0.26 Acres

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Lot Size: 87 x 138
  • Subdivision Name: Westerwood
  • Directions: From Downtown GSO, W/Friendly Ave, R/East Lake
  • Building Stories: 1
  • Year Built: 1951
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_ElevatorYN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Door Features: Storm Door(s)
  • TRIADMLS_ApproxSqFtRange: 1700 - 2100
  • TRIADMLS_Storage: Attic

Exterior Features

  • Construction Type: Brick
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Enclosed, Off Street, On Site
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: Central Air, Window Unit(s)
  • Heating: Forced Air, Natural Gas, Oil
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas, Oil
  • Water Heater: Electric
  • Energy Features: Storm Doors

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lindley Park
  • High School: Grimsley
  • Middle Or Junior School: Kiser

Lot Info

  • Parcel #: 0006492
  • Zoning: RS-7
  • TRIADMLS_PlatPage: 171
  • TRIADMLS_PlatBook: 6-171
  • TRIADMLS_AcresRange: 0 - 0

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Units Furnished: None
  • Number Of Units Leased: 1

Tax Info

  • Tax Annual Amount: 1803
  • Tax Year: 2015
  • TRIADMLS_TaxRate: 1.3925

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2018
Sold by
Garrison Cynthia P and Garrison Douglas K
Bought by
Branson Mill Investments Llc
Current Estimated Value
$372,015

Purchase Details

Listed on
Jan 18, 2016
Closed on
Jul 18, 2016
Sold by
Coble Martin L and Coble Wendy M
Bought by
Garrison Douglas and Garrison Cynthia P
Seller's Agent
Tom Pickard
Berkshire Hathaway HomeServices Yost & Little Realty
Buyer's Agent
Andrew Leung
Keller Williams One
List Price
$165,000
Sold Price
$145,000
Premium/Discount to List
-$20,000
-12.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$108,750
Interest Rate
3.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2009
Bought by
Coble Martin L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Branson Mill Investments Llc -- None Available
Garrison Douglas $145,000 None Available
Coble Martin L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garrison Douglas $108,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2016 08/19/16 Sold $145,000 -12.1% $75 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
01/18/2016 01/18/16 For Sale $165,000 -- $85 / Sq Ft
Source: Triad MLS

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 $2,635 $187,800 $70,000 $117,800
2024 $2,635 $187,800 $70,000 $117,800
2023 $2,635 $187,800 $70,000 $117,800
2022 $2,560 $187,800 $70,000 $117,800
2021 $1,991 $142,900 $68,000 $74,900
2020 $1,991 $142,900 $68,000 $74,900
2019 $1,991 $142,900 $0 $0
2018 $1,933 $142,900 $0 $0
2017 $1,948 $142,900 $0 $0
2016 $1,805 $130,400 $0 $0
2015 $1,816 $130,400 $0 $0
2014 $1,829 $130,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tom Pickard

    Berkshire Hathaway HomeServices Yost & Little Realty

    (336) 253-3606

    14 in this area

    95 Total Sales

    Tom Pickard
    Section Image
  • Andrew Leung

    Buyer's Agent in 2016

    Andrew Leung

    Keller Williams One

    (336) 508-1111

    3 in this area

    66 Total Sales

    Andrew Leung
    Section Image
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Map

Source: Triad MLS

MLS Number: 781905

Triad MLS

APN: 0006492

North Carolina Guilford County Greensboro 27401 Westerwood

302 E Lake Dr, Greensboro, NC

Not Listed for Sale

MultiFamily

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