NOT LISTED FOR SALE

312 E Sumter St Shelby, NC 28150

Shelby Area

Estimated Value: $94,000

31 Beds
16 Baths
13,943 Sq Ft
$7/Sq Ft Est. Value

Sale Details

Date Sold: July 7, 2021

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

Current estimated payment $564 / 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

REMAX Select License #247445 Listed on: 03/24/2021

REMAX Select

Last Buyer's Agent

Jessica Sinski

Carolina Residential Group LLC License #285464

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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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
Queen Joe Michael and Queen Lisa Benfield
Bought by
Seller's Agent
Tracy Whisnant
REMAX 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
$94,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$591,000
Avg. Annual Appreciation
-31.75%
Original Mortgage
$513,750
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2020
Sold by
Miller Eckles and County Of Cleveland
Bought by
Alkhiami Raed Mhd

Purchase Details

Closed on
Oct 26, 2017
Sold by
Fortenberry Patricia Q and Fortenberry Carl
Bought by
Queen Joe Michael and Queen Lisa Benfield
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Shelby, NC

  • Virginia Eudy Real Estate Agent - RE/MAX Executive

    Virginia Eudy

    RE/MAX Executive

    (980) 890-9332

    47 Total Sales

    1 in Shelby

    $270,000 Price

    Virginia Eudy
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  • Crystal Honeycutt Real Estate Agent - Mountain Lake Realty

    Crystal Honeycutt

    Mountain Lake Realty

    (828) 655-7887

    116 Total Sales

    1 in Shelby

    $295,000 Price

    Crystal Honeycutt
     Section Image
  • Kerianne Wilcox Real Estate Agent - Wilcox Real Estate Group

    Kerianne Wilcox

    Wilcox Real Estate Group

    (980) 990-2420

    85 Total Sales

    3 in Shelby

    $150K - $320K Price Range

    Kerianne Wilcox
     Section Image
  • Vickie Spurling Real Estate Agent - Vickie Spurling Realty Inc

    Vickie Spurling

    Vickie Spurling Realty Inc

    (980) 552-8671

    286 Total Sales

    45 in Shelby

    $30K - $650K Price Range

    Vickie Spurling
     Section Image
  • Donna Collier Real Estate Agent - Carolina Homes Connection, LLC

    Donna Collier

    Responds Quickly

    Carolina Homes Connection, LLC

    (980) 352-1923

    174 Total Sales

    2 in Shelby

    $195K - $422K Price Range

    Donna Collier
     Section Image
  • Carolina Flores Real Estate Agent - Granite Real Estate Investments, LLC

    Carolina Flores

    Granite Real Estate Investments, LLC

    (704) 727-4855

    71 Total Sales

    9 in Shelby

    $152K - $360K Price Range

    Carolina Flores
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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
Alkhiami Raed Mhd $6,329 None Available
Queen Joe Michael -- 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
2026 $510 $51,223 $6,497 $44,726
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

  • Tracy Whisnant Real Estate Agent - REMAX Select

    Seller's Agent in 2021

    Tracy Whisnant

    REMAX Select

    (704) 477-7391

    519 Total Sales

    Tracy Whisnant
    Section Image
  • Jessica Sinski Real Estate Agent - Carolina Residential Group LLC

    Buyer's Agent in 2021

    Jessica Sinski

    Carolina Residential Group LLC

    (980) 365-3575

    78 Total Sales

    Jessica Sinski
    Section Image
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Map

Source: Canopy MLS

MLS Number: CAR3716965

Canopy MLS

APN: 17282

North Carolina Cleveland County Shelby 28150

312 E Sumter St, Shelby, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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