Seller's Agent in 2022
Lane Young
Express Home Realty
(336) 926-8954
7 in this area
95 Total Sales
315 Hillcrest Dr Lexington, NC 27292
8
Beds
6
Baths
3,677
Sq Ft
0.27
Acres Lot
Highlights
- Wood Flooring
- No HOA
- Community Storage Space
- Attic
- Central Air
- 4-minute walk to Grimes Park
About This Home
As of April 2022Location! Rare opportunity to own a stately brick 6-unit purpose-built Apartment Building in Lexington's Historic Grimes Park, a popular uptown neighborhood. Fully occupied, profitable & completely updated. Units feature original hardwood floors, full appliance suites including dishwasher, washer/dryer, stove and microwave. Mechanicals & exterior including roof, siding, central air, windows, plumbing,, water heaters & electrical have all been updated over the past 12 years. Full walkout basement was purpose built as 7th unit, could be future expansion as last used in 2000. Paved off street parking, mail center & secured foyer entrance. Tenants pay their own utilities except water/sewer. Proof of fund & tentative offer must be presented before any showings. Please do not disturb tenants. Seller is a licensed NC Real Estate Agent. All Interior Photos were taken prior to Tenants moving in.
Last Agent to Sell the Property
Express Home Realty License #186677 Listed on: 02/25/2022
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,238
Year Built
- Built in 1945
Lot Details
- 11,761 Sq Ft Lot
- Sloped Lot
Home Design
- Brick Exterior Construction
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Washer and Dryer Hookup
- Attic
- Basement
Flooring
- Wood
- Carpet
- Tile
Parking
- 6 Parking Spaces
- No Garage
- Driveway
- Paved Parking
Location
- City Lot
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Legal Lot and Block 007,008 / 00D
- Assessor Parcel Number 11051000D0007000
- 1% Total Tax Rate
Community Details
Overview
- No Home Owners Association
- 6 Units
- 4,646 Sq Ft Building
- Grimes Park Subdivision
Amenities
- Community Storage Space
Building Details
- 6 Leased Units
- Electric Expense $600
- Insurance Expense $2,500
- Maintenance Expense $1,200
- Water Sewer Expense $600
- New Taxes Expense $2,500
- Operating Expense $7,400
- Gross Income $36,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2022 04/14/22 | Sold | $411,500 | +414.4% | $112 / Sq Ft | |
| 03/14/2022 03/14/22 | Pending | -- | -- | -- | |
| 08/23/2013 08/23/13 | Sold | $80,000 | -5.9% | $16 / Sq Ft | View Prior Sale |
| 07/22/2013 07/22/13 | Pending | -- | -- | -- | |
| 11/16/2012 11/16/12 | For Sale | $85,000 | -- | $17 / Sq Ft |
Source: Triad MLS
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 | $3,876 | $298,120 | $0 | $0 |
| 2024 | $3,876 | $298,120 | $0 | $0 |
| 2023 | $3,876 | $298,120 | $0 | $0 |
| 2022 | $2,221 | $170,850 | $0 | $0 |
| 2021 | $2,221 | $170,850 | $0 | $0 |
| 2020 | $2,268 | $175,760 | $0 | $0 |
| 2019 | $2,302 | $175,760 | $0 | $0 |
| 2018 | $2,302 | $175,760 | $0 | $0 |
| 2017 | $2,536 | $193,550 | $0 | $0 |
| 2016 | $2,536 | $193,550 | $0 | $0 |
| 2015 | $2,439 | $193,550 | $0 | $0 |
| 2014 | $1,324 | $105,040 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lane Young
-
NONMEMBER NONMEMBER
N
Buyer's Agent in 2022
NONMEMBER NONMEMBER
663 in this area
16,156 Total Sales
-
Helen Stubblefield
H
Seller's Agent in 2013
Helen Stubblefield
Berkshire Hathaway HomeServices Carolinas Realty
(336) 399-7065
11 in this area
27 Total Sales
Map
Source: Triad MLS
MLS Number: 1059812
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