NOT LISTED FOR SALE

306 Ardale Dr Unit 1A - 2H High Point, NC 27260

Greater High Point Neighborhood

Estimated Value: $124,630 - $1,059,000

2 Beds
2 Baths
-- Sq Ft
5,227 Sq Ft Lot Lot

Sale Details

Date Sold: November 27, 2023

Last sale price $1,020,000

Current estimated payment $3,823 / mo

118 Days on Market

About This Home

As of November 2023

Great Investment opportunity for a 12 Unit CONDO Building!!! Building is being sold for one price. This building consists of 4 lower units: 2 BD/2 BA, on ground level; 8 upper units have 2 BD/2.5 BA and are 2-story. Each unit has its own tax id: 1A: 0214313, 1B: 0214314, 1C: 0214315, 1D: 0214316, 2A: 0214317, 2B: 0214318, 2C: 0214319, 2D: 0214320, 2E: 0214321, 2F: 0214322, 2G: 0214323, 2H: 0214324. 11 out of 12 units are RENTED! Cash Flow!

Last Agent to Sell the Property

Lah Morrison

Posh Realty License #268551 Listed on: 06/20/2023

Last Buyer's Agent

NONMEMBER NONMEMBER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,199

Year Built

  • Built in 1998

Lot Details

  • 5,227

HOA Fees

  • $1,224 Monthly HOA Fees

Home Design

  • Vinyl Siding

Flooring

  • Carpet
  • Vinyl

Parking

  • Parking Deck
  • Paved Parking

Schools

  • Ferndale Middle School
  • High Point Central

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Washer and Dryer Hookup
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 0214313 0214324
  • 1% Total Tax Rate

Community Details

Overview

  • 2 Units
  • East Gate Village Subdivision

Building Details

  • 12 Leased Units
  • Insurance Expense $1,800
  • New Taxes Expense $8,193
  • Gross Income $123,600

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,199

Year Built

Built in 1998

Lot Details

5,227 Sq Ft Lot

HOA Fees

$1,224 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Lot Size: TBD
  • Subdivision Name: East Gate Village
  • Directions: Take the S Main St exit from I-85BL S/US-29 S/US-70 W. Right on Main St, right on Greenview Terrace to Ardale Dr, building is on the right.
  • Year Built: 1998
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_CityLimitsYN: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Carpet, Vinyl
  • TRIADMLS_ApproxSqFtRange: 10700 - 12600
  • Basement YN: No

Exterior Features

  • Lot Features: City Lot
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Deck, Paved

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 1224
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Fairview
  • High School: High Point Central
  • Middle Or Junior School: Ferndale

Lot Info

  • Parcel #: 0214313 0214324
  • Zoning: CU-RM-12
  • TRIADMLS_PlatPage: 59
  • TRIADMLS_PlatBook: 12
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 12
  • Number Of Units Furnished: None
  • Annual Gross Income: 123600
  • Insurance Expense: 1800
  • Number Of Units Leased: 12

Tax Info

  • New Taxes Expense: 8192.52
  • Tax Annual Amount: 8198.52
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 1.348

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2023
Closed on
Nov 7, 2023
Sold by
Bought by
Seller's Agent
Lah Morrison
Posh Realty
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$1,070,000
Sold Price
$1,020,000
Premium/Discount to List
-$50,000
-4.67%
Views
205
Current Estimated Value
$471,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$548,592
Avg. Annual Appreciation
-26.03%

Purchase Details

Closed on
Aug 14, 2023
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 2020
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2017
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2016
Bought by

Purchase Details

Closed on
Oct 18, 2013
Bought by

Purchase Details

Closed on
Jan 7, 2011
Bought by

Purchase Details

Closed on
Aug 31, 2007
Bought by

Purchase Details

Closed on
Jul 18, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,020,000 None Listed On Document
-- None Listed On Document
$590,000 None Available
$405,000 None Available
-- --
-- --
$10,000 --
$25,500 --
-- --
$506,500 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $270,000
Previous Owner $540,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/27/2023 11/27/23 Sold $1,020,000 0.0% --
10/17/2023 10/17/23 Pending -- -- --
10/02/2023 10/02/23 Price Changed $1,020,000 -4.7% --
06/20/2023 06/20/23 For Sale $1,070,000 -- --
Source: Triad MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $693 $50,300 $8,000 $42,300
2024 $693 $50,300 $8,000 $42,300
2023 $693 $50,300 $8,000 $42,300
2022 $678 $50,300 $8,000 $42,300
2021 $608 $44,100 $8,000 $36,100
2020 $608 $44,100 $8,000 $36,100
2019 $608 $44,100 $0 $0
2018 $605 $44,100 $0 $0
2017 $608 $44,100 $0 $0
2016 $634 $45,200 $0 $0
2015 $637 $45,200 $0 $0
2014 $648 $45,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lah Morrison

    Seller's Agent in 2023

    Lah Morrison

    Posh Realty

    (336) 646-7674

    1 in this area

    11 Total Sales

    Lah Morrison
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Map

Source: Triad MLS

MLS Number: 1109486

Triad MLS

APN: 0214313

North Carolina Guilford County High Point 27260 Greater High Point

306 Ardale Dr Unit 1A - 2H, High Point, NC

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