NOT LISTED FOR SALE

313 W Union St Morganton, NC 28655

Estimated Value: $173,000

0.45 Acre
$384,444 Price per Acre
19,602 Sq Ft Lot

Last Sold May 02, 2023

Last sale price $140,000

Est. 24% increase in value since last sale

Current estimated payment $1,031/month

41 Days on Market

About This Lot

As of May 2023

Adjusted Price: Seller adjusted to reflect the 146; road frontage by 135' deep measurement. The property is located at one of the City of Morganton's gateways. West Union Street is a coveted location. The historic district, in which the property is located, features a variety of established older homes. This large lot can be used for a one-family residential property; combine it with the back lot 104 Lyman Court PIN# 2703157369) for a larger footprint or add two more additional lots on the (East side 101-103 Lyman Court Pin#2703158591,2703159443) to develop a multi-family project. The location is ideal for the up and coming families who want close proximity to the city's downtown activities, schools and recreational opportunities.

Zoned MID-RRO...the highest and best use of the property is to combine it with the 3 additional lots and develop a much needed housing development in an upscale neighborhood.

Last Agent to Sell the Property

Wendy Cato

Berkshire Hathaway HomeServices Blue Ridge REALTORS® License #264115 Listed on: 03/11/2023

Berkshire Hathaway HomeServices Blue Ridge REALTORS®

Last Buyer's Agent

Matt Crotts

Nest Realty Morganton License #296868

Nest Realty Morganton

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $861

Lot Details

  • Lot Dimensions are 146x135
  • Corner Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Possible uses of the property include Development, Multi-Family, Private Estate
  • Property is zoned MID-RRO

Schools

  • Mountain View Elementary School
  • Walter Johnson Middle School
  • Freedom High School

Listing and Financial Details

  • Assessor Parcel Number 2703156576

Property Details

Property Type

Land

Est. Annual Taxes

$861

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: N/A
  • Special Assessment Yn: 0
  • Restrictions Description: Residential Overlay
  • Special Assessment Description: None
  • Proposed Special Assessment Desc: None
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Possible Use: Development, Multi-Family, Private Estate

Exterior Features

  • Waterfront Features: None
  • Other Structures: None

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Public Sewer
  • Utilities: None
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Walter Johnson
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Corner Lot, Level, Open Lot, Other - See Remarks
  • Lot Size Area: 0.452
  • Lot Size Units: Acres
  • Parcel Number: 2703156576
  • Horse Amenities: None
  • Lot Size: 146x135
  • ResoLotSizeUnits: Acres
  • Zoning Specification: MID-RRO

MLS Schools

  • Elementary School: Mountain View
  • High School: Freedom

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2023
Closed on
Apr 29, 2023
Sold by
Solutio William F Andrews Des-F-I-F-G-Fn
Bought by
Moondance Holdings Llc and Mimosa Development Llc
Seller's Agent
Wendy Cato
Berkshire Hathaway HomeServices Blue Ridge REALTORS®
Buyer's Agent
Matt Crotts
Nest Realty Morganton
List Price
$275,000
Sold Price
$140,000
Premium/Discount to List
-$135,000
-49.09%
Views
56
Current Estimated Value
$173,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,000
Avg. Annual Appreciation
17.69%
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Moondance Holdings Llc $485,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andrews William F $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2023 05/02/23 Sold $140,000 -12.5% --
04/21/2023 04/21/23 Pending -- -- --
03/17/2023 03/17/23 Price Changed $160,000 -41.8% --
03/11/2023 03/11/23 For Sale $275,000 -- --
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
2024 $861 $153,726 $153,726 $0
2023 $861 $153,726 $153,726 $0
2022 $1,068 $153,726 $153,726 $0
2021 $1,068 $153,726 $153,726 $0
2020 $1,047 $153,726 $153,726 $0
2019 $1,068 $153,726 $153,726 $0
2018 $1,068 $153,726 $153,726 $0
2017 $1,068 $153,726 $153,726 $0
2016 $1,045 $153,726 $153,726 $0
2015 $1,045 $153,726 $153,726 $0
2014 $1,045 $153,726 $153,726 $0
2013 $1,045 $153,726 $153,726 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4008381

Canopy MLS (Canopy Realtor® Association)

APN: 5193