NOT LISTED FOR SALE

Estimated Value: $131,000 - $244,000

2 Beds
1 Bath
1,228 Sq Ft
$161/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $1,250,000 $1,018 Per Sq Ft

Current estimated payment $1,172/month

186 Days on Market

About This Home

As of October 2020

Fabulous investor opportunity! Tenant occupied & well maintained. List price=14 single family homes listed as units w/ details below. List Property rents for $825. 1st Unit: 1224 Beachnut Ln, Salisbury. 2nd Unit: 308 Heilig Ave, Salisbury. 3rd Unit: 1015 New St, Salisbury. 4th Unit: 84 1st Ave, China Grove. 5th Unit: 409 Skyline Dr, Salisbury. 6th Unit: 3460 Hickory Pl Salisbury. 7th Unit: 412 Elm St, Salisbury. 8th Unit: 1102 DeSoto Ave Salisbury. 9th Unit: 3525 Dogwood Ct, Salisbury. 10th Unit: 400 Jordan Ave, Spencer. 11th Unit: 6979 Stokes Ferry Rd, Salisbury. 12th Unit: 3675 E Ridge Rd, Salisbury. 13th Unit: 507 S Iredell Ave, Spencer. Properties rented w/ history of steady tenants. Seller has renovated, rehabbed & maintained for lower maintenance costs & good rent rates. Sold in "as is, where is" condition. Inspections available upon request. Tenant occupied. No showings until contract acceptance. See size and rent rates in photos. Disclosures for all properties in attachments.

Last Agent to Sell the Property

Jill Miller

Helen Adams Realty License #245698 Listed on: 02/11/2020

Helen Adams Realty

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 7,841

Bedrooms and Bathrooms

  • 1 Full Bathroom

Listing and Financial Details

  • Tenant pays for all except water
  • Assessor Parcel Number 164A110

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.94895
  • Ratio Close Price By Original Li: 0.94895
  • Ratio Current Price By Acre: 6944444.44
  • Ratio Current Price By Sq Ft: 1017.92
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 1228

Exterior Features

  • Construction Type: Site Built

Utilities

  • Water: City Water

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Size Area: 0.180
  • Parcel Number: 164A110
  • Zoning Specification: R

Rental Info

  • Tenant Pays: All except water

Tax Info

  • Tax Value: 70612.00
  • Tax Location: China Grove

Multi Family

  • Unit Count: 13
  • Number Of Units Total: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2020
Closed on
Oct 15, 2020
Sold by
Scm Capital Llc
Bought by
Pleasant Valley Rentals Llc
Seller's Agent
Jill Miller
Helen Adams Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,317,250
Sold Price
$1,250,000
Premium/Discount to List
-$67,250
-5.11%
Current Estimated Value
$197,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,052,110
Avg. Annual Appreciation
-31.86%
Original Mortgage
$1,000,000
Outstanding Balance
$897,941
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$708,649

Purchase Details

Closed on
Mar 12, 2015
Sold by
Smith Charlie M and Smith Irene
Bought by
Steadfast Capital Management Llc

Purchase Details

Closed on
Jul 21, 2010
Sold by
Basinger Charles L
Bought by
Smith Charlie M and Black Lydia S
Source: Public Records

Range of Values:

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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
Pleasant Valley Rentals Llc $1,075,000 None Available
Steadfast Capital Management Llc $35,000 None Available
Smith Charlie M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pleasant Valley Rentals Llc $1,000,000
Previous Owner Steadfast Capital Management Llc $247,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $1,250,000 -5.1% $1,018 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
02/11/2020 02/11/20 For Sale $1,317,250 -- $1,073 / 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 $1,410 $130,600 $20,500 $110,100
2024 $1,410 $130,600 $20,500 $110,100
2023 $1,410 $130,600 $20,500 $110,100
2022 $1,032 $84,751 $17,000 $67,751
2021 $1,015 $84,751 $17,000 $67,751
2020 $1,015 $84,751 $17,000 $67,751
2019 $1,015 $84,751 $17,000 $67,751
2018 $864 $70,612 $17,000 $53,612
2017 $864 $70,612 $17,000 $53,612
2016 $864 $70,612 $17,000 $53,612
2015 $877 $70,612 $17,000 $53,612
2014 $880 $72,715 $17,000 $55,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3590839

Canopy MLS (Canopy Realtor® Association)

APN: 164-A110