NOT LISTED FOR SALE

312 E Sumter St Shelby, NC 28150

Shelby Area

Estimated Value: $79,000 - $144,000

31 Beds
16 Baths
13,943 Sq Ft
$8/Sq Ft Est. Value

Sale Details

Date Sold: July 7, 2021

Last sale price $685,000 $49 Per Sq Ft

Current estimated payment $635 / mo

7 Days on Market

About This Home

As of July 2021

Great investment opportunity! Total of 9 apartments (2 buildings), 5 houses, former laundromat, and block garage/shop building. All 8 parcels being sold together - will not divide. Properties built from 1925 to 1988. Electric, water, septic, and garbage pick up are all City of Shelby.

Last Agent to Sell the Property

Tracy Whisnant

RE/MAX Select License #247445 Listed on: 03/24/2021

RE/MAX Select

Last Buyer's Agent

Jessica Sinski

Carolina Residential Group LLC License #285464

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 2.4

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • 16 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes exterior maintenance
  • Assessor Parcel Number 17282, 17908, 17909, 17911,17283, 17907, 17910, 17
  • Tax Block 2/11-18

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

2.4 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Ratio Close Price By List Price: 1.05385
  • Ratio Close Price By Original Li: 1.05385
  • Ratio Current Price By Acre: 285179.02
  • Ratio Current Price By Sq Ft: 49.13
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space, Slab
  • Full Bathrooms: 16
  • Total Bedrooms: 31
  • Laundry Location: Main
  • Total Sq Ft: 13943

Exterior Features

  • Construction: Brick Full, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, On-Street Parking, Parking Space - 4+

Utilities

  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Parcel Number: 17282, 17908, 17909, 17911,17283, 17907, 17910, 17
  • Plat Book Slide: S4
  • Zoning Specification: Gen Busi

Rental Info

  • Rent Includes: Exterior Maintenance
  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 247444.00
  • Tax Block: 2/11-18
  • Tax Location: Shelby

Multi Family

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

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
Mar 24, 2021
Closed on
May 14, 2021
Sold by
Bought by
Seller's Agent
Tracy Whisnant
RE/MAX Select
Buyer's Agent
Jessica Sinski
Carolina Residential Group LLC
List Price
$650,000
Sold Price
$685,000
Premium/Discount to List
$35,000
5.38%
Current Estimated Value
$111,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$573,500
Avg. Annual Appreciation
-30.40%
Original Mortgage
$513,750
Interest Rate
0.029%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 2017
Sold by
Bought by
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

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
$685,000 None Available
$6,329 None Available
-- 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 $513,750
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
07/07/2021 07/07/21 Sold $685,000 +5.4% $49 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $650,000 -- $47 / Sq Ft
Source: Canopy 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 $510 $51,223 $6,497 $44,726
2024 $321 $24,564 $3,503 $21,061
2023 $321 $24,564 $3,503 $21,061
2022 $319 $24,564 $3,503 $21,061
2021 $321 $24,564 $3,503 $21,061
2020 $184 $13,055 $3,390 $9,665
2019 $184 $13,055 $3,390 $9,665
2018 $183 $13,055 $3,390 $9,665
2017 $179 $13,055 $3,390 $9,665
2016 $178 $13,055 $3,390 $9,665
2015 $273 $22,065 $3,390 $18,675
2014 $273 $22,065 $3,390 $18,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: CAR3716965

Canopy MLS

APN: 17282

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