Seller's Agent in 2022
Heather Morton Hill
eXp Realty
(336) 213-8887
20 in this area
171 Total Sales
316 Spence St Burlington, NC 27217
North Burlington NeighborhoodEstimated Value: $300,000 - $329,000
6
Beds
4
Baths
2,256
Sq Ft
$141/Sq Ft
Est. Value
Highlights
- No HOA
- Forced Air Heating and Cooling System
- Vinyl Flooring
About This Home
As of August 2022Great investment opportunity! Built in 2002, this duplex has been well kept. Each unit is 1128sf, with 3BR and 2BA. The open floor plan and full-size primary ensuite bedroom & bath give each unit a much larger feel. Great rental potential for both units, or live in one and rent the other!
Unit 316 is rented at $950/month and Unit 318 is rented at $1000/month. Tenants are currently on month to month lease.
Last Agent to Sell the Property
eXp Realty License #299833 Listed on: 07/07/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,656
Year Built
- Built in 2002
Lot Details
- 10,585
Home Design
- Duplex
- Vinyl Siding
Parking
- 6 Parking Spaces
- Paved Parking
Schools
- Turrentine Middle School
- Williams High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Additional Features
- Vinyl Flooring
- Washer and Dryer Hookup
- Lot Dimensions are 77 x 137
- City Lot
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 125823
- 1% Total Tax Rate
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2022
Closed on
Aug 12, 2022
Sold by
John Stewart Builders Llc
Bought by
Bullock Erica and Bullock Victor
Seller's Agent
Heather Morton Hill
eXp Realty
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,750
Avg. Annual Appreciation
4.08%
Original Mortgage
$220,000
Outstanding Balance
$207,540
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$111,210
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bullock Erica | $275,000 | Mann Mcgibney & Jordan Pllc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bullock Erica | $220,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2022 08/12/22 | Sold | $275,000 | 0.0% | $122 / Sq Ft |
| 07/10/2022 07/10/22 | Pending | -- | -- | -- |
| 07/08/2022 07/08/22 | For Sale | $275,000 | -- | $122 / 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 | $1,413 | $286,052 | $21,500 | $264,552 |
| 2024 | $1,342 | $286,052 | $21,500 | $264,552 |
| 2023 | $2,606 | $286,052 | $21,500 | $264,552 |
| 2022 | $1,643 | $132,371 | $20,000 | $112,371 |
| 2021 | $1,656 | $132,371 | $20,000 | $112,371 |
| 2020 | $1,669 | $132,371 | $20,000 | $112,371 |
| 2019 | $1,674 | $132,371 | $20,000 | $112,371 |
| 2018 | $787 | $132,371 | $20,000 | $112,371 |
| 2017 | $764 | $132,371 | $20,000 | $112,371 |
| 2016 | $2,007 | $173,040 | $20,000 | $153,040 |
| 2015 | $999 | $173,040 | $20,000 | $153,040 |
| 2014 | -- | $173,040 | $20,000 | $153,040 |
Source: Public Records
Agents Affiliated with this Home
-
Heather Morton Hill
-
NONMEMBER NONMEMBER
N
Buyer's Agent in 2022
NONMEMBER NONMEMBER
229 in this area
16,344 Total Sales
Map
Source: Triad MLS
MLS Number: 1076332
APN: 125823
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