NOT LISTED FOR SALE

318 New Woodruff Rd Greer, SC 29651

Estimated Value: $1,636,000 - $2,331,000

-- Bed
12 Baths
-- Sq Ft
1.62 Acres

Last Sold July 29, 2016

Last sale price $1,011,550

Est. 88% increase in value since last sale

Current estimated payment $12,955/month

134 Days on Market

Highlights

  • 1.62 Acre Lot
  • Woodland Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of July 2016

Great cash flowing investment opportunity with growth potential in Greer, SC! Minutes to downtown Greer, Interstate- 85, BMW Manufacturing facility, and GSP International Airport makes this an extremely desirable location for tenants and investors alike in the middle of path of development! 3 Buildings containing 24 2BR/1.5 multi-family units, 100% occupied @ $500/ month and potential market rent upwards to $575+/month. $144k current Gross income, $96,792 NOI, 7.74% Cap Rate

Last Agent to Sell the Property

Joe Gobbett

Blackstream International RE License #82935 Listed on: 07/23/2015

Last Buyer's Agent

Joe Gobbett

Blackstream International RE License #82935 Listed on: 07/23/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1995

Lot Details

  • 1.62

Home Design

  • Slab Foundation
  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • 2-Story Property
  • 1.62 Acre Lot

Community Details

  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 9041400500

Property Details

Home Type

Multi-Family

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Estimated Age: 11-20
  • Estimated Number of Acres: 1.62
  • Class: Multi-Family
  • In City: Y
  • Tax Rate4percent6percent: 6
  • Assessor Parcel Number: 9041400500
  • Estimated Year Built: 1995
  • Parking Per Unit: Paved Driveway
  • Seperate Utility Meters: Electric, Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1995

Interior Features

  • Number Of Stories: 2

Exterior Features

  • Exterior Finish: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingle

Utilities

  • Garbage Pickup: Private
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling System: Central Forced
  • Heating System: Forced Air

Schools

  • Elementary School: Woodland
  • Middle School: Greer
  • High School: Greer

Tax Info

  • Total Taxes: 17694.89

Multi Family

  • Total Units: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2015
Closed on
Jul 29, 2016
Sold by
Brooks & Morales Llc
Bought by
Skankle Creek Llc
Seller's Agent
Joe Gobbett
Blackstream International RE
Buyer's Agent
Joe Gobbett
Blackstream International RE
List Price
$1,250,000
Sold Price
$1,011,550
Premium/Discount to List
-$238,450
-19.08%
Current Estimated Value
$1,899,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$888,284

Purchase Details

Closed on
Jan 25, 2007
Sold by
Maple Creek Lp
Bought by
Brooks & Morales Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.14%
Mortgage Type
Commercial
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
Skankle Creek Llc $1,011,550 Attorney
Brooks & Morales Llc $725,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skankle Creek Llc $1,372,000
Previous Owner Brooks & Morales Llc $750,000
Previous Owner Brooks & Morales Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2016 07/29/16 Sold $1,011,550 -19.1% --
12/04/2015 12/04/15 Pending -- -- --
07/23/2015 07/23/15 For Sale $1,250,000 -- --
Source: Greater Greenville Association of REALTORS®

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 $29,549 $69,794 $4,280 $65,514
2023 $29,549 $69,794 $4,280 $65,514
2022 $24,551 $60,690 $4,818 $55,872
2021 $24,202 $60,690 $4,818 $55,872
2020 $24,368 $60,690 $4,818 $55,872
2019 $24,368 $60,690 $4,818 $55,872
2018 $24,004 $60,690 $4,818 $55,872
2017 $23,663 $60,360 $4,818 $55,542
2016 $17,754 $44,980 $4,768 $40,212
2015 $17,986 $44,982 $4,770 $40,212
2014 $17,565 $44,982 $4,770 $40,212
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Joe Gobbett

    Blackstream International RE

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Map

Source: Greater Greenville Association of REALTORS®

MLS Number: 1305274

Greater Greenville Association of REALTORS®

APN: 9-04-14-005.00

South Carolina Spartanburg County Greer 29651

318 New Woodruff Rd, Greer, SC

This home is located at 318 New Woodruff Rd, Greer, SC 29651 since 23 July 2015 and is currently estimated at $1,916,031. This property was built in 1995. 318 New Woodruff Rd is a home located in Spartanburg County with nearby schools including Woodland Elementary School, Greer Middle School, and Greer High School.

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.

Greater Greenville Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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